Monday, January 24News That Matters
Shadow

Tag: loans

Matteo Guendouzi backed to become ‘monster midfielder’ as Arsenal’s former transfer chief questions Mikel Arteta over French outcast and Lucas Torreira loans

Matteo Guendouzi backed to become ‘monster midfielder’ as Arsenal’s former transfer chief questions Mikel Arteta over French outcast and Lucas Torreira loans

Sports
Arsenal’s former head of recruitment Sven Mislintat has defended the transfers he signed off at the Premier League club, and has questioned Mikel Arteta over his handling of one of them – Matteo Guendouzi. In a wide-ranging interview with The Athletic, the ex-Gunners chief – now sporting director at VfB Stuttgart – spoke about the young Frenchman, who was sent out on loan to Hertha Berlin after falling out of Arteta’s good books. Getty Images - Getty Guendouzi appears to no longer have a future at Arsenal And Mislintat said he’d ‘love’ to discuss that decision with the Arsenal manager, as he backed Guendouzi and said he can become a ‘monster midfielder’. He also questioned the call to send Lucas Torreira out on loan to Atletico Madrid, too, insi...
The Latest: Kansas businesses not to repay COVID loans

The Latest: Kansas businesses not to repay COVID loans

Health
WICHITA, Kan. — Hospitality businesses who got loans through an emergency relief fund in Kansas at the beginning of the pandemic will no longer have to repay the money, Kansas Gov. Laura Kelly said Tuesday.Funding provided through the Hospitality Industry Relief Emergency Fund has been converted from bridge loans to grants, the governor said. The program was originally envisioned as a working capital loan program. Businesses that have made repayments will be reimbursed.The fund was established last year to provide immediate help to Kansas hospitality businesses faced with revenue losses due to COVID-19. In total, $ 5 million went to 344 businesses statewide, according the governor’s office.———THE VIRUS OUTBREAK:Drug executives tell Congressional hearing an increase in vaccine suppl...
Coronavirus: Barclays says loans worth £4.8bn may never be repaid

Coronavirus: Barclays says loans worth £4.8bn may never be repaid

Business
Getty ImagesBarclays has reported a big drop in annual profits, having set aside billions of pounds for loans expected to turn sour due to the pandemic.The bank reported a 30% fall in pre-tax profits to £3.1bn for 2020, down from £4.3bn in 2019.It was forced to set aside £4.8bn to cover loans unlikely to be paid back amid the economic fallout of Covid.Despite that the bank announced it would resume dividends, with a payment of 1p per share to shareholders.'Resilient and diversified'The bank has been one of the biggest providers of emergency loans during the coronavirus crisis, having given some £27bn worth to businesses.It has also provided more than 680,000 payment holidays globally for customers with mortgages, credit cards and loans.Barclays warned that pandemic-related costs would rema...
Rishi Sunak offers more help to 1.4m firms repaying Covid loans

Rishi Sunak offers more help to 1.4m firms repaying Covid loans

Business
ReutersSmall firms are to get more time to repay state-backed loans taken out to help survive the coronavirus lockdown.The changes include giving companies an option to extend the length of the loan from six to ten years under a "pay-as-you-grow" initiative.Chancellor Rishi Sunak said the move was to give companies "breathing space to get back on their feet".He has been under pressure to act amid fears the continuing lockdown will spark a wave of company closures.About £45bn has been borrowed by more than 1.4 million small firms under the Bounce Back Loan scheme, which offers cheap loans of up to £50,000. Under the existing scheme, firms get interest-free loans for the first year. But many will start repaying the money in May, when economic recovery is still expected to be weak.Under the n...
PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers

PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers

Finance
NEW DELHI: PhoneParLoan today said that it has launched a program to disburse bike loans to candidates looking for a job as a delivery person. The company has tied up with Finance to give out these loans and has already given out nearly a thousand such loans so far. PhoneParLoan has tied up with companies like DTDC and Bisleri, where if a candidate gets selected as a delivery personnel and gets an offer letter, but does not have a bike, they are offered a loan via the PhoneParLoan platform. Chief executive of the company Ashwin Bhambri said that the loans were given out even to those without any money in their bank accounts, as it was based on their future earning potential. He said that the company was "passionate about giving out secured credit", and wanted to reach out to people in...