Why unemployment is rising

Rising COVID-19 cases are driving up the use of therapeutics, with Pfizer Inc's oral antiviral treatment Paxlovid seeing a 315% jump over the past four weeks, U.S. health officials said on Tuesday. The increase in U.S. cases and hospitalizations is starting to affect recommendations on behavior, with New York City, the nation's most populous city, advising stricter mask usage but stopping short of new mandates. Apple has scrapped return to office plans. "Increasingly, we'll see this virus hit people who are substantially older, frail, have underlying illnesses, or are distinctly immunocompromised," said Dr. William Schaffner, infectious disease expert at Vanderbilt University Medical Center in Nashville. "But we now have better treatments and many of those people will leave the hospital vertically rather than horizontally." The United States is averaging nearly 97,000 new cases a day, up from about 73,000 a week ago, according to a Reuters tally. Cases have been gradually … [Read more...] about As U.S. COVID-19 cases rise, so does demand for antivirals

Customers buying MEATDeli, a product of Masan MEATLife, at a Vinmart+ store. — Photo thitmatmeatdeli.com HÀ NỘI — Higher animal feed prices have eroded livestock companies’ profits in the first quarter of 2022. VNDirect Securities Corporation said that the Russia-Ukraine conflict had a negative impact on the animal feed industry as supplies of raw materials for animal feed production like corn, soybeans and wheat, are disrupted, causing prices to rise sharply. The two countries are respectively the world's leading and third largest wheat exporter, accounting for one-third of the total trade of this commodity. Besides, Ukraine is the second largest corn exporter, accounting for 22 per cent of the world turnover. As of early April, the price of imported corn at Cái Lân port, Quảng Ninh Province, reached VNĐ9,200-9,500 per kg (US$0.4-0.41 per kg), an increase of 20-25 per cent compared to the end of 2021 and up 50 per cent over the same period last year. The average price of … [Read more...] about Livestock companies profit hit by rising animal feed prices

Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time

AI tech solutions helping to fast-track recruitment in HR-illustration photo, source:freepik L’Oreal is one of the world’s largest cosmetics and beauty corporations with more than 80,000 team members globally. The French corporation gets about five million applications for roughly 15,000 new positions each year. The vast number of applications took up a great deal of L’Oreal’s money and time for the personnel selection process. Things got easier when the corporation adopted a modest approach by applying AI to the recruitment process in an intern programme. A representative of L’Oreal said that 12,000 applicants with 80 spots were quickly processed by AI, saving 200 recruiting hours compared to the previous full human-powered review process. Meanwhile, Unilever, one of the world’s leading multinational companies specialising in food, home, and personal care products, also said that around 70,000 person-hours of interviewing and assessing candidates had been cut, thanks to the … [Read more...] about AI tech solutions helping to fast-track recruitment in HR

Shannon Leahy – Trade Commissioner, Austrade and Nguyen Thi Thanh Thuy – General Director of BRG Retail. — Photo courtesy of Austrade The Taste of Australia 2022 is being held to showcase the best of Australian food, building on Australia's international reputation as a high-quality, safe, and sustainable supplier of food and beverages. The event aims to celebrate a strengthening bilateral relationship, flourishing trade and equally vibrant culinary cultures. This year's programme kicked off with a launch in HCM City on April 20. It will run through the month of June with a range of official events run by the Australian Embassy in Ha Noi, the Australian Consulate-General in HCM City and the Australia Trade and Investment Commission (Austrade). Taste of Australia 2022 has partnered with up to 40 of the best restaurants and prestigious chefs from diverse culinary cultures in both Ha Noi and HCM City to highlight the versatility and first-class quality of true Australian produce … [Read more...] about Taste of Australia 2022 aims to strengthen Viet Nam – Australia relationship

Female workers at a garment company in Đồng An Industrial Zone in the southern province of Bình Dương. — VNA/VNS Photo Chí Tưởng HÀ NỘI — Further empowering women will help improve Việt Nam's garment and footwear sectors after the COVID-19 crisis, evidence from the ILO’s flagship programme has shown. 'Better Work Việt Nam' worked with the Việt Nam Chamber of Commerce and Industry (VCCI) and was supported by the Australian Government and other donors, to organise a national conference on women’s empowerment during the COVID-19 recovery in Hà Nội on Wednesday, towards a more resilient garment and footwear sectors. Better Work Việt Nam is a unique partnership between the ILO and the International Finance Corporation (IFC), a member of the World Bank Group, with the ultimate goal of improving working conditions and boosting the competitiveness of these key export industries of Việt Nam. Facing the COVID-19 crisis, the programme gave gender a greater priority in recognition of the … [Read more...] about Improved gender equality vital to recovery of garment, footwear industries