Fall In China Coronavirus
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Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
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Shanghai Hits Key Milestone In Covid Battle As China Cases Fall
Shanghai said it detected no new COVID-19 cases outside quarantine areas on Friday, hitting a key milestone in its battle to contain the virus, which has paralysed the city of 25 million and seen Beijing scramble to avert a similar crisis.
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China's Shanghai Expands Covid Curbs. 26 Million People In Lockdown
China's commercial hub of Shanghai ground to halt on Friday after the government locked down most of the city's 26 million residents to stop the spread of COVID-19, even as official numbers put local cases falling for the second day in a row.
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China Daily Local Confirmed Covid Cases Fall To Nearly 2-Month Low
China reported on Friday the lowest daily tally of local confirmed COVID-19 cases in nearly two months, after a national strategy to quickly curb flare-ups forced worst-hit cities to lock down affected communities and cut business activity.
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China Auto Sales Head For Rebound This Year From 2% Fall in 2020
China's vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December as the country continued to lead the global automobile industry's recovery from the COVID-19 pandemic.
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Japan's Long Run Of Falling Exports Slows As Auto Demand Perks Up
Japan's exports extended declines in October but at the slowest pace in almost two years, helped by improvement in Chinese- and U.S.-demand for cars and other items as the world's third-largest economy emerged from its worst postwar slump.
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9,887 Coronavirus Cases In India In 24 Hours, Biggest One-Day Jump
India reported 9,887 new coronavirus cases in the last 24 hours in the biggest one-day spike so far, government data shows. There has been a minor fall in recovery rate compared to Friday, from 48.27 per cent to 48.20 per cent. The number of deaths reported in the last 24 hours is 294, taking the total in India to 6,642. The country has till now re...
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Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand
The group's total work hours had dropped by over 20 percent due to the outbreak, which also caused it estimated TWD 10 billion (roughly Rs. 2,530 crores) in additional costs, according to chief financial officer David Huang.
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iPhone SE (2020), China Discounts to Cushion Apple From Coronavirus Blow to Demand
Consumer spending is expected to be muted as the pandemic has crippled economies and Apple, the world's second-most valuable tech company, is better armed with the launch of its new price-conscious iPhone model, analysts said.
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China's Auto Sales Fall At A Slower Rate In March; Industry Expects Second-Half To Pick-Up
Auto sales in China plunged an annual 43.3% in March, data showed on Friday, as the world's biggest auto market struggles to get into gear following a prolonged demand slump that has been exacerbated by the coronavirus outbreak.
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No New COVID-19 Deaths Reported In China Today
China on Tuesday reported no new coronavirus deaths for the first time since it started publishing figures in January, just a day before it plans to lift travel curbs from the contagion's epicentre of Wuhan.
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BMW Sees Demand Falling Further After First-Quarter Sales Plunge Due To Coronavirus
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
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China's Dongfeng Reviews PSA Stake Sale After Price Fall
China's Dongfeng Motor Group is reviewing a deal with PSA to cut its stake in the French carmaker after a fall in share prices sparked by the coronavirus pandemic.
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Fall In China's Coronavirus Cases For 4th Day, Efforts To Heal Economy
China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world's second-largest economy.
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iPhone 12 Launch Might Be Delayed Because Apple Engineers Can’t Travel to China
Apple's restrictions on its engineers from travelling to Asia due to coronavirus has affected the development of its next-generation iPhone 12 which could result in a delayed fall launch.
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Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
-
Shanghai Hits Key Milestone In Covid Battle As China Cases Fall
Shanghai said it detected no new COVID-19 cases outside quarantine areas on Friday, hitting a key milestone in its battle to contain the virus, which has paralysed the city of 25 million and seen Beijing scramble to avert a similar crisis.
-
China's Shanghai Expands Covid Curbs. 26 Million People In Lockdown
China's commercial hub of Shanghai ground to halt on Friday after the government locked down most of the city's 26 million residents to stop the spread of COVID-19, even as official numbers put local cases falling for the second day in a row.
-
China Daily Local Confirmed Covid Cases Fall To Nearly 2-Month Low
China reported on Friday the lowest daily tally of local confirmed COVID-19 cases in nearly two months, after a national strategy to quickly curb flare-ups forced worst-hit cities to lock down affected communities and cut business activity.
-
China Auto Sales Head For Rebound This Year From 2% Fall in 2020
China's vehicle sales fell for a third consecutive year in 2020, but year-on-year sales rose for a ninth straight month in December as the country continued to lead the global automobile industry's recovery from the COVID-19 pandemic.
-
Japan's Long Run Of Falling Exports Slows As Auto Demand Perks Up
Japan's exports extended declines in October but at the slowest pace in almost two years, helped by improvement in Chinese- and U.S.-demand for cars and other items as the world's third-largest economy emerged from its worst postwar slump.
-
9,887 Coronavirus Cases In India In 24 Hours, Biggest One-Day Jump
India reported 9,887 new coronavirus cases in the last 24 hours in the biggest one-day spike so far, government data shows. There has been a minor fall in recovery rate compared to Friday, from 48.27 per cent to 48.20 per cent. The number of deaths reported in the last 24 hours is 294, taking the total in India to 6,642. The country has till now re...
-
Foxconn Sees Record Profit Fall as Coronavirus Guts Smartphone Demand
The group's total work hours had dropped by over 20 percent due to the outbreak, which also caused it estimated TWD 10 billion (roughly Rs. 2,530 crores) in additional costs, according to chief financial officer David Huang.
-
iPhone SE (2020), China Discounts to Cushion Apple From Coronavirus Blow to Demand
Consumer spending is expected to be muted as the pandemic has crippled economies and Apple, the world's second-most valuable tech company, is better armed with the launch of its new price-conscious iPhone model, analysts said.
-
China's Auto Sales Fall At A Slower Rate In March; Industry Expects Second-Half To Pick-Up
Auto sales in China plunged an annual 43.3% in March, data showed on Friday, as the world's biggest auto market struggles to get into gear following a prolonged demand slump that has been exacerbated by the coronavirus outbreak.
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No New COVID-19 Deaths Reported In China Today
China on Tuesday reported no new coronavirus deaths for the first time since it started publishing figures in January, just a day before it plans to lift travel curbs from the contagion's epicentre of Wuhan.
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BMW Sees Demand Falling Further After First-Quarter Sales Plunge Due To Coronavirus
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
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China's Dongfeng Reviews PSA Stake Sale After Price Fall
China's Dongfeng Motor Group is reviewing a deal with PSA to cut its stake in the French carmaker after a fall in share prices sparked by the coronavirus pandemic.
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Fall In China's Coronavirus Cases For 4th Day, Efforts To Heal Economy
China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world's second-largest economy.
-
iPhone 12 Launch Might Be Delayed Because Apple Engineers Can’t Travel to China
Apple's restrictions on its engineers from travelling to Asia due to coronavirus has affected the development of its next-generation iPhone 12 which could result in a delayed fall launch.
