China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's second-biggest economy, setting a sombre tone to this year's meeting of parliament.
Abbott Laboratories on Thursday said an analysis of data from an ongoing study of its ID NOW rapid test, which is used in the White House and elsewhere to spot COVID-19, shows it is highly accurate when compared with industry-standard tests.
The COVID-19 pandemic has dramatically changed the short-term outlook for global vehicle manufacturing industry and sales, including sales of electric vehicles (EVs). But policy actions to support decarbonization and lower-emission transportation in the post-virus world could accelerate the energy transition and displace larger volumes of oil demand for road transport to the point of bringing…
How has COVID-19 transformed consumer spending trends so far? We look at credit and debit card spending of 5 million U.S. consumers across 18 categories. The post How U.S. Consumers are Spending Differently During COVID-19 appeared first on Visual Capitalist.
Wang Zhenxiang, a grocery owner in Shanghai, recently rushed out and bought several hundred safety helmets for 30 yuan each (US$4.20). The 35-year-old is now making a killing, selling the helmets for 85 yuan each.He is one of many scalpers enjoying a windfall, thanks to a new law requiring China’s 300 million e-scooter riders to wear protective headgear from the beginning of June.The get-rich-…
Japan is closely communicating with relevant U.S. authorities following the U.S. arrest of two men on charges they enabled former Nissan Motor Co chairman Carlos Ghosn to escape from Japan last year, a Japanese government source said on Thursday.
Chinese Premier Li Keqiang said on Friday that the government wouldn’t set an economic target for 2020, in a stark acknowledgment of the challenges facing the world’s second-largest economy as it continues to grapple with the uncertainties around the coronavirus pandemic, reported the Wall Street Journal. The lack of an official growth forecast, the first […]
U.S. electric vehicle maker Tesla Inc's China car registrations slumped 64% in April, month on month, data from auto consultancy LMC Automotive showed.
AstraZeneca Plc said on Thursday it had received the first agreements to supply at least 400 million doses of the COVID-19 vaccine it is developing with the University of Oxford.
Walt Disney's top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok.
First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague is coming for the oil industry, and it could be the most devastating yet. Calling it a plague is quite unfair, really. The third challenge for the oil industry is the green recovery that environmentalists started talking about during the…
In a note on Thursday, Michael Hartnett, Bank of America's chief investment strategist, outlined six reasons the stock market has continued to rally amid dismal economic data.
One reason could be "fake markets," Hartnett said.
"Government and corporate bond prices have been fixed by central banks ... Why would anyone expect stocks to price rationally?" he wrote.
Scientists in Singapore are developing a vaccine for the coronavirus, with hopes that early-stage clinical trials could come as soon as next month, according to a professor at Duke-NUS Medical School.