Skip to main content

Unexpected Effects of CORONA-VIRUS

Image Source: Flickr


Corona-Virus is not setting down its pace. This virus is continuously effecting many countries by economically and by some climatic condition. Some effects are good for countries while some are not.
Because of this Corona-Virus many countries lock-down themselves for preventing from Corona. Due to this lock-down effects in climate condition, oil price, production of cars, share market and many more.

In our last blog we briefly explained the origin, effects on human of coronavirus. And in this blog we are going to explain the effects that Corona-Virus is impacting on all countries.

Effects that we are going to discuss in this blog are,
  • Top companies loses their profit.
  • Oil demand is shrinking for the first time in 10 years.
  • Oil price deduction of oil.
  • China is cleaning or destroying cash.
  • Dramatic effect of Coronavirus.

Top Companies loses their profit

Because of the lock-down many top brands closes their stores, due to which they are facing loses in the profit. In China many top brands such as Nike, Starbucks and Capri Holding closes their store because of lock-down.

Apple, one of the worlds profitable company announces to their investor that they can't meet the revenue guidelines provided for the upcoming march quarter.

According to CNN, "Disney, another major investor in China, could lose as much as $280 million while its theme parks in the region are shuttered. Both Shanghai Disneyland and Hong Kong Disneyland are closed indefinitely, and the company said its 2020 earnings will likely suffer as a result."

Oil Demand is Shrinking for the first time in 10 years

Image Source: Flickr

Because of this virus, government ordered an temporary lock-down causes all companies to shut their store. This lock-down causes to shuttered decline in oil demand around the globe. In the first three months of 2020 Global oil demand is expected to drop by 435,000 barrels compared to the same period last year.

Due to shrinking demand of oil around the globe causes a decline in price of Oil.

China is cleaning or destroying cash

In China Corona-Virus affected many buildings, parks, roads, metro-stations, airport, and many many things, this includes cash also. Now The People's Bank of China announced that they are going to disinfect its cash using ultra-violet rays and high temperatures.

Dramatic effect of Corona-Virus

Image Source: Nasa's Twitter account
This image is taken by NASA and clearly showing the emission of NO2 in china compare to earlier days and present day. NO2 is a gas that is emitted from production factories, vehicles such as cars and buses, power plants.
This decline in NO2 is majorly caused by economic slowdown and travel restrictions.

Image Source: CNBC
This image if from Venice the best place to spend holidays.In Venice, the often murky canals recently began to get clearer, with fish visible in the water below. Italy's efforts to limit the coronavirus meant an absence of boat traffic on the city's famous waterways. And the changes happened quickly.

Reference: CNN
Labels:

Comments

Post a Comment

Popular posts from this blog

Microsoft Edge is now ready for Linux

Image Source:- Techspot.com From recent period, Microsoft is planning to take step towards Linux by releasing its Chromium based Microsoft Edge browser. Microsoft Chromium based Edge browser already running on many flavors of Windows,  like Windows 7 up-to Windows 10, but now Microsoft is planning to span its area by providing Chromium based Edge browser to Linux as well as Mac. Microsoft's Edge is ready to come with dark mode and a set of exciting features to Linux. Announcing the news during its “ State of the Browser ” session (around the 8min 24 mark) at the Ignite 2019 conference in Orlando, USA, Microsoft say that Edge for Linux will be out next year. According to some rumors Microsoft edge is ready to launch for Linux on January 15, 2020. But personally I would not recommend to rely on these rumors because Microsoft haven't released any official release date for its Chromium based Microsoft Edge browser. For Microsoft's Chromium based Edge brows...
Post a Comment
Read more

Teslas can now see and slow for traffic lights and stop signs

Image Source: Flickr A new update is ready to rollout in a software of Tesla Cars by which cars can see and respond to traffic lights and stop signs, in response to these sign Tesla Cars will slow down its speed. This is a very good news for only those Tesla Cars owners which have third versions of the onboard computer that empowers "Autopilot", which refers to "Hardware 3". Yes, this means not all Tesla Cars are going to receive this updates. The feature "slow for traffic lights and stop signs" is still in under "beta update" and the testers are facing many issues like car is not slowing down its speed if there is some obstacles between view-sight of traffic lights and car, or between the stop-signs and cars, slowing down for every object that seems like a traffic light(picture) and objects or stop-signs. This feature won't work at railroad crossings or pedestrian crosswalks. Image Source: Flickr If Tesla Cars owners which...
Post a Comment
Read more

Asia's Richest Person is now new competitor of Amazon and Walmart's Filpkart

Image Source: flickr Asia's richest person is now ready for e-commerce market and ready to give tight competition to Amazon and Flipkart. After spending billions on new regulatory changes that Indian government made on this e-commerce market, now Amazon and Flipkart have to face new challenge. Mukesh Ambani the richest person of Asia is now going to start its own e-commerce platform, named JioMart . Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft-launched JioMart , their e-commerce venture that works closely with neighborhood stores, in parts of the state of Maharashtra — Navi Mumbai, Kalyan and Thane. JioMart being marketed as "Desh ki nayi dukan"(country's new store) similar to Amazon "Apni Dukan". Jio users will get extra benefits from JioMart. According to rumors Jio users will recieve extra discounts and express free delivery from Jio Mart on any purchases. Amazon and Flipkart...
Post a Comment
Read more