Air France KLM has requested several billion euros of emergency funds from the French state while it negotiates a loan package from banks, which would be guaranteed by France and the Netherlands, French business daily Les Echos reported.
Many small businesses have already furloughed or laid off workers or cut back hours to reduce pay. Some fear this makes them ineligible for the coronavirus rescue package.
Trying to continue animal rescue efforts and adoptions has become increasingly difficult in the wake of social restrictions due to the Covid-19 outbreak.
The $1,200 government stimulus checks are already on their way for millions of Americans. The Social Security Administration is urging certain individuals to use a new government web portal to make sure they get the money due them and their children.
Small Business UK | Timothy Adler | April 11, 2020 OakNorth Bank and Starling Bank are first two fintechs added to the Coronavirus Business Interruption Loan Scheme to help spread out demand The first two fintech banks have been added to the government’s coronavirus emergency business interruption loan scheme in an effort to break the logjam.
Techcrunch | Ann Marie Mehlum, Javier Saade | April 10, 2020 The two of us oversaw the U.S. Small Business Administration’s capital, investment, loan and innovation programs serving America’s small businesses. The nation is rooting for our 30 million small businesses. They employ more than half of the country and create most net new jobs,
As U.S. authorities ordered shutdowns of non-essential businesses to fight coronavirus, retailer Nordstrom Inc closed hundreds of stores and gave in-store workers three weeks’ pay, calling their safety its top priority.
Macy's Inc has hired investment bank Lazard Ltd to explore options for bolstering its finances after the department store operator lost most of its revenue as it shut down all its stores as a result of the coronavirus outbreak, people familiar with the matter said.
The biggest supply cut ever contemplated by the world's top oil producers is hanging in the balance as a refusal by Mexico's leftist leader to imperil his plans to rebuild state oil company Pemex has angered the Saudi prince who helped craft the deal.
JPMorgan Chase & Co , the country's largest lender by assets, is raising borrowing standards this week for most new home loans as the bank moves to mitigate lending risk stemming from the novel coronavirus disruption.
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
Major U.S. airlines were urging Treasury officials and the federal government's outside advisers on Saturday to scrap or revise a proposal that would make part of the $25 billion earmarked by Congress to help keep workers on the payroll repayable in the form of low-cost loans.
Republican U.S. senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
TechUK | Apr 6, 2020 Read more about the results of techUK's second COVID-19 impact survey and our new national campaign 'Building The Future We Need'. techUK is regularly taking the tech sector’s pulse as we move through the COVID-19 crisis to better understand how the pandemic is impacting the sector, access to Government support and how tech can contribute to the response. This survey builds on
Small Business UK | Timothy Adler | April 11, 2020 OakNorth Bank and Starling Bank are first two fintechs added to the Coronavirus Business Interruption Loan Scheme to help spread out demand The first two fintech banks have been added to the government’s coronavirus emergency business interruption loan scheme in an effort to break the logjam.