Brazil Favelas Launch Bank Amid Economic Hit Of Pandemic

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The economic toll of the coronavirus pandemic has hit especially hard in Brazil’s favelas, but the country’s 10 biggest slums now have a plan to fight back: they are launching their own bank.

Dubbed the “G10 Bank,” the new financial institution is set to open later this month, offering micro-loans to small business owners struggling to survive the pandemic and debit cards to slum-dwellers excluded from the traditional banking system.

Brazil has the second-highest death toll worldwide in the pandemic, after the United States, with more than 225,000 people killed.

Elizandra Cerqueira, founder of the Bistro Mains de Marie restaurant,

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Former UK finance minister Osborne joins M&A bank Robey Warshaw

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FILE PHOTO: Former British finance minister George Osborne arrives at the Evening Standard offices to formally take up the role of editor of the newspaper in London, Britain, May 2, 2017. REUTERS/Hannah McKay

LONDON (Reuters) – Former British finance minister George Osborne has taken a top role at boutique investment bank Robey Warshaw, joining a long line of politicians to land lucrative roles in high finance.

Osborne was Chancellor of the Exchequer from 2010 to 2016 and a key lieutenant in David Cameron’s Conservative government, pushing through policies to reduce Britain’s deficit in an austerity drive that divided popular opinion.

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Welsh Rugby Union seek to renegotiate loan

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Steve Phillips was the Welsh Rugby Union’s group finance director before succeeding Martyn Phillips as chief executive

Chief executive Steve Phillips says the Welsh Rugby Union (WRU) are looking to renegotiate more favourable terms on their coronavirus support loan.

The WRU took out the loan in 2020 under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

The loan was to enable Wales’ four professional teams to avoid financial collapse during the pandemic.

Phillips says better terms will allow the regions to “not only consolidate but remain competitive”.

Welsh rugby has received a £13.5m grant from the Welsh government as part

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Ivanka Trump and Jared Kushner’s personal income slumps more than 20%

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Jared Kushner, Ivanka Trump posing for the camera: MailOnline logo

© Provided by Daily Mail
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Ivanka Trump and her husband Jared Kushner saw their personal income drop more than 20 percent during former President Donald Trump’s final year in office, according to a new report.


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The couple, dubbed ‘Javanka’, reported between $23.8 million to $120 million in income for 2020 in their financial disclosure forms as White House advisers.

That total marks a $36 million decrease on the up to $156 million the couple reported for the same period a year earlier, according to Bloomberg.  

Officials are only required to disclose the value of their

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US stocks close mixed as investors digest corporate earnings and stimulus progress

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  • US stocks closed mixed as investors digested corporate earnings and progress towards economic stimulus.
  • Alphabet and Amazon reported earnings on Tuesday evening that beat analyst forecasts and helped dictate index-wide trading on Wednesday.
  • President Biden reaffirmed his support for targeted $1,400 stimulus checks.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Major US stock indexes closed mixed on Wednesday as investors continued to digest fourth-quarter corporate earnings and progress on President Biden’s $1.9 trillion stimulus proposal.

Earnings from mega-cap titans Amazon and Alphabet exceeded analyst projections by a sizable amount, and Amazon

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Jazz Pharma to Buy GW Pharma for $7.2 Billion, Adding Cannabis-Based Drug to Portfolio | Investing News

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By Ankur Banerjee, Shariq Khan and Rebecca Spalding

(Reuters) – Jazz Pharmaceuticals Plc said on Wednesday it had agreed to buy GW Pharmaceuticals plc in a $7.2 billion cash-and-stock deal which will bolster its neuroscience business with the addition of a cannabis-based epilepsy treatment.

GW Pharma’s Epidiolex, the first marijuana-derived drug to be approved in the United States, generated sales of over $500 million for the U.K.-based company last year. Analysts expect sales to breach $1 billion soon.

The drug was approved in June 2018 for use in patients aged two years and older with rare childhood-onset forms of epilepsy

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