Business in Times of a Pandemic: Will the World Put the Breaks on the Record-high Unemployment Rates?

picture of worried man in a tie sitting on stairs

Source: depositphotos.com

Reading time: ten minutes

The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.

In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.

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BlackBerry’s Q1 2021 Revenue Down 17%, Company’s CEO Assures Investors Recovery Is in Sight

Picture of a turned off BlackBerry phone device

Source: Pexels |  Photographer: Alessandro Nofi

Reading time: two minutes

The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.

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China’s State-backed E-Currency – Everything You Need to Know

Graphic representation of China's digital Renminbi

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.

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