financetom
Economy
financetom
/
Economy
/
Small businesses around the world struggle to survive
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Small businesses around the world struggle to survive
Jul 14, 2020 3:00 AM

Small businesses around the world struggle to survive

SUMMARY

Small businesses around the world are fighting for survival amid the economic fallout from the coronavirus pandemic. Whether they make it will affect not just local economies but the fabric of communities.

By APJul 14, 2020 12:00:56 PM IST (Published)

Stephanie Skoglund touches up paint on a giant chalkboard where guests can leave messages for the bride and groom at The Vault, the wedding and event centre she owns in Tenino, USA, on July 1, 2020. The board still bears the names — Kyzer and Sandra — of the last couple to be married at the venue in March before the coronavirus outbreak forced them to close their doors. (AP Photo/Ted S. Warren)

Chander Shekhar, co-owner of Shopno Fashion in New York's Jackson Heights neighbourhood, poses for a portrait on June 22, 2020, the first day of New York City's "Phase Two" reopening plan. This neighbourhood was hit particularly hard by COVID-19, and shops were opening for the first time in more than three months. Shekhar is reluctant to complain, but the night before reopening the stress and uncertainty of what lay ahead had woken him nine times. (AP Photo/Marshall Ritzel)

Shao Lin Tia prepares a plate of sushi at Ginza, the pan-Asian restaurant she runs with her husband on Rue Daguerre, a classic market street in Paris, on Sunday, July 5, 2020. Under French rules, grocery stores, butchers, wine shops and cheese shops were considered essential during the nationwide confinement to slow the spread of the coronavirus. Restaurants, even for takeout, were not. The rules have gradually relaxed, first for takeout only, then for a few outdoor tables, but sales remain low and Tia worries that the hardest is yet to come. (AP Photo/Francois Mori)

Shinichiro Hirano walks through his Sun Flower Shop, where he put up a sign reminding customers to keep a safe distance from each other to avoid the spread of the coronavirus, Monday, June 22, 2020, in Tokyo. (AP Photo/Eugene Hoshiko)

Patrons relax over cocktails in the velvet chairs of DJ Johnson’s NOLA Art Bar in New Orleans on June 23, 2020. In mid-March, the city ordered all bars to close to avoid the spread of the coronavirus. On June 13, Johnson was able to start seating diners inside the gallery at half capacity. He makes constant rounds of the room, distributing hand sanitizer. Gradually, customers are beginning to trickle in. “It’s discouraging. But the only thing that kept me going is, there is no quit,” he said. (AP Photo/Gerald Herbert)

DJ Johnson poses for a portrait on June 25, 2020, inside his new NOLA Art Bar in New Orleans, which opened just before the coronavirus pandemic. In mid-March, the city ordered all bars to close. Six weeks later, he adapted to rules that allowed food service businesses to stay open for takeout. His bar hadn’t done food, but he started making New Orleans staples. The first day he made $35. “It’s discouraging. But the only thing that kept me going is, there is no quit,” he said. As the rules are gradually relaxed, customers have begun to trickle in. (AP Photo/Gerald Herbert)

Jane Howe, owner of the Broadway Bookshop, poses for a photo in the doorway of her shop on Broadway Market in Hackney, east London on June 28, 2020. Before the coronavirus, Howe never saw the need for a website. Shoppers would pack the tidy shop on weekends, with more often waiting outside, drawn by the store’s personalized service. She finally launched a website in mid-June and loyal customers have been placing orders, but sales are far below what they were before the pandemic. (AP Photo/Matt Dunham)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
Copyright 2023-2026 - www.financetom.com All Rights Reserved