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Markets

Foxconn says cautiously resuming China output, warns coronavirus will hit revenue

Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the coronavirus epidemic.

Markets

Volkswagen CFO will leave in summer next year: Manager Magazin

Volkswagen finance chief Frank Witter will leave the German car group in the summer of 2021, business publication Manager Magazin reported on Thursday.

Markets

BAE Systems predicts 2020 growth despite Saudi ban

Britain's BAE Systems forecast another year of growth in 2020, saying the company was well-placed to take advantage of increased defence spending that could help to offset any future impact from a German ban on arms exports to Saudi Arabia.

Markets

Daimler slims down Mercedes management in efficiency drive

German cars and trucks maker Daimler said it would revamp the management of its finance, production and development portfolios to remove duplicate layers between Mercedes-Benz and Daimler AG.

Markets

Chip designer Dialog de-risks with US$500 million Adesto deal

Anglo-German chip designer Dialog Semiconductor is buying California-based Adesto Technologies for US$500 million to diversify further away from its reliance Apple, it said on Thursday.

Markets

MGM Resorts says was victim of data breach last year

US casino operator MGM Resorts International said on Thursday it was the victim of a data breach last year after an earlier report claimed that details of over 10.6 million hotel guests had been compromised.

Markets

South Korea’s Hynix says 800 workers to stay home after trainee had contact with virus patient

South Korean chipmaker SK Hynix said on Thursday that 800 of its workers had quarantined themselves as a precautionary measure to prevent the spread of the coronavirus, but its production in the city of Icheon has not been affected.

Markets

Audio book streamer Storytel sees strong growth ahead as fourth-quarter losses grow

STOCKHOLM: Swedish audio book streaming group Storytel on Thursday forecast continued strong growth in streaming revenues and paying subscribers in the first quarter as it reported bigger fourth-quarter losses than in the previous year. The company, which competes with the likes of Amazon's ...

Markets

SK Hynix says 800 workers to stay home after trainee had contact with virus patient

South Korean chipmaker SK Hynix said on Thursday that 800 of its workers had quarantined themselves as a precautionary measure to prevent the spread of the coronavirus, but its production in the city of Icheon has not been affected.

Markets

Israel’s Wix.com fourth-quarter profit down less than forecast, sees rise in 2020 revenue

Wix.com, which helps small businesses build and operate websites, reported a smaller than expected decline in profit in the fourth quarter and forecast a rise of about 25per cent in 2020 revenue.

Markets

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