Business

Bill Gates has resigned from the boards of Microsoft and Berkshire Hathaway to dedicate more time to philanthropic priorities. The world's second-richest man cited a desire to focus on global health, development, education, and climate change. Gates, who co-chairs a major philanthropic foundation with his wife Melinda, previously donated $35.8 billion to charitable causes.

Walt Disney Company shuts down all eleven theme parks across Asia, Europe, and North America in response to coronavirus outbreak. Disney World, Disneyland, and Disneyland Paris will remain closed for the rest of the month, with Disney Cruise Line suspending new departures.

Two senior executives from Thailand's aviation sector - the Thai Airways president and Suvarnabhumi Airport director - resigned on March 12, expressing frustration with the government's handling of coronavirus travel policies and resulting industry disruption.

Vietnam's gold prices have dropped by VN₫300,000 to VN₫400,000 this week due to declining local demand. SJC, the largest gold manufacturer, now sells gold at VN₫47.3 million per tael, with other firms like Bảo Tín Minh Châu and Doji also reducing their rates to entice potential buyers.

The Italian government has ordered the closure of all non-essential businesses, restaurants, and bars, leaving only supermarkets, food stores, and pharmacies operational. Prime Minister Giuseppe Conte announced a nationwide quarantine as coronavirus cases continue to rise, making Italy the second-most affected country globally.

Grab Philippines has banned 125,000 users for creating multiple accounts, frequent cancellations, and giving unwarranted poor ratings to drivers. Country head Brian Cu revealed the company is monitoring over 128,000 passengers for misconduct, including drunk riding and fare evasion.

Tesla CEO Elon Musk is scouting locations in central United States for a dedicated Cybertruck Gigafactory. The new manufacturing plant will produce the wedge-shaped electric pickup truck initially announced in 2019, with production expected to begin soon.

European banks like RBS, Lloyds, and TSB are providing financial relief to customers impacted by coronavirus. Mortgage payment deferrals and flexible savings account access aim to support individuals experiencing income loss during the pandemic.

Dutch brewer Heineken is investing 865 million reais (US$183.14 million) to expand its Ponta Grossa brewery in Brazil. The expansion will boost manufacturing capacity by 75%, reflecting the company's confidence in the Brazilian market despite economic challenges.

Yes Bank founder Rana Kapoor was arrested by Indian financial crime investigators over allegations of money laundering and criminal conspiracy. The Enforcement Directorate claims Kapoor is involved in a $581 million financial fraud, though he denies the charges and maintains his willingness to cooperate with the investigation.