Following the outbreak of the coronavirus in China, the retail sales of passenger cars in the country has crumbled by 92% on an annual basis in the first 16 days of February, according to China Passenger Car Association (CPCA). During this period, sales of passenger vehicle in China touched 4,909 units, down from 59,930 vehicles…
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…
The coronavirus outbreak in China poses a potential threat to the mobile phone industry, said Qualcomm Inc while adding that it is likely to impact its manufacturing and sales. These comments by Qualcomm, the world’s biggest supplier of “modem” chips has resulted in the tumbling of chip stocks despite signs that an industry downturn was…
On Wednesday, Huawei Technologies stated, it aims to hold events around the forthcoming Mobile World Congress despite the coronavirus outbreak. The telecoms industry event draws more than 100,000 visitors to Barcelona. “We are keeping a close eye on matters and having to internally adjust accordingly and responsibly,” said Huawei’s spokesman after South Korea’s LG Electronics…
The U.S. Department of Health and Human Services has partnered with Regeneron Pharmaceuticals Inc to develop a treatment for the coronavirus whose outbreak in China has killed hundreds of people in China alone. The drugmaker collaboration with the U.S. Department of Health and Human Services is the latest to join the race to develop a…
With the coronavirus pandemic continuing its run in China, Hyundai Motor stated, it plans on gradually suspending production at its South Korean factories from Tuesday. Hyundai is the first automaker to do so outside China. The coronavirus is disrupted supply chain. Other global automakers, including PSA Peugeot Citroen, Ford, Nissan, Honda Motors have suspended the…
Zero Hedge, a financial market website has been banned from Twitter following the posting of a report which linked a Chinese scientist to the fast-spreading coronavirus outbreak in China. Late last week Zero Hedge said, it has received a notification from Twitter accusing it of violating its “rules against abuse and harassment.” The outbreak of…
On Saturday, Apple Inc stated, it has decided to shutdown all of its stores in mainland China upto February 9, over the outbreak of the coronavirus whose death toll has more than doubled to over 250 from a week ago. Apple did not immediately respond to further requests for comments.
One year back, while speaking at a conference hosted by the Massachusetts Medical Society, Bill Gates had “predicted” that a super-virus pandemic breaking out in China could potentially kill 33 million people around the globe in a span of just 6 months. Gates had warned that the world was at risk from super-pathogens spreading quickly…
Despite the outbreak, which has caused shipment delays, TSMC has maintained its single digit growth forecast. Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker stated as a result of computer virus outbreak in its systems, its third-quarter results have been affected. TSMC, a major supplier for Apple Inc, stated the virus infected a…
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