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  Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, April 16, 2021 Initial claims slowly start moving lower When the COVID-19 pandemic rapidly descended on the U.S. economy in the winter of 2020, one of the first economic data points that captured the sheer scale of the looming disaster was weekly initial jobless claims.  For the week ending March 21, 2020, initial claims skyrocketed to record-breaking levels as lockdowns roiled the jobs… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

Google has added an extra 30-day period to its vulnerability disclosure cycle to allow customers more time to fix vulnerabilities before technical details are released. The tech giant’s Project Zero team is a prolific researcher of industry vulnerabilities, and maintains a strict 90-day policy of public vulnerability disclosure after vendor notification, in order to pressure firms to issue patches quicker. “In practice however, we didn’t observe a significant shift in patch development… Source link

Demand for cryptocurrencies in the country has been driven up recently by inflation pressures and a weaker Turkish Lira. The country’s annual inflation rose above 16% in March. Photo: Chesnot/Getty Images The price of bitcoin (BTC-USD) descended from record highs on Friday following a decision by Turkey’s central bank to ban cryptocurrencies for payments.  The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger… Source link

MOSCOW (Reuters) – Russian internet giant Yandex is set to launch its online grocery delivery in Paris in the second quarter of this year, the company said on Friday, after strong demand in Russia during the COVID-19 pandemic. Russia’s e-commerce market boomed last year as lockdown restrictions kept shoppers at home, with Yandex.Lavka, a 15-minute grocery delivery service, one of the main beneficiaries. Yango, the international arm of Yandex Go, the firm’s taxi aggregator and food tech… Source link

A search for ‘Australia News’ on the Google homepage, arranged on a desktop computer in Sydney, Australia, on Friday, Jan. 22, 2021. David Gray | Bloomberg via Getty Images Australia’s federal court found that Google misled users about personal location data collected through Android mobile devices between 2017 and 2018, the country’s competition regulator said Friday. The Australian Competition and Consumer Commission (ACCC) — which launched legal proceedings against Google in 2019 — said… Source link

Google CEO Sundar Pichai announced that a ‘Timelapse’ feature has been introduced in Google Earth, the biggest update since 2017, which will make anyone watch time unfold and witness nearly four decades of planetary change. “Our planet has seen rapid environmental change in the past half-century — more than any other point in human history. The new Timelapse feature in Google Earth compiles 24 million satellite photos from the past 37 years into an… Source link

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