Covid fueled semiconductors crunch chips away at carmakers
In grim warnings, major carmakers including Toyota and Volkswagen offered fresh evidence that the auto industry remains firmly in the grip of an ongoing semiconductor chip shortage that shows no sign of abating. After being forced to close plants in this pandemic took hold, carmakers are now facing stiff competition from the sprawling consumer electronics […]
Return to work: What will trading floor look like?
There has been a tremendous amount of change in the way in which we work in the last 18 months. The financial services industry is no different. There is now a sense of hope that life could soon return to normal. Financial services organizations could achieve by creation of distributed hub-and-spoke offices. In addition to […]
WHO seeks to take political heat out of virus origins debate
The World Health Organization announced that it was setting up a new group to trace the origins of the coronavirus, seeking to end what it called political point scoring that had hampered investigations. The inability of the WHO to say where and how the virus began spreading has fueled tensions among its members. This is […]
Collaboration for good: Aviation operational tech solves Covid nurse scheduling problem
The arrival of COVID has turned everything. This has created an immediate need to rapidly expand intensive care units and challenging existing employment practices and regulation. Out of this crisis inspirational and clever collaborations around the world delivered a myriad of life-saving solutions. The use of Boeing’s market leading Jeppesen digital aviation software, which uses […]
Collaboration software evolves for the remote work era
The pandemic has forced businesses around the world to adapt the way they work and embrace the benefits of a hybrid or complete remote working model. According to the World Economic Forum, since the pandemic, 84% of employers plan to rapidly digitalize working processes. There is a gradual shift towards hybrid working practices, over a decade. […]
England changes Covid – 19 app so fewer people need to isolate
Britain’s health ministry said that the England’s COVID-19 mobile phone app will be tweaked so that fewer contacts of asymptomatic people who test positive for the disease will need to self-isolate. Business leaders have raised concerns about the numbers of staff who are having to self-isolate after being pinged by the app when they come […]
AIB becomes first Irish lender to kick off Covid – 19 writebacks
Allied Irish Banks (AIB) became the first Irish bank to unwind provisions on bad loans related to the COVID-19 crisis. This is after its first half return to profit included a net credit impairment writeback of 103 million euros. The bank posted a half-year pretax profit of 291 million euros ($345.62 million). Ireland’s other dominant lender, Bank of Ireland, took a further […]
Global banks in Hong Kong push to get staff back to office
Global banks are moving faster in Hong Kong. This is to get staff back to office versus in other major centers, given fewer daily COVID-19 cases in the Asian city, and are offering incentives such as onsite vaccinations and days off to encourage inoculation. More than 70% of Morgan Stanley’s staffs are back at their […]
Exclusive Foxconn’s iPhone output in India down amid covid surge
The production of the Apple iPhone 12 at the Foxconn factory in India has slumped by more than 50%. This is because the woorkers got infected with covid and left heir posts. The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for India. Tamil Nadu is facing one of the worst hits in […]
The unknown power of the ATMs
As the banks continue to face the strict implementations while battling the competition between the traditional and new entrant banks. To add on, there is this Covid-19 which has caused a change in consumer approach which has fastened the digital transformation based on the clients’ requests for the innovative and digital approach and services. A […]