Tuesday, September 21, 2021
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Money

Kabul Municipality run by the Taliban to female employees

Women employees in the Kabul city government have been told to stay home, with work only allowed for those who cannot be replaced by men, the interim mayor of Afghanistan’s capital said on Sunday, detailing the latest restrictions on...

The pandemic led the man to empty his savings, open a business in Alabama

When COVID-19 was launched in 2020, Nickolas Folmar combined his customer service experience with his fathers knowledge of the carpet cleaning industry to begin fresh. “COVID-19 changed everything,” Folmar said. “It changed me from being an employee to an owner....

Insider Q&A: Serving the Underserved for Profit, Not Just Good

A couple decades ago, convincing investors that they could make money by helping underserved communities was a hard sell. Today, sustainable and social-impact investing is such a hot trend on Wall Street that industry veteran Bobby Turner sees the...

Four more small energy companies could go bankrupt next week

The majority of the UK’s small energy suppliers could be left to collapse this winter, the Guardian understands, as the government’s crisis talks focus on protecting households rather than bailing out struggling companies. The new company is also responsible for...

Former newspaper editor helps women learn financial literacy

Julia Anderson has spent a lifetime absorbing monetary tendencies, first as a farmer’s daughter rising up in Idaho and later in a profession as a journalist. “I’m over-the-top enthusiastic about ladies and monetary literacy,” Anderson stated. “Most of what I...

Business is flourishing for organic floristry on the south and west sides

Young Englewood resident Eric Sanders spent the summer on local flower farms growing seeds into wild, brilliant blooms. He says the work gave him a new perspective on flowers. Sanders and his fellow flower growers are employees of Englewood-based farm-to-vase...

Democrats want to reform health care programs for millions

Dental work for seniors on Medicare. An end to sky’s-the-limit pricing on prescription drugs. New options for long-term care at home. Coverage for low-income people locked out of Medicaid by ideological battles. For the nearly 145 million Americans covered by...

UK power company requires funding to stay afloat

The UK’s sixth largest energy company, Bulb, is seeking a bailout to stay afloat amid surging wholesale gas prices. The company, with 1.7m customers, is working with the investment bank Lazard to try to shore up its balance sheet. High...

BG Business adds coffee, nonprofit help

The business, which opened Sept. 9, is located at 116 S. Main St. “We want people to linger and stay a while,” Stoepler said. As a veteran, Stoepler said they started with an interest in veterans issues that expanded to...

Arkville place right down the alley of businessmen

Originally from Massachusetts, Will Collier was fascinated by the idea of ​​life in the north. “I never owned a bar, restaurant or bowling alley. I just went to New Orleans in 2017 and thought it was time to change my...

Formally approved to use the benefits of OxyContin to combat opioids

A judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic. A U.S. bankruptcy...

MacKenzie Scott dominates giving to racial equity

That’s what Ruth Simmons, the president of a historically Black university in Texas, felt in December when she received a call informing her that the school would be gifted $50 million — many times the size of the previous...

Democrats solving tax, health and climate hot spots

Congressional Democrats face a daunting assignment. They’re trying to complete a $3.5 trillion, 10-year bill strengthening social and environment programs and raising taxes on the rich. That means they need to rewrite tax, health and environment policy. They might...

McConnell unmoved by debt limit, risking tumult for Biden

The Biden administration has been enlisting one emissary after another to convince Senate Republican leader Mitch McConnell to help raise the federal debt limit. Despite the high-level conversations, including a call from Treasury Secretary Janet Yellen, the GOP leader is...

Fallout virus, slow internet anxiety businesses in German vote

A mill owner in eastern Germany hopes the next government will restore supply chains disrupted by the coronavirus pandemic. A brewer in the country’s south wants a more predictable strategy for responding to the virus and a better cellphone...

White House Realizes Debt Limit Showdown Could Hurt States

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school funding and other programs if Congress fails to raise the U.S. debt limit. A fact sheet for state and local...

China reviews financial news blogs

After recording China’s tense grip on Big Tech, Gaming, Crypto and FinTech, its latest crackdown is a hit close to heart. This continues Our report Earlier this week, Chinese police used a fraud prevention app to identify and ask people...

Director of Covered California to Demist in February

The director of Covered California says he will step down early next year. During his tenure, Covered California dramatically expanded the number of people eligible for discounts in their monthly health insurance premiums. A record high 1.6 million people in...

China establishes platform to monitor violations of gambling companies

Chinese regulators have set up a platform that allows the public to report on gaming companies they believe are violating restrictions on online game times for children. China’s National Press and Publication Administration set up the platform. It empowers...

Asian stocks mingle as investors mingle with US data.

Asian shares were mixed on Friday after a hodge-podge of economic data led Wall Street to close mostly lower. Across the region, concerns over prolonged outbreak of coronavirus have weighed on sentiment. Benchmarks rose in Tokyo, Hong Kong and Seoul but...

Rising utility bills alarm Europe and increase winter fears

MADRID — Wholesale prices for gas and electricity are surging across Europe, raising the prospect of increases in already-high utility bills and further pain for people who have taken a financial hit from the coronavirus pandemic. Nieves Leal, who lives...

Biden Announced Nearly 3 Million Get Health Coverage During COVID-19 Registration

President Joe Biden announced Wednesday that 2.8 million consumers took advantage of a special six-month period to sign up for private health insurance coverage made more affordable by his COVID-19 relief law. “That’s 2.8 million families who will have more...

August industrial production slows to 0.4% increase after Ida strike

U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity. Plant closures long the Gulf Coast as well as lost oil production during last...

Welcome to the Delta economy – you can’t always get what you want when you want it

Shoppers these days may need to take a cue from a Rolling Stones hit when it comes to setting their expectations: You can’t always get what you want. Now, shoppers are heading into the holiday purchase rush facing the prospect...

Retail sales increased last month even as Delta’s variance spread

NEW YORK  — Despite a rise in COVID-19 cases, Americans kept shopping last month. But the delta variant has changed where Americans spend their time and money. Online sales soared 5.5% last month, while sales at restaurants and bars, many...

News aggregator SmartNews raises $ 230 million, valuing its business at $ 2 billion

SmartNews, the Japanese news discovery app founded in 2012, on Wednesday announced a $230 million in Series F round funding at a $2 billion post-money valuation, bringing its total capital raised to date to more than $400 million. Founded in...

Explanation of the world of cryptocurrencies and bitcoin

Three hundred thirty-one years ago, the first piece of paper money was printed in the United States. The Massachusetts Bay Colony supposedly issued those first bills to fund military action in King William’s War. Flash forward to today, and...

Businesses Backed By Private Equity Firms Got $ 5 Billion Of $ 2 Trillion In Federal Covid Facility

In mid-April 2020, as Covid cratered the U.S. economy, coal producer Ramaco Resources of Lexington, Ky., turned to taxpayers for help. A company filing shows it received $8.44 million under the Paycheck Protection Program, one of the larger such...

Chinese property developers’ debt stirs investors

BEIJING  — One of China’s biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers of unfinished apartments. “In the unlikely event that a...

India and Singapore to boost digital payment systems

The central banks of India and Singapore will link their digital payment systems for “instant, low-cost fund transfers”, said the two sides on Tuesday, aiming to finish the project by July 2022. UPI, a five-year-old payments infrastructure developed by a...

Study: State pension systems for workers in optimal conditions since 2008

A new study finds pension systems for state government workers are in their best shape since the Great Recession. The Pew Charitable Trusts credits a booming stock market over the past year as well as states’ longer-term steps. Those...

Pentagon’s reliance on contractors hurts US in 9/11 wars

Up to half of the $14 trillion spent by the Pentagon since 9/11 went to for-profit defense contractors, a study released Monday found. While much of this money went to weapons suppliers, the research is the latest to point...

India and Singapore to link their fast payment systems

The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems — Unified Payments Interface (UPI) and PayNow. “The UPI-PayNow linkage is a significant milestone in the development...

Evergrande shares in China’s highly indebted real estate giant plummet

Shares in the highly-indebted Chinese property giant Evergrande have plunged after it outlined the extent of its financial problems. A statement issued by the company also said that its cashflow was under “tremendous pressure”. The firm said it is struggling to...

Adapt or otherwise, the companies of the center find a new reality

NEW YORK — As the resilient coronavirus keeps offices closed and workers at home, some are adapting while others are trying to hang on. Many business owners had looked forward to a return toward normalcy this month as offices...

Candidates for German chancellor clash in second television debate

BERLIN — In the second of three pre-election debates, the frontrunner to replace Angela Merkel as German chancellor faced tough questions Sunday over whether his ministry had a role in obstructing money-laundering probes. The attack came from his closest rival,...

Facebook to buy $ 100 million in invoices from variously owned companies

Facebook announced this week a $100 million commitment to a program that buys unpaid bills from small businesses run by women and minorities. The program is the latest effort by Facebook to build its relationships and long-term loyalty among small...

Afghans sell their possessions amid cash shortages and looming crisis

Shukrullah brought four carpets to sell in Kabul’s Chaman-e Hozori neighbourhood. The area is full of refrigerators, cushions, fans, pillows, blankets, silverware, curtains, beds, mattresses, cookware and shelves that hundreds of others carried to sell. Afghans have confronted a money...

Upstate 9/11 Memorial Supposedly Destroyed Says Business Owner

A 9/11 memorial was vandalized in Greenville, according to Paul Nichols, Founder and CEO of Upstate Granite Solutions. According to Nichols, someone spray painted the base of the monument and one of the towers with the word Taliban. The company constructed...

Why Evergrande’s Debt Problems Threaten China

Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company. The ratings...

LI Business Owner Pleads Vicious to Financial Fraud

On Thursday, Long Island business owner John Drago entered a guilty plea to fraud charges for evading taxes and illegally structuring transactions at multiple check cashing stores. He faces up to ten years in prison. John Drago, 57, of Central...

Presiding Judge in Ohio State Sex Reprimand Scandal Cases Highlighted by Wife’s Business Ties to OSU

The federal judge presiding over the lawsuits against Ohio State University brought by hundreds of men who were sexually abused by school doctor Richard Strauss failed to disclose that his wife has a licensing agreement with the university to...

Some of those who responded to 9/11 still face significant obstacles to health care

As a volunteer firefighter after 9/11, Kevin Maxwell spent seven months carrying out search and rescue operations at ground zero, filling up buckets of debris to create pathways into the rubble. It wasn’t just a job for Maxwell but...

Fort Myers restaurant sees steady business in summer after COVID shutdown

FORT MYERS – The general manager of Bimini Bait Shack said their season never ended this year. “The season didn’t end for us, we just excelled. People are coming to the area and want to be here, and we benefit...

Amazon will double the total spend for all college tuition, fees and textbooks for US hourly employees.

Amazon announced Thursday that it will offer to pay 100% of the tuition fees of its 750,000 hourly employees in the United States. The Amazon offer will begin in January 2022 and will include the cost of college tuition, fees...

Ford is wrapping up production in India and making $ 2 billion in cash in the process

Ford is ending production in India and taking a hit of $2 billion as it retrenches from a market that has been almost impossible for American automakers to break into. “Despite investing significantly in India, Ford has accumulated more than...

Jerome Powell criticized by Sheila Bair on climate regulation

Federal Reserve Chairman Jerome Powell has been criticized by progressives for going soft on big banks and not doing enough to address the climate crisis. Now, a lifelong Republican is joining that critique. “His real weakness is on financial regulation,”...

After Ida, small businesses face unreliability on many fronts

NEW YORK — A week or more after Ida, business owners from Louisiana to Connecticut are still adding up the financial losses and assessing the physical and emotional toll, grappling to find a way forward. Many say it’s difficult to...

Yellen Wakes Up America May Hit Debt Cap In October

WASHINGTON — Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. “Based on our best and most recent information, the most likely...

Magnet Milestones Lash Distant Nuclear Fusion Dream Closer

Teams working on two continents have marked similar milestones in their respective efforts to master nuclear fusion. Scientists at the International Thermonuclear Experimental Reactor in southern France took delivery Thursday of the first part of a massive magnet so...
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Latest News

Google’s plans for foldable phones include two models, as well as the launch of Android 12.1

A Google Pixel Fold is pretty much inevitable. Samsung’s push on the hardware front is making foldables the next...
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