Former U.S. National Security Advisor John Bolton speaks at the Center for Strategic and International Studies September 30, 2019 in Washington, DC. Win McNamee | Getty Images The Trump administration filed a lawsuit Tuesday against former national security adviser John Bolton, hoping to delay publication of his tell-all book, due to be released next week. “The […]
Archives for June 2020
15 questions firm leaders should ask before returning to the office
As organizations across America reopen their workplaces in the wake of the COVID-19 pandemic, they face many new concerns: How can they keep staff as safe as possible? How many people will be allowed in the office at one time? How will they handle travel and visits to and from clients? Below are some of […]
U.S. bank profits plunge 70% on coronavirus loss provisioning
WASHINGTON (Reuters) – U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as banks felt the economic impact of the novel coronavirus pandemic, according to data from a banking regulator. The Federal Deposit Insurance Corporation reported that “deteriorating economic activity” caused lenders to write off […]
Employee resilience amid the COVID-19 pandemic
ADP looked at the first 8 weeks of the global pandemic and found the workplace handled challenges and adapted to the new normal. Image: Getty Images/iStockphoto More for CXOs The urgency to isolate sent many employees—who could—from the office to work from home (WFH), essential workers to risk the wrath of the coronavirus, and those […]
Technology and the Pandemic: Complete Coverage for IT Leaders
Check here regularly for InformationWeek’s updates on the coronavirus pandemic and related issues like business continuity, remote working, IT operational challenges and other technology considerations. Image: maxsim – stock.adobe.com June 2020 Tech Giants Back Off Selling Facial Recognition AI to Police Amazon, IBM, and Microsoft have all taken steps to stop making their facial recognition […]
ETtech Top 5: Startups double down on safety, Hyperlocal Flipkart, Bharat boost for e-commerce & more
Happy Tuesday! Startups are doubling down on their efforts to enhance safety and hygiene standards as they seek to win the trust of consumers and partners. Securing PPE kits for employees, contactless delivery, mandatory use of Aarogya Setu app are among the measures that have emerged as the top priorities for companies. Safety all the […]
Apple faces antitrust probe from EU on App Store and Apple Pay
European Union regulators began two antitrust investigations on Tuesday into Apple‘s mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU’s battle against the dominance of big tech companies. The EU’s executive Commission said it launched the formal investigations over concerns that Apple’s way of doing […]
Flipkart to launch hyperlocal delivery services starting with Bengaluru
Illustration: Rahul Awasthi Walmart-owned Flipkart is set to launch a separate business vertical to cater to 90-minute delivery of goods from local stores and its own small fulfilment centres, people aware of the matter said. The homegrown ecommerce company will start with grocery services, they said, as it seeks to muscle in on the hyperlocal […]
Swiggy unveils aid package for restaurant partners
Swiggy on Tuesday said it is offering affordable lending products, training tools, discounted ad spots, and economical food packaging material to help its restaurant partners to open up for business. The food ordering app has also activated a bi-weekly payment option to enable smooth cash flows for partners, it said. Restaurants have been among the […]
SoftBank-backed ride-hailing firm Grab cuts staff to cope with virus impact
Southeast Asian ride-hailing and payments firm Grab said on Tuesday it would lay off more than 300 employees due to the impact of novel coronavirus, in the latest setback to major backer SoftBank Group. Southeast Asia’s most valuable startup with a valuation of $14 billion informed staff of the cuts at a town-hall meeting, according […]