Coronavirus: Where the state wants control over airlines Singapore Airlines now Singa-poor? Earlier this month, Singapore Airlines announced its first-ever annual loss in its 48-year history after grounding most of its fleet due to the pandemic-caused lockdowns. The carrier is already majority-owned by the government investment and holding company Temasek, which holds well over 50% of voting stock. The government has always stressed its non-involvement in the management of the airline. … [Read more...] about Opinion: Lufthansa bailout shows Germany has learned nothing from the pandemic
Do subsidized loans have to be paid back
Singapore has reported 33,860 confirmed cases, most of which are foreign workers living in crowded dormitories. With cases outside of these residences staying under control, Singapore is set to end a two-month lockdown on Monday. Chinahas reported four new cases of the virus — all imported. The country, where the virus was first detected late last year, has brought the situation under relative control since its initial outbreak, with 84,123 confirmed cases and 4,638 deaths. … [Read more...] about Coronavirus latest: Angela Merkel says Germany has ‘passed’ COVID-19 test so far
9. Fifa do have teeth For all the bad press, when something really bad happened – something disgusting – Fifa didn’t hold back. They fined Argentina £200,000 for breaching press conference regulations – failing to provide a player to give quotes “on three consecutive occasions”. Luis Suárez, meanwhile, was fined £96,000. But Suárez’s four-month ban did represent an unexpectedly heavy hit - a bit “fascist”, reckoned the Uruguay president José Mujica, who called it “an assault on the poor” driven by “Fifa’s bunch of old sons of bitches”. Meanwhile, Pepe was fined £10,000 for a headbutt, Alex Song £13,000 for an elbow chop, and Algeria £32,000 for fans using lasers. None of the 12 complaints made about racist, homophobic or far-right chants or banners led to any Fifa action. … [Read more...] about World Cup 2014: 11 things the tournament taught us
Income-tax deferrals: Self-assessment income tax payments, that were due in July, can be deferred to the end of January next year. Rent support: Businesses who are struggling to pay their rents are protected from eviction until the end of June. Coronavirus business interruption loan scheme: SMEs can get loans and overdrafts of up to £5million for up to six years and the government will guarantee up to 80 per of these. Grants of up to £10,000: Small firms can get grants of up to £10,000 to help with ongoing business costs. VAT payments: VAT payments can be deferred for three months. Tax bill help: SMEs that cannot afford their tax bills can ask HMRC for a “time to pay” arrangement so any debt collection is suspended. Business rates holiday: A 12-month business rates holiday has been introduced for many businesses. Most read in Money … [Read more...] about Is the self-employed government grant scheme going to get extended like furlough to October?
However, in a 50-page document outlining measures to relax coronavirus restrictions, the British government said it is looking into "permitting cultural and sporting events to take place behind closed-doors for broadcast, while avoiding the risk of large-scale social contact." The measure is part of "step two" of a three-step plan to reopen the country, one that will kick in on June 1 providing a number of criteria are met. … [Read more...] about Coronavirus and sports: F1 to return in July