crisis

Atos looks beyond the Covid-19 crisis to help businesses prepare for the future

Gordon B. Johnson 3 days ago

Paris, May 14, 2020

Atos, a international leader in electronic transformation, anticipates what the entire world will glance like right after the Covid-19 disaster in a report released by specialists from the Atos Scientific Community, a international network built up of one hundred sixty of the major experts, engineers and forward thinkers from across the Group, who have been energetic on the topic because the starting of the disaster. Their predictions not only detail possible implications and alternatives for person industries they also investigate the ‘transversal’ implications of technologies that have the possible to rework equally businesses and societies.

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Rolls-Royce to Cut 9,000 Jobs Amid Coronavirus Crisis

Gordon B. Johnson 4 days ago

Rolls-Royce is reducing at the very least nine,000 jobs as element of what the business referred to as a “major reorganization” of its organization to handle medium-term structural changes introduced on by the COVID-19 pandemic, which has considerably reduced client need.

“We have presently taken action to reinforce the monetary resilience of our organization and minimize our funds expenditure in 2020,” the business said in a statement. “It is, on the other hand, significantly apparent that action in the industrial aerospace marketplace will just take several many years to return to the concentrations witnessed just a handful of months in

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Intuit Warns of Revenue Hit From Virus Crisis

Gordon B. Johnson 2 weeks ago

Intuit shares fell in right after-hours investing Thursday right after the tax-preparation software package company forecast profits would decline sharply in the third quarter due to the coronavirus pandemic.

Intuit mentioned it anticipated profits to fall about 8% to involving $2.99 billion and $three billion, citing the detrimental affect of COVID-19 on small business enterprise clients and the extension of the tax submitting deadline to July fifteen, which will change profits to the fourth quarter.

The firm had previously guided for profits to improve 10% to eleven% to involving $three.6 billion and $three.sixty two billion.

Intuit’s shares dropped 2.6% to

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World facing worst economic crisis since Great Depression

Gordon B. Johnson 1 month ago

The world wide coronavirus pandemic has inflicted an financial crisis contrary to any in the earlier century and will need a large response to make certain restoration, IMF chief Kristalina Georgieva explained on Thursday.

The warnings about the destruction inflicted by the virus previously were being stark, but Ms Georgieva explained the environment must brace for “the worst financial fallout because the Good Depression.”

With nearly 89,000 deaths in 192 countries and territories and the number of scenarios now surpassing 1.five million around the globe, substantially of the world wide financial state has been shut down to comprise the distribute

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What we learned from the 2008 global financial crisis

Gordon B. Johnson 1 month ago

Transcript

Tim Buckley: I look again at 2008‒2009, and I remember folks panicking—investors I highly regarded. Some of them were getting out on March nine, 2009. They couldn’t tackle it any more, and that’s just when the marketplaces took off. No 1 had predicted that. You constantly have to remember the marketplaces are forward-wanting, and you do not know when they are going to just take off—just like you do not know when they are going to tumble. So it is greatest to be invested than to try out to time it, for the reason that it is shut to

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