When was overtime pay established

Share to Twitter Share to Linkedin S everal years ago, Strava, a data-hungry, fitness-cum-social network app, published a heatmap showing every activity ever logged, over 3 trillion data points. Neat, right? It was. Problematic, too. The visualization appeared to give away the location of secret U.S. Army bases and spy outposts in locations like Afghanistan and Syria. The company caught a lot of flack for the heatmap, and in response, San Francisco-headquartered Strava published a blog post urging users to review their privacy settings and said it would review “features that were originally designed for athlete motivation and inspiration to ensure they cannot be compromised by people with bad intent.” It has never elaborated further on what features it reviewed nor say whether the review prompted any specific changes. In other words: Everything is fine , Strava seemed to promise. Ah, well. A new report from FakeReporter, a group of Israeli … [Read more...] about Security Flaw In Strava, A Social Fitness App, Exposed Identities Of Israeli Soldiers At Military Bases

Share to Twitter Share to Linkedin With the blueprint for luxury fashion retail sprouting unprecedented new contours - fueled both by streetwear’s freshly gilded edge and millennials’ disregard for heritage without innovation, edge or obvious purpose - it’s perhaps unsurprising that an appreciation of off-piste brand behavior is booming. From bastardized logos to rough and ready email marketing - galvanized by a coterie of potshot-taking Insta-famous artists that are even buddying up with the brands they satirize - subverting or dismantling formerly sacred brand codes is swiftly becoming a fast-track to modernity While a respect for heritage (as we traditionally know it) isn’t dead, it’s certainly no longer solely enough to satisfy younger, ‘digitally native’ luxury appetites, who according to a globally-reaching 2017 survey by Deloitte have more impulsive spending habits than ever before ( almost 20% buy simply to treat themselves ) and regard quality and … [Read more...] about Why Brandalism Has Become A Luxury Brand’s New Best Friend

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A THE momentum to adopt environmental, social and governance (ESG) criteria and sustainability practices in the capital market has picked up significantly in the past few years. By the third quarter of 2021, assets in global sustainable funds hit a record high, according to investment research firm Morningstar. At the same time, more than 70 countries — including the biggest polluters — have set a net-zero target and over 1,200 companies have put in place science-based targets to reach net-zero emissions, according to the United Nations. In Malaysia, at least 44 out of the 54 Sustainable and Responsible Investment (SRI) funds approved by Securities Commission Malaysia were launched in the last two years. As at December 2021, 94% of the top 50 listed companies in Malaysia had ESG strategies and 68% had emissions reduction policies, according to PwC’s research. … [Read more...] about HONOURING MALAYSIA’S BEST PERFORMERS IN ESG EXCELLENCE: The Edge to roll out Malaysia’s first ESG awards

Representative image In July 2017, India ushered in the Goods and Services Tax (GST) for levy and collection of taxes on inter-state supply of goods and services. Almost five years on, accountants complain of multiple glitches in the system hailed as the single biggest tax reform in post-independence India when it was introduced. For instance, the GST Act has failed to provide a system to address Centre-state and inter-state disputes, they said. Article 279A (11) of the Constitution enables the GST Council to institute a mechanism to resolve inter-state disputes, but no such system has been seriously contemplated so far. Also Read: GST at 5: A structural, economic analysis and prescriptions Close Today, the law only says that if GST has been wrongly paid to the Centre, there will be no interest liability and if tax has been wrongly paid to a state, it will be refunded. Moreover, there is a constant doubt still over the applicable rate of GST that makes … [Read more...] about GST at 5: Accountants still confront major issues in filing returns

Representational Image; Source: ShutterStock) Solv, a marketplace for small businesses, on June 27 said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan’s SBI Holdings. The funds will be deployed by the Bengaluru-headquartered company for expanding its buy now pay later (BNPL) offering, launching more high-margin products and geographic expansion. SBI Holdings’ chief executive Yoshitaka Kitao said this is one of the largest investments in the region for the financial services player. Solv will become a global technology powerhouse aiding micro, small and medium enterprises (MSMEs), Kitao said, adding that there is an alignment of purpose for his company and Solv. Solv chief executive Amit Bansal said the company served 2.2 lakh MSMEs in a Covid-hit year domestically, and it will be using its learnings in India to create workable models for global markets. He termed the investment by SBI Holdings as a long-term strategic partnership, which will help … [Read more...] about Solv raises USD 40 million from Japan’s SBI Holdings, others

Share to Twitter Share to Linkedin It’s well established that urban environments are going to be home to the majority of the world’s population in the coming decades. While extreme weather is causing floods, droughts and wildfires, it’s also going to have significant effects on urban living. The increasing temperatures the media is discussing, from heat waves across India, the US, Spain and Germany, Doha at 49°C or Jacobabad at 51°C, mean that we must find new ways to protect city dwellers from the worst impacts of a changing environment. According to Lauren Sorkin, executive director of the Resilient Cities Network, cities have the potential to address climate change but they need a rethink in terms of how they keep people safe and build in equity and resilience. Sorkin argues we also need to agree on a common set of risks – and be honest about the level of risk we face. It’s important to remember that cities themselves are major infrastructure investors and … [Read more...] about As Climate Change Threatens Mounting Urban Costs, Is Biomimicry The Way Forward?