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 […]
Read moreThe 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 […]
Read moreFILE PHOTO: A floor trader walks during afternoon trading at the Hong Kong Stock Exchange in Hong Kong, China September 26, 2016. REUTERS/Bobby YipHONG KONG (Reuters) – Goldman Sachs, Morgan Stanley and JPMorgan units will delist a total of 500 Hong Kong-listed structured products, Hong Kong stock exchange filings on Sunday showed. The delistings are because of statements last week […]
Read more2020 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 […]
Read moreLONDON — 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 […]
Read moreSHANGHAI (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 […]
Read moreNEW YORK (Reuters) – With uncertainties regarding U.S. elections fading, some investors expect company earnings and economic data to play a greater role in moving stock prices this year.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermidFor months, earnings and economic […]
Read moreCalvin 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, […]
Read moreWith 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, […]
Read moreFILE 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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