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 ›
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 ›
A survey conducted by the auditing firm Ernst & Young has shown the almost half of top management of companies surveyed in 45 countries around the world are accelerating plans for further automation of their workplace and business as more… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
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