Business

A 61-year-old postman in Kanagawa Prefecture faces potential imprisonment after deliberately keeping 24,000 letters undelivered. The postal worker admitted to avoiding mail delivery, claiming it was "too much bother" and wanting to avoid comparison with more efficient younger colleagues.

Philippine Airlines allows passengers with tickets to China destinations between Jan 24-Feb 9 to change, refund, or reroute flights without charge. The airline aims to support travelers during the coronavirus outbreak, offering flexibility for those with scheduled trips to Beijing, Guangzhou, Hong Kong, and other Chinese cities.

Taiwanese tech giants Acer and Asustek remain significant players in the global PC market, ranking 5th and 6th respectively in worldwide computer shipments with 14.76 and 14.48 million units sold in 2019, according to Gartner's market analysis.

Major automobile companies like Renault, Honda, and PSA Group face significant challenges as China's "motor city" Wuhan is shut down due to coronavirus, potentially exacerbating the existing recession in the automotive sector.

British government restricts Huawei's access to 5G infrastructure, blocking the company from core network systems and government networks due to potential espionage risks. The decision follows recommendations from government officials and aligns with previous policies under former Prime Minister Theresa May.

The new coronavirus outbreak in China is causing uncertainty in global markets, with Asian stocks taking a significant hit. Analysts warn of potential staggering economic losses if the virus reaches epidemic proportions, affecting industries like airlines and tourism.

The UN's International Labor Organization warns of rising unemployment, with 190.5 million registered jobless individuals in 2020. The report highlights concerns about job quality and skills underutilization, affecting nearly half a billion workers worldwide.

Tesla is building its first European Gigafactory near Berlin, Germany, on a 300-hectare property. The project has been welcomed by local authorities and is expected to create over 6,000 job opportunities, allowing Tesla to use the prestigious "Made in Germany" label on its electric vehicles.

Following the Taal Volcano eruption, Tagaytay businesses have been permitted to reopen after securing necessary permits. A week after the volcanic activity, 59 tourism and non-tourism establishments, including restaurants, hotels, and shopping malls, have resumed operations under local and national safety recommendations.

Philippines-based Jollibee Foods Corporation successfully raised $600 million through its first perpetual securities issuance. The oversubscribed bond will support the company's acquisition of The Coffee Bean and Tea Leaf and fuel its ongoing international expansion strategy, with management aiming to become a top 5 global restaurant company.