Pandemic pushes global aid needs to record $35 bn for 2021: UN
The UN said Tuesday that $35 billion would be needed for aid in 2021, as the pandemic leaves tens of millions more people in crisis, and with the risk of multiple famines looming.The world body's annual Global Humanitarian Overview estimated that 235 million people worldwide will need some form of emergency assistance next year -- a staggering 40-percent increase in the past year."The increase arises almost entirely because of Covid-19," United Nations emergency relief coordinator Mark Lowcock told reporters.Next year, one in 33 people worldwide will be in need of aid, the report found, stress...
Pandemic may spur more M & A
Pandemic may spur more M & AIris Gonzales(The Philippine Star) – December 1, 2020 – 12:00amMANILA, Philippines — The Philippine business environment may see a number of asset purchases and mergers and acquisitions as some bigger companies and private funds are gobbling up those hit by COVID-19, seizing opportunities in the “new normal.”Many private equity funds abroad, for instance, are taking interest in some Philippine companies that may need the investment at this time, brokers and investment bankers told The STAR.“There has been increased interest from overseas to buy chunks of certain bus...
In a Year of Pandemic and Pain, Women Fight Back
Published in: openDemocracy https://www.hrw.org/sites/default/files/media_2020/07/202007europe_poland_womensrights_protest_0.jpg
Human Rights Watch - News
Pandemic rings the changes
By ZHANG YUYAN | China Daily Global | Updated: 2020-11-24 07:48Evolving competition among the major economies will shape the post-pandemic global landscape in the next five yearsWhen the novel coronavirus broke out, the world was undergoing changes in the international order. The rapid spread of the virus has accelerated this process.In the short run, the world will see the worst economic downturn and unemployment since World War II due to the pandemic. The International Monetary Fund predicted in October the global economy would contract by 4.4 percent in 2020. In the mid-to-long run, the wor...
US Renters Need More Support in Pandemic
https://www.hrw.org/sites/default/files/media_2020/11/202011us_business_evictions.jpgWith negotiations concerning a new economic stimulus stalled, millions of renters in the United States face a grim deadline. On December 31, the national eviction moratorium expires. The Centers for Disease Control and Prevention (CDC) issued the moratorium in September, limiting landlords’ ability to evict tenants who cannot afford to pay rent. But even with this protection, there have been multiple reports of renters being forced from their homes after falling behind on payments. Such tenants need rental ass...
Human Rights Watch - News
Nigeria Should Embrace MRNA Vaccine To Conquer COVID-19 Pandemic
The novel coronavirus (COVID-19) pandemic has demonstrated its potent ability to afflict and paralyze social and economic systems with no regard for techno-economic status.Quite frankly, social distancing, the use of face masks, hand washing and hand sanitizers are effective but temporary measures that can contain and curtail the spread of coronavirus with its status of global pandemic.NRC Explains Breakdown Of Abuja-Kaduna Train, Apologises To PassengersI’ll Not Join Political Enemies To Discredit Tinubu – FayoseThe development and widespread distribution of vaccines, however, remains the mos...
Entrepreneurship Is Accelerating at the Fastest Rate in Decades During This Pandemic
As officials in many areas impose new pandemic lockdowns and restrictions going into the holiday season, things can seem bleak. Depression rates are up, people are fleeing cities in droves, elected leaders regularly violate their own orders, and fraud is rampant in the government’s COVID-19 stimulus programs.It’s understandable to feel frustration and despair.But more Americans are pushing past the grimness to create and invent during this challenging time. Entrepreneurship continues to soar during the pandemic, as displaced dreamers and imaginative doers spot new opportunities and build new b...
Foundation for Economic Education
Pandemic drives up US pet ownership
Animal shelters across the United States are experiencing a pet-adoption boom, especially for dogs, as the COVID-19 pandemic causes isolation at home and feelings of loneliness.The demand also is hitting pet stores and dog breeders, with some reporting waiting lists into 2021.The surge in pet adoption began in March when COVID-19 lockdowns started. According to a report from a Detroit affiliate of ABC News, Detroit Dog Rescue received 350 applications for foster dogs in the first two days of the city's shutdown.Now Michigan Humane reports that its weekly adoption rate is up by around 16 percen...
China Daily US edition
COVID-19: Pandemic sees number of expats in Kuwait drop from 3.3 million to 2.65 million
Kuwait City: As the government began cracking down on illegal permit holders, companies also started laying off employees and the financial burden increased, all of which were exacerbated by the COVID-19 pandemic with many expats deciding to leave Kuwait.Prior to the pandemic, it was estimated that there were around 3.3 million expats residing in Kuwait. That number has gone down in recent months, according to official figures reported by Al Rai, to around 2.65 million.There are around 365,000 expats stranded abroad due to COVID-19 travel restrictions, of which 147,000 residency permits have e...
Gold Nears June Lows as Vaccine News Jostles With Pandemic
Investing.com -By Barani KrishnanInvesting.com - Gold prices came near to testing June lows hit nearly nearly two weeks ago as investors juxtaposed news of vaccine developments for Covid-19 and the relief those could bring with spiking virus cases around the country.U.S. gold futures for December delivery settled down $12.40, or 0.7% at $1,861.50. This was despite rival dollar sliding into the negative territory late into the session — a dynamic that would have normally boosted gold prices. Earlier in the day, December gold fell to $1,850.45 — just a little shy of the five-month low of 1,848 h...