Source: Depositphotos
Reading time: five minutes
For the past several months, the Chinese government has been hard at work to create an electronic equivalent of its national currency—the Renminbi. If successful, the e-RMB will become the first digital currency to be officially used by a leading economic power.
With that said, there are growing concerns that Chinese officials might abuse the power that comes with a state-backed digital currency to further their nationwide surveillance efforts.
Source: Pexels | Author: Anna Shvets
Reading time: 10 minutes
If we can all agree on one thing, it’s that the world will never be the same after COVID-19.
It has been estimated that the better part of the global population currently faces travel restrictions, about 25 million people in aviation and a 100 million more in the travel sector are at risk of losing their jobs, and the world is still reeling from the billions upon billions of lost profits. In unprecedented times like these, many are wondering if the days of travel as we remember it are over.
Source: Unsplash.com | Author: Braden Collum
Reading time: 6 minutes
In the span of just a couple of months, the coronavirus pandemic managed to shake the foundations of the global economy, dramatically alter our day-to-day lives, and generate unprecedented unemployment levels on a global scale, all without breaking a sweat.
And while the disrupted supply chains posed significant financial risks to a great degree of companies, for some sectors the virus turned into an unexpected stairway to success. LEt’s take a look at who are the winners and losers in the fight against COVID-19.
The global experts are unanimous that the coronavirus has caused an unprecedented crisis, comparable in scale and gravity to the Great Depression from the 1930s. And despite being obvious that the end of the pandemic is far and the crisis is only beginning, investors and analysts already make forecasts and draw plans for recovery.
Since the beginning of this year the world is living under the threat of the new coronavirus SARS-CoV-2, more popular with the name of the illness it causes – COVID-19. It is dangerous both to the people and the economy and, though in the beginning the concerns about the economy were only moderate, in the past few weeks pessimism, at moments reaching apocalyptic forecasts, took hold of analysts, investors, business people (big and small) and common people alike. The questions which is more important – economy or health – spark fierce debates.
This is why we asked Martin Tarpanov – a professional dealer with over 15 years of experience, head of the Fixed Income Securities Trading department in Deltastock and member of the company board – for his views on the global economy, the measures and the consequences of the pandemic.
In the first part of the article we examined the effect of the coronavirus COVID-19 in China has on some of the neighbouring countries. In this we will turn our attention to the industries reaching far beyond China.
Since China produces all kinds of goods and components for other goods, the quarantine in Wuhan, which is a significant industrial and transportation hub, as well as the overall transport limitations, inevitably affect the production of almost everything – from smartphones, through automobiles, to medications.