Around 15,000 people will remain stood down. "The actions we must take will have a huge impact on thousands of our people", he said in a statement. "The 6,000 jobs [going] are jobs that we don't see coming back for a long time", Joyce said, according to ABC. [Full Article...]
Twitter has become the first major USA tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in work culture across the world. Silicon Valley companies were among the first adopters of work-from-home policies when the coronavirus spread, and they're in no rush to bring workers back to campus. [Full Article...]
When the company first announced that it planned to reach net-zero by 2040, a decade ahead of the goal set in the Paris climate agreement, some Amazon employees argued that the company could accelerate its progress. The corporate has vowed to be web carbon impartial by 2040. "This is where the future is going, this is where our products and services are needed, and the fund is another signal o... [Full Article...]
The report noted that as of April 30, almost 1.1 million dead people received a stimulus check, totaling $1.4 billion, and urged the IRS to determine the best way to recoup the money. The Small Business Administration and the Treasury announced Friday that they would release the names and dollar ranges of recipients who got loans of $150,000 or more. [Full Article...]
Latin American economies, where infections are still rising, saw some of the largest downgrades, with Brazil's economy now expected to shrink 9.1 percent and Mexico's 10.5 percent and Argentina's 9.9 percent in 2020. Gita Gopinath spoke to NDTV on the economic crisis triggered by the coronavirus pandemic. The figure is down 1.9 percentage point from the earlier estimate in April. [Full Article...]
Guevarra said he has instructed the National Bureau of Investigation to work with the anti-money laundering council to investigate the case. "We may recoup a few euros in a couple of years but will write off the loan now". German payments provider Wirecard announced on Thursday it has filed for insolvency. "There is no way that they could repay their total debt of €3.5 billion with that core, no... [Full Article...]
Banco Central do Brasil's pushback is a serious blow to Facebook's ambitions in the payment space, and mirrors the firm's difficulties in gaining regulatory approval in the vast Indian marketplace. "We are excited about the positive feedback from our users in Brazil on the launch of payments on WhatsApp last week ". WhatsApp, last week, told the Supreme Court that it is now fully compliant wi... [Full Article...]
In Portugal, Belgium, Finland, Iceland and Luxembourg , the service will cost €6.99 ($7.87) monthly or €69.99 ($78.84) annually. Disney has announced that it's continuing Disney+'s worldwide expansion in Europe. Disney said in May that Disney+ has 54.5M subscribers after launching late previous year. Users will access commercial-free viewing, up to four concurrent streams, unlimited downloads o... [Full Article...]