Mattel will close Canada factory after shuttering two manufacturing sites in Asia: WSJ
Mattel Inc will close a factory in Canada after shutting down two plants in Asia, as the toymaker reduces its manufacturing footprint to cut costs, the Wall Street Journal said on Sunday.
China’s Shenzhen denies blocking Apple supplier Foxconn from resuming production
Local Chinese authorities have not blocked Apple supplier Foxconn from resuming production amid a coronavirus outbreak, they said in a statement on Sunday, denying an earlier report in the Nikkei Business Daily.
China’s Shenzhen says Foxconn to resume operations after inspections
The local government of the city of Shenzhen in southeastern China said on Sunday it had not blocked plans by Apple supplier Foxconn to resume production, adding that the company would restart once inspections were completed.
U.S. energy secretary hopes Mexico, Canada will help export American coal
U.S. Energy Secretary Dan Brouillette said on Friday that Canada and Mexico could help export U.S. coal to Asia to get around the blocking of shipments by West Coast states concerned about the impact of the fuel on climate change.
Anti-Huawei UK lawmakers conducting ‘witch-hunt’: Chinese ambassador
Senior members of Prime Minister Boris Johnson’s Conservatives who have demanded Chinese telecoms giant Huawei must not have a role in Britain’s 5G mobile network are conducting “a kind of witch-hunt”, China’s ambassador to London said on Sunday.
Route cuts intended to make South African Airways sustainable: rescue team
Plans to cut some of South African Airways’ (SAA) domestic and international routes are aimed at making the airline sustainable and free from government funding after restructuring, experts appointed to try to rescue the company said on Sunday.
Tesla can get support for German factory: Economy Minister
Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country’s economy minister told a weekly newspaper.
Exclusive: South Africa seeks to unlock stalled arms sales to Saudi, UAE
South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters.
Volkswagen says restart of some China plants postponed until February 17
Volkswagen has postponed restarting production at most China plants in its joint venture with SAIC Motor and the Tianjin plant in its JV with FAW Group until Feb. 17 amid the coronavirus epidemic.
Credit Suisse chairman expects to see out term after spy scandal
Credit Suisse Chairman Urs Rohner does not expect to be voted out of office before his term ends after this week’s departure of Chief Executive Tidjane Thiam over a spying scandal.
