Month: June 2020

Finance 

UPS Launches Logistics Help Portal, Offers Discount to Small Business

jenny

As small businesses move towards reopening, United Parcel Service (UPS) has launched a dedicated portal to help them with their shipping needs. The new package by the messenger and delivery service company includes discounts, advice and other resources targeting the needs of small and medium-sized businesses (SMBs).

According to UPS, the resource portal will provide tools and resources to help them recover and pivot their businesses during these uncertain times.

UPS Small Business Coronavirus Recovery Help

Through its free Virtual Consultants, small businesses can get advice from a logistics expert on fulfillment. The company says this will run the

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Economy 

How Much Social Media Lost in Ad Exodus?

jenny

How Much Social Media Lost in Ad Exodus?

Starbucks became the latest company to hit the pause button on social media advertising on Sunday, joining an evergrowing list of major brands that pulled their ads from social networks, and Facebook in particular, in an attempt to push for stronger action against hate speech on the part of social media companies.

Starbucks, Ford Join Over 150 Companies In Mega Facebook Boycott

“We will pause advertising on all social media platforms while we continue discussions internally, with our media partners and with civil rights organizations in the effort to stop the spread

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Biz News 

Reopening delays stack up as WHO warns ‘the worst is yet to come’

jenny

New Zealand to lead virtual APEC summit involving U.S, Asian leaders in 2021

1:50 p.m. Singapore time — New Zealand has canceled plans to host the Asia-Pacific Economic Cooperation summit scheduled for next year because of the coronavirus pandemic — and will instead lead a virtual forum, reported Reuters.

The APEC summit includes a series of meetings that culminate in a so-called leaders’ week at the end of the year. Next year’s leaders’ week was supposed to be held in Auckland in November 2021. APEC, which focuses on trade issues, has 21 members including the U.S., China, Japan and Mexico. 

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Finance 

5 Ways To Get Money And Start A Small Business

jenny

These days, more and more people are going into business for themselves. Although it takes a lot of hard work, dedication and of course, money, to do this, starting a small business is a great way to dive into a fulfilling career and earn a living. Of course, when you are starting out, you may need some extra cash to help you get going.

There are five ways you can get money and start up your small business.

Use Credit

One way you can get money for your small business is to use business credit cards. This is a fast

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Economy 

Should China prepare for a financial war against the United States?

jenny

China runs the risk of being disconnected from the financial system of the US dollar, warns the deputy director of the China Securities Regulatory Commission, Fang Xinghai. Given Russia’s experience, the Asian giant must prepare for a financial war against the United States, he adds. Will these warnings be justified?

According to Fang Xinghai, the fact that China relies mainly on the US dollar payment system in international agreements makes it vulnerable to possible sanctions by the United States.

“Such things have already happened to many Russian companies and financial institutions. We have to make early preparations, real preparations, not

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Biz News 

Stock futures little changed as U.S. coronavirus cases surge to record levels

jenny

Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.

Brendan McDermid | Reuters

U.S. stock futures hovered around the flatline following an earlier decline as coronavirus cases continue surging in the U.S., stoking concerns about the economic reopening and recovery.

As of early morning trade on Monday, Dow Jones Industrial Average futures traded 27 points lower. S&P 500 futures and Nasdaq-100 futures also stood little changed. Earlier in

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Finance 

Credit card industry reins in balance-transfer offers as banks from JPMorgan to Amex fear defaults

jenny

Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans.

Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks including JPMorgan Chase, Citigroup, Bank of America, Barclays and Capital One, according to people with knowledge of the matter at each firm.

American Express took the most drastic step, dropping the product altogether, according to a company spokesperson.

“We are not currently

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