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COVID-19 has added a new layer of complexity for businesses across the world. It has threatened our health and safety and our livelihoods, as companies plunged almost overnight into totally uncharted territory.          

The crisis will likely affect all aspects of business from how and where goods are sourced, to where they are bought and sold, to where work gets done, and to how it gets done.

Governments have also have injected billions of dollars into

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Chinese President Xi Jinping vowed to press ahead with plans to gain the global lead in technology and other strategic industries, despite expanding efforts from the US and its allies to check China’s rise.

The Chinese President reaffirmed his commitment to opening up and reform as a strategy for gaining economic advantage in a 50-minute speech Wednesday to mark the 40th anniversary of Shenzhen’s establishment as a special economic zone.

With hundreds of local officials and executives present including Huawei Technologies Co. founder Ren Zhengfei, and Vice-Premier Liu He looking on, Xi called for the making of the southern metropolis into a model city for a great, modern socialist country.

“We need to unswervingly implement an innovation-driven development strategy to foster new engines and new trends, so as to build a technological and industrial innovation high-ground with global influence,” Xi said, in remarks that didn’t mention China’s disputes with the

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The global autonomous vehicle sensor market size is poised to grow by 45.3 million units during 2020-2024, progressing at a CAGR of over 37% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005120/en/

Technavio has announced its latest market research report titled Global Autonomous Vehicle Sensors Market 2020-2024 (Graphic: Business Wire)

The rise in the urgency in curbing road accidents is one of the primary drivers for this market. Road traffic accidents are one of the leading causes of death. In an attempt to counter the rising number of

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The global economic recession is turning out to be less severe than feared but governments should not withdraw their fiscal stimulus because the path ahead is perilous, the International Monetary Fund said Tuesday.

“While the global economy is coming back, the ascent will likely be long, uneven, and uncertain,” the international financial agency said, in its latest World Economic Outlook.

Since the summer, prospects have worsened significantly for some emerging and developing economies where coronavirus infections are rising rapidly.

For 2021, the IMF cut its global economic forecast for 2021 to a 5.2% growth rate from the prior 5.4% growth rate.

For 2022 and beyond, the global economy is expected to “moderate significantly” starting in 2022, the IMF said.

“Both advanced and emerging market economies are likely to register significant losses of output relative to their pre-pandemic forecasts,” said IMF chief economist Gita Gopinath, in a statement accompanying the report.

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LONDON–(BUSINESS WIRE)–Oct 14, 2020–

The global healthcare cloud computing market size is poised to grow by USD 25.54 billion during 2020-2024, progressing at a CAGR of almost 23% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013006088/en/

Technavio has announced its latest market research report titled Global Healthcare Cloud Computing Market 2020-2024 (Graphic: Business Wire)

Cloud computing, in addition to collaboration with healthcare professionals, policymakers, and technology providers is increasingly being used to tackle the American opioid crisis. Some of the advantages of using cloud computing in the healthcare

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By Suzanne Barlyn and Swati Pandey

NEW YORK/SYDNEY, Oct 14 (Reuters) – Asian equities slipped on Wednesday as halted COVID-19 vaccine trials and an impasse in U.S. fiscal aid package talks soured risk appetite, while the greenback held on to gains as demand firmed for safe-harbour assets.

Johnson & Johnson JNJ.N on Tuesday said it was pausing a COVID-19 vaccine trial due to a study participant’s unexplained illness.

Eli Lilly and Co LLY.N later said it too had paused the clinical trial of its COVID-19 antibody treatment due to a safety concern, leading the U.S. equity market to deepen losses.

J&J shares lost 2.3%, while Eli Lilly closed down nearly 3%.

“That just spoke to the fact that a vaccine could take longer to be delivered than what the market’s expectations are calibrated towards,” said CommSec market analyst Tom Piotrowski in Sydney.

MSCI’s broadest index of Asia-Pacific shares outside

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(RTTNews) – Global economy is set to contract less severely than feared initially, due to better-than-expected outcomes in the main economies in the second quarter despite the lockdowns to battle the coronavirus pandemic, but the outlook remains clouded with uncertainty, especially for the emerging markets, the International Monetary Fund said Tuesday.

In its latest World Economic Outlook, the lender forecast 4.4 percent contraction for the world economy this year, which was less severe than the 5.2 percent decline seen in June.

“This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partly by downgrades in some emerging and developing economies,” IMF Chief Economist Gita Gopinath said.

The global economy is expected to rebound with 5.2 percent growth next year, which was less than the 5.4 percent expansion seen earlier.

Economic output is forecast to be

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IBM Corp. said today the creators of an application that helps to connect and provide support for small farmers around the world have won the grand prize of its 2020 Call for Code Global Challenge.

Call for Code is an annual contest held by IBM that invites developers to create and deploy applications based on open-source technology that can tackle some of the most pressing challenges in the world.

The Agrolly app was created by a distributed team of developers based in Brazil, India, Mongolia and Taiwan who first met at Pace University in New York City. Tasked with creating a solution that can help communities fight back against climate change and COVID-19, they came up with Agrolly as a way to provide help and support for small farmers in developing nations that are struggling with reduced crop yields as a result of climate change.

Agrolly, which can be downloaded

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The International Monetary Fund announced on Tuesday new economic projections that mix both slightly better news for the short term and not-so-good news for the long term, as the coronavirus pandemic continues to hinder global growth.

The organization’s latest World Economic Outlook projects a global decline of 4.4% in 2020 – painting a rosier picture compared to its last update in June, when a 4.9% contraction was projected. The improved forecast reflects both better-than-expected second quarters – mostly for advanced economies – and indicators of strong recovery in the third quarter, according to the report.

A return to growth among advanced economies and China helped drive the revisions, the report notes. Chinese officials said on Tuesday that the country’s growth in exports accelerated in September, buoyed by a global demand for masks and medical supplies.

But the IMF also again downgraded its global outlook for 2021, projecting growth

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By David Lawder and Jan Strupczewski

WASHINGTON/BRUSSELS (Reuters) – Global finance leaders on Tuesday said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic, maintain stimulus and tackle mounting debt among poor nations could crush a fragile recovery.

At the start of the annual meetings of the International Monetary Fund and World Bank, the IMF issued slightly improved growth forecasts spurred by unexpectedly stronger rebounds from coronavirus lockdowns in the wealthiest countries and China.

The IMF said it now expected global gross domestic product to shrink 4.4% in 2020, compared to the 5.2% contraction it predicted in June, when business closures were at their peak. Some $12 trillion in stimulus supplied largely by advanced economies limited the damage, but poor countries and other emerging market economies faced a worsening picture, the global lender said.

“The story is less dire than we

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