COVID-19 pandemic created largest disruption of education in history: U.N.

The COVID-19 pandemic has created the largest disruption of education in history, affecting nearly 1.6 billion students in all countries and continents and an additional 23.8 million children and youth could drop out or not have access to school next year due to the pandemic’s economic impact alone, the UN Secretary General’s policy brief on […]

VN textile, electronics hardest hit in pandemic: official

Vietnam’s Government was supporting the two sectors with trade facilitation measures as both are export-oriented sectors. It had allowed the opening of the border for goods trading and was willing to issue electronic certificates of origin for goods to make it easier for companies to export and import, she said.

Low business for idol makers as demand drops due to pandemic

Neelima Bhagwat, who displays her stalls in various parts of Delhi, says, “I am getting few orders but the demand is low as compared to previous years. Usually, this is a very busy period for us because of upcoming festivals. This year mostly customers are first calling us and then coming to pick their orders […]

Pandemic reveals flaws of unemployment insurance programs

The approach was endorsed by former Federal Reserve Chairman Ben Bernanke, who oversaw central bank’s response to the Great Recession, and his successor Janet YellenJanet Louise YellenOn The Money: McConnell previews GOP coronavirus bill | Senate panel advances Trump Fed nominee who recently supported gold standard | Economists warn about scaled-back unemployment benefits Senate panel […]

As World Blood Donor Day Approaches, COVID-19 Strains Supply

The International Federation of Red Cross and Red Crescent Societies promotes unpaid donation, Dr. Adeiza Ben Adinoyi, an Africa regional officer, said in an interview. Blood is perishable, with a maximum 32-day shelf life even when refrigerated, so “you need a system of ensuring that the blood supply chain is adequate at every given point […]

Sony Pictures’ Full-Year Profit Rises to $628 Million, But Pandemic Downturn Looms

Revenues at Sony’s film and TV division climbed to $9.32 billion from $8.87 billion in the previous fiscal year. Overall profit at Sony Corp. fell 36 percent. Sony Corp. executives reported the Japanese conglomerate’s full fiscal-year earnings in central Tokyo on Wednesday, offering a look at where its business stood just before the coronavirus pandemic […]

How buskers are being forced to set up tap-and-go machines to replace cash and coins amid the coronavirus pandemic

Nonetheless, the death of cash might be exaggerated with demand for $50 and $100 banknotes growing at the fastest pace in 11 years, the Reserve Bank of Australia revealed last week. CommSec chief economist Craig James said consumers preferred to have cash on hand for emergencies during a crisis

Aviation sector has biggest pandemic default risk: insurance survey

FILE PHOTO: A Virgin Australia Airlines plane is seen at Kingsford Smith International Airport the morning after Australia implemented an entry ban on non-citizens and non-residents intended to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, March 21, 2020. REUTERS/Loren Elliott

Mongolia’s coal export drops nearly 50 pct amid COVID-19 pandemic

ULAN BATOR, Aug. 4 (Xinhua) — Mongolia exported a total of 11.2 million tons of coal in the first seven months of this year, a decrease of 46.4 percent compared to the same period last year, according to official data on Tuesday.

Mykonos: The ultra-chic Greek island struggling with the pandemic

Smaller hotels are faring better, but prices have dropped significantly, and average capacity across the island is at roughly 25 per cent, according to Koukas. Markos and Jessica run White and Grey, a small hotel a few kilometres outside town. They felt obliged to drop their room prices by almost 50 per cent because of […]