lifeline

Two million self-employed people thrown a lifeline but gaps in support remain

However he added that more should now be done to help those who are not eligible for a grant, such as the newly self-employed and directors of limited companies.

Adrian Beadnell, who has been receiving a government grant, said the news was a huge relief. The 64-year-old self-employed first aid trainer from North Yorkshire has been completely reliant on the £1,000 a month he has received from the scheme, as he has had no other income since he ran his last course in mid-March.

Mr Beadnell said he did not expect companies to start booking first aid courses until October

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Fintech startups throw financial lifeline to Philippines’ unbanked

MANILA — As the Southeast Asian digital economy expands beyond online shopping, a host of startups are using financial technology to give the unbanked Filipino majority access to loans from individual and institutional lenders.

The province of Nueva Ecija, to the north of Manila, is known as the granary of the Philippines. Peer-to-peer lending platform Cropital is working hard to connect farmers there in need of financing to potential lenders.

Cropital interviews each farmer to determine ability to repay. Those who pass screening are listed on the platform and can receive seeds, fertilizer and cash from willing lenders. After harvest,

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Formula One team Williams wins lifeline from Canadian food tycoon

The beleaguered Williams Formula One team has been thrown a lifeline by Canadian food processing tycoon Michael Latifi who has handed it a high-octane loan secured on its cars and factory in Oxfordshire.

Williams is one of the few F1 teams that is not owned by a billionaire or a car manufacturer. It is floated on Frankfurt’s junior exchange with 52.3pc owned by its boss Sir Frank Williams. He founded it in 1977 and it went on to become F1’s second-most successful team winning titles with British superstars Nigel Mansell and Damon Hill.

However, its performance has reversed in recent

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Bangladesh seeks IMF lifeline after record stimulus package

DHAKA — Bangladesh is seeking $700 million in financial backing from the International Monetary Fund after rolling out its biggest-ever stimulus package. The government hopes the move will prevent the coronavirus pandemic from ravaging its trademark macroeconomic stability.

“We are currently assessing the government’s request to the IMF for emergency financing,” Ragnar Gudmundsson, the fund’s representative in Dhaka, told the Nikkei Asian Review.

The plea coincides with Prime Minister Sheikh Hasina’s announcement on Sunday of a $9 billion stimulus package, equal to 2.5% of gross domestic product, aimed at cushioning the economic blow from the lockdown induced by the coronavirus

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