Finance

CRA launches new tool to help businesses through COVID-19

(REUTERS)
(REUTERS)

The Canada Emergency Wage Subsidy (CEWS) hasn’t gotten the uptake Ottawa hoped for, with businesses calling it restrictive and confusing. Now, there’s a new tool to help businesses take advantage of the emergency benefit to help Canadians make ends meet through COVID-19.

The Canada Revenue Agency (CRA), with the help of the Canadian Federation of Independent Business (CFIB), launched a new and improved online calculator to help all types of businesses apply for the next period of the CEWS program, which opens for applications on August 17. 

CEWS covers 75 per cent of the wages of workers at companies

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‘Let’s listen to the teachers:’ NYC comptroller on school re-openings

To date, the city of New York, the most populous city in the U.S. and the hardest hit by the COVID-19 pandemic, has only received 12% of federal PPP loans. Like many cities and counties around the country, New York is counting on federal loan aid to help businesses and support in the reopening of public schools. NYC Comptroller Scott Stringer joined Yahoo Finance to discuss why the city needs a stimulus package that includes funding for education.

“We need to have a stimulus package that is also gonna include money for school re-openings; this is not a cheap undertaking,” he said.

“This is really a matter of putting dollars to work so that we can create a school plan that works for kids, whether it’s [online learning or] classroom learning. This is the challenge of every big city and every small county in America right now,” he stressed.

QUEENS,

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General Motors CFO Dhivya Suryadevara resigns; John Stapleton named acting GM CFO

General Motors Chief Financial OfficerDhivya Suryadevara has resigned from the company after two years in the role to pursue a job outside the auto industry. 

GM said John Stapleton, the company’s North America chief financial officer, will serve as acting global chief financial officer, effective Aug. 15.

Suryadevara, the first woman to serve as GM, has joined Stripe, a global online payments company based in San Francisco, as its new CFO, Stripe said in a news release Tuesday. 

“I’m very excited to join Stripe at a pivotal time for the company. Stripe’s mission to increase the GDP of the internet is more important now than ever,” Suryadevara said in Stripe’s release. “I really enjoy leading complex, large-scale businesses and I hope to use my skills to help accelerate Stripe’s already steep growth trajectory.”

In an early morning news release Tuesday, GM said Suryadevara would leave the company “for an external

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4 ridiculously easy ways you can be more eco-friendly

When it comes to saving the planet, the question of where to start can be overwhelming. And while larger, governmental change is urgently needed, we can all individually contribute to being part of “the solution” rather than “the pollution.”

Savvy consumerism is no longer reserved for staunch eco-warriors, and it’s easier than ever to make “green” choices. There are plenty of examples: Veja creates fashionable sneakers from recycled plastic bottles, organic cotton, or wild rubber from the Brazilian Amazon. Personal care brand By Humankind delivers shampoo bars in paper boxes and provides refills for its deodorant. Whether it’s sustainable fashion or the reusable Origami Bottle that collapses down to pocket-size, traditionally unsustainable industries are being disrupted by alternatives.

Exciting environmentally-friendly products are an easy incentive for consumers to go green. However, they should be wary of greenwashing, or when a brand’s sustainable marketing conflicts with its actual business practices.

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CES 2021 Looks Set to Be All-Online in Wake of COVID-19

Anyone interested in product design has likely heard of the annual Consumer Electronics Show (CES) traditionally held in famous Las Vegas, Nevada. Unfortunately, the event’s organizers have recently announced that the 2021 edition of the show would look much different than in years past. Not just figuratively or literally speaking, but virtually, taking on an all-digital format in the wake of the deadly coronavirus pandemic.

Promotional graphic for the annual Consumer Electronics Show (CES) in Las Vegas, Nevada.
Promotional graphic for the annual Consumer Electronics Show (CES) in Las Vegas, Nevada.

The Consumer Technology Association (CTA) made the announcement in July 2020, a full six months before the January show. On one hand, that means attendees need not worry about airfare and hotel rooms. On the other hand, it means preparing to observe, disseminate information, and make purchasing decisions entirely online.

Traditionally, the show is set up like any other type of trade exhibition, with rows of booths manned by product specialists ready

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The Kiwi media mogul challenging online giants

Tucked away in Sinead Boucher’s sock drawer is the one-dollar coin that transformed the former journalist into New Zealand’s biggest media mogul, giving her a platform to challenge Facebook and other social media giants.

Boucher, 50, bought media giant Stuff Ltd for the nominal sum of NZ$1.00 (US$0.67) in May, taking control of New Zealand’s most popular news website, stuff.co.nz, and mastheads such as Wellington’s Dominion Post and the Christchurch Press.

Already a senior executive at the company, Boucher was well aware of the challenges facing news media world-wide — describing a business model “shredded” by the online giants, with revenues further slashed by the COVID-19 pandemic.

Some companies, such as Germany’s Bauer Media, decided New Zealand’s small market was not worth the bother and shut their local operations, a fate Boucher was determined Stuff would avoid.

“I couldn’t bear the thought of all these titles, not just the website

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Bloomberg Demands Woman Suing for Harassment Give Up Anonymity

Bloomberg LP thinks people should know the name of the person who is accusing it of fostering a “toxic” workplace for women along with instances of harassment.

The media and finance terminal company demanded in New York court last week that the woman who sued it in early June — a former saleswoman who alleges during her 18 months with Bloomberg she experienced a “gender-biased” culture that is demeaning and prohibitive to women, was urged to “dress provocatively” and that female coworkers were ranked by “hotness,” among other things — reveal her full identity in order for the case to go forward.

“Plaintiff’s claims of employment discrimination, retaliation and sexual harassment — the latter of which is premised on one alleged comment about plaintiff that was reportedly relayed to her secondhand — do not constitute the type of highly personal and intimate matters that courts have found to be worthy

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New Economic Development Chief Wants To Hear From Residents

EAST HAVEN, CT — His second day on the job as the town’s new director of economic development, Ray Baldwin drove around town with the mayor to survey damage after Topical Storm Isaias ripped through East Haven.

Baldwin, the former Trumbull four-term First Selectman, told Patch Monday that as important as it is to bring new business to town, supporting existing businesses is vital as many struggle through days of power outages, and months of the coronavirus pandemic.

“I want to make sure that businesses know that we’re here to make sure they’re getting all the services we can provide them, and they’re aware of opportunities available, like state and federal grants, to help them out,” he said, noting that taking care of businesses in town is a priority. “What can we do to help. That’s first and foremost.”

“If you lose your base, what’s the point of going out

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40 Supermarket Buys That Are a Waste of Money

Households across the nation have been pummeled by the COVID-19 pandemic, with income loss and food insecurity being widely felt consequently. According to U.S census data, 26 million adults (or 10.8% of all adults in the country) reported that their household sometimes or often didn’t have enough to eat in the last seven days for the week ending July 7.

Fortunately, federal aid through programs like the Supplemental Nutrition Assistance Program (SNAP) are available, but these come with strict eligibility and purchase restrictions. And even if you do qualify for federal aid, there’s still another crisis to deal with, and that’s the rising cost of food. According to July 14 data from the U.S Bureau of Labor Statistics, prices increased a total of 0.6% in June, with categories like meat, poultry, fish and eggs seeing the biggest spike. The beef index rose by nearly 5%.

At the end of the

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Strategic Plan For A Sustainable Business School

Future uncertainties are becoming everybody’s business. I believe it’s our role as a business school to address this challenge, which is the thrust of our new 20-25 Strategic Plan, ‘Impact Future Generations.’ It’s our roadmap as EDHEC embarks on a project of deep transformation, backed by an ambitious investment plan of nearly €230m.

This is a decisive step for EDHEC whose Global MBA is already ranked by The Economist at #1 in France, #2 in Europe, and #7 worldwide for opening new career opportunities. Our undergraduate, postgraduate and executive education participants will be the first to benefit, whether on our campus in Nice, Lille, Paris, London or Singapore.

We are committed to reinventing the kind of leaders we produce. The big shift will be in their ability to deal with global and complex issues. It’s about knowing how to learn, how to think and how to act, so they can

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