China’s coronavirus is dealing blow after blow to South Korean multinational giant LG Electronics Inc, an Apple Inc supplier. The initial outbreak forced LG to shutter its China factory for almost three weeks to help contain the spread of the… Read More ›
On Friday, in a statement S&P Global Ratings stated, if China’s coronavirus were to spread extensively in the Asia-Pacific region, it could wipe out $211 billion off the combined economies in the region with Japan, Singapore, Australia and Hong Kong… Read More ›
In an internal memo, JPMorgan Chase & Co stated, employees should forgo any non-essential domestic business travel in all of its worldwide locations due to concerns on the fast spreading coronavirus which has emerged from China. “Meet across cities and… Read More ›
On Thursday, England’s Chief Medical Officer Chris Whitty disclosed, British Members of Parliament (MPs) could potentially be affected by future advice from the government on China’s coronavirus. “Parliament will make its own decision about what it does overall, we may… Read More ›
According to four industry sources, PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak. PetroChina issued the force majeure notice to suppliers of… Read More ›
According to a Congressional report that was released on Wednesday, Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal. The U.S. House of Representatives Financial Services Committee released the findings of its year-long… Read More ›
JetBlue Airways Corp and United Airlines Holdings Inc have cut down flights and have implemented cost controls measures in the wake of China’s coronavirus spreading in the United States depressing travel demand. In a letter to employees, United Airlines announced… Read More ›
Financial firms in New York City are already testing work-from-home capabilities, implementing travel restrictions and canceling or modifying upcoming events even as China’s coronavirus, which landed on the finance capital’s doorstep, showed little signs of abating. Grand Central Station headquartered… Read More ›
Following the decision of India to put a cap on the export of drugs manufactured in the country because of the coronavirus, fears of global shortages of some common drugs have started to arise. Exports of 26 ingredients and the… Read More ›
Two different types of the new coronavirus could be behind the infections of the virus worldwide, researchers in China have found. A more aggressive type of the new coronavirus had been responsible for about 70% of the analyzed strains while… Read More ›
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