On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
lockdown
Tesla’s Gigafactory 3 plant in Shanghai halts production
According to two sources familiar with the matter at hand, Tesla Inc has stopped production at its Shanghai plant from Monday due to issues with securing parts for its electric vehicles. Shanghai is witnessing its sixth week of an intensifying COVID-19… Read More ›
UK cautiously reopens economy
Britain lifted a four month COVID-19 lockdown on Monday giving 65 million people a measure of freedom that was earlier curtailed by the Coronavirus-induced COVID-19 pandemic which began in Wuhan, China in late 2020. The British will now be able… Read More ›
Greece formally opens tourism industry to vaccinated or COVID-19 negative tourists
Greece has formally opened its tourism sector, kicking off a summer season through which it hopes to resurrect its tourism which has been battered by the coronavirus-induced COVID-19 pandemic. Following months of lockdowns, Greece has also opened its museums including… Read More ›
Israel to reopen restaurants, hotels, cafes, tourism with select countries from March
In a significant development that marks an attempt to go back to pre-coronavirus pandemic times, officials from Israel said they plan to reopen restaurants around March 9 and restart tourism with Cyprus as part of a gradual return to normality… Read More ›
Scotland to enter national lockdown
On Monday Scotland will enter another national lockdown which is likely to last until spring, reported The Times newspaper. In a statement Scottish government leader Nicola Sturgeon had said her cabinet is scheduled to meet on Monday to discuss potential… Read More ›
British government job support schemes likely to be hit with $5 billion fraud: National Audit Office
In a significant development, Britain’s spending watchdog stated, “British companies may have fraudulently claimed up to $5.1 billion (3.9 billion pounds) in public money by accepting funds from a salary support scheme while ordering furloughed staff to still work during… Read More ›
Homes with gardens in hot demand in UK: RICS survey
According to a monthly gauge of housing prices in the UK from the Royal Institution of Chartered Surveyors (RICS), Britain witnessed a post-lockdown surge in the housing market in August, with house prices hitting their four-year high Tired of coronavirus-induced… Read More ›
Hyatt Hotels Corp to restructure and lay off 1,300 employees from June 1, 2020
Late on Monday, Hyatt Hotels Corp stated, as it restructures roles within its global operations, it would be laying off around 1,300 employees. The development comes midst a virtual halt in global travel as cities across the globe go into… Read More ›
Bruno Le Maire to take stock of French automotive industry this week
On Monday, French Finance Minister Bruno Le Maire stated, he would be holding new meetings later this week with representatives of the country’s automotive industry which has been hit hard by the coronavirus. In an interview to BFM Business radio… Read More ›
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