South Korea’s Samsung Display, a supplier for Samsung Electronics and Apple Inc, has requested Vietnam to exempt 700 South Korean engineers from its mandatory quarantine requirement saying they are needed to prepare for the production of screens for new smartphones. South Korea is Vietnam’s biggest foreign investor. In an effort to contain the outbreak of…
On Monday, in a statement Amazon.com Inc said it is soon announce the creation of a new business line which will sell the technology behind its cashier-less convenience stores to other retailers. Amazon.com has already signed “several” deals with customers, whom it would not name, towards this end. It will launch a new website on…
On Monday, in a statement Hong Kong’s Cathay Pacific Airways Ltd said, it could fly only freight to Japan, and not carry any passengers, if it decides to retain some services whose cancellation it announced at the weekend over travel curbs proposed by Japan over China’s coronavirus. On Saturday, Cathay Pacific had cut most of…
Lebanon will be defaulting on its debt for the first time, confirmed the country’s Prime Minister Hassan Diab on Saturday. The country will not be able to serve a $1.2 billion or €1.35 billion Eurobond which is due to mature on Monday, said Diab during a televised address. This announcement was made after a high…
An urge for an aid of $2 billion to support the efforts to develop a vaccine for the novel, fast spreading and deadly coronavirus that is the cause of the deadly COVID-19 infections around the world was given on Friday by a global coalition set up to fight epidemic diseases. The Coalition for Epidemic Preparedness…
In order to prevent the spread of coronavirus, the use of reusable cups has been temporarily banned by Starbucks at branches in the United Kingdom. A discount of 25pence would still be available for consumers who bring in reusable cups with them, but the coffee chain would only give out its coffee in paper cups,…
Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…
On Thursday, in a statement the International Air Transport Association (IATA) stated, global airlines are likely to lose revenues in the range of $63 billion to $113 billion in 2020 due to loss of passenger traffic, depending on how the coronavirus spreads. On February 20, the IATA had estimated the outbreak would cost global carriers…
On Thursday, Finland’s Nokia Oyj stated, it has entered into partnership with Intel to speed up the shift to 5G. The announcement comes a day after a similar deal was made with Marvell Technology. Nokia has struggled to speed up the development of its Reefshark system on chips (SoC), which has been slower-than-expected; Nokia’s Reefshark…
Apple Inc and Netflix Inc stated, they are pulling out of the South by Southwest music and tech festival which is scheduled to be held later this month midst China’s coronavirus outbreak. As of Wednesday, the U.S. death toll from coronavirus infections stands at 11 with California Governor Gavin Newsom declaring a state emergency. Earlier…
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