Business

Toyota is recalling over 3 million vehicles globally after discovering fuel pump issues that could cause engine stalling. The recall affects cars, minivans, SUVs, and trucks, potentially increasing crash risks during high-speed driving. The company warns of possible instrument panel warning lights and messages indicating the problem.

The International Air Transport Association warns of massive $113 billion revenue hit for airlines due to coronavirus spread, representing a significant 19% loss in global passenger revenue. IATA's Director General describes the impact as unprecedented, dramatically worsening industry prospects in just two months.

Hong Kong airline Cathay Pacific faces nearly $1 million fine after a major data breach compromised 9.4 million passengers' personal information. The incident, discovered in 2018, involved unauthorized access to sensitive data like passport details, travel history, and contact information through inadequate security measures.

Japan's Takeda Pharmaceutical is developing a promising plasma-derived treatment for COVID-19. By using blood samples from recovered patients and vaccinated individuals, the company aims to expand coronavirus treatment options under the leadership of Vaccine Business Unit President Rajeev Venkayya.

Swiss food giant Nestle plans to plant 3 million trees in Mexico and Brazil by next year, partnering with environmental organizations to restore ecosystems and work towards carbon neutrality by 2050. The initial tree-planting phase aims to offset emissions from a coffee-processing plant in Veracruz.

The coronavirus outbreak threatens global medicine supplies as China's pharmaceutical ingredient factories remain closed. India, a major generic drug provider, is now limiting drug exports and faces severe supply chain disruptions due to dependence on Chinese chemical ingredients.- EXCERPT: Compact summary of key points within 100 words

A former Microsoft software developer exploited his testing role to steal $10 million in digital currency, resulting in 18 federal felony charges including wire fraud, money laundering, and identity theft.

As coronavirus quarantine measures kept millions indoors, mobile game downloads globally spiked by 39% in February. China experienced the most significant rise, with Apple's app store seeing a 62% increase in game demands. Popular games like Mahjong and Game For Peace saw substantial growth in daily active users.

Macau's casino industry suffered a devastating blow from COVID-19, with gambling revenue plummeting 88% in February due to a 15-day forced business shutdown. The Gaming Inspection & Coordination Bureau reported a dramatic drop from previous year's earnings, marking the longest operational closure since a 2018 typhoon.

Amazon blocked more than a million products for price gouging and misleading coronavirus claims. Prices of essential items like N95 masks skyrocketed, with a 10-pack jumping from $41.24 to $128. The company firmly stated there is no tolerance for exploitative pricing during the pandemic.