HONG KONG Chinese manufacturers and sellers of drug ingredients say logistical hurdles and labor shortages due to the coronavirus epidemic are delaying some production and shipments, adding to concerns about the potential for drug shortages globally as the virus spreads. China, along with India, is a key link in the world’s...
SYDNEY Airport passenger traffic in the Asia-Pacific region is expected to take a 24 percent hit in the first quarter from the coronavirus, leading to a $3 billion decline in airport revenue and placing pressure on growth projects, an industry group said on March 9. Airports Council International (ACI) Asia-Pacific said...
LONDON/LOS ANGELES U.S. retailers face an estimated $700 million sales hit from the coronavirus and some shipping lines are sending vessels to retrieve empty cargo containers from Los Angeles to prevent further supply disruptions. The extended shutdown of factories in China caused by the virus, travel restrictions on workers and canceled...
BEIJING U.S. companies operating in China were having an increasingly tough time last year as slowing economic growth and trade tensions squeezed profits before the coronavirus outbreak added to their concerns, a business survey showed on March 10. Over a fifth of the 372 members of the American Chamber of Commerce...
Vanessa Friedman (The New York Times) Virgil Abloh, the founder of Off-White and the menswear designer of Louis Vuitton, is the kind of fashion figure that seems to demand comparison. Almost every profile contains one buried somewhere in the text. He is “the Andy Warhol for our times” (The Guardian), he...
Doreen Carvajal (The New York Times) MADRID – Manolo Osuna lacks a formal art education, but he has spent years roaming the galleries of the Prado Museum as a guard and leader of a seven-person moving brigade that hefts national treasures by Spanish masters like Velázquez and Goya around the...
Costas Pitas (Reuters) LONDON – British luxury carmaker Aston Martin said its losses ballooned last year and its chief financial officer would leave by the end of April. The firm, famed for being fictional agent James Bond’s car of choice, posted a pretax loss of 104 million pounds ($135 million) last...
(The New York Times) Atari, the brand known for pioneering video games like Pong, Asteroids and RollerCoaster Tycoon, is taking its business in a new direction: Hotels. In a move that underlines the popularity of e-sports, the demands of its growing audience and how video games are escaping the bounds of...
BRUSSELS Wrapping up even a “bare bones” deal on the future relationship between the European Union and Britain will be fraught with complexity and, with so little time to get it done, a painful “hard” Brexit on December 31 cannot be ruled out, diplomats said. A basic agreement would have to...
The New York Times BERLIN Chancellor Angela Merkel and Premier Li Keqiang of China settled into the back seat of a driverless Volkswagen van, fastened their seat belts and went for a spin around a disused airport landing strip in central Berlin. “There is nothing like seeing in practice what’s possible,” Merkel...