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Oil industry

OPEC seen backing big oil output cut, but awaits Russian support

Saudi Arabia wants OPEC and also its allies, to cut one million to 1.5 million barrels per day (bpd) for the second quarter and to keep the existing cuts of 2.1 million bpd
Mar 5, 2020
By Reuters
Coronavirus
November Supermoon: Striking visuals of the closest full moon until 2034

Airlines may lose up to $113 billion in passenger revenue due to COVID-19 outbreak, claims IATA

The deadly coronavirus or COVID-19 which originated from Wuhan in China has claimed the lives of more than 3,200 people around the world
Mar 5, 2020
By IBTimes APAC Desk
Coronavirus
Chinese smartphone vendors begins losing buyers

US lawmakers seek to step up pressure on UK to reverse Huawei 5G decision

Federal Communications Commission followed up by voting unanimously to designate Huawei and ZTE as national security risks
Mar 5, 2020
By Reuters
microsoft new standards of safe windows 10 pc

Microsoft asks staff in Seattle area, Silicon Valley to work from home

Microsoft asked its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25
Mar 5, 2020
By Reuters
Coronavirus
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017.

IMF announces $50 billion program to combat coronavirus

The money which is ready to be disbursed immediately is mainly for low-income countries and will mostly be interest-free
Mar 5, 2020
By R. Ghosh
Coronavirus
 Facebook Logo

Facebook comes forward to fight coronavirus; to allow free ads to WHO

Facebook CEO Mark Zuckerberg said that it will block all users trying to run false ads and spread misinformation on coronavirus
Mar 5, 2020
By R. Ghosh
Facebook Coronavirus Mark zuckerberg
Oil industry

Oil steadies as OPEC, allies work on big cut

Saudi Arabia and other OPEC members will seek to persuade Russia to join them in large additional oil output cuts to prop up prices which tumbled due to the coronavirus epidemic
Mar 4, 2020
By Reuters
Coronavirus
Johnson & Johnson

Johnson & Johnson ordered to pay $1.7 million in damages for faulty pelvic mesh implants

The company had faced similar lawsuits in other countries and had agreed to pay $17 million to settle claims by patients in 41 states in the US
Mar 4, 2020
By R. Ghosh
Oil industry

Oil extends gains amid optimism for coordinated effort to offset virus

The coronavirus or COVID-19, which originated in China, has spread to over 60 countries and has killed more 3,000 people globally
Mar 3, 2020
By Reuters
Apple

Apple agrees to pay up to $500 million to settle lawsuit over slow iPhone performance

Apple was accused of slowing down the battery performance of its older handsets in order to introduce new iPhone models
Mar 3, 2020
By R. Ghosh
Apple ios
samsung

Samsung begins constructing $220 million R&D center in Vietnam: report

The construction process of the new research and development center is reportedly going to be completed by end 2022 and will employ 2,200 to 3,000 heads
Mar 3, 2020
By R. Ghosh
Samsung Coronavirus
US stocks

Coronavirus expected to hurt US earnings harder and longer

Worries about the expected impact escalated last week as the virus, which was first detected in China spread rapidly to countries with important global economic significance
Mar 2, 2020
By Reuters
Coronavirus
Investors monitor stock market prices in Kuala Lumpur

US officials talk down coronavirus market panic, tout economic strength

Economists have started to worry that the losses could soon start to weigh on consumer spending even before the virus becomes widespread in US
Mar 2, 2020
By Reuters
Coronavirus
Asia stock market

Asian stock markets reverse losses on global policy stimulus hopes

New survey showed China's factory activity collapsing to its worst levels on record as the virus crippled broad areas of the economy
Mar 2, 2020
By Reuters
Singapore June NODX fall 2.3% on-year due to weak China, Europe demand

COVID-19 had implications on South Korea's February trade; ministry claims worse to come

The monthly trade data of the Asian nation, which is the first to be released among all the big exporting economies
Mar 1, 2020
By IBTimes SG Desk
Coronavirus
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