SINGAPORE – Small and micro companies that have been hit hard by the Covid-19 pandemic and need to restructure their debts to stay viable or wind up their businesses can apply for support to do so under a new programme from Friday (Jan 29). Applications for the Simplified Insolvency Programme (SIP) will be open until July 28 and the period […]

I have been locked in a luxury hotel room 24 hours a day for two straight weeks, as part of Singapore's strict anti-coronavirus regime. Singapore's approach to preventing the spread of COVID-19 is one of the most successful in the world. Since the start of the pandemic, the city-state of more than 5 million people has had around 59,000 cases […]

In 1960, after only a year in business, Rudolf Zwirner’s fledgling gallery in Essen, Germany, was in serious debt. In a panic he turned to the dealer Hein Stünke, whose gallery in Cologne, Der Spiegel, had become a gathering place for the European avant-garde. “Young man,” Stünke said, “you can’t expect to earn enough money with contemporary art. You also […]

Billions of dollars were this week wiped off of the ledgers of the sophisticated fund managers who have long pulled the strings on Wall Street. In the process, a struggling retail firm became a US$10 billion (NZ$14 billion) company and a band of retail investors became millionaires. So who’s to blame for the meteoric rise of GameStop from less than […]

(CNN Business)Mike Lindell, the CEO of MyPillow, was banned from Twitter Monday night, according to a Twitter spokesperson. Twitter made its decision based on a new policy it enacted after the Capitol insurrection whereby people who repeatedly share election misinformation can be permanently banned. “The account you referenced has been permanently suspended due to repeated violations of our Civic Integrity […]

Walgreens said Tuesday that it hired Starbucks COO Roz Brewer to be its next CEO. Most Wall Street analysts praised the choice, saying Brewer could help turn Walgreens around. One analyst said investors were hoping Walgreens would tap someone with healthcare experience to compete with CVS. Visit Business Insider's homepage for more stories. Walgreens said Tuesday evening that Roz Brewer, […]

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Ahead of India’s annual budget presentation next week, IMF’s chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most […]