UN: Covid-19 pandemic ‘drying up’ innovation | Malay Mail

A man wears a mask as he walks through Knightsbridge, as the number of coronavirus cases grow around the world, in central London March 14, 2020. — Reuters pic

He said no figures were available yet on the impact the pandemic was having on research and development spending, but there were clear indications that “money to fund innovation is drying up around the world.”Fresh start-ups and start-up companies requiring long-term research and development investment, or based in developing countries, were likely to suffer the worst.

The ranking closely resembled recent years’ findings, with Sweden, the United States, Britain and the Netherlands following Switzerland as the most innovative nations.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Italy plunges into recession as Covid-19 bites | New Straits TimesROME: Italy posted a record economic contraction Monday as household spending and investment crashed during the country’s coronavirus lockdown, driving the eurozone’s third-largest economy deep into recession.
Source: NST_Online - 🏆 17. / 53 Read more »

Factories shaking off Covid-19 gloom but outlook shaky | Malay MailLONDON, Sept 1 — Factories across Europe and Asia continued to shake off the coronavirus gloom in August as the global economy gradually emerges from a downturn triggered by the health crisis, thanks in part to massive fiscal and monetary stimulus programmes. Surveys showing an expansion in...
Source: malaymail - 🏆 1. / 86 Read more »