Bloomberg The outbreak of coronavirus may have cost China’s retail and food service sectors billions of dollars in sales during the Lunar New Year week, according to a leading food and agricultural bank. Revenue lost in both retail and food services during the Lunar New Year week could range from 20% to 80%, representing a fall of $31 billion to ...

Bloomberg Carlos Ghosn’s lawyers faced off with Nissan Motor Co in an Amsterdam court for the first time since the former executive’s dramatic escape from Tokyo last year. Ghosn is suing his former employer for 15 million euros ($16.4 million) as part of a Dutch wrongful dismissal lawsuit. At a hearing, his lawyers asked a court for access to documents ...

Bloomberg Singapore could see a 25% to 30% decline in tourist arrivals and spending this year because of the coronavirus outbreak, as the industry braces for a worse impact than the 2003 Sars pandemic, the city’s tourism chief said. The city-state is losing about 18,000 to 20,000 tourists a day, and the figures could plummet further if the situation persists ...