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Tag: reports

Reports: Panasonic, Tesla to scrap solar panels partnership

Reports: Panasonic, Tesla to scrap solar panels partnership

Technology
Japanese electronics maker Panasonic has declined to comment on reports it is planning to end its partnership with Tesla to produce solar panels at a factory in New York stateByThe Associated PressFebruary 26, 2020, 7:03 AM2 min readTOKYO -- Japanese electronics maker Panasonic declined to comment on reports Wednesday that it is planning to end its partnership with Tesla to produce solar panels at a factory in New York state. The Japanese business daily Nikkei and other media reported, citing unnamed sources, that Panasonic is preparing to withdraw from the solar cell partnership, though it would continue making batteries for Tesla's electric vehicles. The company refused comment, and Tesla did not immediately respond to queries requesting comment. The two companies' agreement to work ...
Philippines reports 1st virus death outside of China

Philippines reports 1st virus death outside of China

Health
BEIJING -- The Philippines on Sunday reported the first death of a new virus outside of China, where authorities delayed the opening of schools in the worst-hit province and the World Health Organization told countries to prepare in the event the disease spreads among their populations. The Philippine Department of Health said a 44-year-old Chinese man from Wuhan was admitted on Jan. 25 after experiencing fever, cough, and sore throat. He developed severe pneumonia, and in his last few days, “the patient was stable and showed signs of improvement, however, the condition of the patient deteriorated within his last 24 hours resulting in his demise." The man's 38-year-old female companion, also from Wuhan, tested positive for the virus and remains in hospital isolation in Manila. She's the

China reports 4 more cases in viral pneumonia outbreak

Health
Four more cases have been identified in a viral pneumonia outbreak in a central Chinese city that has killed two and prompted the United States and others to take precautionary measuresByThe Associated PressJanuary 18, 2020, 8:57 AM2 min readBEIJING -- Four more cases have been identified in a viral pneumonia outbreak in the central Chinese city of Wuhan that has killed two people and prompted countries as far away as the United States to take precautionary measures. The latest cases bring to 45 the number of people who have contracted the illness, the Wuhan Municipal Health Commission said Saturday. Five are in serious condition, two died and 15 have been discharged. The others are in stable condition. The cause of the pneumonia has been traced to a new type of coronavirus. Health autho...
China reports 1st death from new type of coronavirus

China reports 1st death from new type of coronavirus

Health
Health authorities in the central Chinese city of Wuhan are reporting the first death from a new type of coronavirus that has stirred fears of an outbreak similar to that of the deadly SARS virus more than a decade agoByThe Associated PressJanuary 11, 2020, 11:10 AM3 min readBEIJING -- Health authorities in a central Chinese city on Saturday reported the country's first death from a new type of coronavirus, as the government braced for the Lunar New Year travel boom amid concerns over a possible outbreak similar to that of the SARS virus in the early 2000s. The Wuhan Municipal Health Commission said seven other people were in critical condition among a total of 41 who were suffering from pneumonia caused by a "preliminarily determined new type of coronavirus” as of Friday. That was down f
NBFCs to face funding constraints in 2020: Reports

NBFCs to face funding constraints in 2020: Reports

Finance
Ever since the default by IL&FS became public in September 2018, NBFCs as a sector has been facing severe liquidity crisis with investors becoming cautious about funding their activities. “ Funding difficulties are forcing NBFC to reduce lending, resulting in funding constraints at borrowers relying on non-bank lenders for refinancing” Moody’s said in a report on Friday. “This increases the risk of loan losses for NBFCs, and as a result, they will continue to have difficulty in obtaining funding” As the financials of NBFC customers weaken, banks will reduce lending to them, and this in turn will further worsen their funding stress. The Reserve Bank data shows that bank funding to NBFCs has slowed down in pace. “These consequences will ultimately lead to more non-performing loans (NPL