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The St Kitts Nevis Observer
(CNN) – Covid-19 infections have been rising at an alarming rate for eight consecutive weeks, the World Health Organization (WHO) has warned, as the virus sweeps unabated through hotspots in several corners of the globe.
More than 5.2 million new cases were recorded last week the most in a single week since the pandemic began WHO Director-General Tedros Adhanom Ghebreyesus said during a news briefing in Geneva on Monday.
Deaths also increased for the fifth straight week, he said, with the pandemic now officially claiming more than 3 million lives.
And Tedros warned that the pace of the pandemic is accelerating, even as some countries tout their own improved vaccination programs.
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Dive Brief:
Oatly sold $421.4 million worth of products in 20 countries worldwide 2020, an increase of 106% over sales in 2019, according to a preliminary F-1 filed with the U.S. Securities and Exchanges Commission in preparation for the Swedish oat milk titan s initial public offering in the United States. The Americas was Oatly s second largest market, responsible for $100 million of those sales, and 71% of the company s total gross profits came from retail sales.
Despite Oatly s success, the company is still operating at a loss. Its total loss for 2020 stands at $60.4 million, just about doubling the $35.6 million loss of 2019. In the filing, the company says it believes it can become profitable as it increases its production capacity and continues to expand globally.