In a statement an official from the White House said, two top-level White House aides will host a meeting on the resiliency of the U.S. supply chain midst a broader policy review on the issue. According to Jen Psaki, White House’s press secretary, the meeting would be hosted by President Joe Biden’s top economic aide,…
On Tuesday, South Korean investment bank Mirae Asset Daewoo Co Ltd stated, it has won a U.S. lawsuit against China’s Anbang Insurance Group. The development comes in the wake of Mirae Asset affiliates scrapping a $5.8 billion deal to buy 15 U.S. hotels from Anbang, which then had filed a lawsuit against the South Korean…
According to sources familiar with the knowledge at hand, from 2021 Samsung Electronics Co Ltd may discontinue its Galaxy Note line of smartphones. The development comes in the wake of a sharp drop in demand for high-end smartphones because of the coronavirus-induced COVID-19 pandemic. Known for its large screen and its stylus for taking notes,…
On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…
Going by the results of an early data released by Moderna Inc’s experimental COVID-19 vaccine, which was the first to be tested in the United States, the vaccine produced protective antibodies in a small group of healthy volunteers, said the biotech company. The data comes after a small study on 8 people were done in…
On Tuesday, Logitech International reported a rise of 13.6% in fourth-quarter sales. The development comes at a time when more people are working from home due to the coronavirus crisis. Logitech has rpeorted a fourth-quarter sales of $709.2 million, up from $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in…
In a statement, Alphabet Inc’s Google disclosed, over the last three days, it had surveyed a few users on their health at the request of Carnegie Mellon University researchers who are aiming to forecast the spread of Wuhan coronavirus infections. Google’s Opinion Rewards app, which exchanges responses to surveys from Google and its clients for…
Alphabet Inc has canceled its annual developer event, Google I/O, midst growing concerns on China’s coronavirus which has started spreading outside China. “Over the coming weeks, we will explore other ways to evolve Google I/O to best connect with and continue to build our developer community,” said Alphabet Inc. On Monday, Alphabet had said it…
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…
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…
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