PYMNTS

OCTOBER 28, 2020

Switzerland reports about a third of intensive care units remain available for now, but they run the risk of filling up completely within the next 10 days if current infection rates persist, Andreas Stettbacher, a government delegate for the country’s Coordinated Medical Services, told Reuters. The Fear of More Economic Fallout.

Economy 71

Economy Shutdown Returns Government 71

PYMNTS

APRIL 5, 2020

economy since it shuttered about three weeks ago. The analysis looked at counties of all sizes and locations to get an idea of how the government shutdown is affecting the nation’s output. The analysis by Moody’s Analytics was done at the request of the WSJ and offers a deep dive into the U.S.

Economy 72

Economy Shutdown Government Governance 72

PYMNTS

MARCH 23, 2020

LendingTree Chief Economist Tendai Kapfidze said, according to Yahoo Finance , “We’re gonna have a shutdown in the housing market because people aren’t out there seeing the houses, and also because generally economic activity is contracting in almost every sector of the economy.”.

Shutdown 60

Shutdown Economy Government Governance 60

PYMNTS

JULY 30, 2020

economy contracted by almost a third (32.9 That’s the biggest drop in the gross domestic product since the government began tracking such data in 1947. economy shrank 5 percent in Q1.). i.e., how much the economy would shrink if conditions observed during Q2 carried on for a year. economy added a record 4.8

Economy 114

Economy Federal Reserve Government Governance 114

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.

Government 46

Government Governance Shutdown Continuity 46

PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

Shutdown 82

Shutdown Economy On-Demand Government 82

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

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

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 Ready for Digital Currencies? .

Interoperability 126

Interoperability Digital Currency Cross-Border Regulations 126

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

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

NOVEMBER 20, 2019

In today’s digital economy, clients must scale quickly into new markets to remain competitive,” said Citi Global Head, Payments and Receivables Manish Kohli in a statement. “At government shutdown as a key factor behind a corporate banking slowdown. The Financial Times reported in May that Citi had pointed to the U.S.

Cross-Border 83

Cross-Border Accounts Multi-Currency Reconciliation 83

PYMNTS

APRIL 22, 2019

there has been a bit of groundswell to curb the harm that such late payments may do to small businesses (SMBs) that work with the federal government. representatives introduced legislation that would mandate shorter timeframes for contractor work done for the government. However, in the U.S., Oh, Canada, Too.

Government 43

Government Governance Small Business Payments 43

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 Government 48

PYMNTS

JUNE 2, 2020

As a result, some local government have looked at instituting caps on the fees allowed, at least until pandemic shutdowns are eased. COVID-19 shutdowns have increased the demand for meal delivery, with many restaurants otherwise shuttered around the country. However, coronavirus shutdowns have damaged the economy.

Shutdown 56

Shutdown Regulations Caps Economy 56

PYMNTS

DECEMBER 20, 2020

The final blow, the Journal reports, may be the wave of government-imposed shutdowns as COVID-19 cases surge in many parts of the country. We’ve got to keep these things afloat because it’s important (not only) for the American economy but (also) the culture of our society and the micro-communities that we live in.”.

Shutdown 70

Shutdown Economy Government Governance 70

PYMNTS

JUNE 19, 2020

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.”. The lawmakers say the nation’s small businesses continue to struggle as the shutdown continues. “In In the House, U.S.

Small Business 91

Small Business Shutdown Underserved Treasury 91

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). Among the problems is a history of bad lending decisions and poor governance.

Economy 60

Economy Shutdown Government Governance 60

PYMNTS

JANUARY 8, 2021

In addition to navigating forced shutdowns and supply chain disruptions, business owners are now tasked with making some difficult decisions about how to keep their business alive, or whether to throw in the towel. There's no doubt that the small business community is facing a period of immense tribulation. Helping SMBs Help Themselves.

Finance 92

Finance Small Business Shutdown Credit Union 92

PYMNTS

JANUARY 21, 2019

Companies that want to go public during the first part of the year are hampered by a key roadblock: The month-long government shutdown has also shuttered the Securities and Exchange Commission (SEC), which usually works with companies for months before approving an IPO. For example, biotech companies Gossamer Bio, Inc.

Shutdown 59

Shutdown Legal Government Governance 59

PYMNTS

NOVEMBER 1, 2020

Germany and France have enacted significant shutdowns expected to last about a month. In Germany, the government will help businesses with fewer than 50 employees make up as much as three quarters of lost revenue and will help larger companies with assistance allowed under European Union rules. In the U.S.,

Shutdown 67

Shutdown NOV Economy Rules 67

PYMNTS

JUNE 24, 2020

The United States economy is steadily reemerging from the COVID-19 pandemic-induced shutdown. Governments around the world have launched stimulus programs aimed at supporting the payrolls of businesses forced to scale back or shutter operations during the pandemic. Around The Changing Payroll Landscape.

Payroll 94

Payroll Checks IRS Shutdown 94

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 Government 46

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 Government Governance 56

PYMNTS

APRIL 1, 2019

Consumers may have reigned in spending because there has been a delay in processing taxes due to the recent partial government shutdown. That shutdown lasted more than a month and the government is still catching up. The retail sales decline is just the latest signal that the economy could be slowing down.

Consumer 43

Consumer Tax Refunds Shutdown Economy 43

PYMNTS

AUGUST 3, 2020

The recent news of the GDP crash showed that the economy contracted 32.9 percent, the biggest drop since the government started recording that data in 1947. The crash was caused primarily by people staying at home since March due to the numerous nationwide shutdown orders during the pandemic.

Shutdown 60

Shutdown Economy Government Governance 60

PYMNTS

APRIL 16, 2019

Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” economy slow in the near future. Bank of America has demonstrated for years now that we can grow well in an economy that is just growing moderately,” he told reporters on a conference call.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

PYMNTS

MARCH 3, 2019

The moves began the early part of the first quarter by placing the economy on a path of weak growth, Reuters reported. But government payments to farmers, as well as a VMware Inc special dividend, had bolstered incomes in December. And, as government spending and the $1.5 economy slowed to an annual rate of 2.6

Consumer 43

Consumer Shutdown Economy Fed 43

PYMNTS

APRIL 2, 2020

In a virtual talk , “COVID-19 and the Economy,” Neel said policymakers must look to the past and “be less selective this time when deciding whom to help,” according to a report in CNBC. Kashkari said the government typically offers assistance to larger companies. Kashkari was the director of the U.S.

Fed 52

Fed Federal Reserve Small Business Shutdown 52

PYMNTS

JANUARY 29, 2019

Still, the AFP said the findings signal optimism despite unfavorable market conditions stemming from the government shutdown, trade disputes and a slowing global economy. Businesses built up their cash reserves throughout 2018, researchers found, and did so at a faster pace in Q4 2018 than they had done in the previous quarter.

AFP 46

AFP Shutdown Disputes Government 46

PYMNTS

JANUARY 15, 2019

At the same time, it was reported that companies and analysts might not know how the industry is faring as the government’s December retail sales report has been pushed back because of the government shutdown. And Hunter noted that, among other factors, retailers are having a harder time getting workers than before.

Federal Reserve 46

Federal Reserve Shutdown Economy Government 46

PYMNTS

SEPTEMBER 12, 2019

Other factors that have negatively impacted the retail market, according to the report, include tax reform’s after-effects, trade tariffs, January’s historic government shutdown and inclement weather that challenged some brick-and-mortar retailers in the first half of 2019.

Shutdown 54

Shutdown Economy Continuity Government 54

PYMNTS

MAY 7, 2020

Disney, for example, reported earlier this week that it has lost roughly $1 billion each day since the start of the shutdown. Schulman also called attention to PayPal’s critical work in distributing government stimulus funds to both consumers and businesses hit hard by the COVID-19 epidemic. “It billion from $4.13

PayPal 99

PayPal Transactions Process Venmo 99

PYMNTS

JANUARY 24, 2019

When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index , there are some familiar trends. percent of workers participate in the gig economy, and about two-thirds source their gigs via digital marketplaces. To say payments are a key competence point for marketplaces in the gig economy is a huge understatement.

Payments 69

Payments Economy Push-to-Card Instant Payments 69

PYMNTS

MAY 26, 2020

From May 15 to May 23, test samples were collected from more than nine million residents, as reported by China Central Television (CCTV), the government-owned television network, accounting for more than 80 percent of the city’s total population of 11 million. The city offered tests to more than 1.1 million residents on May 23 alone.

Shutdown 67

Shutdown On-Demand Economy Government 67

PYMNTS

APRIL 23, 2020

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 Government Governance 56

PYMNTS

APRIL 13, 2020

If the government lets all these companies go bankrupt and they do disgorge labor, the government is going to have to basically pay a lot of unemployment benefits,” Cooperman told CNBC Monday (April 13) on “ Fast Money Halftime Report. Cooperman’s remarks were in response to comments made last week on CNBC by Chamath Palihapitiya.

Advisors 60

Advisors Shutdown Governance Government 60