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Covid-19 Update

Fraud epidemic hits Britain

LONDON (CU)_The COVID-19 pandemic initiated a major digital transformation across the globe, as people were confined to their homes, working remotely, and depending on online shopping and delivery services to meet their day-to-day needs. These circumstances increased reliance on online transactions and digital banking services, as the use of notes and coins accelerated…  the risk of spreading the virus among people. Therefore, fraudsters have decided to capitalise on these circumstances, as more people fell prey to scams and fraudulent schemes. The situation has been particularly widespread in the United Kingdom, with the country's speedy payments infrastructure, together with the use of...

Malaysia’s Booming Rubber Glove Industry

The onset of COVID-19 has increased the demand for personal protective equipment (PPE). This will continue to rise, and the World Health Organization (WHO) estimated that some 89 million medical masks, along with 76 million examination gloves and 1.6 million medical goggles are needed each month to respond to the pandemic. This upsurge in demand for PPE presents many scalable opportunities in Malaysia’s rubber glove industry, especially as the government...

Demand for home loans exceed pre-pandemic levels

JOHANNESBURG (CU)_Just like in every other country in the world, the COVID-19 pandemic severely affected the lives and livelihoods of millions of people in South Africa. Nationwide lockdowns triggered by the deadly Coronavirus saw a sharp increase in unemployment and consumer demand, as businesses were forced to shut down and investments reached record low levels. The situation had a significant impact on the country's housing market, with the potential...

76ers’ Ben Simmons arrives in Philadelphia amid trade tension

76ers All-Star Ben Simmons has arrived in Philadelphia and taken a COVID-19 test, per the NBA's protocols, these protocols were put in place so that the players and people around them would be safe as it is near impossible to be masked when playing sports. Prior to his arrival, sources confirmed that Simmons and his agent, Klutch Sports CEO Rich Paul, were… working around the clock on a resolution to have...

Multi-million pound cash injection to save hundreds of jobs

LONDON (CU)_Over the past few years, United Kingdom's steel industry has been struggling as a result of many challenges and the situation was further aggravated by Brexit and the COVID-19 pandemic which caused a sharp downturn in economic activity. Amidst these challenges, British industrial and metals company Liberty Steel was forced to pause operations at the plants in Rotherham and Stocksbridge, following the collapse of the company's main lender...

American Biotech Company to help the poorest

CAMBRIDGE, Massachusetts (CU)_As many countries across the globe continue to expand their vaccination campaigns with the aim of containing the speared of the Coronavirus. However, this has not been the case in the African continent, where less than 4.5 per cent of the entire population has been fully vaccinated by the end of last month. This owing to the fact that countries across the region have been relying on...

Somalia launches its first public oxygen plant at Mogadishu

Mogadishu, Somalia (CU)_ The first public oxygen plant in Somalia was launched last week, providing a ray of optimism for a country where a life-saving coronavirus therapy has been mostly inaccessible to patients during the outbreak. Global demand for medical oxygen has increased dramatically in response to the COVID-19 pandemic, with several nations experiencing severe shortages. According to a research published in May in the medical journal The Lancet, based...