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Mexico has introduced new rules to prevent employers avoiding their profit share and other obligations by using outsourcing and subcontracting arrangements. ....
25 May 2021 President Joe Biden is seemingly ditching his “Buy American” promise less than five months into his administration with a plan to import materials for electric vehicles as part of a “strategy designed to placate environmentalists,” according to a report. According to administration officials who spoke to Reuters, Biden is set to deal a blow to American miners by outsourcing where the United States will source metals needed for electric vehicle production. Rather than relying on U.S. mines, Biden will reportedly import the needed metals from Australia, Brazil, Canada, and other foreign countries. The move is a win for environmentalists and Democrats who have fought to shut down U.S. mining projects that would provide high-paying union jobs to America’s working and middle class. ....
By Justin Hendry on May 4, 2021 10:41AM In bid to reshape its managed services ecosystem. The Australian Taxation Office is preparing to approach the market to recontest its three major IT managed service deal in the biggest shakeup of IT outsourcing in more than a decade. Chief information officer Ramez Katf on Tuesday revealed plans to release one or more requests for information (RFIs) next month to inform what will be a “multi-year” procurement approach. The contracts will cover centralised computing, end user technology and enterprise services management centre (ESMC), and are collectively worth around $200 million each year at present. Centralised computing – the largest of the three deals – is currently held by DXC under a 13-year, $2.1 billion contract, while the end user computing and ESMC contracts are held by Leidos. ....
While maintaining backroom operations of many large firms. India s giant IT firms in Bengaluru and other cities have set up COVID-19 war-rooms as they scramble to source oxygen, medicine and hospital beds for infected workers and maintain backroom operations for the world s biggest financial firms. Banks including Goldman Sachs and Standard Chartered, who run much of their global back office operations from large office parks in Bengaluru, Chennai or Hyderabad, have put in place infrastructure to vaccinate thousands of employees and their families when age restrictions are lifted on May 1. Workers at huge technology service providers Accenture, Infosys and Wipro say teams are working 13-14 hours daily, under growing pressure and struggling to deliver on projects as staff call in sick and take time off to care for friends and relatives. ....
2 Global private equity giant Blackstone has agreed to up its stake in Indian IT services business Mphasis in a $1.1bn dea Sorry, you need to subscribe to read this article. If you would like to access this article you must become a Premium Subscriber. Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform. ....