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 >
UK economy set to shrink next year, says Jeremy Hunt in budget speech
UK economy set to shrink next year, says Jeremy Hunt in budget speech
Nov 17, 2022
The new forecast is for gross domestic product to contract by 1.4 percent next year compared with a projection for growth of 1.8 percent in the previous outlook published in March by the Office for Budget Responsibility (OBR).
Britain to proceed with revaluation of commercial real estate in 2023, says Jeremy Hunt
Britain to proceed with revaluation of commercial real estate in 2023, says Jeremy Hunt
Nov 17, 2022
"Nearly two thirds of properties will not pay a penny more next year and thousands of pubs, restaurants and small high street shops will benefit," he said. Hunt added that a new government funded Transitional Relief scheme would benefit around 700,000 businesses.
UK economy: A crisis in the making for some time, with India trade deal offering hope
UK economy: A crisis in the making for some time, with India trade deal offering hope
Nov 13, 2022
The British-Asian former finance minister, who took charge at 10 Downing Street last month with the promise to fix the fiscal errors of predecessor Liz Truss’ disastrous mini-budget, has pledged to get a grip on the soaring inflation as a priority and warned of tough tax and spending decisions ahead.
Nirmala Sitharaman meets Janet Yellen, says will increase cooperation with US to address economic challenges
Nirmala Sitharaman meets Janet Yellen, says will increase cooperation with US to address economic challenges
Nov 11, 2022
Finance MInister Nirmala Sitharaman said the India-USA economic and financial partnership meeting in New Delhi today will lend greater vigour to both countries' economic relationship, strengthen their business-to-business links as well as facilitate a coordinated policy stance to address global economic challenges. 
Copyright 2023-2025 - www.financetom.com All Rights Reserved