Amazon and BBC back London’s new Reskilling for the Recovery Fund

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Big corporations including Amazon (AMZN) and the BBC have thrown their weight behind a new fund aimed at helping London’s small businesses retrain staff for the post-COVID economy.

The Reskilling for the Recovery Fund was launched on Tuesday to award apprenticeship funding to London’s small businesses for new and existing staff.

Amazon, Avison Young, the BBC, City University, FTI Consulting, publisher Pearson (PSON.L), and the London boroughs of Haringey and Lambeth have all signed up to support the new fund. Each organisation is pledging their unspent apprenticeship levy to the fund, with £500,000 ($633,464) raised so far.

The fund is the brainchild of the London Progression Collaboration, a non-profit backed by the Institute for Public Policy Research (IPPR), the Greater London Authority, and JP Morgan (JPM). The project aims to help get 1,000 low-skilled workers into higher paid jobs and help out-of-work Londoners find

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How Data Can Power Businesses Through the COVID-19 Crisis

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In times of crisis, decisions need to be better informed than ever before. This means bringing data into the picture to allow organizations to understand both the internal and external factors that could influence the path they take going forward. Making these insights comprehensible and cohesive for everyone through a visual analysis, no matter how data-literate they are, is vital to making sure they are actioned.

At Gramener, we wanted to uncover the level of preparedness of small businesses to COVID-19. We partnered with the NJ Tech Council to issue weekly surveys to business leaders and have compiled a summary of their responses in the form of different data visualizations. These insights, which are updated weekly, show how hard small businesses were hit by the pandemic and the swift actions they planned to maintain business continuity and growth.

Small Business Model Pivots

Looking ahead to the future,

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Uber (UBER) Rides Business Down 70%, Better Than April Drop

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Uber Technologies UBER revealed that its rides business is showing gradual improvements with easing coronavirus-led restrictions.

At a conference held by Bank of America, Uber’s CEO Dara Khosrowshahi notified that its rides business has been showing week-over-week improvement and is currently down 70% year over year, which is better than the 80% fall in April. He added that rides business in Hong Kong has improved more than 80% from the lows amid COVID-19 concerns. Uber carries a Zacks Rank #3 (Hold).

Earlier in the month, Uber’s arch rival Lyft LYFT, carrying a Zacks Rank #3, gave similar news, stating that rides increased 26% in May from April but were down 70% year over year.

Coming back to Uber, as for the Eats business, Khosrowshahi stated that the same is continuing to boom, having more than doubled year over year as of May. This might ease investor concerns that the Eats

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