Business News

Panasonic to suspend battery production at Tesla joint venture in Nevada due to Coronavirus

A Panasonic spokeswoman refused to comment about how the suspension would affect Tesla, which produces battery packs using Panasonic cells at the Nevada plant

Mar 21, 2020

By Reuters

Coronavirus

As the world is grappling with COVID-19 here is a list of industries which are garnering profits

While the world is witnessing business losses in the time of a pandemic, some are profiting too! Here is a list

Mar 21, 2020

By Vinay B.S.

Coronavirus

Lockdowns, panic buying due to COVID-19 outbreak may cause worldwide food inflation: FAO, analysts

The coronavirus outbreak has caused a major panic around the world as the deadly virus claimed the lives of over 11,000 people globally

Mar 21, 2020

By IBTimes SG Desk

Coronavirus

TraceTogether: Singapore launches coronavirus contact tracing app

The smartphone app TraceTogether was launched by GovTech in collaboration with the Ministry of Health that was developed over a period of eight days

Mar 21, 2020

By R. Ghosh

Coronavirus

Coronavirus crisis: Amid job losses, e-commerce firms and retailers go on hiring spree

Walmart, Amazon and a number of other e-commerce companies and retailers are hiring thousands of temporary workers to keep up with a crush of demand

Mar 21, 2020

By R. Ghosh

Coronavirus Amazon prime

Oil gains as governments pile on the economic stimulus

Despite the rise of oil prices on Thursday and Friday, Brent was still on the track for a weekly loss of more than 10% its the fourth consecutive weekly decline

Mar 20, 2020

By Reuters

$US readies 1 trillion stimulus: Trump may give large corporate tax cuts; Democrats not happy

The Coronavirus Aid, Relief and Economic Security Act is expected to be passed by Congress by Monday.

Mar 20, 2020

By Jacob J

Coronavirus

Boutique shops in central London on the brink as Coronavirus kills trade

The streets outside, usually bustling with shoppers and tourists, were virtually empty due to coronavirus outbreak

Mar 19, 2020

By Reuters

Coronavirus

France FM not happy with the pressures on Amazon staff in the country during COVID-19 outbreak

The coronavirus has claimed the lives of over 8,000 people around the world with Europe becoming the new epicentre of the disease

Mar 19, 2020

By IBTimes APAC Desk

Coronavirus

Food supply getting disrupted due to EU border restrictions over Coronavirus fears

The food supply industry is getting disrupted due to the border restrictions because of the deadly virus outbreak which has killed over 8,000 people around the world

Mar 19, 2020

By IBTimes APAC Desk

Coronavirus

US Depression a fancy theme for Chinese; state media warns of 1929-like scenario

The risk of a depression in the United States is greater than ever since the Great Depression of 1929, says Chinese government mouthpiece.

Mar 19, 2020

By Jacob J

Coronavirus

Oil gains amid market uncertainty over virus stimulus plans

Japan is also considering handing out cash to households as it may face recession after a sharp contraction of growth before the outbreak

Mar 19, 2020

By Reuters

Toyota, other Japanese carmakers to shut more facilities in Europe, Asia as coronavirus fears grow

While Toyota halted production in the UK and Poland on Wednesday, it will close more plants over the week amid growing concerns of cororavirus spread

Mar 19, 2020

By R. Ghosh

Coronavirus

Emirates offers pilots unpaid leaves; Qatar Airways lays off staff as coronavirus spreads

Emirates, reportedly, is the latest airlines to request employees to go on unpaid leave, as the coronavirus outbreak continues to hit the aviation industry

Mar 19, 2020

By R. Ghosh

Coronavirus

What is Buffett Indicator? US stock market investors should be ready for bigger crash

Before the dotcom bust the US market cap was 146 percent of the of GDP, while it was 137 percent before the 2008 Financial Crisis. On March 4, 2020, it was 146 percent.

Mar 18, 2020

By Jacob J

Coronavirus Depression

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