Warehouse, delivery and retail gig workers in the United States went on strike to call attention to safety and wage concerns for people laboring through the coronavirus crisis. Among the strikers were some of the roughly 200,000 workers at U.S. online grocery delivery company Instacart, according to strike organizer Gig Workers Collective, founded earlier this […]
Archives for 2020
Airbnb will give $250 million to hosts who lost income to virus
By Eric Newcomer Home sharing company Airbnb said it will give $250 million to hosts on its platform who have lost money from coronavirus-related cancellations at their properties. The startup, whose plans to go public this year have been thrown into question, has alternately faced criticism from guests and hosts over its refund policies related […]
Online grocers, pharmacies eye idle restaurant staff to meet demand
Online grocers and pharmacies are pulling out all the stops to hire manpower to fulfil deliveries of essential items at a time when demand has seen an unprecedented spike due to the ongoing Covid-19 lockdown. And this includes roping in idle staff at restaurants and taking help from job portals. India’s biggest delivery brands need […]
Microsoft partners with the industry to unlock new 5G scenarios with Azure Edge Zones
Cloud, edge computing, and IoT are making strides to transform whole industries and create opportunities that weren’t possible just a few years ago. With the rise of 5G mobile connectivity, there are even more possibilities to deliver immersive, real-time experiences that have demanding, ultra-low latency, and connectivity requirements. 5G opens new frontiers with enhanced mobile […]
ETtech Top 5: Online retailers tap common resources, Zoom app usage explodes & more
Illustration: Rahul Awasthi Online retailers tap common resources What’s the news? E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to enable last-mile deliveries. Why does […]
Deferring credit card, personal loan payments may cost more
Read the fine print on your credit card bill? If you did, you might not consider deferring those repayments – or that personal loan you took to fund that trip to Maasai Mara this winter. Of course, the central bank has given a three-month grace on repayments – and those include unsecured loans such as […]
IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic
The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic. Application of IFRS 9, Financial Instruments The document responds to questions regarding the application of International Financial Reporting Standard (IFRS) 9, Financial […]
The CARES Act Provides Temporary Relief from CECL Standard
The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Specifically, as worded in the Act, “no insured depository institution, bank holding company, or any affiliate thereof shall be required to comply with the Financial Accounting […]
Sheltering at home means more game and app time, with a recent 200% uptick in usage
The latest data shows a marked increase in mobile app and game usage during the ongoing coronavirus crisis. London-based Gismart, developer and publisher of entertainment apps and games, shared data that outlined the increase in mobile app and game usage while people are staying inside and self-isolating because of the coronavirus pandemic. More about Mobility […]
BigBasket ropes in laid off restaurant workers amid Covid-19 lockdown
BigBasket has partnered with the National Restaurant Association of India and Retail Association of India to offer jobs to those laid off due to the Covid-19 lockdown. The online grocer is offering temporary job opportunities for restaurant staff and retail employees registered on these platforms. The Bengaluru-based company has also set up a call centre […]