Bezos-backed freight firm Convoy shuts down after slashing hundreds of jobs. Read the CEO's memo to employees
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Digital freight broker Convoy announced Thursday that it's shutting down operations due to ongoing macroeconomic challenges in the freight industry.
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posted at: 12:00am on 20-Oct-2023
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Read the secret encrypted text messages that could help put Sam Bankman-Fried behind bars
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Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried.
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posted at: 12:00am on 20-Oct-2023
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Winners of the 2023 Secretary of State's Award for Corporate Excellence
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The U.S. Department of State's Bureau of Economic and Business Affairs is pleased to announce five winners of the 2023 Secretary of State's Award for Corporate Excellence (ACE). Secretary of State Antony J. Blinken will present these five American companies, large and small, with the award in a ceremony on October 30, 2023, at 11:00 a.m. EDT at the State Department. The 2023 ACE categories are Women's Economic Security; Innovation; and Sustainable Supply Chains. - The award recognizes two companies in the category Women's Economic Security. Avertra Corp., operating in Amman, Jordan, is a medium-sized Virginia-based American software firm dedicated to an equitable and inclusive workplace for women in a male-dominated field. The second winner is Google Poland, which is setting the standard in promoting gender equality in the workplace and supporting women in tech initiatives in Poland, Ukraine, and the region, including Ukrainian refugees from Russia's brutal war against Ukraine.
- In the Innovation category, the 2023 ACE Winner is Kentegra Biotechnology, operating out of Nairobi, Kenya. Kentegra is a biotech firm that has pioneered Kenya’s revival as a global leader in cultivating pyrethrum with smallholder farmers. Pyrethrum is a climate change-resistant cash crop and is an active ingredient used in sustainable organic biopesticides to grow healthier food and provide stronger crop protection.
- In Sustainable Supply Chains, the first 2023 ACE Winner is Ampersand USA Inc., operating in Kigali, Rwanda. Ampersand is Africa's first mobility energy company, providing electricity and vehicles to power fleets of thousands of electric motorcycle taxis across the continent. The second winner is Parsyl, Abidjan, Cte d’Ivoire, a supply chain technology company specializing in risk management and cargo insurance for perishable goods. It supports cold chain data collection and analytics at the national, district, and local levels in Senegal, Cte d’Ivoire, Burkina Faso, Burundi, Niger, and the Democratic Republic of the Congo to help strengthen vaccine supply chain systems and identify needed improvements.
This year marks the Award for Corporate Excellence's 24th anniversary. Established in 1999, ACE recognizes the crucial role U.S. companies are playing in elevating global standards of business conduct. Together, these companies are leading the way in addressing some of our greatest global challenges. The U.S. Department of State is committed to working with companies to further responsible business practices worldwide and to recognize their efforts to improve lives at home and abroad. For more information, please visit: http://www.state.gov/ace. The invitation-only 2023 ACE ceremony will be open to credentialed members of the media on a space-available basis. A separate notice to the press with access details will be issued soon. For media inquiries, please contact eb-press-inquiry@state.gov.
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U.S. and Japan Promote Economic Resilience and the Rules-Based Economic Order at Third Economic Policy Consultative Committee Vice-Ministerial
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Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez and Under Secretary of Commerce for International Trade Marisa Lago met with Japanese Senior Deputy Minister for Foreign Affairs Ono Keiichi and Japanese Ministry of Economy, Trade and Industry Vice Minister for International Affairs Hosaka Shin on the occasion of the third Vice-Ministerial meeting of the U.S.-Japan Economic Policy Consultative Committee (EPCC). They discussed ongoing and future actions to strengthen the rules-based economic order in the Indo-Pacific region. The United States and Japan continue to advance policies and programs through the EPCC to enhance economic and supply chain resilience, including energy security and critical minerals supply chains, as well as the promotion and protection of critical and emerging technologies.
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Meta, Apple and Google cheer FCC ruling that could pave the way for new AR and VR applications
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The Federal Communications Commission on Thursday agreed to open a band of spectrum for some forms of wearable devices.
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Students can sign up for Hulu for just $2 a month right now. Here's how
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Hulu's student discount has returned, offering access to the streaming service's ad-supported tier for just $2 a month.
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This new tablet is redefining what a kids tablet can do
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The Fire HD 10 Kids Pro turned out to be a pleasant surprise with a smooth performance for the price.
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Here's why Apple's Thunderbolt cables are so expensive
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It's less a case of why it's so expensive, and more a case of why are the others so cheap?
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