Schneider Electric estimates coronavirus costs at 300 million euros
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(Reuters) - France's Schneider Electric expects the outbreak of a new coronavirus to cost it around 300 million euros (£251 million) in the first quarter, it said on Thursday."The Group is assessing the impact of the coronavirus to the business," the company said in a statement, adding that it will be felt mostly in China due to factory closures in January and February.The virus, which originated in the city of Wuhan in western China, has so far killed more than 2,000 people, mostly in the..