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Central America factories shutter as virus dents demand

2020-03-26 12:39:00| Daily apparel & textile news and comment - from just-style.com

Mexican and Central American garment factories are shutting down as regional governments respond to the coronavirus outbreak and US demand slumps as retailers face widespread shutdowns to contain the global health emergency.

Tags: central america demand virus

 

Huawei CEO says R&D push to help offset US sanctions, virus impact

2020-03-26 10:23:00| Telecompaper Headlines

(Telecompaper) Huawei CEO and founder Ren Zhengfei has acknowledged the company's sales are suffering outside China due to the US sanctions as well as the spread of the coronavirus. However, in interviews with the Wall Street Journal and South China Morning Post, he said the company had quickly resumed production in China and was spending heavily on R&D to ensure it maintains its technological lead. 

Tags: us impact virus push

 
 

Coronavirus: Asian 'poster child' heads for recession due to virus

2020-03-26 08:01:15| BBC News | Business | UK Edition

Singapore's sharp slowdown suggests a major contraction for a world economy battling coronavirus.

Tags: due child poster asian

 

Coronavirus: Bank branches close as virus affects access

2020-03-24 14:29:19| BBC News | Business | UK Edition

Customers should only call phone lines for the most urgent need, to allow vulnerable people to get through.

Tags: close access bank virus

 

H&M mulls job cuts as virus impact grows

2020-03-24 11:35:00| Daily apparel & textile news and comment - from just-style.com

Swedish fashion retailer H&M Group is mulling job cuts as the global spread of coronavirus continues to impact its operations.

Tags: job impact virus cuts

 

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