In an attempt to prevent the transmission of the novel coronavirus among employees, e-commerce company Flipkart has offered its employees work from home option for three days. The offer is preferably made available to young employees whose children are studying up to fifth grade. A Flipkart spokesperson said, “In addition, we are checking system preparedness…
China remains a top long-term priority for most US companies, according to a new survey released today by the American Chamber of Commerce in China (“AmCham China”), despite slowing growth, wider US-China tensions, longstanding business challenges in the country, and the COVID-19 outbreak. Subsequent to the annual survey, the COVID-19 outbreak has recently been reflected…
E-commerce giant Amazon Inc recently announced that it has extended its work-home-home advisory to include employees in New York and New Jersey. The move is aimed at lowering the risk of coronavirus transmission among the employees. In an official statement, the company said, “We continue to work closely with public and private medical experts to…
Microsoft founder’s The Bill & Melinda Gates Foundation along with Wellcome Trust and Mastercard recently announced a new fund to accelerate technologies designed to identify, assess, develop and scale treatments to the COVID-19 epidemic. According to an official statement, The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with…
Companies across the globe are reacting to the coronavirus outbreak. The virus has spread across the globe impacting businesses in a great manner. Reports claim that the Covid-19 crisis has created new epicenters in Europe and the US. Companies are uniting in these troubled times, taking all possible measures to stop the virus from spreading…
The novel coronavirus outbreak has hit the tech and manufacturing industry severely with many companies shutting down factories, closing operations or shifting work out by asking employees to work from home. The outbreak has led to the world’s largest work from home experiment to take place. As the Washington State has emerged as one of…
Ride-hailing startup Uber Technologies Inc recently said that it will offer compensation to drivers and delivery people diagnosed with the coronavirus or placed in quarantine for up to 14 days. In an official statement, the company said that it has already started compensating drivers in some markets and is planning to implement the same benefits…
The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
British multinational bank HSBC recently sent more than 100 of its London staff home after a worker tested positive for the novel coronavirus. It is being reported that this is the first known case at any major company in the European financial district. As per an internal memo by CEO Noel Quinn, accessed by Reuters,…
Statement on Coronavirus Demand: Jaguar Land Rover sales in China grew on average about 25% year on year for the 6 months from July through December 2019 and we continued to see strong growth for the first 3 weeks of January. The coronavirus has significantly impacted China sales with February retails down around 85% vs…