The United Kingdom is confident that it will be able to strike up a trade deal with its trusted ally United States despite the disagreement between the two over the issue of including the Chinese tech giant Huawei in the… Read More ›
Day: February 10, 2020
Sony And Amazon Not To Participate In Major Tech Show Due To Coronavirus Scare
While the fast spreading coronavirus in China has affected global supply chains of largest of the tech companies, the latest tech companies to pull out of the one of the world’s largest tech shows to concerns and risks of the… Read More ›
Closure Of Chinese Factories Continues To Stress Global Supply Chains
Thousands of the companies all across the world are waiting for reopening of factories and production units in China starting Monday. However if the closures continue over concerns of spreading of coronavirus, many of the major brands of the world… Read More ›
Israeli defense firm Elbit Systems Ltd wins $136M contracts in Asia-Pacific region
On Monday, Israeli defense firm Elbit Systems Ltd stated, it has won contracts worth $136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems. The DIRCM systems are designed to protect aircraft against heat-seeking ground-to-air… Read More ›
Japan’s antitrust authorities raid Rakuten’s offices
On Monday, officials from Japan’s antitrust authority raided the offices of e-commerce giant Rakuten Inc following complains from online merchants regarding the company’s free shipping policies With the news reaching the market, its shares fell briefly by 3%. Rakuten’s spokeswoman… Read More ›
Albemarle, world No.1 lithium miner, to monitor aquifers beneath Chilean desert
With Chile’s residents and Chilean courts ringing the alarm on depleted water supplies in the country’s Atacama salt flat, Albemarle, the world’s top lithium miner had filed a proposal in December to monitor water flows beneath the parched desert floor…. Read More ›
Amazon.com Inc pulls out of Mobile World Congress 2020
Amazon.com Inc has pulled out of the Mobile World Congress citing China’s coronavirus outbreak. “Due to the outbreak and continued concerns about the new coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress 2020,” said Amazon in… Read More ›
Kia Motors suspends production at two South Korean factories citing shortage of auto parts
On Monday, in a statement Kia Motors said, production at three car plants in South Korea have come to a grinding halt due to a shortage of auto parts. Production at Kia Motors’ Gwangju and Sohari plants will be suspended… Read More ›
Foxconn’s Zhengzhou plant resumes operations
On Monday, as per a source with direct knowledge of the matter at hand, Foxconn has received approval to resume production at its plant in Zhengzhou in northern China. Around 16,000 people have returned to the plant, said the source… Read More ›
