Friday, January 22, 2021
UK approves Covid-19 vaccine, first in the world Britain on Wednesday became the first country in the world to approve the Pfizer-BioNTech Covid-19 vaccine for use and said that it will be rolled out from early next week. "The government has today accepted the recommendation from the independent Medicines and Healthcare...
The International Air Transport Association (IATA) has revised its outlook for the airline industry, saying that deep losses will continue into 2021, even though performance is expected to improve over the period of the forecast. IATA expects the global airline industry to record a net loss of US$118.5 billion this year deeper...
Digitalisation and innovation are key for SMEs survival as the travel industry emerges from Covid-19’s impact according to a report by the Pacific Asia Travel Association (PATA), revealed at the World Travel Market. PATA’s research report “The role of Online Travel Agencies (OTAs) in supporting Asia-Pacific SMEs in Recovery” aims...
Scaling a business is not easy, especially in a post-Covid-19 business environment. High demand is great, but one of the biggest pitfalls for new companies is the inability to keep up with growing demand. If you lag behind in servicing your customers, you will find that those customers won’t...
With the COVID-19 pandemic keeping people indoors, It comes as no surprise that smartphone and computer usage has skyrocketed in the past few months. According to Statista, up to 70 percent of internet users worldwide has reported an increase in their mobile or smartphones amidst the pandemic. As anxieties surrounding...
Many may be forgiven for not taking any chances during these uncertain times. The COVID-19 pandemic has done more than disrupt supply chains and ruin business. It has led to thousands of lay-offs and furloughs. It is no wonder that many potential new entrepreneurs are hesitant to leave behind...
The International Monetary Fund (IMF) said that public investment should play a “central role” in the recovery of both emerging and advanced economies from the coronavirus downturn. Ahead of its fall meetings, the IMF added that stepping up such spending with interest rates low globally could “create millions of...
Chinese start-up WM Motor Technology Group said on Tuesday that it had completed a 10 billion yuan (US$1.5 billion) round of fundraising, riding the wave of investor enthusiasm for electric vehicle makers. The Series D round of financing was led by a Shanghai state-owned investor group, including SAIC Motor....
Even the most stubborn and traditional businesses are being forced to consider their digital options as COVID-19 continues to turn the global economy on its head. Companies in Japan and Singapore in particular are looking to beef up their digital talent as they move their operations online. Even before the...
The Organisation for Economic Co-operation and Development (OECD) said the global economic slump will not be as sharp as previously feared this year. The Paris-based institution said that the world economy will shrink 4.5 per cent this year, less than the 6 per cent forecast in June, upgrading its...
AstraZeneca puts leading COVID-19 vaccine trial on hold over safety concern Pharmaceutical company AstraZeneca said it has paused global trials, including large late-stage trials, of its experimental coronavirus vaccine because of an unexplained illness in a study participant. The vaccine, developed with the University of Oxford, has been widely seen...
The Council of Palm Oil Producing Countries (CPOPC) said Malaysia’s palm oil industry may see a full recovery in the fourth quarter of this year if the Covid-19 pandemic is manageable and contained. The council also believed that there is a possibility of a rebound in the...