Indiana businesses are receiving a second round of payroll protection loans to assist with the economic downturn from the coronavirus pandemic.

The unemployment rate in the United States is surging because of business closures and disruptions related to the coronavirus pandemic.

Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. Tech Xplore reports: The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million. Jump had been losing about $60 million a quarter. "While our Rides business has been hit hard by the ongoing pandemic, we have taken quick action to preserve the strength of our balance sheet, focus additional resources on Uber Eats, and prepare us for any recovery scenario," said CEO Dara Khosrowshahi in a statement. "Along with the surge in food delivery, we are encouraged by the early signs we are seeing in markets that are beginning to open back up." On Wednesday, San Francisco-based Uber said it was cutting 3,700 full-time workers, or about 14% of its workforce, as people avoiding contagion either stay indoors or try to limit contact with others. Its main U.S. rival Lyft announced last month it would lay off 982 people, or 17% of its workforce because of plummeting demand. Careem, Uber's subsidiary in the Middle East, cut its workforce by 31%. Uber brought in $3.54 billion in revenue in the first quarter, up 14% from the same time last year. Revenue in its Eats meal delivery business grew 53% as customers shuttered at home opted to order in. Gross bookings grew 8% to $15.8 billion, with 54% growth in the food delivery business and a 3% decline in rides, on a constant currency basis. The report adds that rides were down 80% globally during the month of April. "But rides have been increasing for the past three weeks and bookings in large cities across Georgia and Texas, two states that started re-opening, are up 43% and 50% respectively from their lowest points," the report says.

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IT services provider Cognizant said in an earnings call this week that a ransomware incident that took place last month in April 2020 will negatively impact its Q2 revenue. ZDNet reports: "While we anticipate that the revenue impact related to this issue will be largely resolved by the middle of the quarter, we do anticipate the revenue and corresponding margin impact to be in the range of $50 million to $70 million for the quarter," said Karen McLoughlin, Cognizant Chief Financial Officer in an earnings call yesterday. McLoughlin also expects the incident to incur additional and unforeseen legal, consulting, and other costs associated with the investigation, service restoration, and remediation of the breach. The Cognizant CFO says the company has now fully recovered from the ransomware infection and restored the majority of its services. Speaking on the ransomware attack, Cognizant CEO Brian Humphries said the incident only impacted its internal network, but not customer systems. More precisely, Humphries said the ransomware incident impacted (1) Cognizant's select system supporting employees' work from home setups and (2) the provisioning of laptops that Cognizant was using to support its work from home capabilities during the COVID-19 pandemic. Humphries said staff moved quickly to take down all impacted systems, which impacted Cognizant's billing system for a period of time. Some customer services were taken down as a precaution.

Read more of this story at Slashdot.

Some people like to read something more unusual than magazines or books. Take Away English reports.

Just two days after refusing to make the contract public, Gov. Gavin Newsom's administration disclosed the 42-page document on its nearly $1-billion coronavirus mask deal with Chinese electric car maker BYD.

Desperate for coronavirus help, California spending billions on no-bid coronavirus contracts, little accountability

The US designer who rebuilt his life after destroying it through cocaine and crystal meth addiction.

The International Monetary Fund has approved a $226 million loan to help Cameroon to combat the coronavirus as it faced plunging oil revenues.

As fires tear across California, a Silicon Valley technology company believes artificial intelligence could be the key to preventing them in the future.

Contrarian bettors are off to their best start through the first four weeks of the season since 2003.

Princess Cruises were the first cruise line to introduce the Ocean Medallion smart wearable device that is supposed to change the way you cruise. It helps you board the ship faster, find your way around the ship, order food and drink to wherever you are on the ship, gamble and play games , locate your friends and more. But how does it really work? What are the pros and cons? Find out my thoughts, take and review of the Princess Cruises Ocean Medallion.

Money needs to get spent fast. Money needs to get spent well. To some extent, those objectives are in tension.

A recent article from Edutopia suggested that we’re rushing young children through childhood.

At a cost of $7.5 million a patient, they were 16 very expensive field hospitals. Yet, according to NPR, those hospitals are now “stand[ing] down.” You probably remember them from headlines early in the pandemic: makeshift medical centers being assembled at breakneck speed by companies contracted by the Army Corps of Engineers in anticipation of…

The post After Treating Barely Any Patients for a Massive $7.5 Million Each, 16 Emergency COVID Hospitals Are Standing Down appeared first on The Western Journal.

The online gambling ring allegedly used an offshore website to help book $32 million in illegal sports wagers placed by more than 2,000 bettors in the United States.

Prime Minister Justin Trudeau says Canada will not pay the full price for medical masks that do not live up to medical standards.

11 Million Struggling to Pay Mortgage Payments and Rent

February 20, 2020 (New York, NY) –For the first time, eMarketer is estimating the number of people who watch Twitch on a regular basis in its latest forecast.  Twitch hosts streaming […]

More than 20% of social users will use TikTok this year February 27, 2020 (New York, NY) – Since launching in the US in 2017, social video app TikTok has […]

Despite strong growth, D2C companies are facing more headwinds   April 2, 2020 (New York, NY) — For the first time, we are breaking out direct-to-consumer (D2C) ecommerce sales. We define […]

The province is investing $1.5 million to support a housing project in Muskoka to help people with no place to call home.

12 March 2015 , Volume 91, Number 2

Jesper V. Olsen
Dec 1, 2005; 4:2010-2021
Technology

The leak exposed millions of records with full names, emails, user conversations, payment logs, and IP addresses dating back to March.

Water scarcity, a socio-environmental threat to anthropogenic activities and ecosystems alike, affects large regions of the globe. However, it is often the most vulnerable and disadvantaged populations that suffer the severest consequences, highlighting the role of economic and institutional factors in water scarcity. In this way, researchers generally consider not only the physical constraints but socio-economic determinants as well.

A new way of looking at marine evolution over the past 540 million years has shown that levels of biodiversity in our oceans have remained fairly constant, rather than increasing continuously over the last 200 million years, as scientists previously thought.