Only five months into 2020, the COVID-19 global crisis has changed life as we knew it. Although at times the present resembles a work of fiction, the unprecedented effects on civilization are nothing but real. Mobility and climate change go hand in hand as lockdowns have made it even more visible. In these areas, the…
For years, experts have been warning that the increasing number of companies relying on debt to stay afloat poses a serious threat to the global economy. Most economists agree that the proliferation of these “zombie” firms, which are basically on life support, makes it more difficult for profitable companies to grow as they drain capital…
Border closures and flight restrictions put in place to slow the spread of the coronavirus have dampened the mood of millions of travel enthusiasts around the world. But the abrupt change from globe-trotting to quarantine has affected one group in particular whose lifestyle revolves around being on the move: digital nomads. The short-term impact of…
As the world is reeling from the economic fallout of the coronavirus pandemic, many startups are taking a not-so-pleasant or even painful walk down memory lane to see what went wrong. The bitter truth is that the unprecedented health crisis has shattered the dreams of countless founders into a thousand pieces, especially those who had…
Like dominoes lined up perfectly in a row, coronavirus began to knock down businesses all over the world one after another. Ismail Boali’s atelier in Lisbon was one of those places that were not left unscathed by the pandemic, which is plunging the global economy into its worst crisis since 2008. A fashion house built…
It was initially hoped that Latin America would escape the coronavirus outbreak thanks to its warm summer and remoteness from the first epicenters of the viral infection. However, those hopes have been shattered with the rapid escalation of the COVID-19 pandemic in the region and the approach of winter. According to official statistics cited by…
It’s a safe bet to say that not many people had heard about Messina before Italy became the flashpoint of the coronavirus pandemic with a death toll of over 15,000 and counting—the highest in the world. However, the mayor of the city of 232,000 people on the island of Sicily has put Messina on the…
It would be a gross understatement to say that the scene in Brazil has been “chaotic” amid the coronavirus pandemic. If the outbreak of COVID-19 taught us anything, it’s that unity is the only way to combat a worldwide health crisis. However, it seems top Brazilian officials have yet to learn this vital lesson as…
As coronavirus ripped unabated through the globe, shutdowns, travel restrictions, and social distancing led to a sharp uptick in virtual reality solutions. People kept at home by quarantine suddenly found themselves immersed in a world where they could take a virtual tour of tourist destinations, art galleries, museums, shopping centers, and even the house they…
MANILA, Philippines (Via News) – Considered as the “worst shock” to the Philippine economy since the global crisis a decade ago, the economy here is set to suffer more disruptive impacts as its central bank foresees a massive slowdown in its economic growth as the country continues to combat the spread of COVID-19. The government…
