FT News Briefing How Covid-19 finally caught up with Taiwan
Jun 1, 2021
Pet ownership exploded during the pandemic, boosting a pet insurance company to a $2 billion valuation. Meanwhile, a director from the Final Fantasy franchise predicts that 5G technology could shake up the gaming console market. In Taiwan, strict new lockdowns are being implemented to combat a significant COVID-19 outbreak, impacting daily life and chip manufacturers. As Taiwan grapples with these challenges, it shows remarkable economic resilience, especially in its robust tech sector.
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Pandemic Pet Boom
- Over 3 million UK households got a pet during lockdown.
- This "pandemic pet boom" significantly benefited the pet insurance industry.
5G's Impact on Gaming
- Faster 5G speeds may reduce reliance on gaming hardware like consoles, according to Square Enix director, Noki Yoshida.
- However, this shift will likely be gradual, as consoles remain popular.
Taiwan's COVID Outbreak
- Despite strict controls, Taiwan is experiencing its worst COVID-19 outbreak.
- Cases increased significantly in three weeks, causing concern.