The outbreak of the novel coronavirus pandemic has created a shift in the self driving car industry in the world with companies developing autonomous vehicles now focusing on delivery of packages instead of people. And the more established companies have seemingly got a head start compared to...

The economic impact of the novel coronavirus pandemic has busted another major international airline.     The Colombian airline Avianca filed for Chapter 11 bankruptcy in the United States Southern District of New York. According to a statement issued by the airline, it pinned the blame...

Amidst fears of spreading and catching coronavirus, consumers are reviewing which daily gestures cause the most contamination. At first, banknotes seemed an obvious culprit. But a German Institute has dispelled that notion, and reminded that cash is a very poor vector, whereas credit card terminals...

Countries should keep their trade open amid the novel coronavirus pandemic, the International Monetary Fund (IMF) and the World Bank has said, and warned that countries doing so could face counterproductive consequences of such polices. The current global scenario is not at all conducive to...

Some of the most well known global good delivery app companies including GrubHub, DoorDash, Postmates and Uber Eats, were taken to court over allegations that the companies were using their dominant position in the restaurant meal deliveries segment to impose fees that are being borne ultimately by...

An economic crisis “like no other” has been caused by the coronavirus pandemic – and the crisis is “way worse” than the 2008 global financial crisis, said a top official of the International Monetary Fund.   “Never in the history of the IMF have we witnessed the world economy come to a...

The coronavirus pandemic that has upended the life of citizens of the United States and has discouraged them from spending has resulted in the US consumer sentiment for the month of March touching a 3-1/2-year low. Consumer spending was also slow in February. These figures have further hinted at a...

The rapid and devastating spread of the coronavirus pandemic in the United Kingdom has forced the government to impose a lock down in most parts of the country and shut down factories to combat the spread of the pandemic. As such companies are now focusing on conserving cash which has forced more...

More than 80 business groups in the United States has warned that shortages of urgently needed medicines and medical equipments to fight coronavirus pandemic in the country could be worsened while also delaying the discovery of a vaccine for the new coronavirus because of the plans of the White...

Despite clear signals that the coronavirus pandemic is spreading across the United States, the desire of the US President Donald Trump to reopen the economy could be bad for the economy, said investors, with the death rate due to the virus going up and Americans still unwilling to go out because of...

The amount of money that the World Bank has set aside for fast-track financing available to members to respond to the global coronavirus pandemic has been augmented by another $2 billion with the total amount now at $14 billion. The bank had announced the initial package on March 3.   ...