Coronavirus

Digital acceleration in the time of coronavirus: Asia-Pacific

A global survey of 600 technology decision-makers conducted by MIT Technology Review Insights, in association with VMware, finds that most organizations in Asia-Pacific and the world over had largely prepared for the online commerce and remote working the pandemic made compulsory. More than three quarters of Asia-Pacific organizations had made digital and IT investments—and their efforts augmented their collective ability to handle new ways of doing business.

Six out of 10 Asia-Pacific respondents indicate they had business-continuity plans in place, although less than half consider them effective. By contrast, organizations that had heavily invested in digital transformation—incorporating modern technologies in processes and strategies to achieve business goals—universally found that their plans worked. These “digital leaders,” as we refer to them in this study, have built robust digital foundations to support the technologies they need to better respond to change.

“We call ourselves a technology company,” says Gautam Aggarwal, regional chief

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Hackers try to penetrate the vital ‘cold chain’ for coronavirus vaccines, security team reports

The hackers took measures to hide their tracks, and the cyber-sleuths did not name which state might be behind the campaign.

The IBM team said it was not known why the hackers were trying to penetrate the systems. It suggested the intruders might want to steal information, glean details about technology or contracts, create confusion and distrust, or disrupt the vaccine supply chains themselves.

The hackers probably sought “advanced insight into the purchase and movement of a vaccine that can impact life and the global economy,” the IBM team said.

As there was “no clear path to a cash-out,” as there is in a ransomware attack, it increased the likelihood of a state actor. However, the IBM sleuths cautioned, it was still possible that criminals could be looking for ways to illegally obtain “a hot black-market commodity,” such as an initially scarce vaccine.

The new generation of RNA vaccines, such

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Payments, global trade head for digital ‘tipping point’ as coronavirus pandemic forces shift in business environment

Digitisation in payments and global trade has reached a “tipping point” as a result of the challenges created by the coronavirus pandemic, creating a new level of comfort and trust in digitally driven transactions, according to a panel of fintech experts.” data-reactid=”28″Digitisation in payments and global trade has reached a “tipping point” as a result of the challenges created by the coronavirus pandemic, creating a new level of comfort and trust in digitally driven transactions, according to a panel of fintech experts.

Global trade has entered a new era where the digital economy is going to be the centre of the world’s economic structure, according to Jack Zhang, chief executive and co-founder of Tencent Holdings-backed payments operator Airwallex.

Airwallex saw usage by its customers jump by 53 per cent in the second quarter from the first, with some of its e-commerce customers experiencing 200 per cent growth

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Coronavirus surge, renewed lockdowns fan fresh worries about global fuel demand

By Ahmad Ghaddar, Stephanie Kelly and Laura Sanicola

LONDON/NEW YORK (Reuters) – Surges in coronavirus infections are slowing a recovery in fuel use from the doldrums of lockdowns in the United States and other countries, raising concern it could be years before consumption rebounds from the impact of the pandemic.

Global fuel demand fell by around a quarter at the peak of the lockdowns, when over 4 billion people worldwide were asked to stay at home. The unprecedented decline in demand forced producers to make record output cuts and pump hundreds of millions of barrels of oil into storage.

Fuel consumption and oil prices had recovered some ground as governments relaxed restrictions on population movements and the output cuts stemmed the glut.

That recovery is stalling, however, as infections swing upward in top fuel consumer the United States, as well as in other major economies such as Brazil and India.

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Top-Performing Technological ETFs Amid Coronavirus Crisis

The technological sector has kept its promise of strong returns so far this year, combatting the economic slowdown induced by the coronavirus pandemic. The S&P 500 Information Technology Sector Index has gained around 18% so far in 2020 as against the broader S&P 500 index’s loss of 2.4%. Going on, it is being widely believed that the major technology companies’ resilience to the coronavirus crisis have been supporting the Nasdaq Composite index. Major technology stocks like Facebook (FB), Microsoft (MSFT), Apple (AAPL), Netflix (NFLX) and Alphabet (GOOGL) are all positive in 2020 so far. Moreover, Amazon (AMZN) has supported the Nasdaq by gaining more than 45% in the year.

On major support from Amazon and Microsoft, the tech-heavy Nasdaq Composite index gained 0.5% on Jul 9 in spite of its major market peers declining by more than 0.5%, largely due to rising coronavirus cases.

The second half of 2020 is

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