DavidsTea closing 82 stores in Canada and all 42 stores in the U.S. market

Insolvent beverage retailer DavidsTea is closing 82 stores in Canada and all 42 of its stores in the U.S. as it focuses on its e-commerce business and supplying grocery stores and pharmacies. The Montreal-based company announced Thursday that it is sending notices to terminate the leases at the 124 stores to take effect in 30 days. The move would affect about half of its workforce of nearly 2,500, including all 366 employees in the United States. It will also seek more favourable lease terms for the remaining 100 stores in…

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Singapore will emerge from COVID-19 crisis a stronger society, with renewed sense of identity and values

Singapore will emerge from the COVID-19 crisis a stronger society, with a renewed sense of identity and values, said Deputy Prime Minister Heng Swee Keat has vowed to leave no Singaporean behind. Mr Heng was delivering the sixth and final speech in a series of national ministerial broadcasts on Singapore’s post-COVID-19 future. “Our economy will emerge stronger, creating better jobs and business opportunities for all Singaporeans. And our society will emerge stronger, leaving no one to walk this journey alone,” he said. “We will emerge stronger as one people, our…

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Tanzania’s East Africa Fruits closes Series A funding worth $3.1m

Tanzanian agri-tech company East Africa Fruits has closed a Series A funding round worth US$3.1 million as it aims to build essential supply chain infrastructure and better transport fresh produce directly from farms to urban marketplaces. Founded by social entrepreneur Elia Timotheo in 2013, addresses food distribution challenges to improve efficiencies in the farm-to-market sector via a B2B e-commerce platform. The company provides a stable, fair market for horticulture crops by aggregating supply and demand and improving cold chain distribution and warehousing infrastructure that reduces post-harvest loss and increases availability…

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Deliver Addis expands to online marketplace

Deliver Addis (Universal Courier Services PLC), the pioneer e-commerce company in Ethiopia primarily enraged in food delivery, now expands its business to online marketplace in response to increased demand caused by the COVID-19 outbreak. The new online marketplace of Deliver Addis enables Ethiopian consumers to shop for groceries and other essential goods online, the company said. Since RENEW and the Impact Angel Network (IAN) invested in Deliver Addis, the company’s daily deliveries have grown 630%. Roadrunner and Deliver Addis’s core competitive advantage is the technology platform they use, designed by…

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Coronavirus update: Global death toll tops 360,000 as Brazil, South Korea, Iran and the Philippines record spikes in new cases

South Korea has closed more than 200 schools that had reopened Wednesday, after recording 79 new cases of COVID-19 on Thursday, as the Guardian reported. South Korea was widely praised for its initial response to the pandemic, implementing a robust testing-and-tracing program that appeared to have succeeded in containing the disease’s spread. Officials have been working to trace a cluster of infections in Seoul that appeared to have come from nightclubs. The country is now postponing the reopening of a further 800 schools. In the U.S., the Centers for Disease…

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