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Gov’t Shutdown Costs Creep To $11B

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A new report says that the government shutdown has cost the country about $11 billion in gross domestic product, and will impact the United States’ economic growth for the rest of the year. Earlier this month, Federal Reserve Chairman Jay Powell warned that an extended government shutdown could be damaging to the U.S.

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Hacker Prompts Shutdown Of ECB Website

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The attack, which dates back to at least December of 2018, was not discovered for months. However, the ECB said malware had been maliciously placed on the server hosting site and that the personal information of subscribers may have been stolen. It was discovered during routine maintenance work.

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China Likely To See More P2P Shutdowns This Year

PYMNTS

Gansu, Hebei, Hunan, Chongqing and Sichuan were among Chinese provinces ordering a total shutdown of P2P lending in 2019. billion) in 2018, the report said. billion) in 2018, the report said. Stronger regulatory rules compelled P2P services to plunge to 343 last year compared to 2,680 in 2016. billion yuan (US$70.4

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Reliant Funding Launches SBA Loan Service Amid Government Shutdown

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.” Reliant Funding’s new service comes in the middle of a lengthy government shutdown that has closed the Small Business Administration and caused a drop in SBA loan approvals, according to data published by Biz2credit on Tuesday (Jan. The government shutdown really has begun to hurt small companies in search of capital.”

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Former Saks CEO On Retail’s Big 2018 Holiday Jump

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There is a decent chance that the 2018 holiday season will be remembered as a time when it became much more clear that survival in the cutthroat pursuit of commerce depends on the stories one can tell about a product or brand. But that’s not all. Stuff vs. Experience.

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JPMC Halts Non-PPP SMB Loans

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The loans will be forgiven for those who can prove they used the money to pay their employees during the shutdown. Among other top banks, Wells Fargo won its battle to lift the cap on its balance sheet (placed there in the wake of the fake account scandal from 2018), so it has resumed PPP operations as of Wednesday (April 8).

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eCommerce Helps Women Hard Hit By India?s Shutdowns

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The paper noted that from 2005 to 2018, female labor participation in India declined to 21 percent — one of the world’s lowest rates — from about 32 percent previously. To earn a living these workers often depend on public space and social interactions, which are now being restricted.”.