2020-07-09 10:10:13| Guardian Unlimited Business - more business news
IFS analysis of chancellors plans to be published as Sunak takes to airwaves this morningMass unemployment feared despite Rishi Sunaks plan for jobsGlobal coronavirus live: latest updates 9.09am BST Rishi Sunak said more than a million businesses had benefited from government financial support during the crisis, but apologised to those who had not been reached.He told Times Radio: Over a million businesses have benefited, for example from the furlough scheme a million businesses have accessed some of our loans, almost a million businesses have got access to cash grants or business rates holidays.So clearly the scale of what were doing is reaching a lot of people. Is it going to reach absolutely every single person and every single company in exactly the way they would like? Im sure not and I can only apologise for that.Does everyone feel that theyve been helped in the way that they would like to have been? Of course not and I can only apologise for that. 8.55am BST The chancellor has said the 1,000 bonus being offered to businesses that keep furloughed staff in jobs until January would be a dead weight cost, as some employers who intend to retain workers anyway would benefit.In an apparent admittance that this means some public money will be wasted, Rishi Sunak told BBC Radio 4s Today programme: Throughout this crisis Ive had decisions to make and whether to act in a broad way at scale and at speed or to act in a more targeted and nuanced way.In an ideal world, youre absolutely right, you would minimise that dead weight and do everything in incredibly targeted fashion. Continue reading...
2020-07-07 18:20:47| GoldSeek.com News
These days opening the morning newspaper or switching on the evening news can be akin to an assault on mind and senses, as the media compete daily to see who will do the best job of shocking and awing us. The sensual bombardment has risen to a new level upon the 2020s visitation of the pandemic as we all know. Quite often, we let that assault get the better of us the blood pressure rises and the mood sours. Sandy McHoots, as Wodehouse describes him in the short profile quoted above, harbored a healthy, well-cultivated disdain for that sort of thing. My guess is that McHoots was not just the greatest living exponent of golf, he was also a gold owner. How could it be otherwise? Though rarely discussed, gold ownership has as much to do with personal philosophy and how we wish to conduct our lives as it does finance and economics. In many ways, it is a rational portfolio decision that suits the times, but it is also a lifestyle decision that provides some peace of mind no matter what happens with the pandemic, the latest mania on Wall Street, or the election-year machinations in Washington D.C. As Richard Russell, the now-deceased editor of the Dow Theory Letters once put it, I still sleep better at night knowing that I hold some gold. If or when everything else falls apart, gold will still be unquestioned wealth.
2020-07-06 15:21:00| Fool.com Headlines
Subscriptions are up, even though advertising revenue will be choppy over the next few quarters.
2020-07-06 06:54:48| The Economic Times
In a significant ramp up in the context of the ongoing border standoff with China, the road transport and highways ministry has increased four-fold the allocation for maintenance of border roads managed by the Border Road Organisation (BRO) from Rs 30 crore to Rs 120 crore for this year.
2020-07-03 04:05:37| Mondaq.Com
In this period of gradual resumption of activities amidst an ongoing pandemic, we are being asked to shift into "solution mode".