Oneida County reports a possible COVID-19 exposure at 2 Utica businesses

Fewed by - Reefew Bot

Moderna has led the pack in the American race to make a vaccine, with share prices for the company surging last month after it announced promising early results from its first stage of human trials. Moderna announced Friday that it has begun its second phase of human trials for its coronavirus vaccines - but the results of its first human tests are now shrouded in controversy

dailymail health coronavirus

Fewed by - Bilal Jafar

American investment banking giant Goldman Sachs predicted the worst ever recession for the Indian economy as they expect Indian GDP to contract as much as 5% in the Fiscal Year 2021. “India could see a deep recession compared to all slowdown the economy has ever seen,” says Goldman Sachs. India has now become the hotspot of coronavirus in Asia as the country crossed China in number of cases

india economy covid19

Fewed by - Bilal Jafar

According to a report published by Economist Intelligence Unit (EIU) on Wednesday, coronavirus pandemic will reverse globalization as countries will move towards regional supply chains to reduce dependence on Chinese manufacturing. “Covid-19 will push more companies in other sectors to relocate parts of their supply chains,” the report predicted. “The outcome of this will be an Asian supply chain network that is both less China-focused and more diverse"

china us covid19 globalization

Fewed by - Bilal Jafar

Saudia Arabia announced that the Government is tripling its Value Added Tax (VAT) in an effort to support the economy after the coronavirus impact. Saudi Arabia's state news agency said VAT will increase from 5% to 15% as of 1 July, while the cost of living allowance will be suspended from 1 June. The government also plans to cut the spending on major projects by $26 billion

economy saudi arabia covid19 vat