Coronavirus live updates: Sanofi working on vaccine with US health agency, Jaguar faces parts shortage

As of Tuesday, more than 73,400 cases of the coronavirus have been confirmed, including at least 1,874 deaths.

'Chernobyl-like' response by China means 'worst is yet to come' for coronavirus, Raymond James says

Raymond James warned that the "worst is yet to come" as the coronavirus outbreak rages on.

Trump pardons Michael Milken, face of 1980s insider financial scandals

Milken, 73, originally was sentenced to 10 years in prison, but that punishment was later reduced to two years locked up after he cooperated with federal investigators.

EU says it will look closer at smaller acquisitions made by big tech firms after 'shopping spree'

Europe has been a hot bed of technology acquisitions by major U.S. firms over the last decade, but those purchases have warranted little attention from regulators. That could be about to change.

Jaguar Land Rover's UK output threatened by coronavirus-linked parts shortage

Jaguar Land Rover has enough parts from China to maintain its British production for the next two weeks but not beyond that at the moment due to the impact of the coronavirus outbreak, the firm's boss said on Tuesday.

Coronavirus is more fatal in men than women, major study suggests

Men have a higher risk of death than women from COVID-19, Chinese researchers concluded in the largest study on the outbreak.

Outside of the big 5 tech companies, earnings growth is zero

Goldman Sachs found that just 5 companies, including Apple and Amazon, have contributed to the S&P 500's EPS growth.

Apple shares slide after coronavirus guidance warning as its global suppliers are hammered

The stock decline came a day after Apple said it does not expect to meet its own guidance for the March quarter due to the coronavirus.

These are the best cities for Asians living and working abroad

Southeast Asia's economic epicentre Singapore has once again been ranked as the best place in the world for East Asian expatriates.

Indian hospitality start-up Oyo fights to keep hotels open in China amid coronavirus outbreak

The hospitality chain is keeping locations open at reduced prices in the provinces most affected by the virus to support visiting doctors and people who've been stranded by travel restrictions.

Walmart changed the way it buys shopping bags and saved $60 million?and that's just one way it cut costs

Because of its scale as the world's biggest retailer, Walmart can save millions of dollars by making even the slightest tweaks to how it runs its business.

EU27 harden their stance for talks on new deal with Britain: Draft

The EU has hardened its stance for looming negotiations on a new deal with Britain, according to a draft seen by Reuters.

Market forecasts rely on an 'increasingly toxic cocktail' of promises, economist says

Economic forecasts for 2020 rely on an "increasingly toxic cocktail" of promises which could be derailed by supply chain disruption resulting from the coronavirus outbreak, according to Saxo Bank Chief Economist Steen Jakobsen.

Jaguar Land Rover unveils 'autonomy ready' electric car concept

The British automaker wants to launch on-road trials next year.

EU's top competition chief leaves door open for US stake in Nokia, Ericsson

U.S. Attorney General William Barr suggested the government take a stake in Nokia and Ericsson to stop Huawei's dominance of 5G.

Bill Gates bought himself a Porsche over a Tesla ? and Elon Musk just called him 'underwhelming'

After Gates said he bought himself an all-electric Porsche Taycan, Tesla's CEO took to Twitter to throw shade at the Microsoft co-founder.

US oil industry expected to cut spending by 10-15% and restructure, Dallas Fed says

The Dallas Fed, which has the Permian basin in its economic region, expects the oil and gas sector to cut spending by 10% to 15% in 2020.

As 'do-or-die' IMF talks draw to a close, Argentina faces prospect of another default

Argentina's government has said it needs to restructure $100 billion in debt, including $44 billion to the IMF.

UK government announces millions in funding for 'low carbon' hydrogen production

Hydrogen could have a significant role to play in the world's future energy mix.

HSBC misses expectations on 2019 pre-tax profit, will cut 35,000 jobs

HSBC's pre-tax profit for 2019 fell 33% to $13.35 billion, missing expectations.

A zoo experience with a $1,000 price tag is getting rave reviews

How does Canberra's National Zoo & Aquarium get visitors through the door with four-figure entrance fee? For starters, the cost for admission comes with an invitation to stay the night.

Franklin Resources to buy Legg Mason, forming $1.5 trillion asset manager

Franklin said in a press release that it agreed to acquire Legg Mason for $50 per share in an all-cash deal.

Walmart earnings and outlook fall short as holiday season disappoints

Walmart saw weak demand for toys, apparel and video games during the holiday season.

Singapore sets aside $4 billion to help businesses and households amid coronavirus outbreak

Singapore's finance minister, Heng Swee Keat, delivered his annual budget speech on Tuesday.

For Nasdaq Dubai, DP World's delisting is a 'huge loss,' says analyst

DP World's delisting from the Nasdaq Dubai is "negative" for the bourse, but doesn't represent a huge setback for the overall regional market, said Nishit Lakhotia, head of research at Sico.

Hospital director dies in China of the new coronavirus

A 51-year-old director of a Chinese hospital located in the city at the center of the coronavirus outbreak died Tuesday, adding to the number of medical staff who have lost their lives to the contagious disease.

Skype co-founder's venture capital firm just raised an $820 million fund to back European start-ups

Atomico plans to cash in on an ongoing "renaissance" in Europe's tech sector, investment partner Siraj Khaliq said.

China accuses US of hypocrisy over Huawei, highlighting claims it spied on German leader Merkel

China's foreign ministry spokesperson brought up old allegations that the U.S. spied on Germany leader Angela Merkel to accuse Washington of hypocrisy over its claims that Huawei is untrustworthy.

Boris Johnson's ousting of his finance minister could actually limit his options

Last week's surprise resignation of Sajid Javid, the U.K.'s short-lived finance chief, could limit Boris Johnson's ability to make personnel changes in the future.

Apple warns on revenue guidance due to production delays, weak demand in China because of coronavirus

Apple said in late January that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter.


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