Singapore's central bank said on Tuesday that German payment company Wirecard's local entities had informed it that they are assessing their ability to continue providing services in the city-state after their parent firm filed for insolvency. "Credit card payments at merchants using Wirecard's services, as well as usage of pre-paid cards issued by Wirecard, will be affected if it ceases operations here," the Monetary Authority of Singapore (MAS) said in a statement. There was no immediate response from Wirecard to a Reuters query sent outside business hours....
Boeing Co began a series of long-delayed flight tests of its redesigned 737 MAX with regulators at the controls on Monday, hoping to win approval and rebuild its reputation after fatal crashes that toppled its leaders and grounded the jet worldwide. Pilots from the U.S. FAA and Boeing landed around 2:15 p.m. local time at King County International Airport, also known as Boeing Field, after a round trip to eastern Washington that included a high-speed system test and other maneuvers over about three hours. Reuters first reported the long-awaited certification test flights, scheduled over three days, were set to start on Monday, a pivotal moment in Boeing's worst-ever corporate crisis triggered by twin crashes that killed 346 people in Ethiopia and Indonesia....
(Bloomberg) -- Indian and U.S. technology companies are urging the Trump administration to reconsider an executive order freezing access to many work visas, warning the move would undermine a business model used to supply high-skill talent to clients from Wall Street to Silicon Valley.Donald Trump’s order last week halts approvals of a range of visas through year-end, including those for intra-company transfers and study-abroad programs, and is aimed at giving Americans preference after record job losses from the coronavirus pandemic. Key for the tech industry are H-1B visas used by workers from India and other countries to fill key roles.Visa processing is an elaborate, months-long affair so any disruption could hurt the ability of critical workers to travel to clients sites for an extended period. Already, the virus lockdowns have blocked consulate visits essential to the process and forced hundreds of thousands of workers into challenging work-from-home situations.India’s technology trade group,...
(Bloomberg) -- Here’s a list of companies that are planning to halt spending on social media. Some have joined a boycott of Facebook Inc. after critics accused the social network of inadequately policing hateful and misleading content on its platform:Starbucks Corp. -- Pausing advertising on all social media platforms. Will post on social media without paid promotion.Microsoft Corp. -- Paused global advertising spending on Facebook and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.Unilever Plc -- Halting advertising on Facebook, Instagram and Twitter in the U.S. through Dec. 31.Coca-Cola Co. -- Pausing advertising on all social media platforms.Clorox Co. -- Will stop advertising spending with Facebook through December.Conagra Brands Inc. -- Will stop advertising in U.S. on Facebook and Instagram through the rest of the year.Ford Motor Co. -- Halting U.S. social media for 30 days, won’t purchase social media...
For over 100 years IBM has been one of the most quintessential technology giants in America. Over the past few years, the company has been transitioning from a computer manufacturer to a leading cloud platform and cognitive solutions company. IBM, the common name of International Business Machines Corporation, is one of the largest technology and […]...
