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(Bloomberg) -- Japanese women are missing out on around ¥111 trillion ($761 billion) in pay for a range of household tasks they do for free, an amount that's roughly equivalent to a fifth of the country's economy. If the value of women's unpaid labor were added to average wages, the pay gap between the two genders would roughly disappear, according to Naoko Kuga, a senior researcher at NLI Research Institute. Economists have pointed out that the low level of women's pay in Japan is one of the largest reasons behind stagnant wage growth in the country in the past two decades. [Extracted from the article]

Within a few months, those few dozen workers will grow into thousands, all assembling what the US president in his most recent State of the Union address promoted as one the most advanced semiconductor fabrication plants on the planet. (Bloomberg Businessweek) -- If you want to see what Joe Biden has called his "field of dreams", head to the intersection of Clover Valley Road and Miller Road in Licking County, Ohio. In a November speech, Fed Chair Jerome Powell cited pandemic deaths, a pickup in retirements and a drop in labor participation as key forces behind a widening worker shortfall. [Extracted from the article]

The co-called demand letter, which pledges a lawsuit if the government doesn't take certain steps in the coming days, further ratchets up pressure on President Cyril Ramaphosa. (Bloomberg) -- Opposition politicians and South Africa's biggest labor union say they're readying a lawsuit against the head of the state-owned power company and a government official that oversees it as blackouts cripple the nation. [Extracted from the article]

The co-called demand letter, which pledges a lawsuit if the government doesn't take certain steps in the coming days, further ratchets up pressure on President Cyril Ramaphosa. (Bloomberg) -- Opposition politicians and South Africa's biggest labor union say they're readying a lawsuit against the head of the state-owned power company and a government official that oversees it as blackouts cripple the nation. [Extracted from the article]

Phantom Auto and ArcBest will begin selling remote-enabled forklifts to third parties this year, according to Katz, as they look to capitalize on demand from other companies that are also struggling to fill logistics positions. Arkansas-based ArcBest Corp. and New Jersey-headquartered NFI Industries Inc. will deploy thousands of forklifts running on software supplied by Phantom Auto, a startup focusing on vehicle teleoperation. [Extracted from the article]

(Bloomberg) -- American Express Co. told employees they can keep working from home through the U.S. Labor Day holiday in September as New York City continues its slow distribution of coronavirus vaccines. AmEx would be willing to help the city distribute vaccines to its employees, similar to how it has offered flu shots, Chief Executive Officer Stephen Squeri said during an event hosted by Bloomberg on Thursday. [Extracted from the article]

At the height of India's coronavirus lockdown last month, an attorney seeking bail for a client in the western state of Rajasthan came up with a novel way to beat the scorching summer heat. As workers worldwide wrestle with the norms of home video conferences -- the de facto meeting rooms of the coronavirus era -- tensions are running particularly high in India. It's called for Indian courts to ban video conferencing after the lockdown, saying advocates and judges are unaware of its nuances. [Extracted from the article]

(Bloomberg) -- EasyJet Plc said email addresses and travel data of about 9 million customers had been accessed in a "highly sophisticated" cyberattack, one of the biggest data breaches to hit the airline industry. Cyberattacks against businesses and their employees have surged this year as hackers take advantage of the disruption caused by the coronavirus pandemic. [Extracted from the article]

(Bloomberg) -- The British government's call to restart the economy may have sounded good, but there's little evidence the country is taking heed. Nissan Motor Co. has said it plans to restart Britain's biggest car plant in early June. [Extracted from the article]

(Bloomberg) -- On the night of April 20, Christian Klein gained two major responsibilities. Klein said that in plotting SAP's course through the Covid-19 crisis, he and Morgan realized they were "not on the same page" on several decisions he declined to disclose. Klein and Plattner are close, with the chairman sending a glowing internal mail after Klein's promotion in which he assured him of his support. [Extracted from the article]

(Bloomberg) -- Cisco Systems Inc. gave a better-than-feared sales forecast, helped by a boom in remote work and online activity that is stoking demand for the company's network equipment. Cisco CEO Tells Staff Jobs Are Safe, Urges Others to Avoid Cuts In mid-April, Cisco said it would offer $2.5 billion in financing to customers to encourage them to keep buying equipment during the Covid-19 pandemic. [Extracted from the article]

(Bloomberg) -- Cisco Systems Inc. gave a better-than-feared sales forecast, helped by a boom in remote work and online activity that is stoking demand for the company's network equipment. Cisco CEO Tells Staff Jobs Are Safe, Urges Others to Avoid Cuts In mid-April, Cisco said it would offer $2.5 billion in financing to customers to encourage them to keep buying equipment during the Covid-19 pandemic. [Extracted from the article]

(Bloomberg) -- Apple Inc. plans to soon start returning more employees to its major global offices while other tech companies are continuing work-from-home policies through at least the end of 2020 due to Covid-19. Apple Chief Executive Officer Tim Cook told employees in April that the company's return to work plan would be staggered. [Extracted from the article]

(Bloomberg) -- U.K. employers have been told they face prosecution if they fail to comply with rules designed to keep staff safe from coronavirus as they return to work. "Employers have a duty to keep employees safe in the workplace -- that is absolutely enshrined in law", Business Secretary Alok Sharma said at a press briefing from Downing Street on Tuesday. [Extracted from the article]

(Bloomberg) -- Toyota Motor Corp. Chief Executive Officer Akio Toyoda says he is starting to question long-ingrained practices at the Japanese carmaker after cutting travel by 80% and spending less time in meetings as part of measures to guard against the spread of Covid-19. The grandson of Toyota's founder, who has spent recent weeks at a Toyota training facility, said on Tuesday he is now questioning "Genchi-Genbutsu", a Japanese phrase that translates roughly into "go and see for yourself.". [Extracted from the article]

(Bloomberg) -- For four years, Martin Zielke has tried to make Commerzbank AG more profitable while largely holding on to the vast branch network he once oversaw as its retail head. Commerzbank currently has about 1,000 branches and Zielke made a conscious decision to keep them in order to set the bank apart from rivals cutting back. [Extracted from the article]

(Bloomberg Businessweek) -- In an interview with Bloomberg Businessweek's Carol Massar, the good-business champion behind consumer brands from Dove to Ben & Jerry's shares how the pandemic is strengthening his resolve. Carol Massar: Which stakeholders should corporations be prioritizing right now: employees, communities, shareholders, or customers?. [Extracted from the article]

(Bloomberg) -- Boris Johnson announced the "first careful steps" to lift the U.K.'s lockdown and restart the economy, setting out a "conditional plan" for getting more people back to work while controlling the spread of Covid-19. That leaves Johnson with little room to maneuver as he charts a course out of the lockdown, especially after this government faced intense criticism over its response in the early days of the pandemic. [Extracted from the article]

(Bloomberg) -- Record unemployment in April, like most of the impact of the deadly coronavirus epidemic, did not hit all Americans equally. Jobs that aren't compatible with telecommuting were among the hardest hit, while industries with more work-from-home capabilities had some of the lowest unemployment rates, according to the U.S. Bureau of Labor Statistics. Financial, professional services and the information industry reported lower than average joblessness. [Extracted from the article]

(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they're likely to get worse. While Trump pushes to reopen commerce and his officials predict a rapid rebound, public health experts and some economists are skeptical the crisis will soon be over. [Extracted from the article]

(Bloomberg) -- American Electric Power Co. Chief Executive Officer Nick Akins sees one potential upside to the coronavirus shutdown: it could lead to cheaper, more efficient ways to work. AEP's productivity hasn't dropped during the pandemic even as about 70% of its employees -- or 12,000 people -- are working at home, Akins said Wednesday on a call with analysts. "If there is a silver lining in the Coronavirus pandemic, it is that we can really reevaluate what it means to get our business done, because we've been very effective at people working from home", Akins said on the call. [Extracted from the article]

A top Citigroup Inc. banker says he's had more meetings in the past eight weeks than in any six-month period before the pandemic lockdown, but that doesn't mean he expects to work from home forever. I refuse to call it in the new normal", Leon Kalvaria, chairman of the bank's institutional-clients group, said Wednesday in a Bloomberg Television interview. [Extracted from the article]

(Bloomberg) -- The record-long U.S. economic expansion is over after almost 11 years, with what's likely to be the deepest recession in at least eight decades now under way. The first-quarter downturn, reported Wednesday by the Commerce Department, was led by the steepest drop in consumer spending since 1980 and the fastest decline in business investment in almost 11 years. The contraction in first-quarter GDP -- the first decline since a 1.1% drop in 2014 -- compared with the median projection for a 4% drop in a Bloomberg survey of economists. [Extracted from the article]

(Bloomberg) -- The record-long U.S. economic expansion is over after almost 11 years, with the deepest recession in at least eight decades now under way. The first-quarter downturn, reported Wednesday by the Commerce Department, was led by the steepest drop in consumer spending since 1980 and the fastest decline in business investment in almost 11 years. Exports of services fell by the most since 1975, reflecting a decline in international travelers coming to the U.S. The first-quarter GDP figures will be revised several times, and some economists broadly expect the reading to become weaker as more data and adjustments are made. [Extracted from the article]

(Bloomberg) -- The record-long U.S. economic expansion is over after almost 11 years, with the deepest recession in at least eight decades now under way. Exports of services fell by the most since 1975, reflecting a decline in international travelers coming to the U.S. The first-quarter GDP figures will be revised several times, and some economists broadly expect the reading to become weaker as more data and adjustments are made. [Extracted from the article]

(Bloomberg) -- The coronavirus outbreak blindsided the world as it sent economies into a nosedive. Though there's no guarantee any return to normalcy will be swift or sustained, Southwest Airlines Co. CEO Gary Kelly provided a first flicker of optimism for his industry Tuesday even as the company reported its first quarterly net loss since 2011. [Extracted from the article]

(Bloomberg) -- Japanese Prime Minister Shinzo Abe has called for an urgent review of traditional office practices like stamping documents by hand, which are hampering efforts to rein in the coronavirus. "I want the relevant ministries to conduct necessary reviews rapidly", Abe told a meeting of his economic and fiscal policy council Monday, according to the website of his official residence. [Extracted from the article]

(Bloomberg) -- For years, John Christofilos would wake up at 4:09 a.m. and jump on the elliptical machine in his basement for a quick workout while scanning emails and market news, before heading into his office in downtown Toronto. After soaking up the overnight action, Christofilos gets on a call with AGF's investment management team and others in the company to discuss the latest views on the markets. [Extracted from the article]

(Bloomberg) -- A former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company's high-pressure sales culture that left customers paying millions of dollars for accounts they didn't request, according to a lawsuit filed this week in Arizona state superior court. The complaint likens what Heiser said CenturyLink sales agents did to the Wells Fargo scandal and estimated the alleged unauthorized fees amounted to "many millions" of dollars. [Extracted from the article]

(Bloomberg) -- A former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company's high-pressure sales culture that left customers paying millions of dollars for accounts they didn't request, according to a lawsuit filed this week in Arizona state superior court. The complaint likens what Heiser said CenturyLink sales agents did to the Wells Fargo scandal and estimated the alleged unauthorized fees amounted to "many millions" of dollars. [Extracted from the article]

(Bloomberg) -- A former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company's high-pressure sales culture that left customers paying millions of dollars for accounts they didn't request, according to a lawsuit filed this week in Arizona state superior court. The complaint likens what Heiser said CenturyLink sales agents did to the Wells Fargo scandal and estimated the alleged unauthorized fees amounted to "many millions" of dollars. [Extracted from the article]

(Bloomberg) -- Some of the world's largest companies have advised against the use of Zoom Video Communications Inc.'s conferencing app, fueling a growing backlash against a service that shot to prominence during the Covid-19 pandemic. If clients or partners want to use the app, Ericsson staff will need to make sure the outside parties understand and are willing to accept the risks of using Zoom before proceeding with a meeting, said another person familiar with the measures. [Extracted from the article]

(Bloomberg) -- Some of the world's largest companies have advised against the use of Zoom Video Communications Inc.'s conferencing app, fueling a growing backlash against a service that shot to prominence during the Covid-19 pandemic. If clients or partners want to use the app, Ericsson staff will need to make sure the outside parties understand and are willing to accept the risks of using Zoom before proceeding with a meeting, said another person familiar with the measures. [Extracted from the article]

(Bloomberg) -- Some of the world's largest companies have advised against the use of Zoom Video Communications Inc.'s conferencing app, fueling a growing backlash against a service that shot to prominence during the Covid-19 pandemic. If clients or partners want to use the app, Ericsson staff will need to make sure the outside parties understand and are willing to accept the risks of using Zoom before proceeding with a meeting, said another person familiar with the measures. [Extracted from the article]

"Expecting them to home-school and work full time without child care will burn out your workforce", says Williams. As much as the job allows, let staffers choose their hours, and show them it's OK by telling them how you're adapting your own schedule: "Today I'll be homeschooling from 8 a.m.-11 a.m. and will work as much as is possible from 11 a.m.-3 p.m. Depending how that goes, I may need to return to work after bedtime." "Would an extra iPad or laptop on loan help your family this month, so you always have your laptop for work?". [Extracted from the article]

(Bloomberg) -- Almost all U.S. companies are likely to include in their quarterly filings broad statements on risks the ongoing coronavirus pandemic poses to their businesses. Richard Walker, a former SEC general counsel now in private practice at King & Spalding, says the agency has "signaled it won't second-guess good-faith projections of how businesses are going to be affected" by the coronavirus. [Extracted from the article]

Society is seemingly trapped in amber - frozen in place by the coronavirus. For a decade, the fragmented American retail industry had resisted new payment technologies that have spread across Europe and Asia. [Extracted from the article]

(Bloomberg) -- From her desk overlooking a trading floor in the heart of London's financial district, Jane Foley watched markets go from strength to strength and began wondering if she'd gotten it all wrong. It was early January and Foley, a star currency strategist at Rabobank, was betting on a stronger dollar -- a contrarian view she had developed in early 2018 and maintained with conviction ever since even as consensus veered toward an increasingly sour future for the global benchmark currency. Under Foley's leadership, Rabobank's currency team has been among the top ten most precise forecasters for eleven straight quarters since mid-2017 -- a feat unmatched by any other survey participants. [Extracted from the article]

(Bloomberg Businessweek) -- If you're a small business in need of a new chief executive or chief financial officer and were looking before the coronavirus pandemic, you likely want to continue your search. That means directors and executives assessing candidates must quickly learn videoconferencing skills, including how to best present themselves, says Chris Schneider, a managing partner at Austin-based Strawn Arnold & Associates Ltd., which specializes in executive search for the life sciences and health-care industries. That happened to one executive who was contacted by recruiter Schneider for the CEO job at a medical equipment company. [Extracted from the article]

Google to "Significantly" Slow Hiring in 2020: Full CEO Memo (Bloomberg) -- Google parent Alphabet Inc. is "significantly" slowing hiring for the remainder of the year, Chief Executive Officer Sundar Pichai told employees in an email on Wednesday. Here's the full memo: Hi everyone, It's now been well over two months since we closed the first Google offices in Asia out of an abundance of caution around the spread of COVID-19. [Extracted from the article]

Google parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action by the web search giant since the Covid-19 pandemic began battering its advertising business several weeks ago. "The entire global economy is hurting, and Google and Alphabet are not immune according toto the effects of this global pandemic", Pichai wrote. [Extracted from the article]

(Bloomberg) -- Google parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action by the web search giant since the Covid-19 pandemic began battering its advertising business several weeks ago. "We'll be slowing down the pace of hiring, while maintaining momentum in a small number of strategic areas, and on-boarding the many people who've been hired but haven't started yet", a Google spokesperson said. [Extracted from the article]

(Bloomberg) -- Google parent Alphabet Inc. is slowing hiring for the remainder of the year, the most drastic action by the web search giant since the Covid-19 pandemic began battering its advertising business several weeks ago. The search giant has said it is covering wages and benefits for contract employees who work in its offices for a certain period, but has not announced any job cuts. [Extracted from the article]

Romania's government is under fire for agreeing with the Orthodox Church to allow a popular Easter ritual to go ahead under police supervision this weekend. Police Balk A number of opposition party leaders have called on Iohannis and the cabinet to consider easing restrictions to restart the battered economy before local and general elections scheduled for later in the year. [Extracted from the article]

(Bloomberg) -- Women working from home have virtually eliminated makeup from their routines, a shift that could take a big bite out of beauty sales, Jefferies said. The firm is monitoring consumer confidence, employment, and stimulus actions globally to assess the spending environment. [Extracted from the article]

Boris Johnson was on his own. "Boris from an early age wanted to make himself invulnerable", said Andrew Gimson, Johnson's biographer. [Extracted from the article]

(Bloomberg) -- Boris Johnson was on his own. "Boris from an early age wanted to make himself invulnerable", said Andrew Gimson, Johnson's biographer. [Extracted from the article]