In this issue

Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, while U.S. stocks recovered about half of their losses. There is tremendous volatility, with the extent of economic damage from the pandemic still anyone’s guess. Factories are closed, retail stores are closed, travel has ground almost to a halt and billions of people are sheltering at home, going outside only to find essential supplies.

COMPUTER-GRAPHICS PIONEERS WIN TECH'S TURING PRIZE

The technology that animated movies like “Toy Story” and enabled a variety of special effects is the focus of this year’s Turing Award, the technology industry’s version of the Nobel Prize.

1 min

Facebook Bug Wrongly Deleted Authentic Coronavirus News

Facebook said a bug in its anti-spam system temporarily blocked the publication of links to news stories about the coronavirus.

1 min

SPACEX PUTS 60 SATELLITES INTO ORBIT DESPITE ENGINE FAILURE

SpaceX launched 60 more of its internet satellites into orbit Wednesday despite an engine failure shortly after liftoff on a recycled rocket flying a record five times.

1 min

JOBLESS CLAIMS JUMP BY 70,000 AS VIRUS STARTS TO TAKE HOLD

The number of Americans filing new claims for unemployment benefits surged last week by 70,000 to the highest level in more than two years, indicating that the effect of the coronavirus was starting to be felt in rising layoffs in the job market.

2 mins

CHINESE FACTORIES FACE NEW THREAT: US ANTI-VIRUS CONTROLS

Factories in China, struggling to reopen after the coronavirus shut down the economy, face a new threat from U.S. anti-disease controls that might disrupt the flow of microchips and other components they need.

4 mins

GOVTS PLEDGE AID AS GLOBAL COMMERCE SEIZES IN FACE OF VIRUS

Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt.

8 mins

BUILDING A SAVINGS CUSHION IN A TIME OF EMERGENCY

If you are going to stockpile anything these days, consider liquid savings.

5 mins

U.S. INTERNET WELL-EQUIPPED TO HANDLE WORK FROM HOME SURGE

The U.S. internet won’t get overloaded by spikes in traffic from the millions of Americans now working from home to discourage the spread of the new coronavirus, experts say. But connections could stumble for many if too many family members try to videoconference at the same time.

2 mins

PENTAGON RECONSIDERS MICROSOFT CONTRACT AFTER AMAZON PROTEST

The Pentagon is reconsidering its awarding of a major cloud computing contract to Microsoft after rival tech giant Amazon protested what it called a flawed bidding process.

1 min

FRANCE FINES APPLE $1.2 BILLION FOR ANTI-COMPETITIVE ACTS

French regulators fined Apple 1.1 billion euros ($1.2 billion) on Monday for striking deals to keep prices high, in the biggest-ever such sanction by France’s Competition Authority.

1 min

Read all stories from Techlife News

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