LONDON (Reuters) – Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on Tuesday. “If we want to maintain a strong airline sector able to cope with this difficult crisis and provide the resources […]
Archives for March 2020
Indonesia’s Gojek closed $1.2 billion funding last week: Internal memo
Indonesian ride-hailing and payments firm Gojek closed an additional $1.2 billion of funding last week, according to an internal memo reviewed by Reuters. The memo said the company’s total funding stands at just under $3 billion, and added it was still seeing “strong demand” among the investment community despite “turbulence within the tech investment environment […]
Digital Transformation Falling Flat? Bring in the Pirates
IT leaders should reflect on how and why digital transformations fail and tap nonconformists who are not afraid to think outside the box as a start. Over the course of my career, I’ve been fortunate to work with clients who have seen tangible and sustainable results on their journey towards transforming their organization. But recently, […]
MS Dhoni invests in fintech startup Khatabook
Former India cricket team captain M S Dhoni has invested an undisclosed sum in accounting services provider Khatabook. He will also be the brand ambassador of the startup, which helps merchants record and track business transactions. “He (Dhoni) embodies the spirit of true sportsmanship and entrepreneurship. At Khatabook, we aspire to build the same level […]
Treasury yields rise as stocks search for modest recovery after Monday’s crash
U.S. government debt prices were lower Tuesday morning as investors hope for a bottoming out following Monday’s historic losses on Wall Street At around 5:05 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 0.8081%, while the yield on the 30-year Treasury bond was up slightly […]
UK to ramp up business support as coronavirus hammers economy
LONDON (Reuters) – Britain will unveil more help for businesses hurt by the coronavirus outbreak on Tuesday after the government told people to avoid pubs, clubs, restaurants, cinemas and theaters, raising the risk of companies collapsing. Finance minister Rishi Sunak, who last week announced support for business alongside emergency moves by the Bank of England, […]
New features for Form Recognizer now available
Extracting text and structure information from documents is a core enabling technology for robotic process automation and workflow automation. Since its preview release in May 2019, Azure Form Recognizer has attracted thousands of customers to extract text, key and value pairs, and tables from documents to accelerate their business processes. Today, we’re sharing the new […]
Nokia’s Worldwide IoT Network Grid expands to support 5G and edge services
The upgraded tech will allow companies to explore new business models such as connected cars and remote healthcare. More about IoT Nokia’s Worldwide IoT Network Grid (WING) managed service now supports 5G and edge services, with little capex investment in global infrastructures, according to a Tuesday press release. SEE: Internet of Things: Progress, risks, […]
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
Amazon on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their needs during the coronavirus outbreak. With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing […]
Social media giants warn of AI moderation errors as coronavirus empties offices
Alphabet’s YouTube, Facebook and Twitter warned on Monday that more videos and other content could be erroneously removed for policy violations, as the companies empty offices and rely on automated takedown software during the coronavirus pandemic. In a blog post, Google said that to reduce the need for people to come into offices, YouTube and […]