HCM City provides financial relief to poor, unemployed people

HCM City (VNA) – As many as 9,000 poor and near-poor households in Ho Chi Minh City that have been affected by the COVID-19 pandemic will receive monthly relief payments of 1 million VND (42 USD) each for three months, starting in April, according to the municipal Department of Labour, Invalids and Social Affairs. Up […]

Partial unemployment in Germany to surpass 2009 financial crisis

BA president Detlef Scheele said that it was impossible to say exactly how many individual employees would be placed on the scheme, but said it would be “signficantly” more than the peak of 1.4 million seen during the financial crisis.

Labour urges emergency aid for domestic abuse services

In his letter to Patel, seen by the Guardian, Thomas-Symonds says: “I am writing to ask you to work with colleagues across government to urgently bring forward a package of emergency bespoke financial support for the organisations who are doing vital frontline work to ensure that they can provide a crucial safety net to some […]

Democrats stall Trump’s $250B business virus aid package

They circulated a $500 billion plan that would add $100 billion for hospitals and other health care providers and $150 billion to state and local governments, as well as a 15% boost in food stamp benefits. They hope this serves as a basis for talks with McConnell going forward.

McConnell, Democrats jostle over urgent business virus aid

She is pressing for one-half of the White House request, or $125 billion, to channeled through community-based financial institutions that serve farmers, family, women, minority and veteran-owned small businesses and nonprofits in rural, tribal, suburban and urban communities.

Federal aid assigned to rural New Mexico hospital

SANTA FE, N.M. (AP) — Rural hospitals that have suspended non-urgent procedures as they brace for a surge in coronavirus patients have begun receiving a temporary financial lifeline from the federal government, members of New Mexico’s congressional and U.S. Senate delegation announced Wednesday.

Lufthansa Boss: Airline Loses Over $1 Million Every Hour, Holds Talks for State Aid

According to the CEO, these measures have directly affected some 7,000 workers, including some 1,400 Germanwings employees. Spohr said the group is negotiating with unions to find alternative jobs within the group for “as many of them as possible”.

Top EU court says eastern states broke law by refusing to host refugees

The EU now faces a fresh test of its unity from the coronavirus pandemic, with member states mostly pursuing their own strategies to counter the spread of the disease and the worst affected nations – Italy and Spain – again complaining of a lack of European solidarity and aid.

IMF chief says pandemic will unleash worst recession since Great Depression

Georgieva said the pandemic was hitting both rich and poor countries, but many in Africa, Asia and Latin America were at higher risk because they had weaker health systems. They were also unable to implement social distancing in their densely populated cities and poverty-stricken slums.

LA County Offers Grants To Struggling Small Businesses

pay mortgages, rent or utilities;cover working capital costs;pay for inventory;bridge funding to other lenders, such as Small Business Administration Payroll Protection; andpay down other debt incurred before the covered period.The grants may not be used to pay outstanding taxes, legal judgments, employee payroll or benefits or for lobbying.