Business News
Global smartphone output to plunge by June quarter record 16.5 per cent TrendForce
2020-04-30
Global smartphone production is expected to slow a record 16.5 percent to 287 million phones in the June quarter from a year earlier as demand for coronavirus pandemic muzzles, TrendForce said, despite supply chains resuming after weeks of shutdown.
Geely's Volvo Cars notice 1,300 Swedish white-collar staff
2020-04-29
Volvo Car Group, owned by China's Geely Holding, announced on Wednesday that it was giving redundancy notice to 1,300 white-collar workers in Sweden as the impact of the pandemic increased the urgency of reducing structural costs.
Daimler sees profits rise in Mercedes-Benz Cars by 2020
2020-04-29
Daimler said it expected its Mercedes-Benz Cars & Vans division's full-year operating profit to be above the level of the previous year, but warned that the coronavirus pandemic will push the group to a second quarter operating loss.
First-quarter Airbus profit plunges as the coronavirus crisis begins to bite
2020-04-29
Airbus posted a 49 percent slump in the core profit for the first quarter on Wednesday and called for an industry-wide campaign to restore confidence in flying after the coronavirus pandemic triggered "the worst crisis ever known to the aerospace industry."
Exclusive Amazon turns to U.S. blacklist Chinese firm to meet the needs of thermal camera
2020-04-29
Amazon.com Inc. purchased cameras to take workers' temperatures during the coronavirus pandemic from a company blacklisted by the United States on allegations that it helped China detain and monitor the Uighurs and other Muslim minorities, three people familiar with the matter told Reuters.