Introduction A multi-currency form of bank account is one that lets your business collect, pay, and retain multiple currencies. The most important feature is that the account information (beneficiary name, account number, and SWIFT code) is consistent in all currencies. Most Hong Kong banks sell multi-currency accounts, which typically contain […]
Business Econimics
German Economic Research Institutes Cut Forecasts for German GDP in 2020 and 2021
By Maria Martinez The coronavirus pandemic has left substantial marks in the German economy and its effects are more persistent than assumed in spring, the German Ifo Institute said in the presentation of its joint economic forecasts with other German economic research institutes. In their autumn report, the German institutes […]
Erie County launches grant program to help small business rebound from COVID-19
Businesses with 50 employees or fewer are encouraged to apply for a portion of the $20 million in CARES Act funding as soon as possible. BUFFALO, N.Y. — Help is now available for small business owners who have taken an economic hit due to the COVID-19 pandemic. The Erie County […]
West Virginia’s small business community applauds decision to reopen Monongalia County bars
Gov. Jim Justice’s decision to allow bars to reopen in Monongalia County on Tuesday received support from members of the small business community. After Monongalia County saw a spike in COVID-19 cases when West Virginia began to reopen the state, the governor ordered all the bars in the county to […]
COVID-era Boulder remains innovation hotspot
While the COVID-19 pandemic has ravaged many industries across the nation, Boulder’s innovation economy remains healthy, leaders in business and academia said Tuesday during the opening panel discussion of the 2020 Boulder Economic Summit. “Colorado in general has a long history of being a leader nationally,” Foundry Group managing director […]
Murphy unveils $100M in business COVID-relief
The Murphy administration is rolling out another $100 million of relief aid for businesses hit hard by the COVID-19 pandemic, many of whom were forced to close for months on end or dramatically scale back operations. Gov. Phil Murphy on Tuesday, at the Flounder Brewing Co. in Hillsborough, said the […]
It’s the Best, and Worst, of Times for Business in Florida, Survey Finds | Investing News
FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters (Reuters) – Florida is one […]
Scott Yahraus, America’s Leading Business Turnaround Specialist, Offers Strategies to Help Companies Navigate the Pandemic Economy
LOS ANGELES, Oct. 13, 2020 /PRNewswire/ — Scott Yahraus (www.scott4business.com), America’s leading expert in business turnarounds and dispute resolutions, was featured in an article in Business Management News offering strategies to help companies successfully navigate this current economic storm. In an article titled, “How to Save Your Business During these […]
Polk business license numbers remain stable despite COVID-19, economic concerns
Bill Kemp | The Ledger WINTER HAVEN — What’s just around the corner in the U.S. economy may be scarier than what’s hiding around the corner this Halloween. When the stock market crashed in September 2008, it wasn’t until 2010 the country experienced a record number of non-business bankruptcies with 1,538,033 […]
Brexit disruption to firms ‘unavoidable’ with worst to come
Prime minister Boris Johnson. Photo: Justin Tallis/AFP via Getty Images UK firms risk collapse on a “significant” scale if Brexit leaves them struggling to raise cash in the sectors most exposed to trade disruption, a think tank has warned. A new report by the Institute for Fiscal Studies (IFS) sounds […]
Sonoco to Divest Europe Contract Packaging Business for $120M
Sonoco Products Company SON recently entered into an agreement to divest its Europe contract packaging business to Prairie Industries Holdings for cash proceeds of $120 million. Based in Wisconsin, Prairie Industries is a contract packaging and contract manufacturing business focused on consumer goods and food products. Sonoco’s Europe contract packaging […]
Transcepta Economic Activity Tracking Reflects Continued, but Uneven Economic Recovery, Which May Provide Insight into the 2020 Presidential Election
ALISO VIEJO, Calif., Oct. 13, 2020 /PRNewswire/ — Transcepta—the leading provider of intelligent eProcurement and accounts payable (AP) automation solutions—today released new data that highlight an overall, but uneven, increase in economic activity throughout the United States continuing through the third quarter. The data, collected from the company’s cloud-based Procure-to-Pay (P2P) […]
No, Joe, There Was No Economic Boom Under Obama
The great Jackie Gleason once said, “The past remembers better than it lived.” And so it is, apparently, with the Obama years. There was no economic “boom” as Joe Biden and Kamala Harris are misremembering. This was an economy that skidded into a financial ditch and seemingly never pulled out […]
The power of narrative and role of storytelling in business
The Fast Company Impact Council, an invitation-only group of corporate leaders, entrepreneurial founders, and other leaders from across industries, gathered on June 30 to share their insights. Members split into small groups, moderated by Fast Company editors, and shared their perspectives on how they are managing and innovating amid a […]
Jerome Powell’s ironic legacy on economic inequality
If there’s anyone who should be talking about economic inequality it’s Jerome Powell, a man who as Fed chair has aimed a spotlight on the issue and put the Fed on an intentional trajectory toward reducing it through policy. Yes, but: Pressed for answers on how the central bank’s policies […]
Biden presidency bad for media business and America
ANALYSIS/OPINION: Most voters have made some votes they regret — when they voted for a winner, and he or she did not live up to expectations. The situation is even worse when you convince someone to vote for a candidate who turns out to be a disaster. The person you […]
SBA offers total forgiveness for loans of $50,000 or less, helping PPP small-business borrowers
Business owners who borrowed $50,000 or less through the Small Business Administration’s emergency loan program learned last week that their debts are forgiven entirely — provided they file the right paperwork. But accountants are urging costumers to hold off applying for forgiveness to see if the government further sweetens the […]
U.S. auction theory pioneers win Nobel economics prize
STOCKHOLM (Reuters) – U.S. academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions hailed as benefiting buyers and sellers around the world of everything from fishing quotas to aircraft landing slots. Among the insights of the two Stanford University economists is an […]
CED Pledge Outlines How Business Leaders Can Support Safe, Accessible, & Credible Election
CED Pledge Outlines How Business Leaders Can Support Safe, Accessible, & Credible Election PR Newswire WASHINGTON, Oct. 12, 2020 WASHINGTON, Oct. 12, 2020 /PRNewswire/ — Today, the Committee for Economic Development of The Conference Board (CED) released four initiatives business leaders can take to help achieve an accessible, safe, and […]
Trump talks up economic progress, after Harris-Pence debate focused on job losses
President Donald Trump quickly put the economic focus back on himself Thursday morning, after Wednesday night’s vice presidential debate, which covered more economic issues than his barb-trading battle with Democratic candidate Joe Biden. “Our numbers are going to be great, our numbers for the third quarter are going to be […]