2020-10-15 15:03:48| Mondaq.Com
Calculating business interruption losses following a natural catastrophe ("CAT") has always been as much of an art as a science, requiring forensic accountants to use their education
2020-10-15 15:01:56| Mondaq.Com
Onshoring Incentives: The Business Case For Bringing Suppliers Back To The U.S.
2020-10-15 10:54:44| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, as Marstons warns recent Covid-19 restrictions have hit consumer confidenceIntroduction: 2,150 Marstons jobs impacted byCovid-19 curbsMarkets hit by coronavirus worries9.15am BST: FTSE 100 down 120 points (2%) 9.54am BST The UK governments former homelessness adviser has a very grim warning for ministers today -- the country faces a period of destitution in which families cant put shoes on their childrens feet.Dame Louise Casey told the BBC that the government isnt providing enough support to people who cant work due to local Covid-19 curbs. It means we are looking at a period of destitution, she fears.Its like youre saying to people, You can only afford two-thirds of your rent, you can only afford two-thirds of the food that you need to put on the table.Theres this sense from Downing Street and from Westminster that people will make do. Well, they werent coping before Covid.UK faces "period of destitution" in which families "can't put shoes on" children, the government's former homelessness adviser Dame Louise Casey warnshttps://t.co/g3BdJZKmVI @BBCLauraK pic.twitter.com/NrzcXBxPYD 9.40am BST The Europe-wide Stoxx 600 index has now fallen to a two-week low, down 2%. Thats its biggest daily drop since 21st September, as fears over the Covid-19 pandemic and the deadlock over a new US stimulus package hit confidence.There were also negative comments from US Treasury Secretary Steven Mnuchin that a big stimulus deal was unlikely before next months Presidential election, in line with previous comments from Donald Trump.Ultimately investors are unnerved by whats going on with Covid-19 and how that is negatively impacting jobs and the ability for many businesses to succeed. Continue reading...
2020-10-15 07:14:32| Mondaq.Com
On Oct. 7, 2020, the SEC voted to adopt a new rule (Rule 12d1-4), and related amendments to existing rules and forms, to enact a comprehensive regulatory framework for "fund of funds" arrangements ...
2020-10-15 06:45:27| Mondaq.Com
As the COVID-19 outbreak initially swept across the globe, disrupting commercial operations and markets on an unprecedented scale, our clients raised many queries regarding the mechanisms available to minimise the risk ...