Africa is two to three weeks away from the worst of the coronavirus storm and needs an emergency economic stimulus of $100-billion to bolster preventative measures, according to a UN agency.
Author: Agency Staff
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with the fallout from the coronavirus outbreak, the Sunday Times reported, citing finance minister Tito Mboweni.
Moody’s cut South Africa’s credit rating below investment grade, delivering the country a full house of junk assessments as it grapples with a nationwide lockdown.
Eskom has told part of its workforce to stay home and delayed some maintenance as demand for electricity plummeted due to the national lockdown aimed at containing the spread of the coronavirus.
WeWork says it doesn’t expect to hit its 2020 financial targets as it grapples with the coronavirus outbreak.
Huawei Technologies is about to test the demand for flagship smartphones in China, and the CEO of its consumer business said he’s confident markets and manufacturers are ready.
The coronavirus pandemic is a crisis of such magnitude that, aided by technology, it threatens to change the world in which we live, with ramifications for how leaders govern.
These days, with the fallout from the coronavirus pandemic wreaking havoc on economic and business projections, a company can stand out just by maintaining its outlook.
First it was the Olympics, and now this! Apple might delay the release of its upcoming 5G iPhone by several months because of the Covid-19 pandemic, Nikkei reported on Thursday.
The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the US and Europe struggle to contain the coronavirus pandemic.