Amazon mistakenly tells workers to take TikTok app off phones

AMAZON mistakenly sent workers an email telling them to dump the TikTok mobile application from their cell phones because of security concerns on Friday (10). The internal message told workers they could still access the popular video-snippet sharing platform using laptop web browsers, but would lose access to company email on smartphones that have TikTok. […]

Covid-19 crisis to sink global economy in 2020; India’s GDP to shrink 4.5 per cent, says IMF

KEY emerging market economies are taking a severe hit to GDP amid the coronavirus pandemic, with India seeing the first contraction in decades, the IMF said. The updated World Economic Outlook shows India’s GDP will fall 4.5 per cent this year, far worse than expected in April just after the pandemic first took hold outside […]

Amazon pledges $2 billion to projects fighting climate change

AMAZON on Tuesday (23) pledged to invest $2 billion in projects aimed at combatting climate change, stepping up efforts to reduce the carbon footprint of the tech giant and others. The Climate Pledge Fund will back efforts by startups and other firms in multiple sectors to “facilitate the transition to a zero carbon economy,” Amazon […]

Honda cyberattack halts plants in India, Brazil

HONDA plants in Brazil and India have halted operations as the Japanese carmaker battles to recover from a cyberattack that affected several factories worldwide. The cyberattack at the beginning of the week targeted Honda’s internal servers and spread a virus through the company’s systems, a spokeswoman said on Wednesday (10). Motorcycle plants in India and […]

World to witness worst recession in 150 years due to Covid-19: World Bank

THE Covid-19 pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said. The world economy is expected to contract by 5.2 per cent this year — the worst recession in 80 years — but the sheer number of […]

Russia postpones BRICS, SCO summits in July over pandemic

Russia has announced that the COVID-19 pandemic has forced it to postpone two international summits set for Saint Petersburg in July. Officials responsible for the BRICS and SCO summits “decided to postpone” both events scheduled for July 21-23 in Russia’s second city, according to a statement on the Kremlin website. The decision was made “taking […]

Virus-hit Hertz declares bankruptcy in US and Canada

GLOBAL car rental company Hertz became the latest economic casualty of the coronavirus pandemic Friday, filing for bankruptcy in the US and Canada after more than a century in business. “The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company’s revenue and future bookings,” Hertz said in […]

Uber announces second job cut in May

Uber Technologies will cut about 3,000 jobs as trip requests dropped 80 per cent due to COVID-19 lockdown across the globe in April. This is the second job cut announced by the company in May. Earlier, it announced to slash 3,700 jobs. In an email to employees, chief executive officer Dara Khosrowshahi said that coronavirus-led […]

Accenture acquires Ahmedabad-based Byte Prophecy to boost AI, digital analytics capabilities

Accenture acquired Ahmedabad-based IT company Byte Prophecy on Monday (18) for an undisclosed amount to meet the growing demand for enterprise-scale artificial intelligence (AI) and digital analytics solutions across the region. The acquisition will add nearly 50 data science and data engineering experts, with a particular focus on insight automation, to Accenture Applied Intelligence, the […]

US could ‘cut off whole relationship’ with China, says Trump as he rules out trade talks

DONALD TRUMP has signalled a further deterioration of his relationship with China over the pandemic, going so far as to suggest he could even cut ties with the world’s second largest economy. The US president ruled out renegotiating the trade deal with China and reiterated anger over Beijing’s handling of the coronavirus outbreak, which spread […]

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