Tag: boosts

Amazon Prime Day boosts small business shopping, too

Amazon’s annual shopping bonanza known as Prime Day begins Tuesday. Though, not everyone is excited: Campaign groups have urged shoppers to instead spend cash in small, local shops.

They argue the coronavirus pandemic — along with the lockdowns and travel restrictions that followed — has accelerated hardship for small- and medium-sized businesses that rely on foot traffic into their shops. Before COVID-19, many companies were already struggling to compete against the likes of Amazon, which offers quick delivery and access to thousands of products online.

One German trade union urged workers at seven Amazon warehouses in the country to go on strike and advocate for better pay conditions.

But Oliver Bristowe, co-owner of Pets Purist, an animal care business in the English city of Manchester, said a boycott against Prime Day could negatively affect his business and thousands of others like it.

“A shop in a local community finds Amazon

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Antitrust investigation dubs App Store a monopoly, Microsoft adopts ‘app fairness’ rules, pandemic boosts Q3 app revenues

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all.

The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.

In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

Apple declared monopoly by U.S. House Judiciary subcommittee on antitrust

Apple was one of the four big tech companies the House Judiciary subcommittee on antitrust declared as having enjoyed monopoly power

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Wall Street ends higher as Trump boosts hopes of stimulus

(Reuters) – U.S. stocks ended higher on Thursday as comments by U.S. President Donald Trump fueled hopes of fresh fiscal support, while data underscored the view that the labor market recovery was struggling to gain momentum.

Two days after calling off negotiations on a comprehensive bill, Trump in an interview with Fox News said talks with Congress have restarted over further COVID-19 relief and that there was a good chance a deal could be reached. But he gave no other details about a possible agreement.

While late afternoon trading was choppy, indexes added to gains after a White House spokeswoman said Trump wanted a “skinny” coronavirus relief bill.

House of Representatives Speaker Nancy Pelosi said legislation to help airlines was a matter of national security and could only move through Congress with guarantees of work continuing on the comprehensive deal.

The Dow Jones airlines index .DJUSAR jumped 1.6%, extending recent

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Strategy Analytics: COVID-19 Boosts Mobile Content Spend 28% in 2020

BOSTON–(BUSINESS WIRE)–COVID-19 will boost worldwide revenue on content consumed on mobile phones by 28% in 2020 according to Strategy Analytics latest report “Global Mobile Media Forecast: 2015-2025.” Stay-at-home guidance issued by governments as result of the COVID-19 pandemic has stimulated an increase in spending within mobile games and mobile apps, as consumers have been forced to shift their behavior from offline activities to online. Over the next five years Strategy Analytics forecasts overall mobile media revenue from consumers and advertisers to approach $860 Billion as the population of mobile broadband enabled smartphone owners continues to rise, 5G penetration increases, and consumers continue to look to personal devices to access information, news and social networks, play games, watch video content, and listen to music.

Please click here for the report: https://bit.ly/33tv4jM.

Consumer demand for accessing popular internet services and apps on mobile phones, including Facebook, TikTok, YouTube, Spotify,

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Downtown Raleigh Restaurant Week boosts sales for struggling spots amid pandemic

RALEIGH (WTVD) — Downtown Raleigh Restaurant Week is in full swing and small businesses are seeing success after the first weekend.

There was a celebration in the streets this past weekend in downtown Raleigh for patrons and small business owners. A cello was out, a band playing, streets closed down and guests dining outdoors. A pop-up event was held in City Market, hosted by James Beard-nominated Chef Scott Crawford, and several other streets were shut down for Downtown Raleigh Restaurant Week.

45 spots are participating in the event.

Downtown Raleigh Alliance President and CEO Bill King called the kick-off weekend a success.

“We were very pleased with this weekend’s turnout and our participating restaurants saw a significant increase in business, while using the extra outdoor space to serve customers safely. A number of visitors took advantage of our takeout tables located across several downtown blocks. The response this weekend demonstrates

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Bang & Olufsen sales growth boosts shares

FILE PHOTO: Bang & Olufsen’s sign is seen at their flagship store in Copenhagen, Denmark, October 2, 2019. REUTERS/Andreas Mortensen

COPENHAGEN (Reuters) – Shares in Bang & Olufsen BO.CO rose as much as 13% on Thursday after the audio and visual equipment maker said its revamped strategy had helped it narrow losses and post its first revenue growth in a year.

The company said in July that it expected to return to growth in the coming financial year after a move to boost its online presence and digital sales with a focus on key European and Asian markets.

Sales in B&O, known for its exclusive TVs and speakers that sell for up to $80,000, rose 10.3% to 462 million Danish crowns ($72.9 million) in the three months to August 31.

EBIT losses narrowed to 41 million crowns from 129 million crowns a year earlier.

Its shares were up 8.2% at

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Cheap Money Boosts Aircraft Sales

One unforeseen benefit of the COVID-19 pandemic is historically low interest rates, including those applied to aviation loans. As a result, banks and lenders are reporting an unprecedented volume of loan activity. “The activity level is unbelievable. I can’t tell you how busy we are. It’s amazing,” Bob Howe of Dorr Aviation Credit, told our sister publication, Aviation Consumer, for an in-depth report on aircraft finance in the October issue of the magazine.

As cautious investors parked cash during the spring downturn, banks are sitting on more money than they know what to do with and are ready to make deals. And they are. “When the Fed pushed down the rates, we saw a significant upflow in activity for refinancing. For us, March, April and May was not a lot of new business, but in June, we started to see a huge uptick in new business,” says Jim Blessing of

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Wisconsin Business Boosts Small Businesses in Texas and Gets One in Return

The two-month project began when the Wisconsin agency responded to a request for proposal (RFP) from LiftFund in June. The vision for the program came from Tarsha Polk, director of LiftFund’s Women’s Business Center, and then became a reality once Polk and her team applied for a grant through the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

“We got a flood of phone calls from business owners who had to temporarily close their doors due to safer-at-home orders and needed help,” said Polk. “Listening to all the challenges and frustrations from small business owners and really understanding what they needed is what prompted the idea for this COVID-19 Business Resiliency Program. The Payroll Protection Program (PPP) funding was only going to go so far to help these businesses and we felt they really needed more support besides just funding.”

As a Small Business Administration (SBA) resource partner, the

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POLL-Hungary central bank to keep rates steady as pandemic boosts prices

By Gergely Szakacs

BUDAPEST, Sept 17 (Reuters)The National Bank of Hungary (NBH) is likely to leave interest rates unchanged next Tuesday based on a Reuters poll of economists, with higher-than-expected inflation limiting room for further meaningful stimulus for the sagging economy.

All 14 analysts in a Sept. 15-16 survey said the central bank would leave its base rate at 0.6% HUINT=ECI after 30 basis points worth of cuts in June and July to shore up the economy hit by the COVID-19 pandemic.

Central bank sources told Reuters last week that Hungary’s recovery would be slower than previously expected and the bank was nearing its limits with tools to fuel the economy, which shrank by 13.6% in the second quarter.

Banks expect to incur hundreds of billions of forints in losses as the pandemic had reversed a steady improvement in loan books over the past years.

After a

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Direct $1,200 checks to Americans, boosts to small business loans in new $1.5 trillion stimulus bill

A few dozen centrist lawmakers rankled by the collapsed COVID-19 stimulus talks and lack of relief to Americans will try to prod Democratic and Republican leaders and the Trump administration back to the negotiating table with a new $1.5 trillion package.

One of the most popular and bipartisan-backed provisions in previous packages, direct checks of at least $1,200 to American taxpayers, is included in the new plan from the 50 members of the House Problem Solvers Caucus, The New York Times reported Tuesday.

For more on previous proposals including stimulus checks, read here.

The Problem Solvers’ offering comes a week after the latest $500 billion GOP plan was blocked by Senate Democrats, who derided the package as inadequate in the wake of an unprecedented public health and economic crisis. It also follows a series of stalled talks and false starts since the spring as Democratic and Republican proposals have

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