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Companies feel impact of coronavirus outbreak in China

Some companies have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: * Electrolux said the epidemic could have a material impact if its Chinese suppliers were...

Apple closes China stores until Feb 9 due to virus

Apple announced on Saturday the closure of its stores, corporate offices and contact centres in mainland China until February 9 due to the new coronavirus epidemic. The virus has prompted the government extend the Lunar New Year holiday through this weekend in a bid to contain its spread,...

Libya says oil shutdown losses have risen to $560 million

Losses from the closures of Libya's major oil fields and production facilities have continued to increase, surpassing $560 million for a 10-day period, the country's national oil company said. The closures came about when powerful tribal groups loyal to Libyan military commander Khalifa...