Investing and Global Finance News

Category Archives: Economy

New York’s Inaugural Black Restaurant Week Raises revenue for Black-owned Eateries

All of New York City’s businesses are hurting in the wake of the global coronavirus pandemic. The number of Black-owned businesses in general fell by close to 40% during the crisis. Diners, restaurants, and eateries have been particularly hard hit. Black-owned restaurants across the City have seen revenue fall as much as 80% since March… Continue Reading

FinTru Opens Offices in New York

The UK-based financial services firm FinTrU opened its first North American offices in New York City. The FInTru offices are set up on Avenue of the Americas in Manhattan and represent an international growth for the award-winning fintech company. “Many of our tier one investment bank clients are based in New York so it was… Continue Reading

BIDs to the Rescue

New York City’s BIDs (Business Improvement Districts) and neighborhood organizations are a pivotal lifeline for local shops and stores. The BIDs take on the lion’s share of street cleaning, marketing campaigns, and publicity. The tragic economic effects of the coronavirus pandemic have only heightened the need for BIDs. They are helping businesses stay open, advocating… Continue Reading

From Yemen to New York: Historic Coffee Finds a Home

From Yemen to New York: Historic Coffee Finds a Home

Quhwah House is one of Brooklyn’s newest coffee shops. But the traditions and beans which make it special are already eight generations old. Ibrahim Alhasbani, the owner, is from Yemen. He comes from a longline of coffee farmers and is proud to keep the family business alive. Alhasbani decorated the store’s walls with images conveying… Continue Reading

Social Media Steps in to Rescue New York City Bookshop

Social Media Steps in to Rescue New York City Bookshop

The Strand, New York’s most legendary bookstore, is breathing a sigh of relief, for now.  In late October, Nancy Bass Wyden, the third-generation owner, turned to social media as a last ditch effort to keep from permanently closing Strand’s doors. A typical day sees about 300 web orders; the influx of online orders following Wyden’s… Continue Reading

2020 New York Business Journal’s Women of Influence Announced

2020 New York Business Journal’s Women of Influence Announced

Dorit Ungar Black, a founding partner at New York’s Holwell Shuster & Goldberg LLP was named as one of ten  Women of Influence in 2020 by the New York Business Journal. The women recognized this year are all pioneers in the legal, finance, engineering, and real estate industries. They have all demonstrated professional and communal… Continue Reading

Pandemic Brings Early Holiday Season to New York

Pandemic Brings Early Holiday Season to New York

The rushed last-minute holiday shopping scramble may just be another annual tradition lost to the coronavirus pandemic. Across New York and the country, retailers are getting a head start on the holiday season. While most shoppers don’t usually appreciate the holiday “creep,” this year there are several good reasons for getting an early go on… Continue Reading

Health Heroes: A New Award Program for New York

Health Heroes: A New Award Program for New York

Empire BlueCross BlueShield, in collaboration with Crain’s New York Business, has launched the 2020 Empire Whole Health Heroes Awards program. The program is designed to recognize and highlight individuals who have exhibited profound commitment, kindness, and outstanding leadership in the field of health and wellness in New York City during the continued coronavirus emergency. As… Continue Reading

New York City is Growing Fintech Center

New York City is Growing Fintech Center

New York City has always been a welcoming home for the financial and business sectors of the economy. Some of the world’s leading financial outfits have based their headquarters in the Big Apple. But continual technological shifts, the coronavirus pandemic, and demographic transitions are giving New York City a new title. Now, more than ever,… Continue Reading

Crisis as Opportunity for Female Leadership

Crisis as Opportunity for Female Leadership

The coronavirus pandemic is generating thousands of opportunities for women to showcase their strengths and step into leadership positions. The economies disrupted by COVID-19 will eventually need to be realigned. Businesses around the world will be redefining their operational models and reassessing their business strategies. European Central Bank President, Christine Lagarde, argues that the male… Continue Reading