Blogroll

China has allowed 200 employees from South Korea's Samsung Electronics Co Ltd to enter the country to work on an expansion of the firm's NAND memory chip factory, the company said on Wednesday.

Softbank Group-backed OYO Hotels and Homes has cut the salaries of all employees by 25% for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.

Facebook will spend $5.7 billion for 10% of Reliance Industries's digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.

Netflix Inc more than doubled its own projections for new customers as quarantined audiences binged on series such as "Tiger King," but the company predicted a weaker second half of the year if stay-at-home orders to fight the coronavirus are lifted.

China's banking and insurance regulator said on Wednesday it had detected sales of banking and insurance sector customer data overseas by criminals, without specifying how many individuals had been affected.

U.S. coronavirus deaths topped 45,000 on Tuesday doubling in a little over a week and rising by a near-record amount in a single day, according to a Reuters tally.

Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.

Republican lawmakers in Wisconsin on Tuesday filed a lawsuit against Democratic Governor Tony Evers, challenging his stay-at-home order to contain the coronavirus outbreak as states' decisions on when to re-open their economies have become increasingly political.

Mainland China reported on Wednesday 30 new coronavirus cases, 23 of which were so-called imported cases involving travellers from overseas, up from 11 a day earlier.

Demand for plant-based protein foods is surging in Asia, suppliers say, as suspicion over possible links between wild animal meat and the new coronavirus drives some consumers, particularly in Hong Kong and mainland China, to rethink diets.

U.S. President Donald Trump agreed to have the federal government help procure chemical reagents and other supplies needed for New York to double its testing capacity for the novel coronavirus, New York Governor Andrew Cuomo said on Tuesday.

Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese gaming company.

Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.

Mexico registered a jump of more than 700 confirmed coronavirus cases on Tuesday, to reach a total of 9,501 cases, health ministry officials told reporters at a regular briefing.

A second wave of the coronavirus is expected to hit the United States next winter and could strike much harder than the first because it would likely arrive at the start of influenza season, the director of the Centers for Disease Control and Prevention warned on Tuesday.

Quest Diagnostics Inc said on Tuesday it has started testing using blood samples to detect COVID-19 antibodies and expects to ramp up capacity over the coming weeks as public health experts push for wider testing in the United States.

Susan Morrison lost her 39-year-old stepbrother, Lawrence Jones, from coronavirus complications on April 8. A day later, her 83-year-old father, Feaster Dorsey, also became a COVID-19 victim.

Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.

Snap Inc on Tuesday beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people seek entertainment while they stay at home during the global coronavirus pandemic.

An old malaria drug touted by U.S. President Donald Trump as a "game changer" in the fight against the coronavirus provided no benefit and potentially higher risk of death for patients at U.S. veterans hospitals, according to an analysis that has been submitted for expert review.