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Fujifilm Shares Skyrocket As China Says Its Flu Medicine Works For Coronavirus
Wednesday, March 18, 2020 - 5:03am | 316The shares of FUJIFILM Holdings Corporation (OTC: FUJIY) hit their daily permissible high limit on Wednesday's open in Tokyo. What Happened The massive jump in an otherwise bearish market came as China suggested that an influenza medicine developed by subsidiary FUJIFILM Toyama Chemical Co. Ltd...
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Toyota Partners With China's Momenta To Commercialize HD Maps For Self-Driving Vehicles
Wednesday, March 18, 2020 - 4:01am | 380Toyota Motor Corporation (NYSE: TM) has partnered with Beijing-based artificial intelligence startup Momenta to commercialize its high definition road map for automated vehicles, the Nikkei Asian Review reported Wednesday. What Happened "With this joint development, both companies aim to...
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Angry Chinese Customers Threaten To Boycott Tesla
Thursday, March 5, 2020 - 6:06am | 381Tesla Inc.’s (NASDAQ: TSLA) China-made Tesla's Model 3 cars have been shipped with older and slower chips, the carmaker admitted on Tuesday. What Happened Customers who bought Tesla's Model 3 cars shipped out of the company’s Shanghai factory are threatening litigation, accusing...
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iPhone Maker Foxconn Expects 15% Q1 Revenue Hit From Coronavirus, Says Production Rebounding
Wednesday, March 4, 2020 - 1:21am | 428Taiwanese consumer electronics manufacturer Hon Hai Precision Co. Ltd. (OTC: HNHPF) expects its production in China to return to a regular pace by the end of March, Chairman Young-Way Liu said in an investors call Tuesday, according to a Nikkei Asian Review report. The Coronavirus Impact On Foxconn...
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US Poised to Tighten Travel Restrictions Further As Global Coronavirus Threat Looms
Wednesday, March 4, 2020 - 12:36am | 318International travelers to the United States may soon face more restrictions aimed at curbing the spread of the coronavirus, David Pekoske, the administrator of the Transportation Security Administration, said while speaking before the U.S. Senate Appropriations Committee’s homeland...
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Samsung Starts Work On $220M R&D Center In Vietnam
Monday, March 2, 2020 - 5:51am | 439Samsung Electronics Co. Ltd. (OTC: SSNLF) has started work on a planned research and development center in Vietnam, the company announced Monday. What Happened The R&D center to be built in the capital city Hanoi will cost about $220 million, according to Samsung. The center is expected to...
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Tesla And Panasonic Are No Longer Producing Solar Cells Together
Wednesday, February 26, 2020 - 4:57am | 297Tesla Inc.’s (NASDAQ: TSLA) joint venture with its Japanese partner Panasonic to produce solar roof tiles has come to an end. What Happened Tesla is ending its joint venture with Panasonic Corp (OTC: PCRFY) after years of trying to produce solar cells in their New York state Gigafactory 2,...
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Apple Low-Cost iPhone Production Delayed, Hit By Coronavirus
Wednesday, February 19, 2020 - 4:21am | 391Mass production of Apple Inc.’s (NASDAQ: AAPL) new low-cost iPhone, as well as inventories of existing models, could be hit by the Covid-19 epidemic in China. What Happened The schedule for the production of Apple’s more affordable iPhone models may be derailed by the ongoing Covid...
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Tesla Model 3 Teardown Finds Technology Years Ahead Of Established Automakers
Tuesday, February 18, 2020 - 3:28pm | 546Tesla Inc's (NASDAQ: TSLA) core computing technology, which will allow autonomous operation, is "far ahead" of other carmakers' computing, according to a "tear-down" of the vehicle and review by Nikkei Asian Review. The company deconstructed the Tesla Model 3, the...
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iPhone Maker Foxconn Makes Masks For Chinese Employees, Forces Them To Return To Work
Friday, February 7, 2020 - 7:02am | 604Electronics manufacturer Hon Hai Precision Co. Ltd. (OTC: HNHPF), better known as Foxconn, is making its own line of surgical masks as it seeks to restart production in China. What Happened Foxconn has been running test production of the masks at its Lunghua manufacturing centre since February 5,...
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Global Sugar Prices See Surge As Supply Shrinks From Asia, Oil Prices Rise
Friday, January 24, 2020 - 6:07am | 348Sugar prices have been experiencing a global surge due to the reduced supply coming in from India and Thailand, as the countries suffer from poor weather conditions, the Nikkei Asian Review reported Friday. Shrinking Supply The recent surge in oil prices as tensions between the...
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Mitsubishi Motors' Shares Fall Following Raids By German Authorities
Wednesday, January 22, 2020 - 7:22am | 471Mitsubishi Motors (OTC: MMTOF) shares fell sharply after authorities raided facilities associated with the company’s German subsidiary on Tuesday over suspected diesel emissions fraud, according to Nikkei Asian Review. What Happened German prosecutors raided ten business premises...
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Huawei CFO Extradition Hearings Begin In Canada
Tuesday, January 21, 2020 - 10:56am | 306Huawei CFO extradition trial has started in Canada, Nikkei Asian Review reports. What Happened The extradition hearing started on Monday in a court in Vancouver, British Columbia. The court will decide whether Meng Wanzhou, Huawei chief financial officer who is accused of bank fraud and...
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Japan Govt. Rebukes Former Nissan Chairman's Claims About Brutal Treatment, Political Persecutions
Thursday, January 9, 2020 - 6:57am | 413Less than a day after former Nissan Motor Company Ltd. (OTC: NSANY) Chairman Carlos Ghosn spoke against the Japanese legal system, the country's government has countered with a response. Japan Reacts "Ghosn has fled from a criminal trial. That is not acceptable under any country's...
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Mergers, Acquisitions In Japan Could Lose Momentum Amid Global Recession Fears
Wednesday, January 8, 2020 - 11:51am | 246Japanese M&A activity could slow down this year amid concerns of a global economic downturn and the country's slower corporate reform pace, according to Nikkei Asian Review. What Happened M&A deals in Japan reached an all-time high in 2019, thanks mainly to the government...