The Committee for Economic Development of The Conference Board (CED) sent letters this week to the President of the US and the congressional leadership urging swift and bipartisan passage of a major federal stimulus program to help American workers and families cope with the COVID-19 crisis. CED, a nonpartisan think tank whose membership comprises top-level…
Corporate and investment banks (CIBs), facing rising challenges that the COVID-19 crisis has made even more pressing, must fundamentally transform themselves—targeting high-value clients, shedding subscale business lines, and converting to customer-centric operating models while working within integrated, agile teams—if they hope to survive and reestablish themselves as significant contributors to bank growth over the next…
S&P Global, the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, announced that it is providing complimentary research, reports, analytics, and data pertaining to the Novel Coronavirus Disease (COVID-19) outbreak to the public. The Company has introduced a special website containing original, exclusive and curated research content…
Boeing announced a temporary suspension of production operations at its Puget Sound area facilities in light of the state of emergency in Washington state and the company’s continuous assessment of the accelerating spread of the coronavirus in the region. These actions are being taken to ensure the well-being of employees, their families and the local…
CVS Health is awarding bonuses to employees who are required to be at CVS facilities to assist patients and customers in this time of unprecedented need. Bonuses will range from $150 to $500 and will be awarded to pharmacists and certain other health care professionals on the frontlines, store associates and managers, and other site-based…
The novel coronavirus, which began from Wuhan in China last year, has now spread to every continent except Antarctica. The virus, which was originally expected to be China’s problem, has now become a global headache. So far the virus has infected 360,327 people and claimed more than 15,000 lives worldwide. The outbreak is now termed…
The Personnel ministry in its order released on Friday, said that the central government employees above the age of 50 years can go on a leave without producing a medical certificate to avoid unnecessary burden on the healthcare system amid ongoing coronavirus scare. As part of its effort to relax leave norms for the employees,…
As the novel coronavirus is spreading rapidly to most of the countries in the world, corporates and organizations around the globe are setting up their humanitarian efforts in helping the countries which need maximum assistance. Recently, The Jack Ma Foundation and Alibaba Foundation announced plans to donate much-needed medical supplies to 10 more countries in…
Lunch marketplace MealPal recently announced a new initiative to drive $10 million in donations to restaurants impacted by the COVID-19 virus. Through the new program, anyone can donate a month of a MealPal membership to local restaurants. The rapid decline in restaurant sales since the COVID-19 outbreak is staggering. In a typical week, MealPal drives…
Oscar Munoz, Chief Executive Officer, J. Scott Kirby, President, and labor leaders issued the following message to nearly 100,000 United Airlines employees: To our United family: We hope you and your loved ones are well. In these difficult and uncertain times, we want to continue to keep you updated about all the ways we are…
Goa becomes the first State in India to adopt an automated technological solution for the citizens to carry out a self-assessment test for COVID-19. The App provides information on Self Quarantine, Helpline numbers to reach out to, and other such information. The Government of Goa has partnered with Innovaccer, Inc., headquartered in San Francisco, a…
Western Union, a global leader in cross-border, cross-currency money movement and payments, informed its money transfer customers that the Company’s money movement network stands ready to help customers deliver vital financial support to friends and families around the world in these challenging times. Customers can choose to send funds via Western Union’s increasingly adopted digital…
Global management consultancy Arthur D. Little (ADL) has initiated an international platform for CEOs to exchange crisis management experiences while dealing with COVID-19. Under the motto, “Learning from each other and coping with the crisis together,” the aim of the pro bono initiative is to build a pool of experience and provide companies and public…
FarEye–predictive logistics platform, announced that it will work with companies globally and equip them with its home delivery optimization software to handle surge in home deliveries with available drivers, quickly onboard part-time drivers and make deliveries contactless. FarEye will provide its solution – FarEye SERVE, free of cost – To organizations making home deliveries of…
Hero MotoCorp, the world and India’s largest two-wheeler company, recently announced that it is temporarily shutting down all its manufacturing facilities globally with immediate effect. The recent closure of the manufacturing is a result of the ongoing coronavirus pandemic. The company announced the closure through an official BSE filing, which read, “With the safety and…