The Small Business Administration has bumped up to 1% the interest rate lenders may charge small businesses under a $350 billion U.S. relief program after lenders complained that the previous approved rate of 0.5% was below even their own cost of funds. U.S. Treasury Secretary Steven Mnuchin and SBA Jovita Carranza released additional guidelines for the program just a few […]
Read moreThe coronavirus has forced millions off their jobs in recent weeks, and some states are taking a disproportionate hit. Among states with a labor force above 1 million people, Pennsylvania, Nevada and Michigan saw the largest share of their workers — around 10% — file for unemployment benefits in the past three weeks, according to a Bloomberg News analysis of […]
Read moreFBI warns about hackers on Zoom, video conferences while shut in by coronavirus The Cyber Guy Kurt Knutsson explains how Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below A new internet trend called "Zoombombing" may be an inside job. Video conferencing app Zoom has come under fire in recent […]
Read moreCouncil tenants can be given a chance to save their homes despite the coronavirus pandemic with a number of support packages issued by the Government. One such initiative is to rent free weeks for the 2020 to 2021 financial year. So when are the rent-free weeks for this period? As the coronavirus outbreak hit and spread across the UK, many […]
Read moreNew York (CNN Business)Hopes are building for a truce in the brutal oil price war between Saudi Arabia and Russia, setting off a record spike in the oil market Thursday. President Donald Trump suggested massive production cuts could be on the way and Saudi Arabia called for an “urgent” meeting between OPEC, Russia and other unnamed nations to restore “balance” […]
Read moreMore than a dozen countries are using data-mining software provided by Palantir Technologies Inc. for coronavirus response efforts. The Silicon Valley company said its technology is helping officials predict the locations of outbreaks and determine where to deploy medical staff and supplies, but the initiative is testing governments’ ability to balance privacy with public health. In the last week, a […]
Read moreGlobal oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled a possible truce in the price war which triggered the fastest oil market collapse in decades. The price of Brent crude leapt by 30% after the US president, Donald Trump, fanned hopes of a […]
Read moreMany chief executives have already worked out that their pay packets, and those of their senior executives, will have to take a hit. In this climate, bosses cannot lay off staff, or place them in furlough, and expect life to carry on as normal for themselves. There’s no harm, though, in big City fund managers aligning themselves with the message. […]
Read moreThe FCA detailed that the measures are designed as a stop-gap to quickly support users of certain credit products who are facing financial difficulties. The package is designed to complement measures already laid out by the government. READ MORE Martin Lewis reveals two key criteria to see if you can be furloughed The proposals set forward cover a range of […]
Read moreNancy Pelosi: Coronavirus bill prioritizes families, testing Speaker of the House Nancy Pelosi, D-Calif., says Congress will pass a bill to help families fight coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below As Congress and the Trump administration begin talks on a fourth round of fiscal stimulus to […]
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