WASHINGTON — The Federal Reserve announced a series of more policy actions Sunday to ease economic stress from the spread of the coronavirus, including its second emergency rate cut this month and other steps intended to encourage banks to lend. The Fed said it was slashing its federal funds rate by a whole percentage point […]
Archives for March 2020
Pentagon reconsiders Microsoft contract after Amazon protest
The Pentagon is reconsidering its awarding of a major cloud computing contract to Microsoft after rival tech giant Amazon protested what it called a flawed bidding process. U.S. government lawyers said in a court filing this week that the Defense Department “wishes to reconsider its award decision” and take another look at how it evaluated […]
How the tech industry is ensuring business continuity in the times of coronavirus
Coronavirus has presented a situation most geeks probably didn’t anticipate: what happens when even the disaster recovery sites and business continuity plans are rendered useless. You can fly resources to alternative locations. But how do you run a global business when flights are grounded and countries regulate who can come in? For the $190 billion […]
The challenges of delivering orders in the times of coronavirus
Even in a sluggish economy, startups helped spawn the gig economy that created jobs and new ways of working and sharing. However, the gig economy is seeing challenges because of the Covid-19 scare — especially as delivery personnel are highly exposed to the environment. In a “response note”, online grocer BigBasket said warehouse employees handling […]
Stock Market Crash – Should you exit Stock Market now?
The stock market is falling. I am losing money in Stocks & Mutual Funds, I am worried a lot- What to do? Should I exit the stock market now? I recently received this question via e-mail. This is a common question, which is bugging many investors nowadays. A Carona Virus has created a massive impact […]
Offering Employee Equity
You’re the founder of a startup and cash flow is tight. Yet you need to attract talent into the fold and find a way to retain good employees during the bumps along the way. What’s an entrepreneur to do? One option is to offer employee equity in the company. Equity is non-cash compensation that represents […]
Georgia becomes second state to delay presidential primary due to coronavirus pandemic
People vote in the Michigan primary election at Chrysler Elementary School in Detroit, Michigan, on March 10, 2020. Jeff Kowalsky | AFP | Getty Images Georgia will delay its presidential primary scheduled for next week over concerns surrounding the coronavirus pandemic, a spokeswoman for the Georgia Democratic Committee confirmed to CNBC. Georgia Gov. Brian Kemp […]
South Korea imports no Iranian crude for February – customs
SEOUL (Reuters) – South Korea did not import crude oil from Iran in February, compared with 983,497 tonnes imported a year ago, preliminary data from Korea Customs Service showed on Sunday. The world’s fifth-largest crude buyer imported a total 11.6 million tonnes of crude last month against 13.1 million tonnes imported a year ago, the […]
Oyo entices virus-stricken hotels in Japan with cash
By Pavel Alpeyev and Takahiko HyugaOyo Hotels, one of the largest startups in SoftBank Group’s portfolio, is promising cash to hotels in Japan that join its platform as bookings plunge in the coronavirus-stricken country. The Indian startup, looking to get more hotels into its network and expand its reach, will pay new members a lump […]
Coronavirus impact: Apple India shuts down four sales offices and map development centre
Apple India is shutting down its four sales offices in India and the development centre for maps in Hyderabad as part of the global step which the iPhone maker has taken to prevent the spread of the Coronavirus amongst its employees and associates. As per two industry executives aware of the plans, over 5,000 employees […]