By Tina Costanza More than half of business executives who reported a data breach cited the main cause as human error by employees, Shred-it’s 2019 Data Protection Report suggests. Now, in this period of COVID-19, in which many employees are working remotely, organizations are potentially more susceptible to events such as data breaches and [...]
The COVID-19 pandemic has demonstrated the need for organizations to be agile, collaborative and responsive, and to embrace new ways of working, says Alison Pozzobon, Head of Corporate Communications and Community Partnerships at GlaxoSmithKline (GSK) Canada. The global healthcare company has responded to that need by establishing four pillars for itself: charitable donations to [...]
WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. The drop in gross domestic product (GDP) reported by the Commerce [...]
(Reuters) - Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April. Shares of the company, which owns WhatsApp and Instagram, were up 9% in extended trading. Advertisers have pulled or cut marketing budgets to [...]
(Reuters) - Canada’s main stock index reversed early gains to trade lower on Monday on persisting worries over the economic damage from coronavirus pandemic, although gains in energy stocks after major oil producers agreed to output cuts limited losses. Fears of a deep global recession continue to weigh on sentiment as the health crisis [...]
(Reuters) - Small and medium-sized businesses in Canada, which have been affected by the ongoing coronavirus crisis, will be able to access interest-free loans of up to $40,000 to meet their cash requirements, according to the Canadian Bankers’ Association. Under the new federal plan, businesses will be able to apply for loans online and [...]
OTTAWA (Reuters) - Canada’s coronavirus death toll is set to soar from the current 435 to as high as 22,000 by the end of the pandemic, health officials said on Thursday, while the economy lost a record 1 million jobs last month. Officials outlined the two most likely scenarios, showing that between 11,000 and [...]
NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut [...]
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite many medical experts saying that closures and social distancing measures will need to stay in place for longer to defeat the coronavirus. Asked on CNBC whether he thought President Donald [...]
TORONTO/OTTAWA (Reuters) - Many Canadian small businesses reeling from losses due to the coronavirus outbreak may be ineligible for federal government and bank aid designed to help them survive, industry experts say, with several already shuttered or rapidly running out of cash. The measures include a number of government-backed loan options for small businesses, [...]