Apple supplier Foxconn got approval to resume production at a key China plant after being forced to shut it following a coronavirus outbreak, but only 10per cent of the factory's workforce has managed to return so far, a source told Reuters.
KUALA LUMPUR: Malaysia's economy is expected to expand by 4.8 per cent this year, Prime Minister Mahathir Mohamad said on Monday (Feb 10), maintaining the government's forecast as it braces for a potential global slowdown tied to the novel coronavirus outbreak. Mahathir said the government expects ...
Lawyers for Carlos Ghosn, the fugitive former automotive executive, on Monday argued in a Dutch court for the release of internal documents relating to his dismissal by Nissan Motor and Mitsubishi Motors .
China's smartphone sales may plunge by as much as 50per cent in the first quarter, as many retail shops have closed for an extended period and production has yet to fully resume due to the fast spread of a new coronavirus, according to research reports.
Researcher TrendForce said on Monday it expected global smartphone production to fall by 12per cent to its lowest level in five years in the first three months of 2020 because a virus outbreak in China.
General Motors said on Monday it would restart production in from Feb. 15 in China, where the country is dealing with a coronavirus epidemic which has killed more than 900 people.
Israeli defense firm Elbit Systems Ltd said on Monday it won contracts worth US$136 million to provide customers in Asia-Pacific with airborne laser direct infrared countermeasure (DIRCM) systems.
Gathered in a German mountain castle last November for an evening retreat that ended with a whiskey-tasting, rebel European Central Bank policymakers and Christine Lagarde, their newly confirmed president, made a pact.
SINGAPORE: In the latest twist to Hyflux’s high-profile debt restructuring, the company said its non-executive independent director Simon Tay has resigned voluntarily with effect on Friday (Feb 7) due to an “inability to fulfill his duties”. This was announced by the company in a bourse filing on ...
Japanese antitrust officials raided the offices of e-commerce company Rakuten Inc on Monday after complaints from online merchants about the company's free shipping policies, prompting its shares to briefly fall by as much as 3per cent.
