Business

Airbnb has banned individuals under 25 from booking entire properties in Canada after a fatal incident in Toronto. The new policy affects young adults at the legal age of majority, drawing criticism for punishing all young renters instead of addressing specific security concerns.

TCL Communications announced it will cease producing BlackBerry-branded phones in August 2020, ending a partnership that began in 2016 when the Chinese tech company started making Android devices for the iconic brand.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies are advancing their meeting to address sharp oil price declines caused by coronavirus concerns. With China's economic slowdown and global market uncertainty, the joint technical committee will evaluate potential production cuts to stabilize oil prices.

Singapore has updated its Global Investor Programme (GIP) to create more opportunities for international entrepreneurs. The revised scheme aims to attract high-performing businessmen by simplifying the Permanent Residence (PR) application process and supporting the country's banking and finance sector growth.

The Allied Pilots Association (APA) filed a lawsuit against American Airlines to stop US-China flights, citing safety concerns during the coronavirus pandemic. The union seeks a temporary restraining order, highlighting the need to protect crew and passenger well-being amid global health risks.

The Malaysian Rubber Glove Manufacturers Association reports surging demand for medical gloves as the coronavirus spreads. MARGMA President Denis Low confirms urgent requests from China and pledges to prioritize supply to affected regions, with manufacturers increasing production to meet critical healthcare needs.

Starbucks, the world's largest coffee chain, closed half of its Chinese stores due to coronavirus, adjusting operating hours and delaying 2020 profit forecasts. The outbreak has significantly impacted the company's operations in its biggest market outside the United States.

Following Kobe Bryant's sudden death, fans worldwide rushed to purchase memorabilia, causing Lakers jerseys, Nike shoes, and commemorative items to sell out rapidly. Nike confirmed complete sellout of Bryant's merchandise, redirecting website visitors to a memorial statement about the tragic helicopter crash.

Taiwanese electronics giants Acer and Asustek remain among world's top PC manufacturers, ranking 5th and 6th respectively in global shipments with 14.76 and 14.48 million units sold in 2019, though experiencing slight market share reductions.

Wuhan, China's "motor city," faces severe economic challenges as coronavirus lockdown halts operations for major automobile manufacturers like Renault, Honda, and PSA Group, potentially exacerbating existing automotive sector recession.