EUROPEAN COMMISSION APPROVES AID FOR POLAND

Highlights –

• European Commission has approved financial aid to Poland.
• Approximately $1.6 billion will be provided to Poland for their scheme.
• The aid so given is due to the ongoing pandemic and its losses in Poland’s economy.<...

UN CONFIRMS THE DELAY OF COP26 BY A YEAR

Highlights

• The talk aims to keep off the threat of climate breakdown
• It has been pushed due to the coronavirus crisis

The UN has confirmed that Cop26 will be delayed by a year to November 2021. It has been done because of the coronav...

HONG KONG BUSINESSES AND WORKERS THREATENED BY CHINA

Highlights:

• China is using the strategy of fear and pressure to gain support for its increasingly hard-line stance in the Asian financial capital.
• The financial workers of Hong Kong lodged complaints with the Hong Kong financial regulators that two Ch...

BUSINESS IN CHINA SLUMP AMID COVID-19

Highlights:

• Business took a huge hit in 2019 and is expected to experience a downfall in 2020 as well.
• China is the second-largest two-way trading partner of Canada.
• A business impact survey for 2019-2020 reveals that business was smooth un...

RETAILERS AND SMALL BUSINESSES ARE ELIGIBLE FOR EMERGENCY CREDIT

Highlights

• All the assistance under this scheme will be sent in the form of additional working capital through a term loan facility for the eligible MSMEs and businesses

• As per CAIT, retailers and small businesses lost business worth Rs 9 lakh crore, while the Ce...

INDIABULLS GROUP ASKS NEARLY 2,000 EMPLOYEES TO RESIGN

Highlights

• Indiabulls Group employs over 26,000 people and in FY2019-20 company brought in 7,000 new members on board

• According to few employees they have received a transfer order as they have not resigned

• Company’s spokesperson stated com...

CHINESE BUSINESSES PLEADS FOR HELP

Highlights:

• As the Chinese economy reopens, after the coronavirus pandemic, the businesses are hoping that the government will reveal a bigger stimulus program to recover the losses incurred by the pandemic.
• The existing relief subsidies were not enou...

AFTER MSMEs, INDIA’S ECONOMIC PACKAGE FOCUSES ON SELF-EMPLOYED & MIGRANT WORKERS

Following Prime Minister Narendra Modi’s announcement of economic package worth Rs 20 lakh crore, Indian Finance Minister Nirmala Sitharaman came on Wednesday and announced measures which focused on reviving MSMEs and small businesses. On Thursday, FM Sitharaman came with further breakup of...

GOVERNOR INSLEE SIGNS THE SAFE STAR PLAN FOR WASHINGTON

Highlights:

• This plan will make up for the time that is set to lapse for business reopening with the stay at home order until May end
• Inslee stated that all the levies will be recalled if data shows a spike in  cases

After announcing the phase-o...

TEXAS REOPENS AMIDST RULES: MANY BUSINESSES CONTINUE TO REMAIN SHUT

Highlights:

• Texas reopens for business at 25% capacity.
• Not all the businesses are okay with reopening so soon.

With the Governor signing the executive order on Thursday Texas exited the stay at home order. With the exit, non-essential businesses wer...

WHATABURGER AGREES TO PAY COMPENSATION TO BE IN BUSINESS

• Whataburger Restaurants LLC, a regional fast-food chain, has agreed to pay $180,000.
• Furnish other relief to settle a vengeance suit filed by the Equal Employment Opportunity Commission.

According to the lawsuit, a general manager of a Tallahassee Whataburger ...

TEXAS WILL EXIT STAY-AT-HOME ON THURSDAY

Highlights:

• Texas decides to open up for business since covid19 spread has slowed down in April 2020
• Texas has not seen its peak of infections yet
• Businesses that find it uncomfortable to open may remain closed

Texas Governor Greg Abbott h...

GOVERNOR CUOMO: PANDEMIC RIDDEN NEW YORK WILL OPEN IN PHASES

Highlights:

• Governor Cuomo discusses reopening New York in phases
• Phase one will open construction and manufacturing sectors
• Upstate New York might open after May 15 2020

Governor Cuomo has announced that New York shall reopen for business...

KOREA HITS MARKEDLY LOWEST BUSINESS EBB SINCE 2008

• The Korean economy dipped 1.4 percent in the first quarter of 2020 as a result of the coronavirus pandemic, registering the lowest growth rate since the 2008 global financial meltdown.
• Private consumption, in particular, recorded a sharp decline. Experts say the economic impact...

SEOUL BRINGS IN ADDITIONAL $72 BILLION TO REBUILD BUSINESESS

The Government of South Korea has decided to bring in package of $72 billion on the top of previous stimulus package which was worth $80.2 billion. This newly announced package will aid businesses to keep their employees on payroll along with help to self-employed and temporary workers with some ...

MILAN MAYOR NOT READY TO UPLIFT LOCK DOWN SO SOON

Highlights:

• Mayor Guiseppe Sala is facing tremendous pressure from the governor and the right-wing to exit the lockdown
• IMF has warned that Italy will hit 9% decline in its economy
• Banks and businessmen are also worried about the continuation of the lockdow...

INDIA OFFICIALLY BARS AUTOMATIC CHINESE FDI IN THE COUNTRY

Highlights:

• India, to safeguard Chinese takeover of Indian firms bans automatic FDI from China
• This ensures that no Chinese investment enters India through linkages or through countries like Singapore, Hong Kong

The Indian Department for Promotion of...

GOVERNOR MANDATES CLOSING OF SCHOOLS AND REOPENING OF SOME BUSINESSES

Governor Greg Abbott declares all Texas schools to remain shut through the academic year 2019-20

He has directed for some businesses to open to help families hit by the financial imbalance.

Governor Greg Abbott declared all Texas schools will be shut through the finish of the ...

“CORONA DIVORCE” CAMPAIGN RUNNER, KASOKU OFFERS APARTMENTS FOR 4,400 YEN A DAY

Highlights: 

• Tokyo rental firm, Kasoku offers apartments to people who need a break from life in the pandemic ridden environment.
• Kasoku’s corona divorce was trending on twitter

At the time of the pandemic, the unlikeliest of problems are ...

WASHINGTON'S SMALL BUSINESS OWNERS CONNECT ONLINE WITH CUSTOMERS

Highlights:

• Small service business owners are making creative online videos to stay in touch with their customers
• Washington is now biking more to stay fit and save money.

With the ban on non-essential businesses, shops, gyms, exhibition galleries, a...