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Behind the Money: Missing out on the US small business rescue

Behind the Money is a podcast from the Financial Times that takes listeners inside the business and financial stories of the moment, with reporting from FT journalists around the world. You can find Behind the Money wherever you get your podcasts, including FT.com/behindthemoney.


The Trump administration’s small business bailout programme has been plagued by problems from the start, with complaints that large companies crowded out the kinds of small enterprises and independent contractors it was designed to help. With a fresh round of funding on offer from Washington, we hear from several business owners trying to get their share, as well as the FT’s Laura Noonan who has been reporting on the programme since it launched. 

 

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Mary Portas: The cull of retail businesses spells the end for mediocre malls

Too many big brands have been coasting for too long




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Can Congress save US small businesses? FT reporters answer your questions

Laura Noonan and Lauren Fedor respond to your queries on the state of SBA rescue funds




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Chekhov on the small screen

How best to celebrate Chekhov's 150th anniversary? Sky Arts 2 have chosen to mark the occasion with "chekhov: comedy shorts" - four one-act plays transposed to the small screen, with a cast of well-known comedians including Johnny Vegas and Steve Coogan. But do they make good television? In this week's arts podcast, Neville Hawcock, the FT's deputy arts editor, talks to the paper's theatre critic, Sarah Hemming, and television columnist, John Lloyd, about the venture.  


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Small businesses are not ‘all in it together’

Readers say they fall between the cracks of government support schemes




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Coronavirus fallout deals small US companies a double blow

Small-cap stocks underperformed large-caps throughout the bear market and rally




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US small-caps rebound as equity rally broadens

Smaller companies in ‘epic rally’ on optimism over coronavirus and policy support




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Nigeria ratifies finance law in boost for small business

Legislation cuts taxes for some enterprises while increasing VAT




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UK watchdog orders insurers to pay small business claims quickly

FCA warns failure to act could count against provider’s regulatory record




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Small caps: Group NBT surges on Hg offer




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Coronavirus: Small business loan scheme capped for US banks — as it happened

In today’s news: UK warns it would be ‘irresponsible’ to discuss easing lockdown. Spain sets out plan to lift its own tough measures. Donald Trump signals a halt to his daily media briefings as US death toll accelerates.

Read more




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Countingup scores £4M bridge round for its small business banking and accounting app

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]




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UK Budget sides with small businesses, with a caveat

The chancellor need beware that policies introduced in a crisis are hard to end later




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UK says ‘small number’ of Turkish gowns failed PPE checks

Government clarifies report that 400,000 garments were unusable




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Townsquared Raises $5.3M To Expand A Nextdoor-Like Experience For Local Retail, Small Businesses

Even though Rohit Prakash was a dual MD and PhD researching optogenetics at Stanford University, his entrepreneurial itch kept returning him to his family’s small business roots. He and his co-founder Nipul Patel began researching the travails of small business owners, interviewing countless entrepreneurs, trying to figure out what their risks were or what caused […]




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PayPal, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program, which provides aid in the form […]




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Small Business can unlock big growth with the internet: PwC & Google report - 17 Aug

Australian small businesses can unlock an additional $49.2 billion in output over the next ten years by making better use of existing technology, PwC analysis commissioned by Google released today shows.




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Countingup scores £4M bridge round for its small business banking and accounting app

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]




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Should I Return My Small-Business Loan?

It's a good question. And with the SBA PPP deadline looming, we sought out an expert to answer it.




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Louis Smith, 29, formally announces his retirement from gymnastics

The 29-year old had hoped to feature at the 2020 Olympics in Tokyo, but has since conceded he stands little chance of returning to the Pommel Horse that helped win him an array of medals.




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Barcelona 5-2 Mallorca: Hat-trick for Ballon d'Or winner Lionel Messi as Barca reclaim La Liga lead

Lionel Messi eclipsed Cristiano Ronaldo's record of 34 La Liga hat-tricks on a night when Luis Suarez and Antoine Griezmann were also on the scoresheet against Mallorca at the Nou Camp.




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Luis Suarez lauded for outrageous backheel goal in Barcelona's rout of Mallorca

Luiz Suarez scored an outrageous 'once-in-a-century' goal to help Barcelona down Mallorca on Saturday night. The forward produced an audacious back-heeled finish in the 5-2 win.




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Coronavirus: Scotland could soon allow small gatherings

Nicola Sturgeon today suggested people in Scotland could soon be allowed to meet a small 'bubble' of friends or family outside of their households under plans to ease the coronavirus lockdown.




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Jim Mallinder lands blow to RFU after leaving to take up role with Scotland

The 53-year-old had been working with the Rugby Football Union on youth development, but has now accepted a role north of the border. He had been considered to replace Eddie Jones as coach.




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Inside luxurious life of Jinkee Pacquiao after meeting husband Manny in mall aged 20

Jinkee Pacquiao, 40, is a socialite, politician and wife of record-breaking Filipino boxer Manny Pacquiao. FEMAIL looks at their remarkable love story and the lavish life they lead today.




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Lana Del Rey reveals she bought her silver dress at a MALL just before the Grammys

'I had another dress and then my boyfriend and I were getting a belt for him at the mall and I saw this and I loved it, so this is a last-minute dress. But I love it!' she told Entertainment Tonight/




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Lana Del Rey's silver Grammy dress has already sold out after she revealed she bought it at the MALL

Her nostalgic style has always evoked a bygone era, and fans have never been able to get enough. Lana Del Rey's Grammy gown has already sold out after she revealed she got it at a local mall.




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Rafael Nadal honeymoons for ONE day and focuses on tennis after marrying Xisca Perello in Mallorca

MIKE DICKSON IN PARIS: Rafael Nadal is already assured of returning to the world No 1 spot next week, but that did not stop him restricting his honeymoon to just one day.




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Brendan Cole reveals he's stuck at his Mallorcan holiday home amid Spain's coronavirus lockdown

As Spain extended their coronavirus lockdown until April 26, the ex-Strictly pro, 43, made the best of the country's shutdown by cooking up a storm in the back garden of his lavish property on Saturday.




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Greed of the elite is like a boa constrictor that squeezes the life out of England's small clubs

OLIVER HOLT: Andy Holt, the owner of Accrington Stanley has accused big clubs of being like a boa constrictor, squeezing the life out of the teams in the lower leagues of English football.




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HOT OR NOT: Radamel Falcao scores twice for Colombia and Manny Pacquiao spends a small fortune on anti-inflammatory cream

It's Hot or Not time again as Riath Al-Samarrai reveals what's been making him feel warm this week and what's been leaving him cold inside.




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Chris Smalling eyes spot in England Euro 2020 squad and hints at Manchester United exit for Roma

Chris Smalling has outlined his desire to win a place in Gareth Southgate's England squad, despite not having been capped for his country since 2017.




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Jermall Charlo issues warning to Canelo Alvarez as he trains with twin brother Jermell

Alongside his twin brother Jermell at a public workout, the 28-year-old showed he is in peak physical condition as he prepares to face fighter Willie Monroe Jr in New York on Saturday.




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Boy, 16, arrested for 'raping two women in brutal attack that rattled small Arizona community'

A teenager from Scottsdale, Arizona has been arrested for allegedly raping two women, including a neighbor who lives in his apartment building. DNA evidence linked the 16-year-old boy to the assaults, which happened one week apart on Oct. 18 and Oct. 24, police said.




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Boy, 16, arrested for 'raping two women in brutal attacks that have shaken small Arizona community'

A teenager from Scottsdale, Arizona has been arrested for allegedly raping two women, including a neighbor who lives in his apartment building. DNA evidence linked the 16-year-old boy to the assaults, which happened one week apart on Oct. 18 and Oct. 24, police said.




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Mallorca's hotel industry plans to welcome foreign tourists from July

Germans and Austrians will be among the first allowed back to the holiday hot spot before Britons, as hoteliers enter into discussions with German tourist companies.




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Mallorca 4-1 Valencia: Relegation strugglers thump European hopefuls to boost their survival hopes 

MALLORCA 4-1 VALENCIA: The unfancied home side welcomed the European hopefuls needing a big boost, with the team still stuck in the relegation zone after just one win in seven games.




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So much for small talk! Jeremy Corbyn's silent treatment for Boris Johnson ahead of Queen's Speech

The State Opening of Parliament saw Boris Johnson and Jeremy Corbyn engage in one of the newer political traditions today - the awkward silent walk to the Lords.




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Brawls break out in malls across US as last minute shoppers try to score a deal on Super Saturday

American shoppers spent a record $34.4billion on Super Saturday, the biggest single day in American retail history, but the weekend was marred by violent incidents at several locations.




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WHAT BOOK would TV presenter Timmy Mallett take to a desert island? 

Timmy Mallett is currently reading Peace In War by Edward Seago, The TV presenter said he would take The Secret Footballer series to a desert island.




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Southampton starlet Will Smallbone on following in Gareth Bale and James Ward-Prowse's footsteps

EXCLUSIVE BY ADRIAN KAJUMBA: The latest graduate of Southampton's famed academy, Will Smallbone will not forget 2020 in a hurry after his dream, goal-scoring full debut in the FA Cup.




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Madonna, 61, declares she's 'never been with a guy with a small d**k' during Madame X show

The x-rated jokes came thick and fast from Madonna as she kicked off her London dates at the Palladium this week.




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Gigi Hadid, Adriana Lima, Joan Smalls and Irina Shayk in Max Mara campaign

The four women came together to model the new Spring/Summer 2020 collection for the Italian brand.




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Home and Away star Zac Drayson keyed a woman's car at a Sydney mall when she took his parking spot

Zac Drayson, 37, who played Will Smith on the long-running soap, was searching for a park at Sydney's Westfield mall at Bondi Junction on September 28, 2019.




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Jada Pinkett Smith posts a makeup-free selfie to Instagram, revealing one eye is 'wayyyyy smaller'

Jada Pinkett Smith appeared to be feeling stir crazy in confinement on Friday, when she drew attention to an asymmetrical feature via a selfie on Instagram.




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Kym Marsh gears up for a return to the small screen as she will host an episode of The One Show

The former Coronation Street star, 43, will join Alex on the BBC show on March 20, after Matt confirmed he was leaving the show after nine years at the end of last year.




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Goa formally declared green zone, says CM

The war against COVID-19 is far from over, Chief Minister Pramod Sawant said on Friday, soon after the central government formally declared both districts of Goa as COVID-free green zones."With the efforts of our #CoronaWarriors and support of the people of Goa, our state has now been classified as a green zone by the Govt of India. The war against COVID-19 is far from over," Sawant tweeted.Sawant also called for a modification in lifestyle and prioritising safe distancing as a way of life to stay safe amid the menacing pandemic."We must continue our fight against this virus by adopting a modified lifestyle which gives priority to safe health norms such as sanitization, wearing of face covers, social distancing and staying at home during the lockdown period," Sawant said.Goa had registered




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India's small savers parked over a $1.5 billion in pension schemes spooked by the stock market carnage in April

India's National Pension System (NPS) has bucked the downtrend triggered by Covid-19 outbreak and the subsequent nationwide lockdown to contain it. During the first three weeks of April, the scheme along with the Atal Pension Yojana (APY) has seen an upsurge in new enrolments and an increase in assets under management (AUM) of these programmes.ALSO WATCH: The CEO of mutual fund house explains how to invest your savings in the post-coronavirus world In financial parlance, NPS and APY are Central government backed schemes which are administered by Pension Fund Regulatory and Development Authority (PFRDA). The PFRDA is the statutory authority established by an enactment of the Parliament, to regulate, promote and ensure orderly growth of the NPS and the pension schemes to which this Act applies.75468072The




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ICICI Bank’s earnings on May 9 will reveal the level of economic damage caused by COVID-19 at the level of small borrowers

ICICI Bank is scheduled to announce its fourth-quarter results on May 9.It's share price inreased by over 2% today morning during early trade.The private sector bank’s retail-focused lending puts it at higher risk of bad loans due to the effects of the coronavirus lockdown than its counterparts.Last quarter, ICICI Bank managed to post a profit of 158% and its provisions were down by 58%.ICICI Bank is set to post its fourth-quarter results on May 9 and the outlook seems grim with the banking sector bearing the brunt of the coronavirus pandemic. “Banking is the first sector to get hit and the last one to recover. We’re already in a phase of credit issues,” Siddarth Purohit, a banking analyst with Angel Broking, told Business Insider.ICICI Bank is one of top ten stocks to buy, according to Maquarie,




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Oklahoma is beginning to reopen today. Its small business owners are struggling to choose between their financial and personal health.

Oklahoma begins a multi-phase reopening of state businesses on Friday.Small business owners are feeling the pressure of unpaid bills — and the risk of infection — as they await government loans and support funds."Everyone is cautious about opening," one small business owner told Business Insider.Another said: "I want to go back to work tomorrow. I'm tired of this."Visit Business Insider's homepage for more stories.Small-business owner Sandra Dickson faces a seemingly impossible choice.A massage therapist in Oklahoma City, Oklahoma, Dickson is among the 20.6% of Americans who are jobless. She opened a beauty and wellness spa just weeks before the coronavirus pandemic. It's been shut down for at least as long as it was open. In that time, Dickson has "received no income," she told Business Insider.