
PepsiCo assures that chips, cola in China are safe from COVID-19
Jun 22, 2020 23:50 pm UTC| Business
PepsiCo asserted that its chips and cola manufactured in China had not been impacted by COVID-19, with the novel coronavirus having a zero percent chance of surviving the whole product supply chain. The Beijing branch...

Japan-based Euro firms bemoan government's travel restrictions
Jun 22, 2020 23:42 pm UTC| Business
European Business Council called on Japan to ease pandemic-induced travel restrictions, saying these are too tough and risk driving away foreign investment. Michael Mroczek, president of the European Business Council in...

Shares of Virgin Galactic gain 15.9% due to NASA agreement
Jun 22, 2020 23:30 pm UTC| Business
Virgin Galactics shares surged 15.9 percent to close at $17.39 after it signed an agreement with NASAs Johnson Space Center to train astronauts for trips to the International Space Station. Under the Space Act...

Toshiba to sell stake in 'volatile' memory chips business
Jun 21, 2020 23:17 pm UTC| Business
Toshiba Corp. plans to gradually unload its 40.2 percent stake in Kioxia Holdings when the latter lists its shares in an IPO later this year. So far, Toshiba has not finalized its decision over its stake in Kioxia, the...

Zoom gains 900% more users in UAE
Jun 21, 2020 23:02 pm UTC| Business
Zoom Video Communications gained 900 percent in the number of users in the UAE four weeks after relaxing the ban on voice over internet protocol apps. According to Sam Tayan, Zooms managing director for the Middle East...

Lotte, Shilla to begin selling duty-free products in stores and online
Jun 21, 2020 15:59 pm UTC| Business
Lotte and Shilla will begin selling duty-free products locally next week via local retail channels and online sales platforms. The government temporarily permitted such transactions to help the sector with the pandemic...

Samsung Heavy's preferred shares plummet as investors sell
Jun 21, 2020 15:52 pm UTC| Business
Preferred shares of Samsung Heavy Industries Co. tumbled by 20.43 percent to close at 592,000 won on the Seoul bourse on Friday as retail investors sought to cash in part of gains. The drop snapped a winning streak of...