The impact of coronavirus on education, technology, manufacturing, and arts and entertainment industries

The impact of coronavirus on education, technology, manufacturing, and arts and entertainment industries

 

China’s software industry has registered a decline in revenue due to the coronavirus epidemic. More new updates in the past 24 hours on the impact of coronavirus on education, technology, manufacturing, and arts and entertainment industries have been provided below.

Education

Texas State Technical College to Allow Some Students to Complete the Semester

• Texas State Technical College announced that it had been authorized by the Texas Higher Education Coordinating Board to allow some students to finish the semester. Only those undertaking courses that require hands-on work will resume in its ten campuses. A limited number of employees will also return to work.

Schools in Hungary to Remain Closed Until End of May

• The government of Hungary has today said that school closure will continue until the end of May.

School Closure in New York to Continue for the Rest of the Academic Year

• The governor of New York has said that school closure in the state will continue for the rest of the academic year as a measure to curb the spread of the coronavirus in the state. However, virtual learning will continue. The governor said that the officials are investigating social distancing best practices for the school setting before they are reopened.

Technology

• The software industry in China has recorded a decline in revenue in the first quarter of 2020 due to the global novel coronavirus pandemic. According to statistics from the Ministry of Industry and Information Technology, the industry earned a total revenue of 4 trillion yuan, a reduction by 6.2% year on year. Employment in the sector was up by 1.7% in the first three months, but gross earnings reduced by2.7% year on year.

Manufacturing

• According to Make U.K., the output from British manufacturers is likely to fall by over 50% amid the COVID-19 crisis. About 80% of manufacturers in the country are reporting a decline in orders.
• A survey conducted by the trade body on 297 manufacturers shows that 75% of its members were already recording a reduction in sales. Moreover, Britain’s Office for Budget Responsibility said that output in the manufacturing sector could fall by 55% in the second quarter of 2020.

Arts and Entertainment

• After assessing India’s entertainment industry, top producers, actors, and distributors from Bollywood believe that it could take two years for the film sector to recover from the coronavirus crisis. The pandemic has threatened tens of thousands of jobs and big-ticket projects.

Development in Updates

• The University of Notre Dame is the latest elite university in the U.S. to decline $6 million federal funding under the CARES Act. The institution had initially announced on April 22 that it would use the money to provide financial assistance to students whose families have been severely affected by the pandemic.