The ongoing coronavirus pandemic has crippled the economy with many experts fearing a global recession, possibly worse than the 2009 financial crisis. The impact of the pandemic can already be seen in the industries. The travel and hospitality industry has been the worst hit among all due to lockdowns and travel restrictions imposed by governments…
Moody’s Corporation announced that it will fund a $1 million program of charitable donations and other support to help address the immediate and long-term impact of COVID-19. Moody’s will extend support to its existing philanthropic partners to help small businesses and education systems and reconfigure its employee volunteer programs to assist communities most affected by…
LightInTheBox Holding Co., Ltd., a cross-border e-commerce platform that delivers products directly to consumers around the world, announced that it is making urgently needed medical supplies globally available to support the fight against the COVID-19 pandemic. LightInTheBox is leveraging its strong relationships with suppliers across China to secure sizeable stocks of medical face masks, safety…
As the novel coronavirus is spreading rapidly to most of the countries in the world, corporates and organizations around the globe are setting up their humanitarian efforts in helping the countries which need maximum assistance. Recently, The Jack Ma Foundation and Alibaba Foundation announced plans to donate much-needed medical supplies to 10 more countries in…
Since the coronavirus pandemic has taken its toll on businesses, organizations have been forced to go for the world’s largest work from experiment. Companies around the globe are asking their employees to work remotely in the crisis in an attempt to prevent the transmission of the virus. While many companies are still struggling to pace…
The global measurement and data analytics company Nielsen recently released a study on the homebody economy amid the COVID-19 pandemic. The study surveyed consumers during the epidemic, and analyzed the “homebody economy” to discover new consumption trends. Justin Sargent, president of Nielsen China, said: “The Chinese government rapidly responded to the epidemic by rolling out…