Foxconn says it’ll resume normal production in China by the end of March and that half of its seasonal workers are now back at work, according to Reuters. Foxconn, the primary iPhone assembler and parts supplier for Apple and others, has had its output curtailed following the coronavirus outbreak. In addition to mandated government shutdowns, many of Foxconn’s seasonal workers had to be quarantined before returning to work after the extended Lunar New Year holiday last month. Foxconn is the world’s largest contract manufacturer.
New coronavirus infections spiked dramatically across Europe on Sunday, with Italy reporting hundreds of new cases and five more deaths. The number of confirmed cases also jumped in France, Germany and the UK, and the Czech Republic reported its first case.
The purchasing managers' index (PMI) for China's manufacturing sector stood at 35.7 in February, down from 50 in January, the National Bureau of Statistics (NBS) said Saturday.
Due to the trading system update, all existing Apple IOS mobile APP trading users are requested to update the existing APP before 1 March, 2020 for the latest version or you will not be able to log into the application after the date.
Apple CEO Tim Cook said today that factories in China that manufacture the company’s products are reopening as “China is getting the coronavirus under control.” The comments came from a preview of an upcoming interview with Fox Business.
Japan's education minister Koichi Hagiuda said Friday the government wants children to remain indoors at home while elementary, junior and high schools in the country are closed for about a month over coronavirus fears.
Hours after the White House rejected the idea of appointing a coronavirus czar, President Trump on Wednesday put Vice President Pence in charge of the administration's response to the disease.
South Korea confirmed 334 more cases of the COVID-19, bringing the total number of infections to 1,595 as of 9:00 a.m. local time (0000 GMT) Thursday. The death toll was unchanged at 12.
Hong Kong Budget 2020: HK$10,000 cash handouts for all adult permanent residents among raft of relief measures
Hong Kong’s financial secretary has announced a HK$10,000 cash handout for all permanent residents over the age of 18 in a bid to boost local consumption and ease economic woes in light of a fiscal deficit.
India and the US on Tuesday finalised defence deals worth USD 3 billion, and signed three MoUs, including one in energy sector, as Prime Minister Narendra Modi asserted that the two countries have decided to take Indo-US ties to comprehensive global partnership level.
Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.
Financial markets on Monday ratcheted up bets the U.S. Federal Reserve will be pressed to cut interest rates to cushion a feared hit to economic growth from the spread of the coronavirus, although one official cautioned against expecting the central bank to over-react to short-term market moves.
Affected by new coronavirus pneumonia outbreak, China's mobile phone shipments went down 38.9 percent year on year in January to 20.8 million units, a report from the China Academy of Information and Communications Technology (CAICT) showed on Monday.
CLP Holdings Ltd.'s net profit for 2019 decreased 66%, mainly weighed by impairment costs on its Australian business.
Chinese state media is reporting that the lockdown in Wuhan is being eased to allow “stranded personnel” to leave the city if they are not under quarantine or medical observation.
The company has closed a phone factory in Gumi, South Korea until February 24th after confirming that a factory worker was infected with COVID-19. The company told the worker's associates to self-quarantine and will test them for the virus, and will also keep the relevant floor closed until the 25th.
The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.
The Tokyo Metropolitan government said it will to cancel or postpone major indoor events planned for the next three weeks as Japan tries to halt the spread of the coronavirus, Jiji newswire reported.
China is expected to cut pension contributions and insurance fees by more than 500 billion yuan ($71.27 billion) this year, government officials said on Thursday, as it seeks to help companies weather the coronavirus outbreak.
Earlier this month, the Civil Aviation Administration of China said it would promote and allow measures that allow airlines to continue to stay afloat as the country’s aviation industry is plagued by the lack of travel resulting from the novel coronavirus that has filled up headlines.