Author: Benz Seo

Business Property

Deal finally struck for businesses damaged by riot, but is it enough?

One year after rioting engulfed the Twin Cities, Minnesota legislators say they’ve finally struck a deal to provide some relief to business owners whose properties were damaged or destroyed in the chaos.

An agreement on the state budget for jobs and economic development will include $80 million for a new “Mainstreet revitalization program,” where businesses can apply for $2 million in loans and up to $750,000 in grants for building or rebuilding projects in areas of need.

The package also includes another $70 million for businesses rebounding from the COVID-19 pandemic. Businesses that were missed in two previous rounds of

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Industry

Stag Industrial Stock Gives Ev

The stock of Stag Industrial (NYSE:STAG, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,

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Cryptocurrency

China’s Cryptocurrency-Mining Crackdown Spreads to Sichuan | Technology News

By Samuel Shen and Alun John

SHANGHAI/HONG KONG (Reuters) – China’s crackdown on cryptocurrency “mining” has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre.

Cryptomining is big business in China, accounting for more than half of global bitcoin production. But the State Council, China’s cabinet, last month vowed to clamp down on bitcoin mining and trading as part of a series of measures to control financial risks.

Other popular mining regions, such as Inner Mongolia, have cited cryptocurrency mining’s use of electricity generated from highly polluting sources such as

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Business News

Dolce&Gabbana’s ‘Light Therapy” Collection Celebrates Life | Business News

By COLLEEN BARRY, AP Fashion Writer

MILAN (AP) — Dolce & Gabbana are coaxing men off their sofas and back into the world with a resplendent collection inspired by the extravagant lighting installations of southern Italian street festivals.

Designers Domenico Dolce and Stefano Gabbana called their collection “light therapy” for a world that has been mostly denied large gatherings for the last 15 months. Their live runway show Saturday with a socially distanced audience of invited guests was the first inside their showroom since the pandemic forced Milan Fashion Week to go mostly digital in recent seasons. They are just

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Business World

Businesses Begin To Fret As Canada Extends Non-Essential Travel Ban Through July 21

Reuters – Canada is extending a ban on non-essential travel with the United States and the rest of the world until July 21, Public Safety Minister Bill Blair said on Friday, prompting frustration from businesses worried about the economic damage.

Canada’s Liberal government is under increasing pressure from businesses and the tourism industry to ease the ban, which was first imposed in March 2020 to help contain spread of the coronavirus and has been renewed on a monthly basis ever since.

“In coordination with the U.S., we are extending restrictions on non-essential international travel and with the United States until

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Business Property

Property Owned by RI DMV Administrator Raided by Police | Rhode Island News

PROVIDENCE, R.I. (AP) — The administrator of the Rhode Island Division of Motor Vehicles said he had no idea that a sex business was allegedly operating in a building he owns.

Cranston police raided the building owned by Walter “Bud” Craddock through his real estate holdings company following a months-long investigation into six properties where investigators suspect prostitution was taking police, according to a police affidavit.

Craddock told WPRI-TV that he knew there was a business but didn’t know about any illegal activities.

“I personally had never gotten any complaints, otherwise this would have been rectified a long time ago,”

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