February 2020 – Page 236

Apple to close all China mainland stores due to virus outbreak

February 1, 2020 admin Comments Off

“Out of an abundance of caution and based on the latest advice from leading health experts, we’re closing all our corporate offices, stores, and contact centers in mainland China through February 9,” Apple said in a statement. Earlier this week, Apple closed three stores in China due to concerns about the spread of the virus. It’s joining a handful of overseas retailers, including Starbucks Corp and McDonald’s Corp to temporarily shut storefronts as a precautionary measure. …read more […]

Factbox: Airlines suspend China flights because of coronavirus outbreak

February 1, 2020 admin Comments Off

Airlines are suspending flights to China in the wake of the new coronavirus outbreak, which as of Friday had killed more than 200 people and infected nearly 10,000 people. [nL4N29Z6DC]

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Macau casino revenue drops 11.3 percent in Jan as coronavirus worries mount

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Gambling revenue in the Chinese territory of Macau dropped 11.3 percent in January year-on-year, with the world’s biggest casino hub a near ghost town after authorities announced a raft of measures to keep visitors away and contain a fast-spreading new coronavirus. January’s figure of 22.1 billion patacas ($2.76 billion) was worse than analyst expectations of a drop of around 2 percent – estimates that were made prior to the implementation of visitor restrictions last week. …read more […]

U.S. declares coronavirus health emergency, bars foreign nationals who visited China

February 1, 2020 admin Comments Off

WASHINGTON Reuters) – The Trump administration, while insisting the risk to Americans from coronavirus is low, nevertheless declared a public health emergency on Friday and announced the extraordinary step of barring entry to the United States of foreign nationals who have recently visited China.

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Airbus to pay around 1 billion euros in UK slice of global bribery settlement

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Airbus, the world’s largest aircraft maker, will pay just under 1 billion euros ($1.11 billion)in a British settlement to draw a line under a three-and-a-half year criminal investigation into allegations of fraud, bribery and corruption.

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Record $4 billion Airbus fine draws line under ‘pervasive’ bribery

February 1, 2020 admin Comments Off

Airbus bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States.

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Companies feel impact of coronavirus outbreak in China

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Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and infected thousands could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights.

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Edited Transcript of GSIT earnings conference call or presentation 30-Jan-20 9:30pm GMT

February 1, 2020 admin Comments Off

Q3 2020 GSI Technology Inc Earnings Call …read more […]

Amazon holiday quarter delivers, threatens profit squeeze for UPS and FedEx

February 1, 2020 admin Comments Off

Amazon.com Inc’s rapid expansion of one-day shipping delivered a strong holiday quarter and showed the rising ambition of the company, which in six years has created a network that handles nearly as many packages as FedEx Corp .

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PG&E Pushes Newsom For Plan to Fund Bankruptcy With Bonds

February 1, 2020 admin Comments Off

(Bloomberg) — PG&E Corp. is pushing California Governor Gavin Newsom to support a proposal by the utility to issue billions of dollars in bonds backed by customer bills to help pay for its bankruptcy plan, according to people familiar with the matter.The effort to win the governor’s support comes as PG&E has a Friday deadline to file its $46 billion restructuring plan with state regulators. Newsom’s office hasn’t signed off on the idea of using bonds, the people said.The proposal is one of the final issues the two sides are debating as PG&E pushes to emerge from the largest utility …read more […]

U.S.-UK trade deal needs labor, climate protections, enforcement: U.S. lawmaker

February 1, 2020 admin Comments Off

A future U.S.-UK trade agreement must incorporate strong provisions on worker rights, environmental protection, and enforcement to ensure bipartisan support, U.S. House Ways and Means Committee Chairman Richard Neal said on Friday, staking out a claim for Congress to help shape any such accord.

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U.S. ramps up anti-coronavirus measures at border as impact spreads

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The United States ramped up its response to the coronavirus epidemic on Friday, declaring a public health emergency and saying it would halt entry to foreign nationals who had been to China within the 14-day incubation period.

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Walmart temporarily limits ‘non-business critical travel’ to China

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Walmart Inc , the world’s largest retailer, said it is temporarily limiting “non-business critical travel” to China amid the coronavirus outbreak.

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As coronavirus misinformation spreads on social media, Facebook removes posts

February 1, 2020 admin Comments Off

Facebook Inc said it will take down misinformation about China’s fast-spreading coronavirus, in a rare departure from its usual approach to dubious health content that is presenting a fresh challenge for social media companies.

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China’s Tianjin closes schools, firms until further notice to curb virus: state media

February 1, 2020 admin Comments Off

The northern Chinese city of Tianjin has ordered schools and non-essential companies to remain closed until further notice to curb the spread of the coronavirus that has already infected thousands in the country, a local government-run newspaper said.

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