Business

Japanese gaming company Nintendo confirms coronavirus impact on product manufacturing, with Foxconn factories closed and potential delays for Switch consoles and Ring Fit Adventure game shipments.

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.

International law firm Appleby faced severe criticism after the 2017 Paradise Papers leak, exposing 13.4 million confidential documents detailing offshore financial transactions of wealthy and influential individuals worldwide, highlighting regulatory failures in terrorist financing and money laundering prevention.

Mike Lynch, former Autonomy CEO, has been arrested over fraud charges related to the company's sale to Hewlett-Packard. Prosecutors allege Lynch and his executives inflated profits for three years, causing HP to overpay £8.4bn for the software company, which was later written down to £6.7bn.

A senior Goldman Sachs executive was permanently barred from banking after his involvement in the 1MDB fraud case. The Federal Reserve found Andrea Vella engaged in unsafe practices by arranging bond issues and failing to disclose key information about financier Low Taek Jho's involvement in the transactions.

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.

International firms temporarily close mainland outlets as novel coronavirus kills over 200 and infects nearly 10,000 globally. Automobile and tech giants like General Motors respond quickly to pandemic development, prioritizing employee safety and virus containment.

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.