Dive Brief: PepsiCo’s Mountain Dew brand debuted a new campaign and sweepstakes on July 15 to support consumers embracing the great outdoors called “Out Here. It’s DEW,” according to a press release. A $100,000 Mtn Dew Outdoor Stimulus program will pay for 2020 hunting and fishing permits in the heartland, a term […]
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Abe’s barrel-chested stimulus package lacks leg power
TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]
Abe’s barrel-chested stimulus package doesn’t have legs
TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]
Trump’s coronavirus stimulus package tests credibility of dollar
NEW YORK/TOKYO — The U.S. government is boosting fiscal spending to cope with the novel coronavirus pandemic, leading to deteriorating fiscal conditions, with the debt to gross domestic product ratio expected to exceed that during World War II. The Nikkei group calculated the theoretical value of currencies using statistics and interest rates, and found […]
Government’s rescue package is proving too difficult to open
Unprepared and understaffed, banking insiders admit they also made mistakes. One says customer emails were too complicated, and some staff hadn’t paid attention to the training. They told desperate small business owners that they had no idea such an initiative existed. The scheme also required the banks to exhaust their […]
Start-up rescue package expected within days as loan scheme criticism mounts
According to lobby group UK Finance, £1.1bn in lifeline loans have been paid out under the emergency loans scheme. But only 2pc of queries have been successful, with just 6,000 loans agreed out of 300,000 expressions of interest. Tej Parikh, chief economist of the Institute of Directors, said the money is not […]
Treasury readies rescue package for startups
The Treasury is weighing up a rescue package for startups that could involved co-investing with private backers and beefing up support from the British Business Bank. The Government is understood to be readying a deal to help startups facing a funding crunch after being warned a “generation” of innovative businesses […]
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 […]