Tag: call

Canadian business call on Freeland to extend CEBA deadline

by  on  in Business Financial News


Business groups across Canada are pleading with the federal government to grant them more time to pay back emergency loans offered during the COVID-19 pandemic.


In a new letter to Deputy Prime Minister and Finance Minister Chrystia Freeland, organizations representing hundreds of thousands of small businesses are calling for another year or two to pay back their Canada Emergency Business Account (CEBA) loans.


“Many businesses had no choice but to take on this loan due to circumstances beyond their control… With each passing day, entrepreneurs who collectively maintain a very considerable workforce, face increasingly daunting financial pressure,” reads the letter, provided to CTV News. “Ottawa needs to act now to extend the CEBA repayment deadline.”


The federal government created CEBA early in the pandemic as one of a suite of financial aid measures aimed at keeping businesses afloat in the face of forced closures and health restrictions. Offering initially up to $40,000 to small businesses and non-profits who have experienced a loss of revenue due to COVID-19, an expansion was then offered, seeing businesses able to apply to receive up to $60,000 interest-free loans.


Open for applications between April 2020 and June 2021, the loans were approved for 898,271 businesses, totalling $49.2 billion in federal assistance.


In January 2022, in the wake of the Omicron variant surge and new restrictions, the Liberals announced they would be extending the repayment deadline by a year to the end of 2023. This meant that eligible businesses “in good standing” would have until Dec. 31, 2023 to repay and be eligible for debt forgiveness of one-third—up to $20,000—of their loan.


Monday’s letter—signed by more than 250 local chambers of commerce, tourism, and industry groups across Canada—indicates that while the government gave business in crisis a lifeline

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UK businesses in China call for regulatory clarity

by  on  in Business Financial News

Beijing needs to provide greater regulatory certainty on data security and other issues to help restore foreign investor confidence, the British Chamber of Commerce in China has warned.

A survey last month found sentiment among the chamber’s members had recovered from the depths of last December, with 8 per cent describing themselves as “pessimistic”, down from a record 42 per cent.

But six months after China abandoned draconian Covid-19 restrictions, 70 per cent of the chamber’s members were still adopting a wait-and-see attitude on new investments while they sought regulatory clarity, the business group said.

“There is some nervousness; it’s not just in individual sectors but across the board,” said Julian MacCormac, chair of the chamber, which on Tuesday released its 2023 position paper on British business in China.

The outgoing president of the EU Chamber of Commerce in China, Jörg Wuttke, warned that foreign investors were cautious and uncertainty over data security and changes to espionage laws were dogging businesses.

China is seeking to encourage private businesses to begin investing again to stoke a recovery in the world’s second-largest economy, which grew at its slowest pace in decades last year because of rigid Covid controls.

But foreign businesses have complained of mixed signals from Beijing, which has cracked down on consultancies in recent weeks over allegations some of their work touched on issues of national security.

Geopolitical and trade tensions between the US and its allies and China have worsened the outlook. China this week announced it was blocking chips made by US company Micron from use in important information technology networks.

In its position paper, the British chamber provided a range of recommendations for improving the business environment, saying navigating data security and IT regulations in China ranked among the top challenges facing UK companies in the country.

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Ascendis Pharma Announces First Quarter 2023 Financial Results and Business Update Conference Call on April 27

by  on  in Business Financial News
Ascendis Pharma

Ascendis Pharma

COPENHAGEN, Denmark, April 13, 2023 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND) today announced that the company will hold a conference call and live webcast on Thursday, April 27, 2023, at 4:30 p.m. Eastern Time (ET) to review its first quarter 2023 financial results and provide a business update.

Those who would like to participate may access the live webcast here, or register in advance for the teleconference here. The link to the live webcast will also be available on the Investors & News section of the Ascendis Pharma website at https://investors.ascendispharma.com. A replay of the webcast will be available on this section of our website shortly after conclusion of the event for 30 days.

About Ascendis Pharma A/S
Ascendis Pharma is applying its innovative platform technology to build a leading, fully integrated, global biopharmaceutical company focused on making a meaningful difference in patients’ lives. Guided by its core values of patients, science and passion, the company uses its TransCon technologies to create new and potentially best-in-class therapies. Ascendis is headquartered in Copenhagen, Denmark, and has additional facilities in Heidelberg, Munich, and Berlin, Germany; Palo Alto and Redwood City, California; and Princeton, New Jersey. Please visit ascendispharma.com to learn more.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to (i) Ascendis’ ability to apply its TransCon platform technology to build a leading, fully integrated global biopharmaceutical company, and (ii) Ascendis’ use of its TransCon technologies to create new and potentially best-in-class therapies. Ascendis may not actually achieve the plans, carry out

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Some N.S. shops simply call for credit rating card payment service fees to be lowered – Halifax

by  on  in Business Card Companies

Most people don’t assume 2 times before tapping a card to pay out for their invest in, but every single tap or swipe provides an more charge to the retailer.

“We’re paying out to just permit individuals shell out,” explained Jayme Melrose, co-owner of Props Floral Design in Halifax.

For each credit card transaction, suppliers are charged a so-referred to as interchange level. It’s a cost which is shared amongst credit rating card providers, payment processors and banks. The cost which is billed differs, relying on what card is getting made use of.

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“Some credit rating playing cards are one and a 50 percent per cent, and some are two and a 50 percent to a few for each cent,” explained Melrose.

Downtown at Bliss Caffeine Bar, co-owner Jenna Oosterholt said it can be challenging to know how substantially you are paying just about every month in service fees.

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“It’s incredibly tricky to understand, and it is extremely bewildering,” she reported. “You just sense like your palms are tied.

“This is just anything you have to offer with at the conclusion of the day just to make guaranteed your buyers have the capacity to pay by credit score card.”

Ordinarily, it is the cards that provide benefits that have these greater processing charges, and it can charge a company tens of 1000’s of pounds each individual calendar year.

Props Floral Design does not settle for Amex for the reason that it has among the maximum fees, but Melrose claims it is extremely hard to stay away from all substantial-payment playing cards.

“We do not have any prospect to chose,” mentioned Melrose. “People are ordering bouquets for cherished types

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