BUSINESS NEWS | Kanye West’s Clothing Brand Hollywood Production Companies On Pandemic Loan List

LOS ANGELES – Ventures backed by big-name entertainers Kanye West and Francis Ford Coppola were among those approved for loans under a U.S. government program to help businesses survive the coronavirus pandemic, according to a list released on Monday.

Billionaire rapper West’s clothing brand Yeezy received clearance for a loan between $2 million and $5 million under the Paycheck Protection Program, the U.S. Small Business Administration said.

The company said the loan would save 160 jobs, according to the SBA.

The PPP was established to aid workers at companies and nonprofits with fewer than 500 employees hurt by closures and other measures meant to slow the spread of the novel coronavirus. The list released Monday gave the most-detailed accounting to date of who applied for and was approved to receive funds.

Several Hollywood production companies applied for PPP aid after filming was halted in mid-March, putting tens of thousands of cast and crew members out of work. Approved applicants included The Jim Henson Company, creator of the Muppets, and The Apatow Company, run by writer/director Apatow.

A spokeswoman for Apatom said he received $160,000 under the program but immediately paid it back.

The Jim Henson Company received roughly $2 million, which enabled it to keep the entire staff of 75 workers employed, company spokeswoman Nicole Goldman said.

Other loan applicants from the world of entertainment included filmmaker Coppola’s Francis Ford Coppola Presents, a lifestyle brand that markets films, wine and other products, and e-sports company FaZe Clan, according to the SBA.

Cinema operators, which were forced to close in March, also applied for relief. Theater chains approved for loans included California-based Laemmle Theatres and Regency Theatres, the government list said.


G20 NEWS | Saudi Arabia Hosts Global Summit To Discuss Challenges Facing Entrepreneurs

President of the G20 Young Entrepreneurship Alliance (YES) Summit 2020 has affirmed that various initiatives have been prepared to be presented during meetings of G20 Leaders. In a press conference on Monday in Riyadh, Prince Fahd bin Mansour bin Nasser Bin Abdulaziz said the Kingdom will host the two-day YEA Virtual Summit on Oct.29. More … Continue reading G20 NEWS | Saudi Arabia Hosts Global Summit To Discuss Challenges Facing Entrepreneurs

BREAKING NEWS | France Warns Citizens To Be Cautious As Anger Seethes In Muslim World Over Cartoons

PARIS | FRANCE – France warned its citizens living or traveling in several Muslim-majority countries to take extra security precautions on Tuesday as anger surged over cartoons of the Prophet Mohammad. In a sign that some countries want to limit the fallout, Saudi Arabia condemned the cartoons but held back from echoing calls by other … Continue reading BREAKING NEWS | France Warns Citizens To Be Cautious As Anger Seethes In Muslim World Over Cartoons

ROYALS | Prince Harry Says Upbringing Blinded Him To Unconscious Racial Bias

Britain’s Prince Harry said it took him years to realize that unconscious racial bias existed and his eyes had been opened by spending time in his wife Meghan’s shoes. The prince spoke during a conversation about racism with Patrick Hutchinson, the Black activist who was photographed by Reuters carrying a white man to safety during … Continue reading ROYALS | Prince Harry Says Upbringing Blinded Him To Unconscious Racial Bias

BUSINESS | Mercedes-Benz to lift Aston Martin Stake To Up to 20% By 2023

MILAN | ITALY – Daimler unit Mercedes-Benz is to lift its stake in Britain’s Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker’s largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond’s carmaker of choice, has suffered a torrid time since it floated two … Continue reading BUSINESS | Mercedes-Benz to lift Aston Martin Stake To Up to 20% By 2023

BREAKING NEWS | Saudi Arabia Holds Off From Backing Action Against France Over Cartoons

RIYADH | SAUDIA RABIA – Saudi Arabia condemned cartoons offending the Prophet Mohammad, but held back from echoing calls by other Muslims states for action against images being displayed in France of the Prophet. A foreign ministry official also said in a statement that the Gulf state condemns all acts of terrorism, and apparent reference … Continue reading BREAKING NEWS | Saudi Arabia Holds Off From Backing Action Against France Over Cartoons

BREAKING NEWS | Arac De Triomphe Bomb Alert In Paris Lifted – Police

PARIS | FRANCE – The areas around the Arc de Triomphe and Eiffel Tower in central Paris have been reopened after briefly being evacuated on Tuesday in central Paris have been reopened after briefly being evacuated on Tuesday for security alerts, police told Reuters. The Arc de Triomphe area and surrounding subway stations had been … Continue reading BREAKING NEWS | Arac De Triomphe Bomb Alert In Paris Lifted – Police

BUSINESS | Jean Novel Concept Designs For Sharaan Resort In AlUla Unveiled

New concept designs for the Sharaan by Jean Nouvel resort revealed today after a deeper understanding of the architect’s daring vision for AlUla, the cultural oasis in north-west Arabia. Located deep within the Sharaan Nature Reserve, the design draw on the nearby Nabataean wonders of Hegra, Saudi Arabia’s first UNESCO World Heritage Site. In a … Continue reading BUSINESS | Jean Novel Concept Designs For Sharaan Resort In AlUla Unveiled

NEWS ALERT | Insulting Muslims is an abuse of free speech, Iran’s Zarif Says

MILAN | ITALY – Insulting Muslims is an ‘opportunistic’ abuse of free speech, Iran’s foreign minister said on Monday, in an apparent reference to remarks by French President Emmanuel Macron perceived to be critical of Islam. ‘Muslims are the primary victims of the ‘cult of hatred’, the minister, Mohammad Javad Zarif, tweeted, without directly addressing … Continue reading NEWS ALERT | Insulting Muslims is an abuse of free speech, Iran’s Zarif Says

BREAKING NEWS | Pakistan’s PM Takes Aim At Macron; Asks Facebook To Ban Islamophobic Content

MILAN | ITALY – – Pakistan Prime Minister Imran Khan called on Facebook to ban Islamophobic content on its platform, warning of a spike in radicalization Muslims, hours after he hit out at the French president for ‘attacking Islam’. Pakistan summoned the French ambassador in Islamabad as anger spread on Monday over President Emmanuel Macron’s … Continue reading BREAKING NEWS | Pakistan’s PM Takes Aim At Macron; Asks Facebook To Ban Islamophobic Content

G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Monday that the novel coronavirus pandemic demonstrated the flexibility and strength of the Saudi economy. In an address before the Business 20, he said: ‘We are determined to boost development and prosperity through empowerment and investment in new sectors’. Minister of Investment Khalid … Continue reading G20 SAUDI ARABIA | King Salman Says Pandemic Proved Flexibility, Strength Of Saudi Economy

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