On Tuesday, the head of a European business group in China warned that the world could face a shortage of antibiotics if the pharmaceutical industry’s supply problems posed by the outbreak of China’s coronavirus cannot soon be resolved. Joerg Wuttke, President of the EU Chamber of Commerce told a roundtable in Beijing that the synchronization…
On Tuesday, Japan’s cabinet approved a bill to support companies to develop secure 5G mobile networks and drone technologies midst a growing alarm from Tokyo policymakers over Chinese influence over the said technologies. The bill aims to provide companies, who want to develop the technologies, funds which will attract low-interest rate from government-affiliated financial institutions…
The face mask has become the most visible symbol of the deadly coronavirus outbreak both in China and elsewhere. And according to reports, it is now increasingly becoming a prized possession across Asia as its demand by concerned citizens of the region to protect themselves from the coronavirus infection exceeds supply. There is virtually a…
Canadian company Bombardier Inc’s train business will be purchased by the French transport infrastructure company Alstom SA and the tow companies have reached a preliminary deal to that effect. The deal will be worth more than $7 billion on an enterprise value basis. This was first reported on Bloomberg on January 21 and later by…
In a statement Twitter said, the official Twitter account of the Olympics and the International Olympic Committee’s (IOC) media Twitter account had been hacked and has been temporarily locked. Twitter’s statement also mentioned that these accounts were hacked through a third-party platform, without giving further details. “As soon as we were made aware of the…
According to sources familiar with the matter at hand, the U.S. government is weighing options which include stopping General Electric Co from continuing to supply engines for China’s passenger jet. The development will cast a shadow of uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the sale of plane…
The last quarter of 2019 was a very poor one for the German economy, showed official figures for the country. There was almost no change in the Gross domestic product (GDP) or the total production of goods and services, for the country in the last three months of last year compared to the previous quarter.…
