Spotify said on Wednesday it had launched a COVID-19 music relief project to raise funds for musicians as the coronavirus pandemic grounds life to a halt in most countries, while taking a toll on the economy. The music streaming platform, which had about 124 million paid subscribers, also partnered with non-profit organizations such as MusiCares […]
Archives for 2020
Uber and Airbnb lobby for gig worker bailout
By Eric Newcomer Isolated with his family at home in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi has been making pleading phone calls to members of Congress. Khosrowshahi is asking for a bailout—not for his company, which has told investors it should have at least $4 billion in cash by the end of the […]
Covid-19: Oyo sends letter to vendor partners, warns of disruption in payment cycles
Softbank backed Oyo has written to its vendors and partners stating the COVID-19 outbreak and the resultant travel and social curbs have impacted its revenues, operations and cash flows ‘significantly’ and that owing to the situation there may be possible disruptions in its payment cycles. The letter written by Ankit Agarwal, head of Oyo’s procurement […]
Karnataka & Gurugram authorities allow e-comm firms to operate amid lockdown
Even as e-commerce companies failed to deliver essential goods on Tuesday, local authorities in states Karnataka and Gurugram have put in place processes to streamline the on-ground situation arising due to the nationwide lockdown. States and city authorities are talking to companies to ensure services are back online, but it could take up a few […]
Online retailers likely to resume deliveries soon
Illustration: Rahul Awasthi E-commerce companies, including BigBasket, Grofers, Amazon and Flipkart, continue to run restricted services across cities as they work with local authorities to streamline operations. While several of these e-tailers expect to resume delivery of groceries and essentials in a few days, they face a challenge of getting frontline workers back to their […]
CARES Act tax provisions aim to stabilize pandemic-ravaged economy
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, which passed the Senate by a 96-0 vote late on Wednesday, contains a host of tax measures as part of a $2 trillion aid package designed to help the economy as it suffers from the effects of the coronavirus pandemic. While the focus of […]
Chinese Hackers Exploit Cisco, Citrix Flaws in Massive Espionage Campaign
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How zero-trust authentication and architecture have evolved
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New York City hospitals are nearly ‘maxed out,’ former FDA chief says
Hospitals in New York City are nearing capacity due to an influx of coronavirus patients, former Food and Drug Administration Commissioner Scott Gottlieb told CNBC on Wednesday. COVID-19 has killed 192 people in New York City, according to Johns Hopkins University, but Gottlieb said that number will rise if the hospitals become overwhelmed. “New York City hospitals right […]
Zomato sets up fund for delivery staff, extends Gold memberships by two months
Food-delivery and restaurant discovery app Zomato is extending its subscription-based Gold memberships by two months in India and other countries like UAE, Australia, Indonesia, Philippines, Lebanon, Turkey, New Zealand, Portugal and Qatar in the wake of Covid-19 outbreak across the world. Zomato will also be facilitating working capital loans for its Gold partner restaurants and […]