A quarter of a billion people could find themselves jobless this year

Mabel R. Acton
Microsoft president Brad Smith. Photo: Getty
Microsoft president Brad Smith. Photo: Getty

Microsoft (MFST) president Brad Smith says global unemployment may reach a quarter of a billion people in 2020.

His stark warning comes as the US Congressional Budget Office estimates a 12.3 point increase in the unemployment rate putting 21 million employees newly out of work.

“It is a staggering number. The pandemic respects no border. Many other countries and continents face similar challenges,” Smith told the BBC.

Millions will need to learn new digital skills to get jobs or retain their existing employment, according to the tech giant boss.

Microsoft recently announced

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Gloucester County Recognized For Location Technology

Mabel R. Acton

GLOUCESTER COUNTY, NJ — Esri, the global leader in location intelligence, presented Gloucester County Office of Emergency Management (OEM) with Esri’s Special Achievement in GIS (SAG) Award on Monday, county officials announced.

Selected from over 300,000 eligible candidates, Gloucester County OEM received the award for its innovative application of mapping and analytics technology, as well as thought leadership in the field of emergency management.

“The Gloucester County Office of Emergency Management has demonstrated impressive work with Geographic Information Systems,” Gloucester County Freeholder Director Robert M. Damminger said. “This work is innovating the way we respond to emergencies. They’ve implemented several

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Did Hedge Funds Make The Right Call On Marvell Technology Group Ltd. (MRVL) ?

Mabel R. Acton

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Marvell

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Rackspace Technology, Inc. Files Registration Statement for Proposed Initial Public Offering

Mabel R. Acton

SAN ANTONIO–(BUSINESS WIRE)–Rackspace Technology, Inc. (“Rackspace Technology”) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Rackspace Technology has applied for listing its common stock on the Nasdaq Global Select Market under the ticker symbol “RXT”. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are serving as joint lead book-running managers and as representatives

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