Taiwan’s TSMC to build Arizona chip plant as U.S.-China tech rivalry escalates
Taiwan Semiconductor Manufacturing Co Ltd, the biggest contract chipmaker, said it plans to build a $12 billion factory in Arizona in an apparent win for...
Cathay Pacific losing money, says business outlook remains ‘very bleak’
Cathay Pacific Airways Ltd said on Friday it made an unaudited loss of HK$4.5 billion ($580.53 million) at its full-service airlines in the first four...
Australia’s Westpac files defence in money-laundering case
Australia’s second largest bank Westpac Banking Corp on Friday said it has filed its defence in a case where it is accused of 23 million...
Taiwan rejects China’s main condition for WHO participation
Taiwan’s health minister rejected on Friday China’s main condition for the island to be able to take part in the World Health Organization (WHO) –...
South Korea, China, Japan to hold video meeting on coronavirus
The health ministers of South Korea, China and Japan will get together by video conference on Friday to discuss ways to work together in the...
Airline industry not likely to recover for at least a year: Southwest CEO
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months, Southwest Airlines Co Chief Executive...
Amazon Prime snags Bollywood premieres as pandemic closes theatres
Amazon Prime Video, Amazon’s streaming service, said it will screen several new Indian films that were originally meant for theatrical release on its platform, starting...
Asia shares struggle as coronavirus strains U.S.-China relations
Asian stocks struggled to extend gains on Friday and were on course to end the week lower as deteriorating U.S.-China relations undercut optimism over the...
Coronavirus likely hammered U.S. retail sales again in April
U.S. retail sales likely endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the...
South Korean coronavirus test maker Osang ready to ship 100 million kits to U.S.
Osang Healthcare Co, the first South Korean maker of coronavirus test kits to win preliminary approval from the U.S. Food & Drug Administration, is ready...