Search results for "covid-19"

Amazon settles California COVID workers notification dispute

Amazon has agreed to pay $500,000 and be monitored by California officials to ensure it properly notifies its workers about new coronavirus cases, the state’s attorney general said Monday. Amazon employs about 150,000 people in California, most of them at 100 “fulfillment centers” — sprawling warehouses where orders are packed and shipped. The agreement, which […]

Roads, transit, internet: What's in the infrastructure bill

The $1 trillion infrastructure plan that President Joe Biden plans to sign into law has money for roads, bridges, ports, rail transit, safe water, the power grid, broadband internet and more. The plan promises to reach almost every corner of the country. It’s a historic investment that the president has compared to the building of […]

Telecoms operators are facing headwinds: here’s how to change course

Telecoms operators should be flying high. Over the past 20 months they have been a linchpin of societies and economies, keeping businesses going, families talking and us all hooked to Netflix. And yet, from February to December 2020, telcos created less value for shareholders than nearly every other sector, according to Bain & Company. This […]

Foundations commit billions to fight climate change

The United Nations Climate Change Conference, which was postponed a year because of COVID-19, has promoted a series of announcements from foundations and individuals attempting to pour money into efforts to fight climate change, an area many think philanthropy has neglected. As policymakers from around the world gathered in Glasgow for a series of long-awaited […]

Prince Harry says he warned Twitter CEO of U.S. Capitol riot

Britain’s Prince Harry has sharply attacked the failure of social media companies to challenge hate online, revealing that he warned the chief executive of Twitter ahead of the Jan. 6 Capitol riots that the site was being used to stage political unrest. Harry made the comments Tuesday in an online panel on misinformation in California. […]

China's Singles' Day shopping fest muted amid tech crackdown

China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China’s e-commerce […]

Alphabet Inc achieves $2 trillion market valuation

Google’s custodian company, Alphabet Inc., exceeded on Monday its previous cap by hitting a $2 trillion market value, closing the trading day at $2,987 per share., according to Nasdaq. The Big Tech conglomerate surpassed last year’s market valuation by doubling its $1 trillion since January 2020. Now, in its third quarter (Q3), the tech behemoth […]

Brazil's awaited 5G tender yields billions in investment

Brazil held its much-anticipated auction for build-out of the nation’s fifth-generation wireless network on Thursday, with the open question of whether China’s Huawei telecommunications company will be involved. The technology promises faster speeds, less lag when connecting to the network and the ability to connect more devices to the internet. But the ambitious auction also […]

Airbnb reports $834 million 3Q profit as revenue soars

Airbnb said Thursday that it earned $834 million on record revenue in the third quarter as more people got vaccinated and went back to traveling. When companies closed offices in response to the COVID-19 pandemic, that freed some employees to work remotely using video technology, and Airbnb said the result was a huge jump in […]

Autonomous vehicle maker Nuro secures $600M for expansion

Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a part of a 2018 partnership. “Demand for local deliveries is exploding,” […]