Tag: Novel Coronaviruses

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit

[ad_1] A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going beyond what the law allows. The Paycheck Protection Program and other federal aid programs long ago shut their doors. But small businesses […]

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China's Factory Slowdown Worse Than Expected Under Weight of Covid Policies

China's Factory Slowdown Worse Than Expected Under Weight of Covid Policies

[ad_1] HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result […]

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Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

Inside a Chinese iPhone Plant, Foxconn Grapples With Covid Chaos

[ad_1] HONG KONG— Foxconn Technology 2354 -0.76% Group is scrambling to contain a weekslong Covid-19 outbreak at an iPhone factory in central China, trying to appease frightened and frustrated workers during a crucial period for smartphone orders. In Foxconn’s main Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s AAPL 7.56% iPhones, hundreds of […]

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