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Global e-commerce jumps to $26.7 trillion, fuelled by COVID-19

May 4, 2021 | , , ,

The digital retail economy experienced the most growth in the Republic of Korea, where internet sales increased from around one in five transactions in 2019 to more than one in four last year.

The UK also saw a spike in online transactions over the same period, from 15.8 to 23.3 per cent; so too did China (from 20.7 to 24.9 per cent), the US (11 to 14 per cent), Australia (6.3 to 9.4 per cent), Singapore (5.9 to 11.7 per cent) and Canada (3.6 to 6.2 per cent).
“These statistics show the growing importance of online activities”, said Shamika Sirimanne, UNCTAD’s director of technology and logistics. “They also point to the need for countries, especially developing ones, to have such information as they rebuild their economies in the wake of the COVID-19 pandemic.”

HC asks Centre why it should not face contempt for failing to supply oxygen

May 4, 2021 | , , ,

A bench of Justices Vipin Sanghi and Rekha Palli also rejected the Centre’s submission that Delhi was not entitled to 700 metric tonnes of medical oxygen in light of existing medical infrastructure.
“We see grim reality everyday of people not able to secure oxygen or ICU beds in hospitals which have reduced beds due to gas shortage, the high court said.

Pfizer lifts sales forecast for coronavirus vaccine to $26 billion

May 4, 2021 | , , ,

The raised goal assumes 1.6 billion doses of vaccine, which is co-developed with BioNTech SE, will be delivered in the year, with the two-shot vaccine emerging as the best-selling product for the U.S. drugmaker in the first quarter.
“Based on what we’ve seen, we believe that a durable demand for our COVID-19 vaccine – similar to that of the flu vaccines – is a likely outcome,” Chief Executive Albert Bourla said in his prepared remarks.

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