Download PDF Version This piece was last updated on April 28, 2020. The Coronavirus Aid, Relief and Economic Security Act (CARES Act), a $2.2 trillion stimulus package enacted on March 27, provides aid to businesses of all sizes as well as individuals suffering from economic hardship due to the COVID-19 pandemic. Life sciences organizations developing products critical to the country’s preparedness for and response to the pandemic may pursue new opportunities through additional funding by...

SHARE THIS ARTICLE Share Tweet Post Email U.K. Prime Minister Theresa May may find a skeptical audience when she meets the leaders of the global finance industry on Thursday as they push ahead with their own plans for Brexit. Two days after delivering her vision for pulling Britain out of the European Union’s single market, May addressed the World Economic Forum’s annual meeting in Davos, Switzerland. She will also attend a private session with Wall Street executives. “The U.K. will step up...

Residents and businesses in Wales are bracing for more flooding resulting from bad weather as many people continue to mop up the devastation of last month’s storms. An amber weather warning has been issued by the Met Office for parts of mid- and north Wales, where up to 100mm of rainfall could fall over Monday and Tuesday. The Met Office issued a “potential threat to life” warning on Monday to areas including Builth Wells and Newtown in mid-Wales, warning of possible power cuts, fast-flowing...

Ralph Hamers tries to avoid flying. The eco-friendly ING chief executive prefers to drive the five hours between Frankfurt and Amsterdam in a hybrid BMW. He had to make an exception on Thursday morning, however. After the Financial Times revealed late on Wednesday night his surprise appointment as successor to Sergio Ermotti as chief executive of UBS, the Swiss bank insisted he took the first flight to Zurich to attend a hastily convened 11.30am press conference. When he arrived, Mr Hamers,...

Credit Suisse’s top shareholders have thrown their support behind chief executive Tidjane Thiam and called on chairman Urs Rohner to quit, in a high-stakes power struggle at the Swiss bank following a spy scandal last year. Relations between Mr Rohner and Mr Thiam have been increasingly strained since revelations that Credit Suisse hired a corporate espionage company to follow Iqbal Khan, a former executive who defected to arch-rival UBS. The battle has intensified ahead of a crunch board...