Business

Chinese tech giant Huawei's legal challenge against a US law banning federal agencies from purchasing its products has been rejected. A US District Judge ruled that the government has the right to restrict Huawei and ZTE from selling equipment to federal agencies, dismissing the company's constitutional rights claims from its 2019 lawsuit.

Malaysian hygiene product manufacturers are struggling to meet unprecedented global demand for disinfectants, hand sanitizers, and rubber gloves. The COVID-19 outbreak has created critical shortages of key ingredients like ethanol and packaging materials, hindering production capabilities.

Philippine Airlines has appointed Lucio Tan, 85, as its new president, replacing his late son Lucio Tan Jr. The company has also increased its capital stock from P13 billion to P30 billion, a 130% rise aimed at combating budget carrier competition and maintaining profitability in the aviation market.

The World Wide Fund for Nature (WWF) urges Malaysian government and businesses to tackle single-use plastic waste, revealing Malaysians consume 16.8 kg of plastic packaging annually, contributing significantly to ocean pollution.

Apple announces it won't meet revenue forecasts for March quarter, citing coronavirus impacts on production and sales in China. Supply constraints for iPhones and other products expected, with customer traffic remaining low despite store reopenings.

Thailand's National Broadcasting and Telecommunications Commission successfully concluded its 5G spectrum auction, generating 100.52 billion baht. Advanced Info Service emerged as the top bidder, securing 23 licenses across 700MHz, 2600MHz, and 26GHz spectrum bands. True Move H won 17 licenses, while state-run operators CAT and TOT also participated in the auction.

Tesla announced a $2 billion stock offering to bolster its balance sheet, with CEO Elon Musk set to purchase up to $10 million in shares. Despite previously stating it wouldn't make sense to raise more cash, the company seeks to enhance its financial flexibility and fund corporate initiatives.

Nissan Motor Co. has filed a $91 million civil lawsuit against ex-chairman Carlos Ghosn in Yokohama District Court. The company claims Ghosn understated his income, diverted corporate assets for personal gain, and improperly used company resources like corporate jets for international travel.

Several contractors involved in the Grenfell Tower refurbishment are set to appear in court on possible fraud and conspiracy charges. The public inquiry suggests witnesses will be questioned about the marketing of combustible cladding that contributed to the deadly 2017 fire, which killed 72 people and injured 70 others in London.

Indian ridesharing giant Ola has expanded to London, offering services with 20,000 registered drivers. The company provides safety features like a panic button and route tracking, and plans to take zero commission during its initial launch phase.