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Over 5,000 Chinese tourists stranded in Bali after flight ban

Bloomberg An estimated 5,000 Chinese tourists are stuck in Indonesia’s popular resort island of Bali after Indonesia banned direct flights to and from mainland China to prevent the spread of coronavirus. As most of the visitors were traveling on short tourist visas and were caught unaware by the flight ban, Indonesia said it would grant extensions of one month. Chinese ...

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iPhonemaker Hon Hai slashes 2020 outlook

Bloomberg Hon Hai Precision Industry Co, Apple Inc’s main production partner, cut its 2020 revenue growth outlook after assessing the potential impact of a deadly coronavirus outbreak. Hon Hai, which makes the vast majority of the world’s iPhones from the central Chinese city of Zhengzhou, is now projecting a sales increase of 1% to 3% this year, Chairman Young Liu ...

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China wants to patent Gilead’s experimental coronavirus drug

Bloomberg Chinese researchers have applied for a local patent on an experimental Gilead Sciences Inc drug that they believe might fight the novel coronavirus outbreak. The Wuhan Institute of Virology — based in the central Chinese city at the epicenter of the epidemic — has applied for a patent in China for the use of the antiviral drug, known as ...

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