Business creation should rebound after a sharp decline linked to Covid-19

Business creation should rebound after a sharp decline linked to Covid-19

The health crisis and confinement have caused a plunge in business creation figures. A lasting decline or a simple pause? The desire to change your life, the search for meaning and economic constraints plead for a momentary halt. The figures for business creation have fallen sharply with the entry into confinement. In April, INSEE counted half as many creations as in January or February 2020: just under 35,000 new businesses and micro-entrepreneurs against around 70,000…

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The specter of a food crisis resurfaces

The specter of a food crisis resurfaces

With the La Niña climatic phenomenon, production prospects have been revised downwards. The prices of agricultural raw materials are rising. Lack of income in times of economic crisis, low-income households find it difficult to feed themselves. The dreaded food crisis last spring did not finally happen, but it could befall the world this winter. The prices of agricultural commodities are resolutely on the rise, as evidenced by the Bloomberg sub-index of agricultural products, which has…

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Banks: how advisers and clients converted to videoconferencing

Banks: how advisers and clients converted to videoconferencing

The health crisis and successive lockdowns have pushed banks to accelerate their conversion to digital. The use of videoconferencing has in particular jumped in branches to keep in touch with customers, but has required some adjustments in banks. The poster had been enthroned for several weeks in the window of this CIC agency in the north of Paris. It represented a bank advisor, in a white shirt and tie, framed in a computer window. Below…

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Payment deadlines: the business mediator is alarmed by “shocking” practices

Payment deadlines: the business mediator is alarmed by “shocking” practices

As the end of confinement approaches, the business mediator, Pierre Pelouzet, is worried about the tensions on inter-company credit which could slow down the restart. The crisis committee publishes a list of bad practices that have appeared since the start of the coronavirus crisis. It is one of the 600 files that Pierre Pelouzet receives on his desk every week. In a letter dated April 20, General Electric asked all its subcontractors in the Belfort…

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Banks adjust their support system for businesses

Banks adjust their support system for businesses

Faced with the persistence of the crisis, the banking sector is reactivating the support systems for companies which have already proved their worth. However, there is no question of opening the floodgates very wide like last year. The resources will be targeted on the sectors of activity most affected. Like an air of déjà vu. With the coronavirus crisis, everyone has the unpleasant feeling of reliving the same scenes, confinement after confinement, curfew after curfew….

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Banking regulators plead for a concerted exit from the crisis

Banking regulators plead for a concerted exit from the crisis

The big central bankers called on Monday to “avoid regulatory fragmentation”. With the health crisis, support systems for banks are multiplying and the challenge now is that any new measures, or their gradual withdrawal, are always done in a concerted manner. Be careful, rocky path. To cushion the effects of the health crisis, banking supervisors have granted banks a number of prudential flexibilities since the spring. But in a joint statement, they pointed out, Monday,…

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Payment deadlines: incidents have exploded since the start of containment

Payment deadlines: incidents have exploded since the start of containment

The crisis committee established by Bercy warns of a tripling of payment incidents since mid-March. Companies withhold their “cash” as a precaution, thus endangering their supplier fabric. This was the fear of the public authorities from the first economic difficulties linked to containment: companies which withhold their “cash” as a precaution, thus endangering their fabric of suppliers. These practices already existed before the crisis, but they have been accentuated since March. The incidents concerning the…

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Faced with the coronavirus, US venture capital is trying to limit the damage

Faced with the coronavirus, US venture capital is trying to limit the damage

VCs break down their portfolio by deciding who to help in priority in the face of the economic crisis caused by Covid-19. Large funds like Sequoia, Benchmark or Kleiner Perkins, should come out without scratching but the “limited partners” could freeze their investments in funds with less established performances. Faced with the economic crisis caused by the Covid-19, the venture capital funds of Silicon Valley have only one word to say: breakdown of the portfolio….

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ESG proves its resistance to the coronavirus crisis

ESG proves its resistance to the coronavirus crisis

Sustainable finance comes out of the crisis stronger. Whether in terms of stock market performance or investment flow, strategies taking into account environmental, social and governance criteria are on the rise. The financial crisis caused by the coronavirus pandemic has not called into question the dynamism of sustainable finance. On the contrary, ESG indices – which take environmental, social and governance criteria into account in their composition – have better withstood the fall in the…

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Venezuela towards a way out of the crisis?

Venezuela towards a way out of the crisis?

At the edge of the abyss, the country sees the light at the end of the corridor. The Venezuelan government and the opposition have agreed on a timetable for talks aimed at resolving the serious political and economic crisis the country is going through. The Venezuelan government and the opposition have agreed on a timetable for talks to resolve the country’s serious political crisis, Vatican envoy Claudio Maria Celli said on Monday. This announcement was…

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