On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
analysis
Samsung Electronics confirms coronavirus case at mobile device factory in Gumi, South Korea
In a statement, Samsung Electronics stated, a case of infection by coronavirus has been confirmed at one of its mobile device factory in Gumi, South Korea, causing a shutdown of the entire facility until Monday morning. “The company has placed… Read More ›
Singapore unveils $4.5 billion economic package to weather coronavirus impact on economy
In order to safeguard and weather the impact of China’s coronavirus from ravaging Singapore’s economy and help contain the outbreak in the country, Singapore announced financial packages worth around $4.5 billion on Tuesday. While delivering the budget speech, Singapore’s Finance… Read More ›
Toyota to resume production at three plants in China
In a statement, Toyota Motor Corp disclosed, it plans on resuming output at three of its four main auto plants in China this week. Toyota had earlier wanted to resume the production at its plants on February 3 after the… Read More ›
Mobile World Congress 2020 called off over Coronavirus fears
The annual telecoms industry gathering event, the Mobile World Congress (MWC), was cancelled on Wednesday following a mass exodus by exhibitors over fears over China’s coronavirus pandemic. The annual event which draws more than 100,000 visitors to Barcelona was cancelled… Read More ›
Singapore’s biggest bank, DBS Asia Central, evacuates 300 staff over China’s coronavirus
On Wednesday, according to an internal memo from DBS, Singapore’s biggest bank, 300 staff from its head office have been evacuated as a precautionary measure following a confirmed coronavirus case at the bank. “I regret to inform you that there… 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 ›
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 ›
Iran launches ballistic missile attack on U.S. bases in Iraq
An Iranian rocket attack on two U.S. forces bases in Iraq has sent financial markets into turmoil with investors scurrying for safety. “The weight of money is counting on a replay of the price-action on Monday. Essentially people are betting… Read More ›
EU eyeing emergency summit for Brexit deal: BBC
It is to be seen whether this new emergency summit can lead to a breakthrough. British Prime Minister Boris Johnson’s complicated plan of placing Northern Ireland in a dual customs zone with the UK and EU will require major updates… Read More ›
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