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Singapore Businesses Struggle To Get Paid Following Wirecard Shutdown

PYMNTS

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. . It also directed Wirecard to return customers’ funds by Oct.

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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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India’s Consumers Struggle To Overcome Virus Shutdown

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The shutdowns and fears of the virus caused India’s gross domestic product (GDP) to fall by around 20 percent in the quarter ending in June as opposed to last year. The shutdowns hit Indian women especially hard in the economic department, offsetting years of gains made for women in employment in the country.

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What To Make Of The Gradual Return Of The In-Office Workforce

PYMNTS

But the cable cars are still sitting still, and ridership on public transportation remains down by 90 percent because even given the option to return to their offices by the state, local tech and office workers aren’t exactly enthused to return. percent of workers have left home to return to the office nationally.

Returns 60
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Does The Merchant And Consumers' Disconnect On The Pandemic’s Length Signal Trouble?

PYMNTS

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. In fact, 39.3

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China Factory Shutdown Could Impact iPhone Shipments

PYMNTS

Foxconn told employees and clients in Hubei, the center of the coronavirus outbreak, not to return to factories. The tricky question is whether we will be able to resume production (on Feb. 10) … It’s up to the instructions given by central and provincial governments.”. 1 internal memo reviewed by Reuters.

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GoFundMe Crowdfunds For Furloughed Government Workers

PYMNTS

It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most recognizable crowdfunding companies is stepping in to help. I hope the shutdown ends soon. We hope this ends soon and your lives return to normal.”. This is not about politics.