Apple limits bulk online purchases of iPhones amid coronavirus supply constraints

Apple is limiting bulk purchases of iPhones and other products as it faces supply constraints related to the COVID-19 coronavirus outbreak. Apple’s online store began limiting U.S. customers to two units of each iPhone model per person this week. Customers can still buy more than two iPhones in one order, but they would have to be different … Read more Apple limits bulk online purchases of iPhones amid coronavirus supply constraints

Apple, Facebook Find Something to Praise China for Amid Internet Clamp

Top executives at Apple and Facebook managed to find something to praise Beijing for at an Internet conference in China this week, even as its Communist Party rulers ban Western social media and stamp on online dissent. China’s World Internet Conference attracted the heads of Google and Apple for the first time to hear China vow to open up its Internet … Read more Apple, Facebook Find Something to Praise China for Amid Internet Clamp

LeEco Said to Slash US Jobs Amid Global Restructuring

China’s embattled LeEco aims to cut its US workforce to as few as 60 people from around 500 earlier this year, as the Netflix-to-Tesla-like group streamlines global operations to shake off a cash crunch, a person with knowledge of the plan said. The company has spread itself from electric vehicles and online television content to … Read more LeEco Said to Slash US Jobs Amid Global Restructuring

China cuts reserve ratios for big 5 banks temporarily amid cash crunch: Sources

Zhang Peng | LightRocket | Getty Images People withdraw money from an ICBC branch in Beijing. China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of the Lunar New Year holiday, … Read more China cuts reserve ratios for big 5 banks temporarily amid cash crunch: Sources

Singapore files 16 charges against Falcon branch manager amid 1MDB-linked probe

Fabrice Coffrini | AFP | Getty Images The logo of the Swiss Falcon Private Bank is pictured late on October 13, 2016 at the Falcon headquarters in Zurich. Singapore prosecutors on Thursday filed 16 charges against the former local branch manager of Swiss-based Falcon Private Bank as part of an ongoing investigation tied to scandal-hit … Read more Singapore files 16 charges against Falcon branch manager amid 1MDB-linked probe

Amid uneven monetary boom, Fed’s Yellen says cautious technique nonetheless suitable

Federal Reserve Chair Janet Yellen clarified earlier than the Senate Banking Committee on Tuesday that sheisn’t always taking aspects in advance of britain‘s June 23 vote on whether to leave the ecu Union, but that the U.S. primary bank is monitoring the state of affairs carefully. Yellen became cautious, announcing she would not “want to … Read more Amid uneven monetary boom, Fed’s Yellen says cautious technique nonetheless suitable