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House bill gives small businesses more time to use PPP loans and lets them spend less on payroll

House bill gives small businesses more time to use PPP loans and lets them spend less on payroll

Finance
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread of COVID-19. (Photo by Alexi Rosenfeld/Getty Images)Alexi RosenfeldA bill that passed yesterday in the House of Representatives has some sought-after changes to a forgivable loan program for small-business owners.The new legislation, the Paycheck Protection Program Flexibility Act, addresses entrepreneurs' concerns around loan forgiveness, one of the main attractions of the Paycheck Protection Program. It passed the House on Thursday in a 417-1 vote.Some loan recipients, lik...
Hemsworth brothers perform together for first time on screen

Hemsworth brothers perform together for first time on screen

Entertainment
Despite their numerous Hollywood credits, it turns out that brothers Chris and Liam Hemsworth have never acted together on screen.But that has now changed, as the Australian siblings have joined up (albeit via Zoom) with a host of other celebrities to read Roald Dahl's James and the Giant Peach. The brothers play the hero's villainous aunts - Aunt Sponge and Aunt Spiker - in the first episode of the much-loved tale. The story, which was originally written by Dahl to entertain his daughters, will be raising money for both Roald Dahl's Marvellous Children's Charity and Partners in Health, which are fighting coronavirus around the world.Led by Oscar-winning filmmaker Taika Waititi, stars including Meryl Streep, Ryan Reynolds and Benedict Cumberbatch will tell the story in full across 10 epi...
Eurovision: Abba’s Waterloo voted best song of all time

Eurovision: Abba’s Waterloo voted best song of all time

Entertainment
Abba's Waterloo has been named as the greatest Eurovision song of all time by BBC viewers.Eurovision: Come Together saw the public vote for their favourites, on the night this year's song contest was due to take place.The 2020 competition was cancelled in March amid the coronavirus pandemic.The Swedish foursome won it in 1974 in Brighton. The track, which topped the UK charts and set them on their way to fame, went on to sell nearly 6m copies.Speaking later in the night, Bjorn Ulvaeus from the band said he found it "hard to believe" that was where it began for them all those years ago.On Friday, it was t announced the shortlist for the programme would include Eurovision classics from the likes of Netta, Bucks Fizz, Conchita Wurst and adopted-Brit, Gina G....
Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic

Op-Ed: It’s not time to panic, it’s time to plan your finances during coronavirus pandemic

Finance
Phynart StudioPrior to the Covid-19 pandemic, an astounding 53% of the American population felt anxious about personal finances. Undoubtedly, that percentage has grown significantly, with more than 26 million Americans becoming unemployed since then. The statistics are alarming, but it is not time to panic — it's time to plan.Although many financial plans will need to be reassessed due to the changes that businesses and households face, proactive planning will aid you in achieving your short- and long-term financial needs and goals, especially in times of hardship.To gain perspective and make decisions, you can evaluate your current assets, weigh your risks, rework projections to match the new conditions and proactively alter plans according to your needs, goals and values.1. Manage your r
CBI warns of ‘race against time’ to save firms from collapse

CBI warns of ‘race against time’ to save firms from collapse

Business
The CBI has demanded that ministers beef up help for businesses in a "race against time" to save jobs and livelihoods.Dame Carolyn Fairbairn, the CBI's director-general, said government intervention had already saved millions of jobs but that a "new wave of support" was needed. It came hours after figures showing £2.8bn has been advanced to struggling small and medium-sized businesses under a Treasury-backed scheme - which has been criticised for being too slow.More than 16,000 loans have been approved under the scheme but that compares to an estimated 300,000 companies that have expressed an interest.The CBI said the figures highlighted the need to "accelerate the delivery" of existing support at a time when many firms were facing "unrelenting" pressure - with the latest data painting a d