Month: June 2020

7 steps to recession-proof your small business

Blame COVID-19: the US officially entered a recession in February. I suspect that’s not news to you and your small business, as small businesses have been on the front line of this downturn, struggling to survive. In fact, since the shut-down, it’s estimated that over 100,000 small businesses have closed their doors for good.

I don’t want you to be one of them, so there are ways to help ‘recession-proof’ your small business.

1.     Get the word out to ‘shop small, shop local.’ In response to COVID, customers want to help their favorite small businesses succeed, but at any time, it’s critical to educate consumers about the importance of small businesses to their community. Work together with other small businesses in your community or industry to create special events, discounts, rewards. Right now, you can give American Express cardholders even more motivation to ‘shop small,’ as American Express announced on

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Online aftersales consult offered by AC Motors

AC Motors, the automotive and motorcycle arm of AC Industrials, has recently launched their latest program to ensure aftersales needs of their customers are well-attended.

Dubbed as Master Mechanics, the AC Motors’ online consultation platform is to cater to the aftersales needs for all the six brands that they are handling, namely Honda, Isuzu, Volkswagen, KTM, Kia and Maxus.

The Master Mechanics helpdesk online services cover the following general concerns: vehicle care (battery maintenance, proper vehicle storage, among others); do-it-yourself maintenance advisory; basic warranty policies; inquiries on car and motorcycle features; dealer information and services; accessories; product and brand-specific questions; and, guided basic checks.

Available via e-mail, Facebook and mobile SMS, around 40 veteran aftersales managers and advisors are pooled to provide a customer-centric, one-stop aftersales consultation service appropriate to the current situation.

The said team consists of only the best advisors from the six brands with decades

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12 Ways to Stop Wasting Money on Your Car

FG Trade/istockphoto
FG Trade/istockphoto

Beyond Changing the Oil

Cars are one of the largest purchases consumers make, alongside homes and college educations. But unlike real estate or a bachelor’s degree, a car isn’t an investment. A vehicle is an expense — and one that doesn’t end with the purchase. It takes more than fuel to operate a car over the long run. Routine maintenance and repairs are necessary to keep a vehicle operating safely and efficiently and to preserve its resale value, but you can still save money when caring for your car. Here are some tips to make sure you aren’t wasting money on your car.

Related: 11 Things to Do to Maintain Your Car While You’re Not Driving It

NorGal/shutterstock
NorGal/shutterstock

Change the Air Filter Yourself

This is one of the easiest of all car-maintenance tasks. The owner’s manual shows how and how often to do it (typically every 10,000 to

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Students react to colleges’ reopening plans with mix of optimism, fear

Arriving on campus kick-starts a year of firsts for college freshmen, and Abbey Shea was excited about all of them. Her first introduction to new roommates who may become lifelong friends, first semester away from home, first foray into independence.

And then her Port Orange, Florida, high school postponed its graduation ceremony because of the coronavirus. Uncertainty set in, and Shea braced herself for “a new normal,” she said — a college experience far different from the social mecca she’d imagined. 

“I’m trying to open myself up more,” said Shea, 18, who selected Nova Southeastern University in Fort Lauderdale as much for its diverse student population as for academic reasons. Now, she worries pandemic-related rules will smother her interpersonal goals. “I know it’s not going to be the same.”

Though Nova, a private university, has yet to publish a comprehensive outline for the fall semester, the Florida State University System’s

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LVMH expects pandemic to dampen sales for some time yet

PARIS (Reuters) – The fallout from the coronavirus crisis will weigh on LVMH’s <LVMH.PA> earnings for some time yet, though there were some signs of recovery this month, executives at the world’s biggest luxury goods group said on Tuesday.

Second quarter earnings at the owner of Louis Vuitton and other brands will be hit particularly in Europe and the United States, Chairman Bernard Arnault told a shareholder meeting, conducted online.

“We can only hope at this point for a gradual recovery,” Arnault told investors, adding that the second half of the year looked better. He flagged some “quite vigorous” signs of recovery in June, as virus lockdowns lifted in much of Europe, including in Milan and Paris, two major shopping hubs.

Luxury labels are still suffering from a lack of tourist travel even though consumption is picking up again on a local level as stores reopen, including in China.

Finance

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Liza Koshy apologized after old videos of her and David Dobrik mocking the Japanese accent resurfaced

Liza Koshy and David Dobrik, then a couple, are under fire for a pair of 2016 videos.
Liza Koshy and David Dobrik, then a couple, are under fire for a pair of 2016 videos.

Liza Koshy Too/YouTube

  • Liza Koshy has apologized for racist jokes in old videos filmed with her then-boyfriend and fellow YouTube superstar David Dobrik.

  • Two videos re-emerged from 2016 of her and Dobrik trying Japanese candy.

  • The pair used mock-Japanese accents, which a TikTok user called a “clear example of the normalized racism against Asians.”

  • Koshy said in her statement she never had any intention to be racist, and was sorry for any hurt she caused.

  • She said she thought her jokes were “innocent” at the time, but now realizes they are “tainted with implicit bias.”

  • Visit Insider’s homepage for more stories.

Liza Koshy posted a lengthy statement on Twitter apologizing for racially insensitive jokes in two of her past videos. She said she has experienced prejudice her whole life, but didn’t realize the

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Edited Transcript of 6098.T earnings conference call or presentation 27-May-20 8:00am GMT

Chiyoda-ku Tokyo-to Jun 30, 2020 (Thomson StreetEvents) — Edited Transcript of Recruit Holdings Co Ltd earnings conference call or presentation Wednesday, May 27, 2020 at 8:00:00am GMT

Recruit Holdings Co., Ltd. – Corporate Executive Officer

Recruit Holdings Co., Ltd. – President, CEO & Representative Director

Recruit Holdings Co., Ltd. – IR Executive

Nomura Securities Co. Ltd., Research Division – Analyst

Mizuho Shen, Recruit Holdings Co., Ltd. – IR Executive [1]

Welcome to Recruit Holdings Fiscal Year 2019 Earnings Conference Call. I am Shen from IR office. Speakers today are Masumi Minegishi, President and CEO; and Junichi Arai, Executive Officer of Capital Market Strategies. Minegishi will briefly go through fiscal year 2019 results we announced at 3:00 p.m. and then proceed to Q&A.

This call is simultaneously translated from the original call in Japanese, and translation is provided for the convenience of investors only.

Now I will turn over the call … Read More

EU puts 14 countries on ‘safe list’, but excludes the US

Canada made the list of 14 safe non-EU countries - Getty
Canada made the list of 14 safe non-EU countries – Getty

The EU has announced 14 countries whose citizens can be let into the bloc from July 1, but the US, China and Brazil have been left off the list.

The list includes Australia, Canada, Japan, Morocco and South Korea. The EU has suggested it will add China once the Chinese government offers a reciprocal deal for EU travellers.

Border controls have been lifted inside the EU, meaning you can travel freely between countries once inside.

Also on the safe list are Algeria, Georgia, Montenegro, New Zealand, Rwanda, Serbia, Thailand, Tunisia and Uruguay. The list will be finalised by midday today.

Anyone from the UK will be treated in the same way as EU citizens until the end of the Brexit transition process, on December 31. 

However, the Foreign Office still advises against travel and anyone arriving in the UK

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Yandex’s Lockdown Delivery Pivot Is Morphing Into a New Business

(Bloomberg) — Russian technology firm Yandex NV found an opportunity at the height of the pandemic — repurposing its army of ride-hailing drivers to provide deliveries in a country where logistics options are scarce. The venture was a success and the company will make its pivot permanent.

Yandex, which also operates the nation’s largest internet search engine, is targeting 1 million daily deliveries in the near future, Daniil Shuleyko, head of the Yandex.Taxi unit, said in an interview.

Unlike in the U.S. or U.K., Russian retailers’ delivery operations were very limited when the pandemic shut down storefronts earlier this year. For example Dixy Group, one the country’s biggest grocery store chains, didn’t have its own service to transport goods to customers, and had only just started to experiment with third-party providers when the pandemic hit.

“The coronavirus has accelerated Russian consumers’ transition to online shopping, and more of them now

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To His Own Surprise, Crypto Volume Pumper’s Business Is Still Thriving

Eleven months ago, Alexey Andryunin was sure his business was not long for this world. 

A 22-year-old math student from Moscow, Andryunin built a business inflating trade volumes in little-known crypto tokens issued during the 2017 initial coin offering (ICO) craze. In a head-turning interview CoinDesk published last July, Andryunin candidly described the underworld of micro-cap tokens and exchanges surviving on artificial volumes ginned up by paid “market makers” (a traditional finance term used loosely in this context.)

At the time, Andryunin thought his business was heading to a decline: ICOs were moribund, the token market was shrinking and a new wave of regulatory attention was about to scour the shadier corners of the crypto space. 

Related: Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets

He now says he was mistaken. Business is growing again as token promoters pay him to pump their projects so they’ll be accepted

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