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German factories saw signs of recovery before virus hit

Bloomberg German factories saw a rebound in demand just before China became engulfed by the coronavirus outbreak that has since spread across the globe. Orders gained 5.5% in January, suggesting manufacturers were starting to recover from a slump that has lasted more than a year. Since then, numerous companies have reported supply chain disruptions and plummeting export demand as the ...

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US exempts face masks, medical products from China tariffs

Bloomberg The Trump administration granted exemptions from tariffs for a range of medical products imported from China, including face masks and medical gloves. Among the products that won an exemption are medical masks by Medegen Medical Products, LLC., Cardinal Health exam gloves, and Medline Industries Inc.’s patient cleansing wipes. In its request to exclude masks from the 7.5% duty, Medegen ...

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Apple encourages Silicon Valley staff to work from home

Bloomberg Apple Inc. is encouraging employees in Silicon Valley to work from home as an “additional precaution” against the outbreak of coronavirus, joining other major technology companies, including Alphabet Inc. and Microsoft Corp. The iPhone maker has two main headquarters in Cupertino, California, — the Apple Park campus and its original Infinite Loop set of buildings — in addition to ...

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