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Industry Keyword: Covid-19

HomeKeywords:Covid-19

EU targets Uber, Deliveroo model with gig workers’ rights plan

The European Commission announced draft rules to give many drivers for online firms such as Uber and Deliveroo employee benefits, a move labour unions say is overdue but some companies argue will lead to...

Google delays mandatory return to office beyond January the 10th

Google has said it is pushing back its January return-to-office plan globally amid growing concerns over the Omicron variant of the coronavirus and some resistance to company-mandated vaccinations. Google in August had said it would...

Facebook, Instagram remove Chinese network over fake ‘Swiss biologist’ COVID claims

Facebook owner Meta Platforms Inc has said it had removed accounts used by an influence operation originating in China that promoted claims of a fake "Swiss biologist" saying the United States was interfering in...

New York accuses Amazon of backsliding over worker safety

New York state's attorney general has asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfilment centre in New York City, citing the retailer's alleged rollbacks of...

Amazon exec says Omicron’s impact on holiday spending uncertain

A senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. "It’s very...

Chinese e-commerce platform Pinduoduo slumps after revenue miss

US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbreaks hit consumer spending. Shares of Shanghai-based Pinduoduo Inc...

Airbnb revenue surges as countries open up for vaccinated travelers

Airbnb Inc's quarterly revenue topped Wall Street expectations and the short-term home rental company said, a rebound in global travel amid rising vaccination rates in the last three months of the year would drive...

Lyft soars as company charts a path out of the pandemic

Lyft Inc shares soared more than 13% in extended trading after the company reported an adjusted profit for the third quarter and outlined a path to sustained profitability on the back of drastic cost...

Amazon’s holiday forecast disappoints as labour, supply issues mount

Amazon.com Inc has reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping. Shares in the...

EBay revenue outlook disappoints as pandemic-led boom fades

EBay has projected holiday-quarter revenue below market expectations, another sign that the online shopping boom fuelled by the pandemic was tapering as consumers returned to stores. The company was a big corporate winner in 2020...

Robinhood shares drop below IPO price in after-market trading on crypto slowdown

Robinhood Markets Inc's shares fell below their initial public offering price in after-hours trading after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like...

AFR: Australia to make permanent company laws allowing virtual AGMs

Australia will make permanent rules introduced during the COVID-19 pandemic that allow companies to hold virtual shareholder meetings and electronically distribute documents, the Australian Financial Review has reported. Under the new rules, companies will be...