Owner Jan-le Low, left, moves order tickets as dishes are prepared at Satay Thai Bistro and Bar, amid the coronavirus disease (COVID-19) outbreak, in Las Vegas, Nevada, US, March 28, 2021. [Photo/Agencies]
BEIJING - Asian-owned businesses in the United States have suffered heavy losses amid the COVID-19 pandemic mainly due to difficulties in accessing government aid and fears over rising hate crimes against Asians, according to a recent report by Reuters.
By the end of March, sales for Asian-American businesses plummeted over 60 percent year on year, greater than the roughly 50-percent decline faced by other small businesses, Reuters quoted a research from the JPMorgan Chase Institute as saying.
Xinhua world economic news summary at 0900 GMT, April 16
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The 2021 Aspen Leadership Forum on Retirement Savings: Making Retirement Savings Part of an Equitable Recovery
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On April 15, 2021, the
Aspen Leadership Forum on Retirement Savings is kicking off its fifth convening with a free, public dialogue on how retirement savings must be part of an equitable recovery from COVID-19. We invite policymakers, the private sector (record keepers, asset managers, plan sponsors, consultants, fintech), academia, nonprofits, and advocates to join us in a dialogue designed to accelerate the development of a truly inclusive savings system.
Attendees will receive:
New insights from a nationally representative survey by the Aspen Institute Financial Security Program, DCIIA Retirement Research Center, Morningstar, and NORC at the University of Chicago on how Americans relied on retirement savings, emergency savings, and debt strategies to cope with income loss during 2020
Asian-American businesses suffer outsized pandemic toll
By Jonnelle Marte
Reuters
(Reuters) - After it shut down for two months last year, Jan-Ie Low and her family reduced the hours at their Las Vegas restaurant and converted much of their dining room into a food delivery hub.
Outdoor dining was not an option in the desert heat. Conventions, which bring in diners, were canceled because of the coronavirus. If you don t adapt, you re going to be left behind, said Low, whose family has owned the SATAY Thai Bistro & Bar for more than 15 years. Despite the changes made, sales dropped by about 50% in 2020 from the year before.
Asian-American businesses suffer outsized pandemic toll Reuters 3 hrs ago
By Jonnelle Marte
April 14 (Reuters) - After it shut down for two months last year, Jan-Ie Low and her family reduced the hours at their Las Vegas restaurant and converted much of their dining room into a food delivery hub.
Outdoor dining was not an option in the desert heat. Conventions, which bring in diners, were canceled because of the coronavirus. If you don t adapt, you re going to be left behind, said Low, whose family has owned the SATAY Thai Bistro & Bar for more than 15 years. Despite the changes made, sales dropped by about 50% in 2020 from the year before.
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