When the biggest banks in the country announced their quarterly earnings earlier this month, many of them reported loaning out more money to businesses than they had been during the first two years of the pandemic, when many small businesses were flush with government relief. Even though commercial lending is […]
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UK banks need pushing to recover Covid business loans, say MPs
MPs have urged ministers to use legal, regulatory and contractual means to ensure banks do their utmost to minimise taxpayer losses under one of the government’s flagship Covid-19 loan schemes for small companies. In a report published on Wednesday, the House of Commons public accounts committee also accused the Department […]
Western-owned Russian firm helps sites pushing false news profit from ads | Russia
A Russian tech giant mostly owned by western investors is helping websites pushing false claims about the war in Ukraine to make thousands of dollars every day through digital advertising. Yandex is considered Russia’s equivalent to Google, running both a search engine and an extensive digital advertising business. Its deputy […]