Year: 2020

(Bloomberg) — There’s a lot riding on Prime Minister Narendra Modi’s budget this fiscal year. Once the world’s fastest growing economy, India is now trying to restart economic growth that’s dipped to an 11-year low.Finance Minister Nirmala Sitharaman said this budget was aimed to boosting incomes and enhancing purchasing power, stressing that the economy’s fundamentals were strong and inflation was well contained.Here’s a short list of winners and losers from Saturday’s budget announcements.WINNERSTransport InfrastructureSitharaman unveiled plans for India’s highways and railways, proposing 1.7 trillion rupees ($23.7 billion) for transport infrastructure that includes the accelerated development of highways and plans to …read more […]

PG&E filed for Chapter 11 protection in January last year, citing potential liabilities in excess of $30 billion from deadly wildfires in 2017 and 2018 linked to its equipment. Newsom, in a public letter to the company on Dec. 13, had rejected an earlier PG&E reorganization plan saying it lacked major changes in governance and tougher safety enforcement mechanisms mandated under the state wildfire statute. Newsom has accused the company of putting profit ahead of maintenance of its power lines and of poorly managing the widespread blackouts PG&E used to avoid sparking wildfires during high winds. …read more […]

(Bloomberg) — Apple Inc. will close its corporate offices, stores and contact centers in mainland China through February 9, a move the company says comes out of an “abundance of caution and based on the latest advice from leading health experts.”The move comes as global companies with heavy Chinese footprints weigh how to respond to the threat of the spreading coronavirus that has prompted worldwide concern but remains primarily concentrated in China, the country where it first surfaced.Australia’s largest airline Qantas Airways Ltd. and Cebu Air Inc., the Philippines’ largest budget carrier, announced today they’d halt flights to China. Automakers …read more […]

“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 […]

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 […]

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