Google, Facebook and Amazon are using their size, reach and technological prowess to help Americans cope with the coronavirus crisis, an opportunity for Big Tech to counter a drumbeat of criticism in Washington.
SoftBank Group Corp shares fell as much as 11.6per cent on Wednesday, with its market capitalization dipping below the value of its domestic telco, as uncertainty grows over its management of a portfolio of unproven startups.
Andre Hilden, a data architecture consultant in Oakland, California, missed a memo from his company last week requiring employees to use video conferencing for all meetings while working from home.
THERE will likely be a higher-than-average number of sovereign rating actions this year, due to the coronavirus outbreak’s economic impact combined with the policy responses, Fitch Ratings said on Wednesday.
Self-driving technology companies, including Waymo, Cruise and Uber, have suspended autonomous car testing that involves backup drivers, joining corporate America to try and contain the spread of the coronavirus.
Japanese Prime Minister Shinzo Abe will form a panel of key economic ministers and Bank of Japan Governor Haruhiko Kuroda to discuss measures to prop up an economy hit by the fallout from the coronavirus epidemic, a government official with direct knowledge of the matter said.
Tencent Holdings Ltd is set to give a glimpse of how the world's largest gaming company has fared from the coronavirus outbreak after curbs forced millions to stay at home, driving up demand for online games and streaming services.
Facebook's head of safety said on Tuesday a bug was responsible for posts on topics including coronavirus being erroneously marked as spam, prompting widespread complaints from users of both its flagship app and photo-sharing app Instagram.
U.S. airlines are seeking to quickly reduce their workforces through early retirement packages or unpaid leave of up to 12 months with medical benefits in an effort to cut costs as the rapid spread of the coronavirus keeps people from flying.
