Amazon on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their needs during the coronavirus outbreak. With shoppers clearing out shelves in fear of quarantines or product shortages, retailers are racing […]
Archives for March 2020
Social media giants warn of AI moderation errors as coronavirus empties offices
Alphabet’s YouTube, Facebook and Twitter warned on Monday that more videos and other content could be erroneously removed for policy violations, as the companies empty offices and rely on automated takedown software during the coronavirus pandemic. In a blog post, Google said that to reduce the need for people to come into offices, YouTube and […]
How do you start selling online? The beginners guide…
“More than 73% of Australian households shopped online in 2018.”- AusPost’s 2019 ecommerce report That’s immense! It also doesn’t account for the international market you can access with an ecommerce business. Selling online is rapidly becoming the primary vehicle for trading goods. So, if you’re getting into the online shopping game, you’ll have access to […]
Supreme Court goes digital to cut human interface to ward off coronavirus threat
The Supreme Court has announced a slew of measures that will drastically curtail human interface in the judiciary, including options for lawyers to argue their cases through videoconferencing, 24×7 e-filing facilities and a provision to beam proceedings through smart TVs into press rooms inside the court complex, to ward off the novel coronavirus threat. The […]
Digital marketers make hay in flu season
Illustration: Rahul Awasthi Savvy digital marketers are using Covid-19 (or novel coronavirus) as a keyword to make their products and services visible online, capitalising on the concerns of consumers who search for information and protection against the infection. The spread of the virus has led to a flurry of searches online for tools and tricks […]
NRAI seeks clarity on functioning of standalone restaurants, bars
Illustration: Rahul Awasthi The National Restaurant Association of India has reached out to the commissioner of police in Mumbai to seek clarification on the operations of standalone restaurants and bars after a lockdown was initiated on Sunday. “Our understanding is that the circular is very specific to shutting down operations within malls… However, we have […]
Digital payments slip 30% on Covid-19 curbs
Illustration: Rahul Awasthi Shut shops, cancelled airline tickets and slower discretionary spends by consumers on dining out and movies are starting to hurt the country’s fast-growing digital payments sector. With industries across the board seeing a sharp slowdown, the digital payments sector is estimated to have registered a decline of around 30% in transaction value […]
Cryptocurrency exchange Binance sets up $50 million Indian blockchain fund
Illustration: Rahul Awasthi Global decentralised cryptocurrency exchange Binance Group has set up a $50 million (Rs 370 crore) blockchain technology fund for India, weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. The fund, which plans to invest upwards of $100,000 per startup, promises to open up direct access […]
The bear market can derail clients’ retirement … if they’re not careful
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about The bear market can derail your client’s retirement if they’re not carefulClients are advised to take a few measures to prevent the bear market from hurting their retirement prospects, according to this article in Barron’s. Retirees who are tapping […]
AICPA proposes guidance on insurance accounting – Accounting Today
The American Institute of CPAs’s Financial Reporting Committee released working drafts Monday of two pieces of implementation guidance for the Financial Accounting Standards Board’s long-duration insurance contracts standard. The AICPA’s FinREC group has been developing guidance to help companies in various industries deal with some of FASB’s new standards such as revenue recognition. In 2018, […]