PYMNTS

FEBRUARY 12, 2020

The annual event generally brings 100,000 visitors to Barcelona, and its sudden cancellation will reportedly cost the Spanish economy roughly $500 million. MWC is the latest bite that COVID-19 has taken out of the global economy, but it isn’t the first and, more likely than not, will not be the last. 24 through Feb.

Economy 57

Economy Small Business On-Demand Shutdown 57

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Over the last two weeks, consumers have added 47 days to how long they think it will take for them to return to normal, and when they think the economy will truly reopen. Most aren’t in much of a rush. percent from 35.5

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

NOVEMBER 2, 2020

Schools and universities will be allowed to continue to operate, but all bars and restaurants must close except for takeout and delivery. Concerns are growing that given the international surge in cases, shutdowns starting up in the U.K. The current U.K. lockdown is somewhat less strict than its counterpart in March.

Shutdown 52

Shutdown Consumer Governance Government 52

PYMNTS

JULY 15, 2020

will likely dampen the economy as well, Reuters reported. Brainard said the economy’s apparent well-being in June was mostly artificial, stemming from the efforts from the government such as the CARES Act to keep the economy afloat during the lockdown period. Harker said the impact could be twofold in its damage.

Federal Reserve 73

Federal Reserve Shutdown Economy Fed 73

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

Economy 48

Economy Push-to-Card Shutdown Governance 48

PYMNTS

MAY 8, 2020

For the last several weeks speculation has run rampant on what the real effects of the COVID-19 pandemic and resultant shutdown would end up being by the numbers when the Q1 earnings officially hit the wires. This is what was going before the pandemic, and we think that acceleration is going to continue far past it,” Benson said.

Economy 75

Economy PayPal Payments Push-to-Card 75

PYMNTS

NOVEMBER 30, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. We continue to support aggressive steps to protect the nation’s public health.

Shutdown 112

Shutdown NOV Adjustments Rules 112

PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

Consumer 111

Consumer Shutdown Risk Economy 111

PYMNTS

DECEMBER 23, 2020

Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic. China’s economy returned to growth in the second quarter and is now the only leading economy to show significant growth in 2020, with GDP growing 0.7%

Economy 69

Economy Returns Shutdown Small Business 69

PYMNTS

AUGUST 17, 2020

Uber says it will continue operating food delivery business Uber Eats in California even if its main ridesharing business is forced to shut down on Friday (Aug. The pandemic has seen more widespread use of Uber Eats, as people have had to stay inside due to shutdown orders and the general fear of contracting the coronavirus.

Shutdown 67

Shutdown Economy Laws Addressing 67

PYMNTS

DECEMBER 27, 2018

27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown in 2019. economy still showing signs of strength.

Central Bank 76

Central Bank Small Business Shutdown Economy 76

PYMNTS

JULY 2, 2020

economy added a record 4.8 These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it,” the Bureau of Labor Statistics said in releasing the numbers. economy to add 2.9 economy to add 2.9

Economy 56

Economy Shutdown Continuity Posting 56

PYMNTS

MARCH 8, 2020

If the outbreak continues to keep workers at home, investors said things could get worse. Parts of China’s economy, where the virus was first widely reported, have experienced a shutdown, creating issues for U.S.-based as the virus continues its spread. based companies that use China’s production and consumption chains.

Shutdown 52

Shutdown Economy Treasury Continuity 52

PYMNTS

AUGUST 31, 2020

India’s gross domestic product (GDP) fell by 24 percent in the second quarter (Q2) as the pandemic took its toll on the nation’s economy, according to a press release from the Ministry of Statistics & Programme Implementation (MOSPI). In May, India announced a $266 billion stimulus package to help taxpayers and businesses.

Economy 60

Economy Shutdown Governance Government 60

PYMNTS

FEBRUARY 6, 2019

trillion, despite threats from a trade war with China and the recent government shutdown. “We We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. The biggest priority is to ensure that our economy continues to grow and to avoid self-inflicted wounds.

Shutdown 46

Shutdown Economy Consumer Governance 46

PYMNTS

APRIL 15, 2020

According to Gallagher, the Coronavirus Aid, Relief and Economic Security (CARES) Act, passed for $2 trillion in aid to various parts of the economy, didn’t impose any restrictions on how banks could act in processing the loans, and Congress didn’t rule that businesses could bring civil suits against lenders over those processes.

Shutdown 89

Shutdown Rules Process Addressing 89

PYMNTS

NOVEMBER 3, 2020

The shutdowns are on in the European Union as COVID-19 cases rise and local leaders work overtime to bend back the curve because their hospital ICU beds are outstripped by the exploding number of new cases. Schools and universities will be allowed to continue to operate, but all bars and restaurants must close except for takeout and delivery.

Shutdown 58

Shutdown Consumer Use Case Wires 58

PYMNTS

JUNE 26, 2020

With the new venture, the money will go toward hopefully offsetting some of the financial damage incurred by firms after the shutdowns imposed by most governments, intent on slowing the spread of the highly infectious virus. As in the U.S. But Cuaca preferred an optimistic outlook. “It

Shutdown 56

Shutdown Economy Governance Government 56

PYMNTS

NOVEMBER 3, 2020

But, as Jhina told PYMNTS in a recent interview, success not only means moving the needle in B2B eCommerce adoption, but also in digitizing India's largely-cash economy. While India is one of the world's largest economies, many industries in the country continue to rely on legacy infrastructure to operate.

B2C 84

B2C B2B Payments Economy 84

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. The trends toward modernizing the banking system were only accelerated by lockdowns and shutdowns of brick-and-mortar locations. “If Moving into the Digital Age .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

PYMNTS

NOVEMBER 1, 2020

Apple Chief Financial Officer Luca Maestri said the reason was “the continued uncertainty around the world in the near term.”. Germany and France have enacted significant shutdowns expected to last about a month. data released Friday indicated the economy recovered more strongly than many experts had predicted. In the U.S.,

Shutdown 67

Shutdown NOV Economy Rules 67

PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. Congress must once again act urgently to support our most vulnerable small businesses through this crisis, so our economy can recover as quickly as possible after the pandemic.”.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

AUGUST 16, 2020

million in a funding round, which it intends to go toward continuing the company’s work in automating processes and boosting cash management, according to a press release. Cash flow is even more critical now, as the pandemic and shutdowns have disrupted supply chains worldwide.

Finance 79

Finance B2B Shutdown Automation 79

PYMNTS

JANUARY 23, 2019

With the partial shutdown in the Federal government now in its 33rd day, furloughed workers are freelancing with Uber, the ride-hailing company, to shore up cash. With about 800,000 government workers about to miss their second paycheck since the shutdown began, struggling workers are turning to different services to survive.

Governance 46

Governance Government Shutdown Continuity 46

PYMNTS

JULY 19, 2020

As the virus has reemerged leading to business shutdowns for a second time, furloughs are becoming permanent, and production has been put off. We cannot defy gravity and continue with the business model we had before the pandemic,” Pret A Manger CEO Pano Christou told the newspaper. economy won’t be an easy one.

Federal Reserve 70

Federal Reserve Shutdown Economy On-Demand 70

PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

Small Business 126

Small Business Shutdown Point-of-Sale (POS) Contactless Payments 126

PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. Data shows that stores are closing or filing for bankruptcy this year at a faster pace than in 2018.

Shutdown 54

Shutdown Economy Continuity Governance 54

PYMNTS

NOVEMBER 29, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. We continue to support aggressive steps to protect the nation’s public health.

Shutdown 53

Shutdown NOV Adjustments Rules 53

PYMNTS

SEPTEMBER 7, 2020

“These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the COVID-19 pandemic and efforts to contain it,” the BLS said in its report. is roughly six months into a global pandemic (as declared in March by the World Health Organization).

Shutdown 64

Shutdown Small Business Economy Payroll 64

PYMNTS

SEPTEMBER 30, 2020

job market continued to slowly recover in September, although small businesses reported only small gains. The labor market continues to recover gradually,” said Ahu Yildirmaz , vice president and co-head of the ADP Research Institute. “In However, small businesses continued to demonstrate slower growth.”. economy added 1.4

Small Business 52

Small Business Shutdown Economy Continuity 52

PYMNTS

MAY 28, 2020

The stakes are high for Vegas, whose economy is geared to the leisure and hospitality industry — tourism, shows, restaurants, hotels and the like. We continue to see a consistent and sustainable downward trajectory of percentage of positive Covid-19 cases and a decrease in the trend of Covid-19 hospitalizations,” Sisolak said.

Shutdown 52

Shutdown Economy Returns Risk 52

PYMNTS

MAY 6, 2019

The news came in the company’s annual report, as it had announced last year that it was doing the voluntary shutdown at some point. The company did say it was going to continue to operate a consulting business in the country, which wouldn’t require a license. The bank’s Russian arm said in the report that sanctions from the U.S.

Shutdown 43

Shutdown Central Bank Privacy Consulting 43

PYMNTS

MAY 18, 2020

In New York City, Broadway’s shutdown portends a series of ripple effects, all of them massive headwinds for travel and tourism — specifically hotels, restaurants and airlines. Thomas Schumacher, president and producer of Disney Theatrical Productions, blamed the closing on the “industrywide shutdown and resulting economic fallout.”.

Shutdown 57

Shutdown Returns Product Economy 57

PYMNTS

AUGUST 7, 2020

“We believe the long-term outlook continues to favor our strategic footprint and asset mix,” said CEO Steven Grimes. So that continues to be the large majority of the population. Company executives warned about the effect of potential secondary shutdowns, especially in states where the virus is seeing a resurgence.

Shutdown 73

Shutdown Continuity Authorization Addressing 73

PYMNTS

APRIL 27, 2020

The economy is expected to take a hit, and we’ll see the effects into the second quarter as supply chains continue to catch up.”. Factory shutdowns and stay-at-home orders have disrupted manufacturing and production, with ramifications reverberating throughout global supply chains. We do know it will be challenging.

Shutdown 52

Shutdown Payments Volume On-Demand 52

PYMNTS

JUNE 16, 2019

points to 105 in May, surpassing pre-shutdown levels. The small business half of the economy is leading the way, taking advantage of lower taxes and fewer regulations, and reinvesting in their businesses, their employees, and the economy as a whole.”. New data showed that small business optimism rose 1.5

Small Business 41

Small Business Shutdown Economy Volume 41

PYMNTS

APRIL 23, 2020

The coronavirus pandemic continues to rock the country, as another 4.43 More than 22 million jobs have been lost in the month since the pandemic began, as governments and businesses have been forced to enact shutdowns and stay-at-home orders, negating gains in the job market made since the Great Recession.

Shutdown 56

Shutdown Adjustments Governance Government 56