Author: jenny

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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Economy 

Zuckerberg Biggest Mistake cost him $7 Billion as Firms Boycott Facebook Ads

jenny

Zuckerberg Biggest Mistake cost him $7 Billion as Firms Boycott Facebook Ads

A huge crises was needed for Facebook to push its policy rationale after it seemed that nothing would convince its stubborn CEO to give up a free hand to every incitement, hatred, and lies.

Two huge crises were needed for Zuckerberg to push its policy rationale after it seemed that nothing would convince its stubborn CEO to give up a free hand to every incitement, hatred, and lies.

The social media partially withdrew from its position last night, ten days after a coalition of human rights groups called

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Biz News 

Disney to Redesign Splash Mountain Due to the Ride’s Ties to Racism and Slavery

jenny

Black Lives Matter protests and calls to dismantle white supremacy ramped up in recent weeks following the killings of George Floyd, Breonna Taylor, and other black men and women by the hands of police. As a result, the rise in racial and social consciousness nationwide has pressured many corporate companies to confront their own racist past, including Uncle Ben’s, Aunt Jemima, and Cream of Wheat. But those aren’t the only brands getting a marketing makeover: Disney announced that it will redesign its Splash Mountain theme park attraction due to its problematic ties to racial stereotypes.

Walt Disney announced

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