Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world.
Sources said the plan, if finalised, could deal a blow to Huawei and one of its key chip manufacturers.
The coronavirus crisis is giving the e-commerce industry a boost but troubles at Ocado and other online grocers highlight how hard it is for the industry to quickly scale up online delivery.
San Francisco-based home-sharing platform Airbnb announced that it will be taking a billion dollars new investment from Silver Lake and Sixth Street Partners to curb the devastating effects of coronavirus pandemic.
Airplane manufacturing giant Boeing announced on Monday it would suspend 787 production at South Carolina plant amid the coronavirus pandemic.
Kirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.
As global novel coronavirus infections slow down in hardest-hit countries, Asian shares and US futures, including the energy sector, start to rebound.
Prices may decline more gradually after Saudi Arabia sent a signal that a production cut deal may be ahead, and the US has said it will put pressure on Saudi Arabia and its allies for such a deal.
British officials says it is very dangerous to spread conspiracy theories which link 5G mobile telecommunications masts to the spread of the novel coronavirus.
The continent's economy could shrink up to 1.1 percent this year, trade could fall 35 percent from 2019 levels, and oil producers, tourist destinations will be hit hard, a study by African Union says.
Beijing has encouraged factories to increase the production of medical supplies as pandemic kills over 65,000 globally and parts of the world face protective equipment shortage.
Turkish Cargo, a division of national flag carrier Turkish Airlines, plans 155 flights per week for cargo freighters and 60 flights for passenger aircrafts being used for cargo operations in April, a statement says.
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