recovery

Women entrepreneurs are the engine that drives the post-pandemic economic recovery in Latin America, according to study

The 2020 edition of the Mastercard Index of Women Entrepreneurs (MIWE) reveals that clearing the way for female entrepreneurship contains the economic and cultural keys to resurgence.

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5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


By Janet Rivera – Hernández, Vice-president of Communications for Mastercard Latin America and the Caribbean.

  • The COVID-19 pandemic negatively affected 87% of the world’s companies led by women.
  • 42% of female entrepreneurs moved their business models to the online universe this year, while 37% are developing new businesses that respond to the needs of the place and the moment, and 34% identified new business opportunities during the pandemic.

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UK government holds ‘recovery roundtables’ to save jobs

The UK government has stepped up its efforts to involve business leaders in policymaking, as officials look at how to stimulate the economy amid the coronavirus crisis.

With the pandemic and lockdown battering UK firms and warnings of the steepest recession in decades, ministers have asked business chiefs to help shape recovery planning.

The government announced on Monday it will hold the first of a series of “recovery roundtables” including officials, business leaders and academics. Their remit will be to consider how to support recovery and ensure the “right skills and opportunities are in place for our workforce over the next 18 months.”

Analysts increasingly expect recovery to be weak with demand subdued and social distancing curbing activity. Some expect the tapering off of government support as lockdown restrictions ease to spark job losses among workers currently protected through employment schemes.

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Make Covid-19 recovery green, say business leaders

More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.

They say efforts to repair the economy should support the government’s commitment to tackle the climate change crisis.

They believe ministers should use the Covid-19 lockdown as a springboard to propel a green economy.

The signatories to the letter include Lloyds Bank, Asda, Siemens and Sky.

The proposals outlined by firms such as Mitsubishi, Signify and Yorkshire Water in a letter to the prime minister include:

  • Driving investment in low carbon innovation, infrastructure and industries.
  • Focusing support on sectors that can best support the environment, increase job creation and foster the recovery – whilst also decarbonising the economy.
  • Putting strings on financial support to ensure firms getting bailout cash are well managed, and in step with climate goals.

In a speech on Thursday Boris Johnson briefly committed

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