Alibaba pitches coronavirus diagnostic tool to Europe in China outreach move

Alibaba Group is offering Europe’s embattled health systems a cloud-based coronavirus diagnostic tool it says it has successfully tried in China’s hospitals. The move by billionaire co-founder Jack Ma’s technology giant comes amid a bigger push by China to promote its efforts to contain the pandemic that started in the city of Wuhan and was […]

Coronavirus: US Senate presents $1tr relief package

Washington: Senate majority leader Mitch McConnell presented on Thursday a $1 trillion (Dh3.67 trillion) relief package to combat the impact of the coronavirus pandemic in the United States. The Republican-drafted text must now be examined by Senate Democrats before a date for a vote can be set. The measures must then be passed by the […]

Rolex shuts all plants and prepares for worst year ever

The Swiss watch industry has survived lickings before, but Rolex, Omega and Cartier now face a combination of economic punches putting them back on their heels. The industry was just adapting to the downturn from political protests in its largest market, Hong Kong, when the coronavirus outbreak hit. Now China’s economic slowdown threatens to engulf […]

US jobless claims jump by 70,000 as virus starts to take hold

WASHINGTON: The number of Americans filing new claims for unemployment benefits surged last week by 70,000 to the highest level in more than two years, indicating that the effect of the coronavirus was starting to be felt in rising layoffs in the job market. The Labor Department reported Thursday that applications for benefits, a good […]