The whole mankind of this planet is now living in a completely unknown socioeconomic environment amid the Covid-19 pandemic. Almost all organisations of all sizes and sectors, including professional accountants and auditors, are now facing unexpected and extreme challenges across the world. The industry and service sectors...
A pair of sentences, published on April 17, show us how strange globalization has become: "Two semi-trailer trucks, cleverly marked as food-service vehicles, met us at the warehouse. When fully loaded, the trucks would take two distinct routes back to Massachusetts to minimize the chances that their...
A recent United Nations report on the private business sector shows that the majority of companies are not doing enough to help bring about the UN’s 2030 Agenda for Sustainable Development Goals (SDGs). The progress on bringing about a sustainable future for people and the planet is patchy,...
After months of economic turmoil triggered by the long coronavirus lockdown, battered small and medium-sized businesses are attempting to pick up the pieces. The post-confinement world remains a deeply uncertain one, with many business owners battling for survival and hoping they can hang on long enough to...
The novel coronavirus originated in China, the global supply chain hub, in late December and has since rapidly spread to all corners of the world, affecting hundreds of thousands of people and imposing significant economic implications. Bangladesh, a growing economy in South Asia, is no exception and...
The deadly coronavirus has started to take an outrageous toll. More than nine-and-a-half million people across the globe have been infected while nearly half-a-million people unfortunately lost their lives to the disease. The real danger though is that nobody really knows what the depth and breadth of...
Although global trade has been thoroughly battered by the ongoing coronavirus pandemic, the World Trade Organisation (WTO) believes the worst could be over as supply chains are slowly returning to normal due to rising demand. International trade fell sharply in the first half of the year as...
World trade fell sharply in the first half of the year because the Covid-19 pandemic upended the global economy. However, rapid government responses helped temper the contraction, and World Trade Organization (WTO) economists now believe that while trade volumes will register a steep decline in 2020, they...
United Nations (UN) Secretary-General Antonio Guterres has called for the protection of jobs amid Covid-19. The pandemic has turned the world of work upside down. Every worker, every business, and every corner of the globe has been affected. Hundreds of millions of jobs have been lost, said...