Tag Archives: #CoronaVirus

COVID-19 affecting the food and beverage industry

The COVID-19 originates from China and then spread to high-income countries such as Italy, Iran, UAE, the US. Now, it has spread all across the globe including low-income developing countries of South Asia, Africa, and Latin America, where the supply chain of food was already weak. As per the United Nations, there were 820 million […]

Ford Motor’s profit sleeps from $3.7 billion to just $47 million

Ford Motor Company, one of the big three automotive companies of the US registered a revenue of $156 billion in 2019, which is around 3% lower than in 2018. However, the net income has declined by 98% for the same period from $3.67 billion in 2018 to just $47 million in 2019. The company registered […]

Coronavirus: Testing Africa

The COVID-19 pandemic has spread all across the globe. However, the cases of the infected person in Africa are still lower as compared to other corners of the globe. By 11th April, the region has registered around 13,500 cases. South Africa registered the highest cases followed by Egypt, Algeria, and Morocco respectively. The WHO has […]

Canadian government announced to a relief package of $75 billion to fight with COVID-19

As the COVID-19 pandemic triggered in Canada, the economic activities started to slow down in the country. By the end of March 2020, the country has registered nearly 9,700 cases and around 130 mortalities due to the pandemic. Even the wife of Canadian Prime Minister tests positive for coronavirus. The government has issued strict social-distancing […]

Israel government unveiled a program of $22.3 billion to fight with the coronavirus

As the coronavirus has spread out all across the world, Israel is no exception. The country has registered more than 6,800 cases and 36 mortalities due to the dangerous virus. Due to this, on March 30, 2020, the Prime Minister of the country has announced an economic program of $22.3 billion (80 billion shekel) to […]

Austria witnessing one of the highest rates of COVID-19 in Europe

The landlocked East Alpine country of Eastern Europe, Austria has registered around 11,000 cases and around 160 mortalities due to COVD-19 till the start of April 2020. In the country with a population of around nine million people, the rate of COVID-19 incidence cases is near to 1,200 cases per million people. Only Italy, Spain, […]

COVID-19 outbreak in South Korea and how the country is dealing with the pandemic spread

South Korea is one of the technologically advanced nations and the 12th largest economy by nominal GDP across the globe. The country is a global leader in several technology and innovation-driven fields and is the 5th largest exporter and 8th largest importer globally. Bloomberg Innovation Index named South Korea as the world’s most innovative country […]

Global consumer electronics industry facing crisis due to COVID-19 outbreak

The recent outbreak of the deadliest coronavirus (COVID-19) from Wuhan province of China has multiple effects on the various industries, including consumer electronics, across the globe. The epidemic has stapled the global consumer electronics industry from suppressing demand to hitting the production of parts and subsystems. The smartphone segment was expected to witness lucrative growth […]

Analysis of the impact of COVID-19 on the global automotive industry

Amidst the global economic downturn and the China-US trade war, the global automotive industry is looming more than ever before. While the industry has not recovered from these factors, it has hit hard by the recent outbreak of the COVID-19 epidemic across the globe. Economies across the globe are experiencing a perilous trade impact on […]

India Undergoes Complete Lockdown for 21 Days

Total number of confirmed cases of coronavirus in India has crossed the 500-mark New coronavirus cases reported in Madhya Pradesh and Uttar Pradesh Death toll in India mounts to 10 after man from Tamil Nadu dies In an unprecedented move, the Prime Minister Narendra Modi complete lockdown of India for 21 days to fight coronavirus […]