Month: June 2020

Eldercare homes levy steep fees amid pandemic

The bill from her sister’s Texas senior care facility must be a mistake, Claire Harrison thought. She skimmed the unexpected line items: $11.04 for masks and gloves, $805 for care coordination, $1,200 for supplies including a coronavirus control chamber.

The last figure – the same amount her sister had recently received in stimulus money from the federal government – stood out. Harrison said she felt it couldn’t be a coincidence.  

“It was the first thing that entered my head,” said Harrison, whose sister had tested positive for COVID-19 shortly before the bill from Legend of Mansfield arrived in late April.

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German finance company Wirecard files for insolvency amid accounting scandal

German financial technology company Wirecard is filing for insolvency after an accounting scandal that led to the arrest of its former chief executive earlier this week.

The payment systems provider said it would make the filing at a district court in Munich “due to impending insolvency and over-indebtedness”.

It added in a brief statement that it is evaluating whether insolvency applications also have to be filed for its subsidiaries.

Markus Braun resigned as CEO on Friday after the company said that auditors could not find accounts containing 1.9 billion euros (£1.69 billion).

On Monday, Wirecard said it had concluded that

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Royal Mail to cut 2,000 jobs as virus hits business

Royal Mail is to cut 2,000 management jobs as it struggles to deal with the effects of the coronavirus crisis.

The cuts, about a fifth of the company’s management roles, aim to save about £130m in costs from next year.

Royal Mail said the pandemic accelerated the trend of more parcels and fewer letters being sent, and it had not adapted quickly enough to that.

The company’s challenges have included former boss Rico Back making a surprise exit from the business in May.

The job losses will hit senior roles hardest, with half of them set to go, and will

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TIME and Red Ventures Partner to Launch NextAdvisor, a New Site for Trusted and Accessible Personal Finance Content

Available for free, NextAdvisor will break down the fundamentals of financial wellness to help audiences navigate this period of economic uncertainty and secure their financial future

(June 22, 2020 –New York, NY and Charlotte, NC) — Today, TIME and Red Ventures launch NextAdvisor, a new personal finance site on Time.com that aims to empower audiences to make smart financial decisions and achieve their financial goals through accessible and trusted information.

NextAdvisor is a free resource that will feature time-tested strategy guides, new perspectives on the economy, analysis of the latest tools and products and reported stories that complement TIME’s editorial

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Sellers Place Key Pics in Cannes Virtual Market

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The Cannes Marché du Film, along with a sales initiative led by Hollywood agencies, is hosting the first major virtual market since the start of pandemic, starting on June 23. Distributors and sales agents are looking forward to it: the turn-up for the online Cannes Marché du Film is significant with more than 7,000 accredited participants as of mid-June.

“As nobody can leave their house, a virtual market is the next best thing. It’s a valid and worthwhile effort … people need something to initiate interactions. If this virtual market can help in

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