U.S. small businesses to get more cash as pandemic loan program re-opens

WASHINGTON (Reuters) – The U.S. government on Monday was set to re-open its signature small business pandemic aid program with $284 billion in new funds and revamped rules that aim to get cash to the most needy businesses while stamping out fraud and abuse.FILE PHOTO: A Chinese restaurant and barber shop in Harlem are closed, as retail sales suffer record […]

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‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans

The Paycheck Protection Program was a lifeline for millions of small businesses brutalized by the pandemic. Over a four-month span, the government program distributed $523 billion in forgivable loans to more than five million companies. The average recipient got just over $100,000. And then there were the roughly 300 business that received loans of $99 or less. Judith Less, who […]

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On Philanthropy: Predictions on charity and giving for 2021

2020 is a year most of us are happy to leave behind. Amid the many disheartening challenges we endured, there were also some positive developments in the philanthropy field that will impact giving in 2021 and beyond. Here’s some of what I’ll be looking for in this New Year: From charity to justice 2020’s racial justice movement that expanded awareness […]

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A Week Into Brexit, the Pain for U.K. Businesses Has Arrived

LONDON — Britain started 2021 in a new relationship with its biggest trade partner, and it has immediately brought a litany of headaches and lost business. Within a week, implications of the Brexit trade deal with the European Union are being felt by businesses up and down the country as food deliveries are delayed for not having the right customs […]

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China to counter 'unjustified' foreign trade and business laws

SHANGHAI (Reuters) – China’s Ministry of Commerce on Saturday published new rules for countering “unjustified” laws and restrictions imposed by foreign countries on Chinese companies and citizens, as economic relations between Beijing and Washington deteriorate.FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas PeterThe rules on “unjustified extra-territorial application of foreign legislation” were posted […]

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Layne to Join Calvin Klein in Key Marketing Role

Calvin Klein has made another big hire, bringing Jamaal Layne on board to lead and develop its global brand and marketing strategy. Layne, most recently head of entertainment for Sonos Inc., will assume the role of executive vice president of global brand and North American marketing for Calvin Klein, effective Monday. He will report to Linh Peters, chief marketing officer, […]

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Will Fashion Editors Flock to Substack in 2021?

With 2020 further shaking up traditional media, more journalists have flocked to Substack. The San Francisco-based newsletter technology platform, founded in 2017 and backed by Andreessen Horowitz and Y Combinator, added numerous new writers last year, including The Verge’s Casey Newton, Vulture’s Hunter Harris, BuzzFeed’s Anne Helen Petersen and Rolling Stone’s Matt Taibbi. The main attraction is that the platform, […]

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Malaysia's Top Glove defends board after BlackRock criticism

FILE PHOTO: A worker leaves a Top Glove factory after his shift in Klang, Malaysia December 7, 2020. REUTERS/Lim Huey TengKUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corp defended its board on Friday after BlackRock Inc issued a scathing statement, attacking the firm’s handling of a coronavirus outbreak and saying it had voted against the re-election of six directors this […]

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