Monday, 8th August 2022
<To guardian.ng
Search

Covid-19: Some business ideas to consider during the downturn

By Guardian Exclusive
16 July 2020   |   11:00 am
The effect of the COVID-19 pandemic on the economy has been huge and the cost of living is at an all-time high. While some entrepreneurs are complaining about the downturn in the economy, some are cashing out.⁣⁣⁣ Here are some business ideas you might want to consider during this crucial period.⁣⁣⁣

Related

1 May
French voters have re-elected Emmanuel Macron for another five-year term, handing him victory over far-right candidate Marine Le Pen for the second time in a row. So what's next for the French economy and the number one issue for voters, the cost of living crisis? Kate Moody asks Frederik Ducrozet, senior European Economist at Pictet Wealth Management.
3 May
India's job market is tightening, and skilled workers are finding it harder to enter the workforce. Government job drives and the informal economy have been unable to make up the difference.
7 May
More European businesses in China are looking to shift their investments due to the country's strict coronavirus lockdowns, according to the European Chamber of Commerce.
9 May
The World Health Organization said more than twice as many people died as a result of the COVID pandemic than official data shows, if including deaths of other causes that might not have occurred in more typical times.
15 May
Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.
15 May
Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.
16 May
New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to damage from a heatwave. Finally, we see how tourists are returning to Barcelona. The development is good news for local businesses but could revive tensions over mass tourism.
17 May
Nigerian entrepreneur Mustapha Gajibo has been converting petrol mini-buses into electric vehicles at his workshop, but he is now going a step further to build battery-powered buses from scratch in a push to promote clean energy and curb pollution.
18 May
The Chinese economy is slowing down markedly as strict lockdowns send big cities into hibernation. Repercussions will be felt in Germany, too.
18 May
Japan's GDP fell at an annualised rate of 1 percent in the first three months of this year as the Omicron variant of the coronavirus hampered consumer spending. Rising commodity prices also weighed on businesses in the world's third-largest economy. Plus, as unemployment remains stable in France at 7.3 percent, a steelworks factory in the northern city of Dunkirk is offering a cash bonus to employees to encourage them to recruit family members.
24 May
The World Health Organization will open its annual health assembly, bringing together 194 member states in Geneva. Russia's attacks on healthcare facilities in Ukraine will be center stage during the meeting.
29 May
While most advanced economies are recovering from the worst effects of the pandemic, labour markets are facing a new and unexpected challenge: a shortage of workers. It's one of the issues business leaders are discussing at the World Economic Forum in Davos, Switzerland. Christophe Catoir, President of Adecco, tells FRANCE 24's Business Editor Kate Moody that the problem could persist for several years to come.