Since last week’s update, the global health pandemic continues to impact every organization—large or small—their employees, and the customers they serve. Everyone is working tirelessly to support all our customers, especially critical health and safety organizations across the globe, with the cloud services needed to sustain their operations during this unprecedented time. Equally, we are […]
Archives for 2020
The US economy has come to a standstill, satellite imagery shows
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation: […]
Practo partners with Thyrocare to conduct Covid-19 detection test
Representative Image Digital healthcare platform Practo has partnered with diagnostic lab chain Thyrocare to conduct Covid-19 detection tests authorised by the government and the Indian Council of Medical Research (ICMR). Starting Saturday, the test is available for Mumbai residents for Rs 4,500, and will soon be expanded to the rest of the country, Practo said. […]
Condom shortage looms after coronavirus lockdown shuts world’s top producer
KUALA LUMPUR (Reuters) – A global shortage of condoms is looming, the world’s biggest producer said, after a coronavirus lockdown forced it to shut down production. Malaysia’s Karex Bhd makes one in every five condoms globally. It has not produced a single condom from its three Malaysian factories for more than a week due to […]
Ola launches fund to help drivers, CEO Aggarwal to forego salary for a year
Ride-hailing major Ola has launched a fund to support auto-rickshaw, cab, Kaali-Peeli and taxi drivers across India amid the ongoing 21-day lockdown. Besides, Ola co-founder Bhavish Aggarwal will forgo salary for one year that will go towards the fund. Launched under Ola Foundation, the ‘Drive the Driver Fund’ will support the drivers through contributions from […]
DD to take viewers back in time with its retro soaps magic
A team of experts is busy enhancing the visual quality of Ramanand Sagar’s television serial Ramayan, which is set to be telecast on Doordarshan (DD) after more than three decades, along with other popular classics such as BR Chopra’s Mahabharat, as part of a special initiative by Prasar Bharati during the nationwide lockdown. Detective series […]
Gift and GST returns added to postponed tax and filing deadlines
Late on Friday, the IRS added gift and generation-skipping transfer (GST) tax returns to the list of federal taxes and tax returns that have had their April 15 deadlines postponed to July 15 due to the ongoing coronavirus pandemic. Friday’s notice, Notice 2020-20, updates the guidance issued a week earlier in Notice 2020-18. The earlier […]
Coronavirus paid sick leave and family leave guidance issued
Under a recently enacted law, eligible small and midsize employers can claim two new refundable payroll tax credits, designed to reimburse them, dollar for dollar, for the cost of providing coronavirus-related leave to their employees. The relief was enacted under the Families First Coronavirus Response Act, P.L, 116-127, signed by President Donald Trump on March […]
$2.2 Trillion Coronavirus Economic Stimulus and Relief Legislation Enacted; Rebate Checks May Be Larger Than You Think
Wolters Kluwer experts analyze potential tax implications Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and […]
Optional delay provided in regulatory capital transition to credit losses standard
Federal bank regulators are providing an optional extension of the regulatory capital transition for FASB’s new credit losses standard in an attempt to make it easier for banking organizations to continue lending to households and businesses. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the […]