TSMC stops new Huawei orders after U.S. restrictions: Nikkei

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FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. Picture taken August 31, 2018. REUTERS/Tyrone Siu/File Photo

(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies [HWT.UL] in response to Washington’s move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.

The orders which TSMC took before the new ban and those already in production are not impacted and could continue to proceed if those chips could be shipped before mid-September, according to the

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Gap stops paying rents, warns it might not have enough cash

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Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020.

Jason Lee | Reuters

Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut because of the coronavirus pandemic.

The apparel retailer said in a securities filing that it must take further actions to find liquidity over the next 12 months, such additional job cuts and new debt financing. It said other measures could include reducing receipts and orders

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Amazon stops accepting new online grocery customers amid surging demand

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(Reuters) – Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores to prioritize orders from existing customers buying food online during the coronavirus outbreak, the company said on Sunday.

FILE PHOTO: A worker in a face mask walks by trucks parked at an Amazon facility as the global coronavirus outbreak continued in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly/File Photo

Many shoppers recently seeking to purchase groceries from the Seattle-based ​e-commerce company found they could not place orders due to a

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Mexico stops brewing Corona beer, deemed non-essential in epidemic

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FILE PHOTO: A sign advertising discounted Corona beers is displayed at the front desk of the Osaka Corona Hotel in Osaka, Japan March 19, 2020. Picture taken March 19, 2020. REUTERS/Mari Saito/File Photo

MEXICO CITY (Reuters) – Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.

The Mexican government this week declared a health emergency and ordered the suspension of non-essential activities after the number of coronavirus cases in the

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