Small businesses in the United States are going through hard times, struggling to generate revenue and in poor financial condition after more than two years since the COVID-19 pandemic broke out, reveals a report jointly published by 12 Federal Banks. “Many small businesses have not recovered to pre-pandemic levels, in terms of both revenue and…

The Australian federal government is preparing to expand its financial support measures for New South Wales (NSW) as cases in Sydney reached over 100 today. Prime Minister Scott Morrison and Treasurer Josh Frydenberg discussed how to broaden the federal government’s financial assistance with their NSW counterparts in a call over the weekend after small businesses in…

WASHINGTON—The long-awaited nearly $900 billion U.S. pandemic aid package will help banks by boosting borrowers’ finances, easing a key small-business lending program’s rules and by granting accounting relief on deferred loan payments, lobbyists and analysts said. After months of partisan wrangling, the U.S. Congress over the weekend struck a deal on another pandemic aid package,…