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| Walmart online sales ups 74% thanks to pandamic |
5/20/2020 |
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Online sales in the U.S. jumped 74%, fueled by a rush on canned foods, paper towels and other crucial supplies needed as people sheltered in place. Same-store sales rose 10% at U.S. Walmart stores on strong sales of food, health and wellness goods.
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| Jack Ma steps down from SoftBank's board |
5/19/2020 |
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Tokyo-based SoftBank announced Ma's resignation Monday, ahead of releasing financial results. It did not say why he was leaving. Ma, co-founder of Chinese e-commerce giant Alibaba, has been focusing on philanthropy lately, such as donating masks and test kits to help in the efforts against the new coronavirus pandemic.
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| European countries plan to reopen borders widely |
5/19/2020 |
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New infections and deaths have slowed considerably in Europe, where some countries started easing lockdowns a month ago. Many nations are preparing to open their borders next month, trying to sketch out the rules for a highly unusual summer tourist season.
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| Latest sanctions on Huawei include cut off from TSMC |
5/19/2020 |
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Huawei has few alternatives if Washington refuses to allow its suppliers to use U.S. technology. The company has developed some of its own chips but even the biggest non-U.S. manufacturers such as Taiwanese giant TSMC need American components or production equipment.
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| There will be a lot of virus vaccine tested this Summer |
5/18/2020 |
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At least four or five possible vaccines “look pretty promising” and one or two will be ready to begin large-scale testing by July with others to follow soon, NIH Director Francis Collins told The Associated Press.
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| Trump promotes : "Supply Chains out of China" |
5/18/2020 |
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President Donald Trump says the coronavirus pandemic highlights the importance of U.S. manufacturing and moving supply chains out of China, a rival he blames for not doing enough to slow the spread.
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| U.S. industrial production shrinked by 11.2% |
5/18/2020 |
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Industry was running at 64.9% of capacity last month, shattering the previous record low set in the Great Recession year 2009. Factory capacity utilization also hit a record low 61.1%.
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| India PC shipment declined by 17% |
5/15/2020 |
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This decline was registered across all product categories and can be attributed largely to the supply issues faced by the vendors due to COVID-19, which impacted the manufacturing and logistics arms of vendors in China.
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| Huawei/ZTE ban extended for a year |
5/15/2020 |
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The order invoked the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. U.S. lawmakers said Trump’s 2019 order was aimed squarely at Chinese companies like Huawei Technologies Co and ZTE Corp.
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| Mexico to reopen essential industries |
5/14/2020 |
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Mexico’s top advisory body on the coronavirus pandemic said Tuesday it has issued guidelines that would allow for the re-opening of construction, mining, and car and truck manufacturing.
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| Month-to-month consumer price index fell |
5/13/2020 |
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The widespread business shutdowns, reduced travel and shrunken consumer spending that the virus has caused have likely sent the U.S. economy into a severe recession. The resulting drop in economic activity is exerting a powerful downward force on prices throughout the economy.
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| Qualcomm has introduced Snapdragon 768G 5G chip |
5/12/2020 |
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It has improved GPU performance and 20% higher CPU power than the previous model. There are also rumors that the upcoming Google Pixel 5 may be the first one to get this highly-powered processor.
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| China’s direct investment in the United States dropped to the lowest |
5/12/2020 |
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A report out Monday from the National Committee on U.S.-China Relations and the Rhodium Group consultancy found that China’s direct investment in the U.S. dropped from $5.4 billion in 2018 to $5 billion last year, the lowest level since the recession year of 2009.
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