Economy

Economy
London’s Monzo CEO To Forgo Salary As Workers Face Furlough
March 31, 2020

The 34-year-old top executive of digital bank Monzo will give up his salary for a year, while senior staffers take a 25 percent pay cut. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Automakers Push Payments Off 120 Days To Jump Start New Car Sales
March 31, 2020

Necessity, as they say, is the mother of invention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...

Economy
For One Restaurant, Life Before (And During) COVID-19
March 31, 2020

There are seismic events that are so mammoth in scale they become shorthand for a shift in the way we live, in the way we interact with one another. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
20 Payments Execs On COVID-19’s Ripple Effects — And Taming The Next Black Swan
March 31, 2020

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Economy
Lender Kabbage Furloughs Workers, Warns Of SMB Cash Shortfall
March 30, 2020

As COVID-19 saps consumer demand across all manner of verticals, and small businesses bear the brunt of a sudden disappearance of revenues, the firms that lend to those SMBs are feeling heat, too. Get the Full Story Complete the form to unlock this article and...

Economy
North American Burger King Franchisees Get Rent Break, Cash Help
March 30, 2020

Burger King parent Restaurant Brands International will defer rent and boost franchisees in North America with extra cash as part of its response to the coronavirus pandemic, according to a CNBC report. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
UK Retailers Under Fire For Nonessential eCommerce
March 30, 2020

Some U.K. retailers, brushing off accusations that they could be putting lives at risk during the coronavirus pandemic, have continued operating warehouses for distribution despite not offering essential items for sale, according to the Financial Times. Get the Full Story Complete the form to unlock...

Economy
Coronavirus Update: Saudi Arabia Requires Lenders To Help Companies; British Startups Ask Gov’t For COVID-19...
March 30, 2020

Governments are aiming to help companies amid the coronavirus, while executives are taking measures to contend with the crisis. Here are the latest updates on COVID-19, the disease caused by the coronavirus, around the world. Get the Full Story Complete the form to unlock this...

Economy
When Will COVID-19 End, And Will SMBs Survive?
March 30, 2020

Two weeks into social distancing — and unfortunately it is not possible as of yet to say the end is near. As of this weekend, President Donald Trump confirmed that the nationwide social distancing guidelines put into place two weeks ago in response to the coronavirus...