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2020-04-02 21:11:59| Guardian Unlimited Business - more business news

Original coronavirus scheme was fiddly, slow and rested too heavily on banks judgmentCoronavirus latest updatesSee all our coronavirus coverageWhat was wrong with the governments first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans approved so far. Thats versus 130,000 inquiries.The running totals released by the Treasury for the first time since the Coronavirus Business Interruption Loan Scheme, or CBILS, was launched on Monday last week support the loud complaints from small businesses in search of cash. The scheme was fiddly, slow and rested too heavily on banks judgments about eligibility. Continue reading...

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28.11 Flights disrupted as Airbus requests modifications to thousands of aircraft 28.11 In search of Black Friday deals, shoppers hit Chicago Streets despite chilly temperatures, inflation worries 28.11 9 more newspapers sue OpenAI, Microsoft, alleging stolen content used in AI apps 28.11 Despite cold temperature, early deals shoppers continue Black Friday traditions 28.11 Despite early online shopping and cold weather, Black Friday still a must for holiday shoppers in Aurora 28.11 What a federal ban on THC-infused drinks and snacks could mean for the hemp industry 28.11 US stocks rise for a fifth straight day to close out a volatile month 28.11 Amazon workers warn warp-speed AI push threatens democracy and the planet More »