By EDITH MUTETHYA in Nairobi, Kenya | China Daily | Updated: 2020-06-11 09:58As the world celebrated World Ocean Day on Monday, African countries were called on to take bold and innovative actions toward promoting, developing and implementing a sustainable conservation of the ocean and its marine resources.The African Development Bank said with its 38 coastal states, the African continent has countless assets to take advantage of the blue economy.The bank said African oceans are among the richest environmental resources in the world, and potentially offer sources of income to populations. It h...
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By Otiato Opali in Nairobi, Kenya | chinadaily.com.cn | Updated: 2020-06-09 11:37China's continued and incrementally growing investment in Africa has made it the continent's biggest trade partner, with experts estimating around 10,000 Chinese firms are currently operating throughout the continent and more than one million Chinese nationals in residence.Liu Fengchen is seen inside his grocery store in Nairobi, Kenya. [Photo by Otiato Opali/ chinadaily.com.cn]With the coronavirus having a devastating effect on businesses across Africa, Chinese businesses have had their fair share of slow...
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Furniture World NewsBy Nic Ledoux on 6/8/2020The US retail sector could take years to recover from the impact of the coronavirus, and the hit could be worse than that of the Great Recession. According to eMarketer’s latest forecast on US retail sales (which includes auto and fuel), total retail sales will drop by 10.5% this year, steeper than the 8.2% drop in 2009. Ecommerce is the only bright spot, jumping 18.0% this year, as Americans rely on Amazon and other online retailers for necessities. Total RetailIn 2020, total retail sales will drop 10.5% to $4.894 trillion, a le...
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Furniture World NewsBy Nic Ledoux on 6/1/2020MONTHLY RESULTS New OrdersWith March 2020 results being the first month showing effects of the COVID-19 virus, we finally saw some of the first poor results of the pandemic. New orders in March were down 29% from March 2019 and down 23% from February 2020. New orders in March were down for 87% of the participants. This followed a 6% increase reported for February when orders were up for 71% of the participants. Year to date, the March results dropped from a 4% increase for the first two months to an 8% decline through March ...
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