Cost of China's anti-virus fight rises with workers idle

Industries from auto sales to travel to retailing effectively shut down after curbs were imposed starting January 23 with the suspension of most access to Wuhan, an industrial metropolis of 11 million people at the center of the coronavirus outbreak.

US increasing tariffs on Airbus planes to 15 percent from 10 percent

The announcement from the office of the United States Trade Representative came just days after President Donald Trump said it was time to talk "very seriously" about a trade deal with the EU.

World defence spending spikes as rivalries heat up

The International Institute for Strategic Studies (IISS) said the four percent rise, compared to a year earlier, was fuelled by competition between major powers, new military technologies and rumbling warfare from Ukraine to Libya.

US brings new charges against Chinese tech giant Huawei

New charges, including a federal racketeering allegation, add to an indictment unsealed in January 2019 that said Huawei stole trade secrets from US carrier T-Mobile. Huawei disputed the allegations, calling them “without merit."

Turkey's Arcelik files patent lawsuit against LG

Turkish white goods producer Arcelik claimed that LG Electronics used the firm's washing machine technology, named 'Direct Drive', in its devices under another name – '6 motion' which is unlicensed.

Mobile World Congress in Barcelona called off over coronavirus fears

GSMA telecoms association that hosts the get-together said it had cancelled the Feb 24-27 event despite assurances from local and national health officials that it would have been safe to hold it.

Nissan files $90 million suit against Ghosn

Former Nissan chairman Carlos Ghosn faces multiple charges of financial misconduct in Japan but fled to Lebanon before he could face trial.

Boeing sounds alarm about virus impact on aviation

Major airlines have halted flights in and out of China, while several countries have banned arrivals from the virus-hit region.

Samsung unveils foldable Galaxy Z phone, challenging Apple design and tech

The foldable-glass Galaxy Z Flip, which looks like a large makeup compact folded up and expands to look like most smartphones, features foldable glass and will come in purple, gold and black, executives say

Trump's $4.8 trillion budget likely to get thumbs-down from Congress

Democrats are expected to object to the deep spending cuts on domestic programs, while some Republicans may raise concerns over debt and deficits.

Xerox sweetens offer to buy HP

Xerox says its latest offer comprises $18.40 in cash and 0.149 Xerox shares for each HP share and that it plans to launch a tender offer on or around March 2.

Britain 'reasonably confident' of US trade deal despite Huawei concerns

The UK is in talks with America, Australia, Canada, and others on future technological innovations that could challenge Huawei's dominance in the field, foreign secretary Dominic Raab says.