A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire Survey. The poll, which questioned 750 people with assets of $1 million or more, revealed while wealthy Americans have seen little impact from the pandemic...
Cyprus Government Offers Free Stay To Tourists Who Catch COVID-19
The government of Cyprus has a novel sales pitch for tourists considering a vacation in the Eastern Mediterranean nation: If you catch the coronavirus while on holiday in the island country, they will pick up the tab. A positive test for COVID-19 in Cyprus gets visitors free lodging, food, drink and medication, CNBC...
House Eases Rules On PPP Loans
A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. The bi-partisan bill answers a request from entrepreneurs who asked lawmakers to reduce the amount of the Small Business Administration’s...
Italian Bank Intesa Sanpaolo Inks Supplier Financing Deal With Gucci
In a move that bolsters financing for the supply chain of Gucci, Intesa Sanpaolo has inked a deal with the luxury goods group to ease financing for small companies that supply the firm. The Italian retail bank said it would apply the financing conditions that Gucci receives to its suppliers,...