Bsquare Corporation, a builder of technology that is powering the next generation of intelligent devices and systems, announced the receipt of $1.6 million in funding from the Paycheck Protection Program (PPP). The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses in the US to keep their workers on…
Tag: Coronavirus US impact
HCL Technologies’ statement on the coronavirus situation
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•HCL Technologies, an Indian multinational information technology service and consulting company, releases a statement to update its employees and others associated with the company on how it is dealing with unprecedented situations caused by the coronavirus pandemic. According to their statement: “HCL Technologies Ltd (HCL) has been monitoring the Covid-19 outbreak since late January and…
Coronavirus: Biocon & Biocon Biologics ensuring manufacturing of life-saving medicines
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•Biocon Ltd. and Biocon Biologics have activated business continuity plans across their functions to meet the needs of patients, partners, customers and other stakeholders who depend on its products. As a global company, it has presence across India, UAE, Malaysia, Singapore, Europe, U.S. and are adjusting all operations to fully comply with regulations issued by…
Moody’s pledges $1 mn in funding for Covid-19 relief
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•Moody’s Corporation announced that it will fund a $1 million program of charitable donations and other support to help address the immediate and long-term impact of COVID-19. Moody’s will extend support to its existing philanthropic partners to help small businesses and education systems and reconfigure its employee volunteer programs to assist communities most affected by…
Airbnb to help provide housing to 100,000 Covid-19 responders around the world
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•Airbnb announced a new global initiative to help connect those responding to the Covid-19 pandemic with safe and convenient places to stay while they carry out their critical work. The company’s goal is to help house 100,000 healthcare professionals, relief workers, and first responders around the world. Airbnb will waive all fees for stays arranged…
Coronavirus: LightInTheBox to make urgently needed medical supplies globally available
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•LightInTheBox Holding Co., Ltd., a cross-border e-commerce platform that delivers products directly to consumers around the world, announced that it is making urgently needed medical supplies globally available to support the fight against the COVID-19 pandemic. LightInTheBox is leveraging its strong relationships with suppliers across China to secure sizeable stocks of medical face masks, safety…
Coronavirus: States in the US that are hit hardest by social distancing
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•LendingTree, the nation’s leading online loan marketplace, released its study on the states hit hardest by social distancing. With COVID-19 spreading throughout the country and experts urging Americans to practice social distancing, the study found that residents of Western states and New England tend to be more social than the rest of the country and…
Shifting consumer patterns in the US during Covid-19 pandemic
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•American consumers are shifting their purchasing attitudes towards companies and brands during the COVID-19 pandemic, according to a survey of more than 500 participants over a two-day period released by PEOPLE Insiders Panel, which is comprised of PEOPLE brand enthusiasts. Among the key findings: More than 89 percent are monitoring the treatment of employees by…
37% Of small businesses in the US are struggling to stay afloat
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•Coronavirus pandemic has engulfed the entire world, creating nation lockdowns in most countries which have put immense impact on businesses of all forms, creating job losses and shutting down manufacturing operations across the globe. However, there is news from China that its industries have started operating as the country has no new coronavirus cases. But…
Bacardi initiates global production of hand sanitizers for local communities
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•Family-owned Bacardi has expanded its commitment across countries and brands to help produce more than 267,000 gallons (1.1 million liters)of hand sanitizers, as worldwide demand continues to exceed supply in efforts to reduce the risk of COVID-19. This week, eight Bacardi-owned manufacturing sites across the United States, Mexico, France, England, Italy and Scotland are joining…
Ultra low-cost carrier Volaris announces temporary reduction of capacity and demand
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•Volaris, the ultra-low-cost airline serving Mexico, the United States and Central America, announces that the spread of the COVID-19 (Coronavirus), declared a pandemic by the World Health Organization, and the related governmental travel restrictions have significantly reduced the demand for global air transportation. Accordingly, as of March 24th, 2020 Volaris will decrease capacity as measured…
Coronavirus kindness: Hyundai Hope On Wheels donates $2 mn to Children’s hospitals across the US
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•Hyundai Hope On Wheels, a non-profit organization supported by Hyundai Motor America and its U.S. dealers, announces a donation of $2 million for COVID-19 Drive-Thru Testing Centers in partnership with children’s hospitals throughout the U.S. The COVID-19 pandemic has created a particular threat to children with cancer, many of whom have compromised immune systems. COVID-19…
Coronavirus: Small businesses already feeling huge drop in demand
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•A just released US study found that 69 percent of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60 percent believe demand will continue to decline. The study of small businesses by America’s Small Business Development Centers (SBDC) and Thryv, Inc., found that 82 percent of…
IBM offers free tools to track COVID-19 cases in the US
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•In this challenging time when more than one in four Americans are under “shelter-in-place” orders, IBM is offering free tools to track reported COVID-19 cases near you and help you stay informed. Offered through The Weather Channel app, weather.com, and an online dashboard, this information is designed to help provide the latest details currently available…