Home / CNBC For Kurunzi News

CNBC For Kurunzi News

AstraZeneca shares drop 6% after company announces ‘routine’ safety pause in coronavirus vaccine trial

AstraZeneca shares fell more than 6% in after-hours trading Tuesday after the company said its late-stage trial for a potential coronavirus vaccine had been put on hold due to safety concerns. “This is a routine action which has to happen whenever there is a potentially unexplained illness in one of …

Read More »

Brazil, India and South Africa face toughest recovery among G-20 nations, study finds

Brazil, India and South Africa face the harshest road to recovery of all the G-20 (Group of 20) major economies, according to a new study. The three nations have the second, third and fifth largest Covid-19 caseloads in the world respectively, but Verisk Maplecroft’s Recovery Capacity Index also identified underlying …

Read More »

Governments have collected large amounts of data to fight the coronavirus. That’s raising privacy concerns

Technology has enabled the world to respond quickly to the coronavirus pandemic — but solutions through mass data collection have also raised questions about privacy rights. Digital check-in systems, wristband trackers and mobile applications are just some examples of the surveillance technology implemented by governments to monitor and track the …

Read More »

From live-streaming to online shopping, more and more China jobs are going digital

More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July, according to official data released by the government Friday.  The official jobless rate …

Read More »

IMF says Asia’s economy will shrink ‘for the first time in living memory’ due to the coronavirus

Asia’s economy is expected to shrink this year “for the first time in living memory,” the International Monetary Fund said, warning that the region could take several years to recover.   The fund said in blog post published Tuesday that Asia’s economy will likely contract by 1.6% this year — a downgrade from …

Read More »

Countries are ‘highly unlikely’ to impose full lockdowns again if there’s a second wave, analysts say

Countries are very unlikely to impose another full lockdown even though there’s a resurgence of new coronavirus cases in some parts of the world, analysts told CNBC. The situation is unlikely to be a repeat of March, Suresh Tantia, senior investment strategist at Credit Suisse’s APAC CIO office, told CNBC’s …

Read More »

Argentina and Turkey could soon lose their emerging markets status, MSCI warns

One of the world’s largest benchmark index providers has warned Argentina and Turkey could soon be removed from the MSCI Emerging Markets Index should it become increasingly difficult for foreign investors to access their respective equity markets. “While volatility increased dramatically due to the Covid-19 pandemic, global equity markets remained …

Read More »