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Siemens surges as cuts costs and presses on with energy IPO

Technology News (Reuters) - Fri, 05/08/2020 - 12:48
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
Categories: Technology

Spain's coronavirus daily death tolls rises again on Friday

Health News (Reuters) - Fri, 05/08/2020 - 12:46
Spain's daily death toll from the coronavirus rose to 229 on Friday, up from 213 on the previous day, the health ministry reported.
Categories: Health

Facebook to allow employees to work remotely until year end

Technology News (Reuters) - Fri, 05/08/2020 - 11:48
Facebook Inc said on Friday it would allow its workers who are able to work remotely to do so until the end of the year as the coronavirus pandemic forces governments to extend stay-at-home orders to curb the spread of the disease.
Categories: Technology

Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFA

Technology News (Reuters) - Fri, 05/08/2020 - 11:33
Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America's weekly flows data.
Categories: Technology

Australia annoyed as U.S. pushes Wuhan lab COVID-19 theory

Health News (Reuters) - Fri, 05/08/2020 - 11:06
Australian officials are frustrated that their push for an inquiry into the origins of the coronavirus is being undermined by the White House, which has sought to link the outbreak to a Chinese lab, government, diplomatic and intelligence sources told Reuters.
Categories: Health

Indonesia reports 336 coronavirus infections, 13 deaths

Health News (Reuters) - Fri, 05/08/2020 - 11:00
Indonesia reported 336 new coronavirus infections on Friday, taking the total in the Southeast Asian country to 13,112, said health ministry official Achmad Yurianto.
Categories: Health

Sony to make, donate face shields to Japan hospitals

Health News (Reuters) - Fri, 05/08/2020 - 10:59
Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic.
Categories: Health

Russia's coronavirus cases rise by more than 10,000 for sixth straight day

Health News (Reuters) - Fri, 05/08/2020 - 10:53
The number of new coronavirus cases in Russia rose by 10,699 over the past 24 hours, bringing the nationwide tally to 187,859, the coronavirus crisis response centre said on Friday.
Categories: Health

Malaysia reports 68 new coronavirus cases with no new deaths

Health News (Reuters) - Fri, 05/08/2020 - 10:51
Malaysian health authorities on Friday reported 68 new coronavirus cases, bringing the cumulative total to 6,535 cases.
Categories: Health

Philippines' coronavirus deaths inch closer to 700

Health News (Reuters) - Fri, 05/08/2020 - 10:20
The Philippines' Health Ministry on Friday recorded 11 new coronavirus deaths and 120 additional confirmed cases.
Categories: Health

Scientist advising UK government on coronavirus steps down after lockdown breach

Health News (Reuters) - Fri, 05/08/2020 - 10:00
A British scientist advising the government on its coronavirus response resigned from his role on Tuesday, after the Daily Telegraph reported he had broken lockdown rules by meeting a female friend.
Categories: Health

Japan's Sharp halves full-year profit forecast as virus hits tech demand

Technology News (Reuters) - Fri, 05/08/2020 - 10:00
Japan's Sharp Corp, an Apple Inc supplier, cut its full-year profit forecast by 48% on Friday, as demand for technology devices took a hit from the coronavirus outbreak.
Categories: Technology

Siemens has secured 3 billion euro loan for Energy spin-off: BBG TV

Technology News (Reuters) - Fri, 05/08/2020 - 09:40
Siemens has secured a 3 billion euro ($3.25 billion) loan that will be transferred to the group's Energy unit, which is scheduled to be spun off at the end of September, Chief Executive Joe Kaeser told Bloomberg TV on Friday.
Categories: Technology

Copper takes aim at COVID-19 with virus-killer coatings

Health News (Reuters) - Fri, 05/08/2020 - 09:17
At an outer suburban manufacturing plant, engineer Byron Kennedy is resetting a machine to spray-print a layer of copper on to a door handle, aiming to use the metal's antiviral properties to counter the threat of the COVID-19 pandemic.
Categories: Health

Siemens prepares for COVID-19 trough to last 6-9 months: CNBC

Technology News (Reuters) - Fri, 05/08/2020 - 09:11
Siemens is preparing for a prolonged economic trough triggered by the COVID-19 pandemic, Chief Executive Joe Kaeser told CNBC on Friday after releasing fiscal second-quarter results.
Categories: Technology

Siemens sees sales decline of up to 5% for 2020 financial year

Technology News (Reuters) - Fri, 05/08/2020 - 08:54
Siemens Chief Financial Officer Ralf Thomas said the moderate sales decline expected by the German industrial company for its 2020 business year would mean a decline of up to 5%.
Categories: Technology

Siemens steps up cost-saving programme to tackle coronavirus downturn

Technology News (Reuters) - Fri, 05/08/2020 - 07:57
German industrial company Siemens is accelerating its cost-savings programme to deal with the impact of the coronavirus pandemic, Deputy Chief Executive Roland Busch said on Friday.
Categories: Technology

U.S. doctors want details on federal distribution of Gilead coronavirus drug

Health News (Reuters) - Fri, 05/08/2020 - 07:49
The Infectious Disease Society of America (IDSA) is asking for more information on the federal government's plan for deciding how and where to supply the only drug so far shown to help patients infected with the novel coronavirus.
Categories: Health

India's Reliance strikes third unit stake deal, raising $8 billion in two weeks

Technology News (Reuters) - Fri, 05/08/2020 - 07:47
India's Reliance Industries Ltd on Friday announced a $1.5 billion stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt.
Categories: Technology

Michigan, California move to reopen factories as U.S. jobless ranks grow

Health News (Reuters) - Fri, 05/08/2020 - 07:41
Michigan and California, two U.S. manufacturing powerhouses, acted on Thursday to allow factories to reopen from coronavirus lockdowns over the next few days, as millions more Americans joined the ranks of workers left jobless by the pandemic.
Categories: Health
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