Hurn said he’s worried the program’s Friday launch won’t be reassuring to U.S. businesses. “If it lands with a thud tomorrow, which I think is very possible, based on what information still needs to come out, that is going to make people feel even more dire.” … [Read more...] about U.S. small business bailout starts Friday. Is the government ready?
Art business news
MUMBAI: The Indian insurance industry’s exposure to coronavirus claims is limited to event and regular coverage under health policies, according to chairman of the General Insurance Corporation (GIC Re), the national reinsurer. Speaking to TOI, GIC Re chairman Devesh Srivastava said that despite the crisis, claims from businesses are unlikely. “Business interruption covers are bought by all corporates. But these policies will not be triggered as most of them come into force only if there is property damage,” said Srivastava. GIC Re provides reinsurance cover to Indian and multinational companies who want to pass on some of their risks to a large organisation. The airline industry, despite major losses, is also not protected by an insurance cover. “For airlines, this is like the Icelandic volcano eruption in 2010 when most flights from Europe and America were grounded, yet no insurance claims were payable,” he said. Most insurance companies may have to … [Read more...] about ‘Business claims due to virus unlikely’
VN Finance Ministry proposes 5-month extension of VAT and land rent payment for businesses The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic. … [Read more...] about Vietnamese businesses, landlords lean on each other to survive epidemic
FILE PHOTO: U.S. President Donald Trump speaks with Saudi Arabia's Crown Prince Mohammed bin Salman during photo session with other leaders and attendees at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque … [Read more...] about Saudi crown prince and Trump discussed global energy markets over phone: state news agency
Coronavirus | Air India suspends contract of around 200 pilots “Since almost all the planes have been grounded and the carrier’s revenues have taken a significant fall during the last few weeks, the airline has decided to temporarily suspend the contract of around 200 pilots who were re-employed after their retirement,” an official said. | Today’s top business news … [Read more...] about Top news of the day: Narendra Modi seeks common lockdown exit strategy from States, Home Ministry says 9,000 Tablighi Jamaat members and contacts quarantined, and more