Digital delivery and pre-order takeaway will gain prime focus of restaurants in post Covid-19 era to stay financially viable amid strict social distancing norms, said leading hospitality firms such as Massive Restaurants, Jubilant Foodworks, Wow! Momo Foods and Chaayos at a webinar hosted by Retailers Association of India (RAI) on the future of food business. […]
Archives for 2020
With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook‘s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that incubated it. But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area’s crushing […]
Alibaba’s sales surge as people shop online during lockdown
Alibaba Group on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns. As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16 billion) in the […]
ETtech Top 5: Jio’s latest investor, Amazon hiring, lenders on thin ice & more
Happy Friday! Jio Platforms is on a deal-making spree. The holding company of India’s largest telecom operator—Reliance Jio Infocomm—struck its fifth deal in a month. Private equity firm KKR will invest Rs 11,367 crore in the company for a 2.32% stake. This follows the investments made by social media giant Facebook, private equity funds Silver […]
Fed corporate-bond ETF purchases rise to $1.8B
Fed purchases of ETFs invested in corporate debt totaled $1.8 billion in the first six days of the program, according to data published Thursday. The ETF purchases, which are part of an emergency lending program aimed at backstopping corporate debt markets during the coronavirus pandemic, were revealed in the U.S. central bank’s weekly balance sheet […]
NSO Group Impersonates Facebook Security Team to Spread Spyware — Report
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Podcast: How to help clients with retirement relief provided by CARES
Slides Do you have clients who have had coronavirus-related health or financial issues? The CARES Act retirement plan and IRA provisions may be able to provide them with cash flow relief. Use your deep tax knowledge as a CPA financial planner to help your clients make smart planning moves now. Be sure to follow along […]
Data of 3.5 million Zoomcar customers up for sale
Personal data of around 3.5 million Zoomcar users has been up for sale on what is known as the Dark Web since Thursday, according to a cybersecurity consultant. Dark Web refers to that area of cyberspace where content cannot be searched using normal search engines because it is encrypted. The data includes names, email ids, […]
Schroders’ Financial Planner adds 2 experienced hires
Schroders Personal Wealth, the new Financial Planning joint venture between Schroders and Lloyds Bank, has added two experienced hires from Morningstar and Quilter Cheviot. Peter Brunt joins from Morningstar as head of manager research and Jennifer Christian from Quilter Cheviot as an investment specialist. Mr Brunt will mainly be responsible for developing fund manager research […]
Editor’s Column: Pension Freedoms or Pensions Fiasco?
The case for reform of the Pension Freedoms is growing with news this week that hundreds of thousands of consumers are taking money out of pensions and most likely shovelling it into low interest bank accounts. While I’ve always supported the Pension Freedoms in principle, I’ve long argued they were too much too soon and […]