Charleston Lim
Writer
The Latest
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US Government To Buy Local Meat And Milk To Support Farmers
The first phase of the Department of Agriculture's plan will be to purchase $15.5 billion worth of milk and meats from local producers to support the nation's supply chain. 
The first phase of the Department of Agriculture's plan will be to purchase $15.5 billion worth of milk and meats from local producers to support the nation's supply chain. -
Dalian Wanda Shuts Down Rumors Of AMC Going Bankrupt
Due to the pandemic, AMC had to shut down its more than 1,000 cinemas in the US, while also furloughing its more than 24,000 staff members. 
Due to the pandemic, AMC had to shut down its more than 1,000 cinemas in the US, while also furloughing its more than 24,000 staff members. -
Citigroup Reports 46 Percent Drop In Q1 Profits Amid Looming Defaults
Citigroup reported a 46 decline in profits for the first quarter and is expecting a further decline in the coming quarter as more customers default on their loans and credit card debts. 
Citigroup reported a 46 decline in profits for the first quarter and is expecting a further decline in the coming quarter as more customers default on their loans and credit card debts. -
China State Grid To Build 78,000 New EV Charging Stations
China State Grid's $383 million project is part of China's ambitious plan to have at least 200,000 new charging stations within the year. 
China State Grid's $383 million project is part of China's ambitious plan to have at least 200,000 new charging stations within the year. -
China Aviation Industry Reports $5.6 Billion First-Quarter Loss
The Civil Aviation Administration of China reported that the country's aviation industry had lost more than $5.6 billion as a direct result of the pandemic. 
The Civil Aviation Administration of China reported that the country's aviation industry had lost more than $5.6 billion as a direct result of the pandemic. -
US Airports Awarded $10 Billion In Grants Amid Slump
The US Transportation Department released the $10 billion grant to major airports across the country on Tuesday to help them cope with losses incurred due to the outbreak. 
The US Transportation Department released the $10 billion grant to major airports across the country on Tuesday to help them cope with losses incurred due to the outbreak. -
Renault Exits Chinese Joint Venture Due To Lackluster Sales
Renault will be selling its 50 percent stake in its Chinese joint venture to its local partner Dongfeng Motor Group. 
Renault will be selling its 50 percent stake in its Chinese joint venture to its local partner Dongfeng Motor Group. -
IMF Projects 3 Percent Contraction Of Global Economy This Year
The IMF projects that the global economy could contract by 3 percent this year as a direct result of the coronavirus pandemic. 
The IMF projects that the global economy could contract by 3 percent this year as a direct result of the coronavirus pandemic. -
Ford Forecasts $600 Million Net Loss For Its First Quarter
Ford predicts that the ongoing health and economic crisis caused by the coronavirus pandemic could result in it reporting a $600 million loss for its first-quarter earnings. 
Ford predicts that the ongoing health and economic crisis caused by the coronavirus pandemic could result in it reporting a $600 million loss for its first-quarter earnings. -
Artificial Intelligence Firm iFlyTek Expecting Net Loss For First Quarter
iFlyTek reasoned that its grim forecast was mostly due to the disruptions caused by the pandemic in its operations, deliveries, and inspections. 
iFlyTek reasoned that its grim forecast was mostly due to the disruptions caused by the pandemic in its operations, deliveries, and inspections.
