Author Archives

• Tesla to supply FDA-approved ventilators free of cost to hospitals

  By admin1 on April 1, 2020 • ( 0 )

  

  In a statement, Tesla’s Chief Executive Elon Musk said the company has additional FDA-approved ventilators which it will ship free of costs to hospitals within regions where it has delivery points. “Device & shipping cost are free. Only requirement is… Read More ›

• American Airlines to apply for up to $12B in govt aid: Internal Memo

  By admin1 on March 31, 2020 • ( 0 )

  

  In a memo to executives, American Airlines Holdings Inc stated, it aims to apply for up to $12 billion in government aid, and ensure no involuntary layoffs or pay cuts occur in the next six months. Under a stimulus package,… Read More ›

• COVID-19 data from China, Russian, North Korea and Iran are hard to chart: U.S. Intelligence

  By admin1 on March 31, 2020 • ( 0 )

  

  According to sources familiar with an intelligence reporting, U.S. spy agencies are finding it hard to put together a precise picture of the world’s coronavirus outbreaks. There are serious gaps in their ability to assess the situation in China, North… Read More ›

• U.S. working on executive order that expands ‘Buy America’ provisions: USTR

  By admin1 on March 31, 2020 • ( 0 )

  

  In a development pregnant with possibilities, U.S. Trade Representative Robert Lighthizer stated, the Wuhan Coronavirus pandemic shows that the United States is way too dependent on cheap foreign imports for key strategic medical supplies. The statement underscores the need for… Read More ›

• Accounting firm Ernst & Young LLP resigns from Finablr’s audit

  By admin1 on March 30, 2020 • ( 0 )

  

  On Monday, Finablr said, Ernst & Young LLP has resigned as its auditor following the company not being able to accommodate some of the changes requested by it on time. This includes “changes to the composition of the payments group’s… Read More ›

• All Foreign investments proposals in Australia comes under purview of Foreign Investment Review Board

  By admin1 on March 30, 2020 • ( 0 )

  

  In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›

• Toyota extends factory shutdown in Europe till April 20

  By admin1 on March 30, 2020 • ( 0 )

  

  On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›

• G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei

  By admin1 on March 30, 2020 • ( 0 )

  

  On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›

• Tesla slashes on-site staff at Nevada plant, NY plant to make ventilators

  By admin1 on March 27, 2020 • ( 0 )

  

  In a statement, the local county manager of U.S. electric carmaker Tesla Inc stated, the on-site staff at its Nevada battery plant will be slashed by 75% because of the Wuhan coronavirus. The development comes in the wake of Panasonic… Read More ›

• DoJ approves Raytheon UTC merger subject to divestitures

  By admin1 on March 27, 2020 • ( 0 )

  

  In a statement, the U.S. Justice Department stated, it has approved the planned merger of United Technologies Corporation with Raytheon Co, subject to certain conditions. In June 2019, UTC agreed to combine its aerospace business with Raytheon in order to… Read More ›