Tag: survival

As MLB plays on, the businesses it feeds fight for survival

The cathedrals lie empty. Wrigley. Fenway. Yankee Stadium. PNC Park. Progressive Field.

Sure, their lights are on as Major League Baseball tries to squeeze in a truncated 60-game season in the middle of a pandemic. But no one is home save for a few dozen players running around in masks under the din of artificial crowd noise in front of a handful of well-positioned cardboard cutouts.

Step outside the gates, and the artifice evaporates. Reality sets in.

As MLB sprints through two months trying to provide a small semblance of normalcy to its fan base and much-needed fresh content to its broadcast partners, the businesses in the neighborhoods surrounding the stadiums that rely so heavily on thousands making their way through the turnstiles 81 times a year are struggling, their futures murky at best. According to the ADP Research Institute, firms with fewer than 500 employees – a much-used cutoff

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Survival Strategies Pushing Banks in Nigeria Away From Lending

(Bloomberg) —

The economic downturn in Nigeria is forcing the nation’s lenders to rewrite their business plans.

A shortage of dollars and declining demand for credit, along with a plunge in domestic bond yields, have taken a toll on their bottom lines. Most of the country’s biggest banks, including Guaranty Trust Bank Plc, United Bank for Africa Plc and Access Bank Plc, reported profit declines in first half. Cairo-based EFG-Hermes Holding SAE forecasts lower industry income in 2020 compared to a year ago.

a screenshot of a cell phone: Nigeria's economy contracted heavily in the second quarter

© Bloomberg
Nigeria’s economy contracted heavily in the second quarter

Here’s how some of the country’s largest banks are confronting the troubles spawned by Covid-19 and the drop in oil prices.

Guaranty Trust Bank

Nigeria’s biggest lender by market value said last week it will transition to a holding company next year to allow diversification to reduce reliance on banking.It plans to establish units in insurance, asset

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Addicting Games acquires online survival game Mope.io with 72 million users

Addicting Games has acquired the online creature survival game Mope.io, a web and mobile game with more than 72 million players to date.

The move is part of a revival that Addicting Games, which has followed a winding road but is back as a maker of simple casual games that you can play on the web or on mobile devices when you want to zone out or learn some things. It may sound too simple in this age of big-budget games, but Addicting Games draws more than 10 million players a month.

It’s one of the ironies of the wheel of the game business that Addicting Games, which was once bought and passed around, is now back in the business of acquiring games.

The Santa Monica, California-based company didn’t disclose the purchase price, but it did say the deal was more than “seven figures.” Mope.io is a top-down multiplayer animal

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