In the whirlwind of news about the coronavirus pandemic, it can be hard to distinguish facts from rumors, false reports, and opinions. This confusion has taken a heavy toll on the tourism industry, which revolves around people and information. One example is Portugal that has been recently caught up in heated conversations about whether it…
The coronavirus pandemic has caused a considerable decrease in cash flow for the space industry but a sustained upward trend in interest heralds strong public-private partnerships in the remainder of the year, according to a recent report on venture investment in the space sector. Noosphere Ventures—which conducted the analysis and invests in space technology companies—calls…
The coronavirus pandemic has resulted in work stoppages, delays in production schedules, supply chain breaks, and market uncertainty for businesses all around the world. One major sector that has not been spared the effects of the contagious condition and its economic fallout is the auto industry. The sharp decline in demand for vehicles has cast…
As physical sports were grounded by the coronavirus pandemic across the globe, esports not only continued to thrive but also found new fans along the way. Multiple industry reports have painted a fairly bright future for esports—which refers to organized, multiplayer video game competitions—saying that there are great opportunities in this sector despite widespread disruptions…
Seventy-eight percent of startups plan to hire new staff before the end of the year despite being caught in mid-air by the coronavirus pandemic, according to a recent survey by the world’s largest startup campus. The study by Station F—which was conducted in partnership with over 120 venture capital funds—also showed that 48% of startup…
The viral coronavirus outbreak has left millions of people around the world in financial limbo, without income or with insufficient earnings as their bills pile up. Many businesses have started scaling back their workforce as the prospect of a quick recovery from the pandemic fades, with airline companies making some of the biggest job cuts….
The shock wave of the coronavirus is driving technological adoption in unanticipated ways around the globe, transforming societies and economies at a pace that would have seemed unimaginable just a few years ago. In particular, companies enabling communication and exchange of services and goods over distance have seen notable increases in adoption and usage. Fintech…
With the economy expected to remain on rocky footing potentially beyond 2020 and COVID-19 quarantines and lockdowns ebbing and flowing on a rolling basis, new trends in consumer sentiment and behaviors are emerging globally. According to a new Future Consumer Index published by Ernst & Young, 42% of surveyed consumers believe that their shopping habits…
A group of volunteers in Ireland, Slovakia, Portugal, and Brazil have joined hands with medical experts to create a “user privacy-respecting” application to help stem the tide of the coronavirus. The team behind the free app—which is called “Covidian” and was first launched in Slovakia—says it has helped the country’s Health Ministry flatten the curve…
Governments around the world should understand that now is the time to act and offer solid financial support to startups as they can have a positive, lasting impact on the economy, says a Lisbon-based entrepreneur. “Big companies get big because they get really good at doing the same thing over and over again. And then…
