Investment

Exide Industries develops solutions for hybrid and electric vehicles

Manufacturer of lead-acid batteries Exide Industries Ltd is focusing on innovations for emerging applications such as hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion joint venture has been formed and is well positioned with an assembly line with a capacity of 1.5 GWh, he said. “The company is developing advanced lead-acid […]

Investment

Little Rock transfers funds from business loans to ease rent and utility bills for residents

In April, the city of Little Rock announced it would provide $ 500,000 in forgivable loans to struggling small businesses during the pandemic, but city officials now plan to reallocate half of that federal funds to residents who have struggling to pay their rent and utilities. The program called the Small Business Emergency Assistance Program […]

Investment

Sports Direct chief Mike Ashley accused of playing games on loan to save Philip Green’s Arcadia

£ 50million ‘provocation’: Sports Direct chief Mike Ashley accused of playing games over extraordinary loan offer to save Philip Green’s Arcadia Sir Philip’s Arcadia group set to call directors tomorrow morning This jeopardizes the future of 500 Arcadia stores and 13,000 jobs Sports Direct and House of Fraser owner Mr. Ashley have offered an ‘emergency […]

Investment

Tweets from Texas Republicans mocking California power outages resurface amid power crisis

Top line After a Winter storm crippled Texas power grid, leaving millions of residents without power in unusually cold temperatures for the season, Republican politicians in the state have come under scrutiny for their tweets mocking a similar crisis in California the year last. WASHINGTON, DC – FEBRUARY 13: Senator Ted Cruz (R-TX) speaks to […]

Investment

Trump orders $ 400 weekly unemployment benefits amid COVID crisis, hits Democrats for blocking

Trump signs coronavirus relief executive orders President Trump signs coronavirus relief orders that include a payroll tax holiday, protects people from deportation, provides an additional $ 400 per week in expanded unemployment benefits, and suspends student loan payments as stimulus talks stalled on Capitol Hill. President Trump on Saturday signed four executive measures aimed at […]

Investment

Maine Revenue issues additional COVID-19 income and sales tax guidance

On February 12, 2021, Maine Revenue Services (MRS) issued a tax alert with additional tax advice for taxpayers affected by the COVID-19 pandemic. Maine Income Tax on COVID-19 Relief Unemployment benefits, federal and state grants, and loan forgiveness are taxable in Maine to the extent that they are included in Federal Adjusted Gross Income and […]

Investment

The State undertakes to deploy the third phase of the co-payment system

The government is committed to rolling out the third phase of the co-payment subsidy scheme, possibly in the third quarter, but must first address gaps in the scheme that are open to fraud and reassess the scheme’s effectiveness in stimulating spending and the economy in general. Finance Minister Arkhom Termpittayapaisith said that before the start […]