Markets
Amazon in advanced talks to buy self-driving startup Zoox
Amazon .com Inc.'s talks to buy driverless vehicle startup Zoox Inc . has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-hailing companies on their heels. In October 2016, he talked obliquely of his vision for a ride experience like "Disneyland on the streets of". Zoox is a Silicon Valley-based developer of electric bi-direct... [Full Article...]
Furlough scheme end date confirmed as Rishi Sunak announces big changes
In September, bosses will also have to pay 10% of a furloughed employee's wages, with the Government covering 70% up to £2,190 per worker, raising to 20% in October, with the Treasury picking up the remaining 60% up to £1,875. Officials were keen to stress there are other measures in place and support for businesses and individuals, but the scheme will end on Halloween. The Institute of Director... [Full Article...]
Amazon Is Making It's 125,000 Temporary Employees Into Permanent Full Time Jobs
The company also said that some may choose to return to their previous jobs as the economy has started reopening, while others may choose to stay at Amazon on seasonal or part-time basis. The permanent roles come with benefits that seasonal workers lack, such as employer-offered health insurance and retirement plans. At least 800 US -based workers have tested positive for the highly contagious vir... [Full Article...]
Uber Launching Hourly Rate Ride Option in Some U.S. Cities
What Does The New Function Bring? The cost is $50 per hour with mileage overage varying by city, and riders can book in hourly increments. Uber has introduced a new feature for riders who need to make longer trips with multiple stops. Riders can't use this feature to go to airports or to leave airports. Uber said it would offer rides by the hour in some U.S. cities, a feature aimed at helping... [Full Article...]
20 million masks to be distributed to Albertans via drive-thrus
Distribution is expected to start in early June, and Albertans can receive the masks while supplies last with no purchase necessary. The non-medical masks are meant to help limit the spread of COVID-19 in situations where physical distancing is not possible. [Full Article...]
Cisco to acquire networking monitoring startup ThousandEyes led by Indian founder
Zeus Kerravala, principal analyst at ZK Research, told SiliconANGLE that this is an "outstanding acquisition" for Cisco . Cisco senior vice president Todd Nightengale said the data that ThousandEyes generates from its web monitoring is more important than ever amid the coronavirus pandemic, as internet connections have come under tremendous pressure with huge numbers of employees working from... [Full Article...]
Russian Federation plans coronavirus vaccine clinical trials in two weeks
China's Wuhan Institute of Biological Products and the Beijing Institute of Biological Products announced they are entering Phase II of clinical trials in which 2,000 volunteers received vaccinations last week. The Beijing Institute of Biological Products' production line will have an annual manufacturing capacity of 100 million to 120 million doses, according to the article. [Full Article...]
Trump hammers China over Hong Kong; China responds with: What about Minneapolis?
Charlotte Chan, 23, a bank worker, said: "The policy allows me to think about migrating to other countries if things in Hong Kong get out of control". If Washington abolishes free convertibility between the Hong Kong and USA dollars, we might face a "lose-lose-lose" situation. Hong Kong was handed to China from British control in 1997, under the "one-country, two systems" principle, allowing the... [Full Article...]