In the US, Democrats in the lower house of the Congress presented a package of the assistance to combat the effects of the epidemic COVID-19, valued at $ 2.2 trillion. It was reported by the Voice of America.
The House Speaker, Nancy Pelosi, issued the letter stating that the bill “provides much-needed resources to protect the lives, livelihoods and lives of our democracy in the coming months. It includes new funding needed to prevent the catastrophe of the schools, small businesses, restaurants, venues, airline workers. ”
Separately, the financial assistance includes allocating of $ 436 billion to state and local governments, additional payments of $ 1,200 to most Americans, money for unemployment benefits in the amount of $ 600 until January. In addition, $ 75 billion is allocated for the testing COVID-19, contact tracing of patients and other medical services.
Heroes Act 2.0 also includes $ 25 billion for the help to prevent the layoffs of thousands of airline`s employees.
However, it is unknown at this time whether it is planned to vote for the proposed bill in the House of Representatives this week.
The Samsung Group electronics declared a takeover of Harman International Industries Company. The price of one share of the American entity will cost shareholders of Samsung $112 that is 28% more than the start price of assets. Thus, the cost of the transaction reaches $8 billion. Harman International Industries is the American developer and the […]Next
Re-arrest of Gulliver, the appointment to the post of Privatbank a foreign financier and the return of the tax police: events that you need to know. LDaily: only what is really worth your attention. Gulliver: “… there is no base for court decision on the arrest of the property “ Ukrainian media notified again about […]Next
To get the next tranche of credit from its main creditor – the IMF, Ukraine should solve the issue of adopting a law which provides the demonopolization of the alcohol industry. This information was published by the head of the Ministry of Agrarian Policy of Ukraine Taras Kutovyi on his Facebook profile. The adoption of […]Next
The Digital Future Investment Company invests $ 200,000 in the Softcube personalization service. In this round also participated private investor Alexei Kuznetsov, and the total size of the deal was $ 400 000. There is another investor in the transaction, he is going to announce its participation later, because now he is at the stage […]Next
The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital. As reported, at the beginning of this year, the National Commission, carrying out […]Next
Antimonopoly Committee of Ukraine allowed the company Uniline finance to gain control of six agricultural companies in Dnipropetrivsk and Zaporizhzha regions. Based on the received permission, the company Uniline finance Ltd. (British Virgin Islands) is going to acquire more than 50% of the shares of Astev Investment Company (Cyprus). According to the AMCU, the online […]Next
Until quite recently, the Petcube took the lead position in the Ukrainian niche of gadgets for pets. But a startup team of the Moggie project proved their importance. The company is developing a smart collar for cats and mobile application, which in pairs or individually will allow owners to monitor the health of their pets, […]Next
The Stockholm arbitration prohibited the “Odessa Portside Plant”, PJSC to alienate non-current assets, according to the press-service of Group DF. “March 31, 2016 the Stockholm arbitration satisfied the request of the Ostchem Holding Ltd (included in Group DF) and ordered the OPP till August 31, 2016 to refrain from alienation or encumbrance in any way […]Next
One of the largest airlines in the United States and globally, United Airlines Holdings Inc., warned on Wednesday that it could lay off 36,000 employees since October 1. Almost half of these employees are flight attendants. The company employed about 96,000 people as of December. This step of United confirms the deplorable state of the […]Next
According to an information of Reuters, Two large Chinese companies plan to construct a solar power station with a capacity of 1 gigawatt in the Chernobyl . For project implementation, the GCL System Integration Technology company intends to get a business with the China National Complete Engineering Corporation (CNCEC). CNCEC was founded in 1985. in […]Next
In August, oil production in the UAE rose to 2.69 million barrels per day, while under the OPEC + agreement the quota is 2.59 million barrels. This was announced on Tuesday, September 1, Minister of Energy Suhail al-Mazrui. Exceeding the quota of 100 thousand barrels per day was caused, according to the official, by increased […]Next
Due to the elimination of corruption patterns in the energy sector, the State Treasury has saved 140 billion UAH. On this figure notified the head of the government of Ukraine Volodymyr Hroisman in an interview to the national news agency Ukrinform. According to the Prime Minister the compensations for Naftohaz and LMKP Teplokommunenergo were hundreds […]Next
The increase of the minimum wage in Ukraine from UAH 5,000 to UAH 6,500 in 2021 may increase the state budget deficit to more than 6% of gross domestic product. This is stated in the economic review of the World Bank. In addition, the increase in the minimum wage will increase the overall need to […]Next
Participating FIS client banks will be able to send and receive large-ticket international corporate payments quickly and securely KYIV – May 15, 2019 – Visa Inc. (NYSE:V) and FIS are joining forces to enable FIS’ commercial financial institution clients to quickly and securely access the Visa B2B Connect platform globally*. Visa B2B Connect will be […]Next
LET’S GO GREEN 2016 has set two opposing energy records. According to the International Energy Agency (IEA), oil production has fallen to a minimum level over the past 70 years. Mining companies continue to reduce costs associated with low oil prices. Mining has dropped to 2,4 billion barrels in 2016, compared with the average indicator […]Next
BUSINESS TALKS, START-UP ALLEY AT #SUBF19 MAY 23 2019, KYIV TIME: 14:30-16:30 VENUE: PARKOVY CONGRESS AND EXHIBITION CENTER, KYIV, PARKOVA DOROGA 16A MODERATOR: BOHDAN SENCHUK, President of Swedish Business Association in Ukraine TOPICS FOR DISCUSSION: 1. ITC business partnership between Sweden and Ukraine; 2. Business climate in Ukraine: pros and cons to start, develop and […]Next