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'Fear is the only thing that stops you. I had to give it a try'

However, as lockdown drew on longer, the team had another idea.Why not start a new spin-off business that is completely online?The shop used to host drink tastings twice a month in-store, which were always popular.However, they had found that people often couldn't commit to specific dates and times. read more...

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Editor's Pick

'Fear is the only thing that stops you. I had to give it a try

However, as lockdown drew on longer, the team had another idea.Why not start a new spin-off business that is completely online?The shop used to host drink tastings twice a month in-store, which were always popular.However, they had found that people often couldn't commit to specific dates and times. read more...

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'Fatal for small businesses': Big firms delay payments to smaller suppliers during COVID-19

The payment delays are fatal for many small businesses, says L.J.Thirty percent of remaining small businesses could close for good by the end of the year, a recent Biz2Credit study shows.But many suppliers to large companies are small businesses and they have fewer resources to withstand the delays.Like other small businesses, he understands the financial stresses his clients are experiencing and walks a fine line.You have to figure out a way to carry your clients.Sometimes, late payments ripple through the supply chain, affecting progressively smaller businesses. read more...

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'External source' causes oil tanker explosion in Saudi Arabia

"It is possible that some oil has escaped from the vessel, but this has not been confirmed and instrumentation currently indicates that oil levels on board are at the same level as before the incident," Hafnia said. read more...

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'Does Magna Carta mean nothing?': Salon owner argues for opening of business

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video read more...

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'Devastating and unrelenting' Covid-19 crisis will cost airlines $157 billion, says IATA

London (CNN Business) More huge losses are looming for the airline industry as carriers brace for the Covid-19 crisis to extend well into 2021.The International Air Transport Association forecast Tuesday that the sector will lose $157 billion this year and next due to the pandemic."This crisis is devastating and unrelenting," IATA Director General Alexandre de Juniac said in a statement.The industry group expects net losses to total $118.5 billion, worse than the $84.3 billion forecast in June.IATA now thinks the airline industry will lose $38.7 billion in 2021, deeper than its previous $15.8 billion forecast. read more...

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'China is a hard rock. It won't be beaten by virus'

The bar worker Pan can attest to that.The people who come to her high-end bar are spending like before, but she is doing the opposite.Instead, she is saving more."It is really difficult to find a job this year," she said."Migrant workers like us are really having a hard time". read more...

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$900 Billion Pandemic Relief Deal Takes Shape: Live Business Updates

ET $900 Billion Pandemic Relief Deal Takes Shape: Live Business Updates RIGHT NOW Congressional leaders are near a deal on a roughly $900 billion stimulus plan.Sapna Maheshwari andAdvertisement Continue reading the main storyA surprising drop in U.S. retail sales undercuts a rally in stocks.By: Ella Koeze Source: Refinitiv A surprisingly dour report on retail sales took some of the enthusiasm out of the stock markets on Wednesday.U.S. lawmakers held talks late Tuesday seeking an agreement on a pandemic stimulus bill ahead of a Friday deadline.European Central Bank will lift ban on bank dividends, a sign of cautious optimism. read more...

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$13 billion SNAP boost is one of the best deals in latest Covid aid package. Here's why.

Every dollar in SNAP benefits boosts the economy, said Luis Guardia, president of the nonprofit Food Research and Action Center.We work with our regional and local food banks quite a bit.Brandi Wright of Van Buren, Missouri, mother of two, said she was facing eviction and feared being put out on the street before she connected with charitable aid and SNAP benefits.Without food stamps...Much of that new need is coming from people who've never had to reach for food stamps before. read more...

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"Small Business Saturday" could make or break local stores across U.S.

Every day of the year is important for a small business, but "Small Business Saturday," launched by American Express a decade ago, is particularly relevant and even poignant this holiday season, with record numbers of small businesses suffering financially this pandemic year.Small Business Saturday, which follows Black Friday, falls this year on November 28.Fifty-one percent of consumers said they plan to support small and local retailers on Small Business Saturday, according to Adobe Analytics; 38% said they plan to shop at smaller retailers throughout the season."Small Business Saturday and shopping small is literally everything.Her website now features a subscription service and rewards program, rolled out in time for Small Business Saturday. read more...

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