Reuters voluntary work from home extended to January 2021

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The following was sent to Reuters staffers on Thursday:Colleagues,I hope that you, your family and your friends are well as we continue to battle this pandemic around the world. Your health and safety are our first priority.We aim to be as clear as possible, to help you plan. The leadership team has therefore decided to extend our voluntary work from home period to January 11, 2021.Countries’ efforts to understand and tackle the pandemic are advancing but, as expected, the picture is uneven. Global health concerns, fluctuating changes in travel restrictions and discussions with our customers indicate this is the right…

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Victoria Beckham to axe 20 workers in bid to keep fashion brand afloat

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Victoria Beckham is set to make 20 staff redundant at her loss-making fashion label to ‘future-proof’ it after the coronavirus pandemic. The news comes just months after reversing plans to furlough employees. Mrs Beckham’s company, with its flagship Mayfair store which sells £2,000 dresses and £1,000 handbags, will also halve the number of annual fashion collections after being hard-hit by the Covid-19 crisis. The blow for the staff come just two months after she came under fire for deciding to furlough 30 members of staff. Public outcry prompted her to reverse the decision, insisting her team’s welfare ‘means everything to…

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Lloyds dives into the red as bank expects £3.8bn of bad loans

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Lloyds Banking Group has plunged into the red after it booked a £3.8bn provision for bad loans arising from the coronavirus crisis. Results covering the first half of the year showed a pre-tax loss of £602m compared to profits of £2.9bn for the same period in 2019. Lloyds said it had set aside £2.4bn for possible loan losses in the three months to June alone as the UK economy became mired in the coronavirus lockdown. It was almost £1bn more than financial analysts had expected. Such provisions have become a staple of bank reporting since the crisis began – with…

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IoT News – Avanci Launches 5G Licensing Platform for the Internet of Things

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New automotive licensing program reviewed by U.S. Department of Justice.Avanci, the one-stop platform for licensing wireless technologies for the Internet of Things (IoT), today launches its 5G automotive licensing program.This important step comes as the auto industry works to develop the next generation of connected vehicles, ensuring that this technology can be shared efficiently and affordably. 5G connectivity will deliver significant value to the automotive sector, building on the use of previous standards in connected vehicles. This program, part of Avanci’s new 5G IoT platform, will enable patent owners and IoT and automotive companies to share 5G standard essential wireless…

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Barclays sets aside £3.7bn as crisis hurts consumer business

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Barclays made provisions of £3.7bn in the first half of the year to cover possible loan losses as the coronavirus crisis took its toll on consumers and businesses. The bank’s latest financial results showed it set aside £1.6bn to cover bad debts during the second quarter – the three months to the end of June – as the lockdown in its core UK market came into full effect. The credit impairment charges and loan loss provisions came in about £200m above the expectations of analysts. They dented group profit before tax for the six months, which fell to £1.3bn compared…

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How Wired assesses and assigns stories

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Wired magazine has posted a tutorial on how it assigns and assesses story ideas.It writes, “WIRED is a publication about change—about the ways science and technology are reshaping the world and what it means to be human. While the subjects of WIRED stories run the gamut from deep dives into the biggest tech companies to Hindu extremism to space food to true crime, every story has technology, science, or innovation as one of its key variables.“The science fiction author William Gibson once said that the future is already here, it’s just unevenly distributed. WIRED stories are often about those places where the future seems to be welling…

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Former Vedomosti journalists launch new media outlet

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Ex-Vedomosti senior editors and journalists are launching a new media project, “VTimes,” with the aim to continue Vedomosti’s tradition of independent journalism and editorial objectivity, reports The Moscow Times.“More than ever before Russia needs independent sources of information that can be trusted and platforms for the free exchange of opinions and professional expertise,” Alexander Gubski, one of the project’s founders and the former deputy editor at Vedomosti, said.In addition, numerous former experts and columnists who wrote for Vedomosti have confirmed their cooperation with VTimes.Derk Sauer, Vedomosti’s founder and the publisher of The Moscow Times, will act as adviser for the…

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Bloomberg expands New Voices to black executives

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Bloomberg announced that its New Voices media training program will add a cohort of Black executives in the United States.“We specifically named the program New Voices to ensure we would try to address every dimension of under-representation,” said Laura Zelenko, senior executive editor for diversity, talent, standards and training at Bloomberg News. “And now we want to expand to launch a cohort specifically for Black executives in the U.S. to accelerate our progress in improving representation across our media platforms.”Bloomberg News launched the New Voices initiative in 2018 with the goal of increasing representation of women and other under-represented experts…

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Reuters launches video news channel on Plex

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Reuters announced the launch of a video news channel on Plex, the streaming media platform.Plex users will have access to Reuters news content 24 hours a day and seven days a week. Reuters video coverage will be delivered in 30-minute feeds that are updated throughout the day.“Reuters remains committed to providing trusted global news and we are delighted to join Live TV on Plex at a time where access to information has never been more important,” said Jess April, director of strategy partnerships at Reuters, in a statement.Reuters news on Plex will feature packaged video segments with each story presented…

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Google contributes millions to journalism amid pandemic

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Google has poured more than $39.5 million into journalism since the pandemic began.The finances have been allocated across 5,600 in 115 countries as part of the Google News Initiative Journalism Emergency Relief Fund.“When COVID-19 was turning the world upside down, we didn’t know what to expect,” said Google News Initiative Innovation head Ludovic Blecher. “The intent was simple: help address a very real need from local publishers and news sites globally that are facing financial hardship as a result of the economic and advertising downturn.”However, although the funding has helped newsrooms, it also highlights the news industry’s growing dependence on…

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WSJ newsroom pressing paper for changes

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Joe Pompeo of Vanity Fair examines the rising activism within the Wall Street Journal newsroom, where reporters are pushing the paper’s management for changes regarding diversity and the editorial page.Pompeo reports, “These are the very types of issues that, with the resurgence of the Black Lives Matter movement, have been thrust to the fore at all of America’s major media organizations. Indeed, each of the Journal’s main counterparts in the American newspaper industry—the New York Times, the Washington Post, and the Los Angeles Times—has recently been experiencing its own reckoning along these lines. The Journal, as an institution, has historically been more buttoned-up and conservative (both in…

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IoT News – The adoption of eUICCs and iSIMs for IoT is forcing vendors to adapt their strategies

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By Ibraheem Kasujee, Research Analyst at Analysys Mason.“Vendors’ role in the IoT value chain is changing; they have no choice but to adapt their strategies to address the challenges that eUICCs and iSIMs will bring.”The introduction of eUICCs1 and iSIMs is disrupting the IoT connectivity value chain. Chipset players and SIM vendors will have a more-direct relationship with the end user as a result of this change, and their focus will shift from providing hardware to offering software services. Vendors have no choice but to adapt their IoT strategies to address the challenges that eUICCs and iSIMs will bring.This article…

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Washington Biz Journal publisher Abrahams resigns

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Peter AbrahamsPeter Abrahams, market president and publisher of the Washington Business Journal since November 2018, will be departing this summer to pursue a new opportunity, reports Vandana Sinha of the Business journal.Sinha reports, “He said he can’t give more specifics yet of the new move, but he added that it will take him back and forth from D.C. to Baltimore starting later this year. His last day with the WBJ will be Aug. 3.Read more here.

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Reuters appoints bureau chiefs, editors in Asia

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Reuters has appointed key editorial roles in bureaus across Asia on Monday:—Angie Teo has been appointed Indonesia bureau chief and will lead Reuters coverage across the world’s fourth-most populous country. Teo joined Reuters in 2010 reporting on palm oil pricing in Malaysia before joining Reuters Video News and in 2014 moved to Jakarta to run Reuters video operation. She has anchored various major stories in Asia including the disappearance of Malaysian Airlines MH370, the assassination of Kim Jong Nam and the Easter bombings in Sri Lanka.—Karen Lema has been appointed bureau chief of the Philippines. Lema joined Reuters in 2006…

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A publisher who believes in editorial independence

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Craig WesselSuzanne Stevens, the editor of the Portland Business Journal, writes about publisher Craig Wessel, who is retiring later this year.Stevens writes, “Craig values editorial independence. He values it as a publisher and as a consumer of news. He knows that without it, the content suffers.

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