Tag: COVID-19 Impact
Why Uber’s $6.8bn loss in 2020 is actually a good news
US-based Uber has just reported that the company made a massive $6.8 billion loss in 2020, but that's actually good news.
The full-year loss, which...
Toyota overtakes Volkswagen to become world’s top automobile seller
Toyota Motor, the Japanese automotive manufacturer, overtook the German carmaker Volkswagen in 2020 to become the world’s top-selling automaker, marking the first time Toyota...
China overtakes US to become world’s most favorite FDI destination
As the COVID-19 pandemic boosted an eastward shift in the center of gravity of the global economy, China overtook the US as the world's...
Global energy giants drastically reduced fossil fuel exploration in 2020: Report
Last year, top oil and gas companies sharply slowed their search for new fossil fuel resources as lower energy prices due to the coronavirus...
Climate change is still the greatest risk to global economy: WEF
Research conducted by the international organization World Economic Forum (WEF) has opined that while infectious diseases are expected to have the biggest impact, climate...
Netflix subscribers cross a massive 200mn globally; Set to end borrowing...
At the end of 2020, the number of subscribers on the popular US-based streaming platform Netflix crossed 200 million globally and it will no...
2020 records a 20% drop in number of new skyscrapers globally:...
The number of new skyscrapers built globally dropped more than 20 percent in 2020, according to data released this week by the Council on...
People to seek out smaller cities, spend more time with family...
The chief executive of American vacation rental service Airbnb, Brian Chesky, predicted travel would permanently change due to the pandemic with people seeking out...
