Nissan to speculate $17.6 billion to ramp up electrical car providing

A Nissan electric concept car will be on display in the company’s showroom in Yokohama, Japan on November 29, 2021.

KAZUHIRO NOGI | AFP | Getty Images

Japanese automobile giant Nissan will invest 2 trillion yen (approximately $ 17.6 billion) over the next five years to accelerate the electrification of its product line.

Nissan announced on Monday that it would launch 23 new electrified models by 2030, 15 of which will be fully electric.

By the end of the decade, the company is aiming for a 50% electrification mix for its Nissan and Infiniti brands.

On the battery front, the company plans to launch all-solid-state batteries, or ASSB for short, by 2028. A pilot plant for ASSB in Yokohama, Japan, will be completed “in fiscal year 2024”, called Nissan.

In a speech outlining the plans, Nissan chief Makoto Uchida said his company is focused on ASSB’s internal development.

“This enables us to double the energy density compared to current lithium-ion batteries,” he said. “With smaller and thinner batteries, we can offer a flexible layout with more dynamic performance and expand it to larger segments like pickup trucks.”

Nissan is one of several well-known companies pursuing an electrification strategy. In March, Volvo Cars announced a “Full Electric Car Company” by 2030. Elsewhere, BMW Group By 2030, at least 50% of deliveries should be fully electric vehicles.

It comes at a time when major economies around the world are trying to reduce the environmental footprint of transport.

Read more about electric vehicles from CNBC Pro

The UK, for example, wants to stop sales of new diesel and gasoline cars and vans by 2030. From 2035, all new cars and vans will have to have zero tailpipe emissions.

Elsewhere, the European Commission, the executive branch of the EU, aims to reduce CO2 emissions from cars and vans by 100% by 2035.

Earlier this month, signatories of a statement at the COP26 climate summit said they will “work in leading markets by 2040 and no later than 2035 to ensure that all sales of new cars and vans worldwide are emission-free”.

While the US, China and the automakers including Volkswagen, Toyota and Nissan were absent from the statement, signatories included the governments of the United Kingdom, India and Canada, and automobile companies such as ford, General Motors and Volvo cars.

Speaking to CNBC’s Steve Sedgwick on Monday morning, Nissan’s Uchida said his company must be “equipped and ready.” [for] how the market for … electrification will develop. “

While charging, Uchida emphasized the importance of collaboration. “We don’t just concentrate [at] … Nissan but also in the alliance [on] how we can further … contribute to building the infrastructure with regard to the charging stations. “

Renault-Nissan-Mitsubishi is an automotive alliance founded in 1999. Mitsubishi joined the strategic partnership in 2016.

Previous Navy unveils its most numerous sizing ever by providing each model in each dimension

Old Navy

(NEW YORK) – Old Navy is advocating size inclusion with the brand’s latest “Bodequality” campaign.

In more than one campaign, the fashion retailer announced that it would completely revise the company’s size range in order to offer every women’s style in every size from 0-30 and XS-4X without price differences.

The brand also confirmed on Wednesday that these changes will roll out in stores and online from August 20.

The store’s entire shopping experience around sizing, store visualization, and more will be fully updated, according to the company.

In 2016, a study published by the International Journal of Fashion Design, Technology and Education found that the average height of an American woman was between 16 and 18.

Earlier this year, the CDC released data for 2015-2018 showing that the average weight of American women is 170.8 pounds and 5 feet 3 inches. In most US stores, these measurements correspond to a trouser size 16 and over, or large to extra large.

However, GMA previously reported that only about 2,000 stores cater to women over size 12, according to Torrid’s CEO Liz Muñoz, compared to more than 60,000 stores selling traditional straight sizes 00-12.

Old Navy President and CEO Nancy Green saw a way to transform the women’s shopping experience by making it more size-independent, more inclusive, and she essentially ran with it.

“Bodqueality is not a one-time campaign, but a complete transformation of our business to serve our customers, based on years of working closely with them to research their needs,” said Green. “I’m proud of our Old Navy teams working together to develop the retail experience for women.”

In an effort to provide updated sizes that feel for a variety of body types, Old Navy performed 389 body scans to create digital avatars based on real female bodies.

Fit clinics with models wearing sizes 20-28 have also been run to build new fit blocks based on each of their unique proportions.

Old Navy also said it has teamed up with full-time fit models in sizes 8-20 to review the brand’s updated styles.

Similar to other big stores like Nike and most recently Victoria’s Secret, the company will offer mannequins in a variety of sizes like four, 12 and 18.

Online shoppers can also use a new toggle feature that allows them to choose their preferred standard model display.

Prior to introducing Bodequality, Old Navy offered sizes 0-14 as part of its women’s collection and sizes 16-30 as part of its Women’s Plus collection. With the new initiative, all women’s sizes will be integrated so that all customers with the same product access can share the same brand experience.

Several other retailers have a designated plus size area, but Old Navy also eschews separate areas, creating space for everything to be presented in one place, both in-store and online.

The price will now also be the same throughout the dimensioning process. Before Bodequality, there was a price difference between straight sizes and the Plus collection.

“Traditionally, making larger-sized garments requires more fabric and a different production process,” an Old Navy spokesman told GMA. “When introducing Bodequality, we changed our process so that we could create price parity for everyone.”

Old Navy employees also take customer-centric training courses to help create an environment where everyone feels they belong, the company said.

Old Navy first debuted its first Plus line in 2004 and launched dedicated Plus stores in 75 US stores in 2018. In the following year, the company converted 30 of these locations into size-integrated concept stores.

“Developing Bodequality has allowed us to rethink the way we serve women in retail,” said Alison Partridge Stickney, director of merchandising for women and maternity at Old Navy, in a statement.

“This launch is a transformative moment for our brand and the fashion industry,” said Partridge.

With the aim of getting Bodequality women everywhere, retailers will premier a TV spot in which Emmy-nominated actress and comedian Aidy Bryant dance alongside a diverse group of women to “I Am 100%” by Jarina De Marco.

Copyright © 2021, ABC Audio. All rights reserved.

Winter Park providing metropolis staff cash, break day for getting vaccinated – WFTV

WINTER PARK, Florida – Winter Park is offering $ 150 and a day off to anyone in the city with a full vaccination certificate, the city said.

The city announced that employees must present proof of full vaccination to the human resources department by September 15.

READ: Doctors in central Florida are concerned about the growing number of children being hospitalized with COVID-19

“We would like to encourage those employees who are not yet vaccinated to get vaccinated soon,” said a spokesman.

The city is hosting the Florida Department of Health at the Winter Park Farmers Market on Saturday and is offering a $ 10 grocery voucher to the first 50 people vaccinated there.

Click here for more information.

READ: 25,000 fully vaccinated people across the country tested positive for COVID-19, DeSantis says

Laborious Cash Lenders Arizona Now Providing Promote & Keep Choices To Help Throughout Time Of Want

PHOENIX, August 3, 2021 / PRNewswire / – Hard Money Lenders Arizona continues efforts to provide access to real estate and financial services for their Arizona clients. In an effort to provide more offers and support, Hard Money Lenders Arizona is expanding their programs to offer Arizona residents options to sell and stay in homes as they may face short term funding problems. These new programs are designed for homeowners seeking access to their home equity while having the flexibility to buy back their home at a later agreed date.

Given the combination of the economic impact of COVID-19 and soaring house prices, millions of Americans are real estate rich and cash poor. As a result of the recent credit crunch, lenders have strict policies that keep many homeowners from applying for refinance and equity lines. With no viable alternative options, many Arizona Homeowners are being forced to sell their homes and move. In response to this new and unique challenge many Arizonans faced, and as a trusted lender in the Valley for over 30 years, Hard Money Lenders Arizona decided to introduce several sell and stay options that will help people stay in their homes while they get the money they need now.

The company was built on the foundation and mindset that just because a person may not have traditional documents such as proof of work and high credit does not mean they should not be able to obtain credit or financing on all real estate Purposes. All of the specialists employed at Hard Money Lenders Arizona have mastered this mentality in a quick and efficient manner, providing clients with a wealth of knowledge about loan and home purchase programs.

For more information on Hard Money Lenders loan programs, please visit https://hardmoneylendersarizona.com/

SOURCE hard money lender Arizona

related links

https://www.hardmoneylendersarizona.com/

AMC Leisure Holdings, Inc. Completes 11.550 Million Share At-The-Market Fairness Providing Elevating $587.four Million in Further Fairness Capital

LEAWOOD, Kan .– () – AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) announced that it has completed its 11.550 million shares in the market (“ATM”) of its share program launched today. AMC raised approximately $ 587.4 million in new equity, before commissions and fees, at an average price of approximately $ 50.85 per share.

Commenting on the capital increase, Adam Aron, President and CEO of AMC said, “The contribution of an additional $ 587.4 million in new equity on top of the $ 658.5 million raised earlier this quarter results in a total capital increase of $ 1.246 billion in the second quarter, which is a significant strengthening and improvement in AMC’s balance sheet, which provides valuable flexibility to respond to potential challenges and seize attractive opportunities in the future. ”

About AMC Entertainment Holdings, Inc.

AMC is the largest film exhibition company in the United States, the largest in Europe, and the largest in the world with approximately 950 cinemas and 10,500 screens around the world. AMC has driven innovation in the exhibition industry through: the use of its signature electrically adjustable seats; Providing an improved selection of food and drink; Generate greater guest engagement through its loyalty and subscription programs, website and mobile apps; Offers world-class, large format experiences and plays a wide variety of content, including the latest Hollywood releases and independent programming. For more information, visit www.amctheatres.com.

Website information

This press release, along with other news about AMC, is available at www.amctheatres.com. We regularly publish information that may be important to investors in the Investor Relations section of our website. www.investor.amctheatres.com. We use this website to disclose material, nonpublic information, and to comply with our disclosure requirements under Regulation FD, and we encourage investors to periodically visit this section of our website for important information about AMC. The information contained on or accessed through our website is not incorporated by reference in this document and is not part of it. Investors interested in automatically receiving news and information when it is posted on our website can also visit www.investor.amctheatres.com to sign up for email notifications.

Additional information and where to find it

This announcement may be viewed as an advertisement in relation to the annual general meeting of shareholders (the “Annual Meeting”) of AMC Entertainment Holdings, Inc. (“AMC” or the “Company”). This announcement is not intended to be a solicitation or a solicitation of a vote or approval. In connection with the annual meeting, the company plans to file a power of attorney with the Securities and Exchange Commission (the “SEC”) and to send it to its shareholders in relation to the business to be conducted at the annual meeting other way to transmit. The Company may also file other documents with the SEC relating to the business of its annual meeting. This document is not a substitute for the proxy statement or other documents that the Company may file with the SEC.

BEFORE TAKING A VOTING DECISION, COMPANY SHAREHOLDERS ARE REQUIRED TO READ THE FULL COMPLETE, IF AVAILABLE, AS WELL AS ALL OTHER DOCUMENTS THAT THE COMPANY MAKES WITH THE SECOND ASSOCIATION OR ASSOCIATION BUSINESS CONDUCTED AT THE ANNUAL MEETING AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS TO BE CONDUCTED AT THE ANNUAL MEETING.

Shareholders can obtain a free copy of the power of attorney and other documents that the company files with the SEC (if available) through the SEC’s website at www.sec.gov. The company places on its investor relations website at www.investor.amctheatres.com Copies of materials it files with or makes available to the SEC.

Participant in the tender

The Company and its directors, officers and certain employees and other persons may be regarded as participants in the solicitation of proxies from the Company’s shareholders in connection with the business of the Annual Meeting. Securityholders may obtain information about the names, affiliations, and interests of the Company’s directors and officers in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 12, 2021 (the “2021 Form 10-K”). To the extent that the holdings of the Company’s securities have changed by the Company’s directors and officers since the amounts reported on the Company’s Form 10-K 2021, such changes have been or will be reflected in the change of ownership notices filed on Form 4 with the SEC.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the federal securities laws. In many cases, these forward-looking statements can be identified by the use of words such as “will”, “may”, “could”, “would”, “should”, “believe”, “expect”, “expect,” “estimate”, ” intends, “indicates,” “projects,” “goals,” “goals,” “goals,” “predictions,” “plans,” “searches,” and variations of these words and similar expressions. Examples of forward-looking statements are statements we make about the impact of COVID-19, future visitor numbers and our liquidity. Any forward-looking statement only applies at the time of its publication. These forward-looking statements may include, among other things, statements about AMC’s current expectations with respect to the performance of its businesses, financial results, liquidity and capitalization, and the impact on its business and financial condition and actions taken in response thereto regarding COVID-19 -Virus and are based on information available at the time the statements are made and / or the good faith of management at the time with respect to future events and are subject to risks, trends, uncertainties and other facts that could cause actual performance or results to differ materially may differ from those expressed or suggested in the forward-looking statements. These risks, trends, uncertainties and facts include, but are not limited to, risks related to: AMC’s ability to raise additional liquidity which, if not realized, or insufficient to generate the substantial amounts of additional liquidity that is required Unless it is able to achieve a more normalized level of operating income, it would likely result in AMC seeking judicial or extrajudicial restructuring of its liabilities; the potential impact of AMC’s existing or potential rental default; the impact of the COVID-19 virus on AMC, the movie exhibition industry and the economy in general, including AMC’s response to the COVID-19 virus related to theater cessation, downsizing and other cost-cutting and maintenance measures the necessary liquidity and increase in expenses related to precautionary measures at AMC’s facilities to protect the health and well-being of AMC’s customers and employees; AMC’s significant indebtedness, including its borrowing capacity and ability to meet its financial support and other obligations; The type, timing and amount of benefits AMC receives under the CARES Act or other applicable government benefits and support; the effects of impairment; Film production and performance; AMC’s lack of control over film distributors; intense competition in the geographic areas in which AMC operates; increased use of alternative film delivery methods or other forms of entertainment; Reduction of the exclusive theatrical release window; AMC Stubs A-List does not match expected sales projections; general and international economic, political, regulatory and other risks; Restrictions on the availability of capital; AMC’s ability to refinance its debt on favorable terms; Availability of financing on favorable terms or at all; Risks related to impairment, including relating to goodwill and other intangible assets, and theater and other closure fees; and other factors discussed in AMC’s filings with the SEC. Should one or more of these risks, trends, uncertainties or facts materialize, or should any underlying assumptions prove incorrect, actual results could differ materially from those expressed or expected in the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. Forward-looking statements should not be read as a guarantee of future performance or results and are not necessarily precise statements as to the times on or when such performance or results will be achieved. For a detailed discussion of the risks, trends, and uncertainties that AMC faces, please see the “Risk Factors” section on the company’s Form 10-K 2021 filed with the SEC and the risks, trends, and uncertainties identified in its others public filings were identified. AMC does not intend or undertake any obligation to update the information contained herein to reflect future events or circumstances unless required by applicable law.

Category: Corporate News

Joye in Aiken providing summer season jazz camp | Leisure

For students who are passionate about music, Joye in Aiken has some notable news.

From June 24th to 27th, Joye in Aiken (the non-profit organization known for its festival and outreach program with Juilliard artists) is hosting a four-day jazz camp open to student musicians from eighth to twelfth grades.

Top 10: Joye in Aiken offers a decade of unforgettable performances

The non-residential camp will be held in collaboration with USC Aiken and will take place on the university campus.

The camp is directed by Joye in Aiken Artistic Director for Jazz Riley Mulherkar. Mulherkar is a jazz trumpeter trained by Juilliard and received the prestigious Lincoln Center Emerging Artist Award in 2019.

Trumpet superstar and Juilliard alumnus Wycliffe Gordon will teach a master class as a visiting clinician. The Juilliard-trained pianist Mathis Picard and the other Juilliard alumni Bryan Carter (drums) and Dan Chmielinski (double bass) also take part as faculty members.

Sandra Field, president of the Joye in Aiken Board of Trustees, explains that campers will be very busy with classes and other activities throughout the jazz weekend.

“Camp opens upon registration on Thursday afternoon, June 24th,” said Field. “That evening the concert“ Jazz Explosion ”with the faculty members follows. On Friday and Saturday the students are in class from 9 a.m. to 4 p.m. On Sunday they rehearse and present a concert for the public. So your schedule will be very busy, but you will also have time to jam and make new friends. “

Pride and 'Joye': Joye in Aiken combines Sandra Field's passion for music and education

She notes that the intense camp curriculum will focus on rehearsing and performing as part of a jazz combo. Jazz improvisation, gaming and skill building; Music theory; and jazz history and appreciation.

Jim Capalino, Joye in Aiken Board member and main sponsor (with his wife, Carlin Vickery) for the four days of activities, said the Jazz Camp is a particularly effective and timely addition to the organization’s extensive outreach program.

“This is the first time since the Juilliard Jazz Camp here in 2013 that Joye in Aiken can offer something like this,” says Capalino. “Especially this year, when education has been so heavily influenced by COVID, we think it is important to be able to offer the students a fun experience that really offers them first-class teaching.”

The tuition for the camp is $ 200. Lunch is included and financial support is given to students who might otherwise not be able to attend.

“Access to the arts, and especially quality art education, is a very important part of Joye in Aiken’s mission,” says Capalino. “Financial circumstances should never be an obstacle. We want to make sure that the camp is open to all students who want to come and can benefit from it. “

Steve Naifeh: The Art of Joye

Capalino sums up by noting how unique the opportunity is for local music students. “The musicians who will be teaching this camp are among the best in their disciplines in the world,” he said. “To be able to learn from them, to jam with them, to be looked after by them, is an opportunity that can only arise once in a lifetime. I urge every interested student in our region to benefit from it. “

To register for the camp, visit www.joyeinaiken.com. Inquiries can be directed to the Jazz Camp Chair Jack Benjamin at jackb@usca.edu or Joye in Aiken Executive Director Janice Jennings Director@joyeinaiken.com.

United Method is providing cash to households in want | Saturday Information

FAIRMONT – As the pandemic appears to be resolving, families are still hurting to get financial help.

The Tygart Valley United Way announced on Friday the launch of the Fairmont Family Relief Fund to help families in need. The fund is made possible by money from the CARES Act and helps families affected by COVID and struggling to pay rent, mortgage or electricity bills in Fairmont.

“If families need help with re-letting we can help, if they have utility companies they are unfamiliar with we can help,” said Chris Yost, program manager at Tygart Valley United Way.

Eligible families are limited to a maximum of $ 2,000 in benefits. The United Way received a total of $ 100,000 for the project, which aims to support at least 50 families.

“We’re really grateful that we were able to bring these dollars to the community,” said Brett White, executive director of Tygart Valley United Way. “We wanted to make sure Fairmont got the dollars available.”

The money comes to Fairmont through a Community Development Block Grant, a long-term federal grant program. Commonly known as CDBGs, the grant funds in Washington are paid out to state capitals, which then forward them to the appropriate authorities in the local communities for assistance.

Some cities in West Virginia automatically receive the grants, but Fairmont does not. To help Fairmont families, United Way applied in October 2020 and is now receiving the funds they can give to those in need.

“It was a long process that we had to go through with the state,” said White. “We hope the next few rounds come a lot faster, but this will be a much-needed service for the people of Fairmont.”

Fairmont City Council held an emergency meeting last October to hold a public hearing on the Fairmont Family Relief Fund.

“The funds are used to pay service providers for people who cannot pay their mortgage or electricity bills due to COVID. It’s a coronavirus response scholarship, “Fairmont City clerk Janet Keller said last October. “The City of Fairmont is just the transit provider. We are applying for the grant, but the grant funds actually go to United Way for program administration. “

Since the beginning of the pandemic, those in need have asked the United Way for help. Now you have the opportunity to distribute this aid.

“It was a huge need even before COVID, but COVID really exacerbated the need,” Yost said. “We get calls every day about people needing help with renting or having their water turned off. Having the opportunity to help these families is just great.”

Applications for these dollars will begin on Monday. To apply, anyone can download the form from the United Way website or drop by their office in downtown Fairmont and pick one up outside.

Once the form has been completed and submitted, applicants will be asked to discuss their needs with Yost before they are approved. Applications are open until June 2022 or until the $ 100,000 issue.

“We knew from the beginning of the pandemic that there was a great need,” White said. “There are still a lot of bills that haven’t been received and we wanted to get that money out as soon as possible.”

Applications will be available outside the United Way office starting Monday. The applications can also be downloaded online at www.tvunitedway.org. For more information on the Fairmont Family Relief Fund, contact Tygart Valley United Way at 304-366-4550.

CEC Leisure raises $650 million by way of non-public notes providing and enters into $50 million revolving credit score facility

IRVING, Texas, April 23, 2021 / PRNewswire / – CEC Entertainment, LLC (“CEC Entertainment” or the “Company”), a nationally recognized leader in family entertainment and hospitality, today announced that it: a $ 650 million Offering its 6.750% Senior Secured Notes due 2026 (the “Notes”) and a new one $ 50 million revolving credit facility (the “Revolving Credit Facility”).

The Company used the proceeds of the Notes Offering to fully refinance its existing first and second maturity loans (including any applicable aggregate premiums), to pay fees and expenses related to the Offering and the Revolving Credit Facility, and to increase cash available for general corporate purposes.

“This refinancing gives CEC Entertainment more liquidity and more financial flexibility as we continue to recover from the COVID-hit business environment,” he said Jim Howell, CFO of CEC Entertainment. “The refinancing and the new revolving credit facility recognize the company’s strong family-friendly restaurant and entertainment brands and enable the company to achieve significant future growth.”

The Notes have been offered and sold only to and outside of persons believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) The United States, only to non-US persons who comply with Regulation S of the Securities Act.

The bonds mature May 1, 2026Both the Notes and the Revolving Credit Facility are guaranteed on a senior basis by CEC Entertainment Holdings II, LLC, the Company’s parent company, and the Company’s existing and future domestic subsidiaries. The Notes and Guarantees are backed by overriding security interests over substantially all of the Company and the Guarantors’ existing and future assets, subject to certain exceptions and permitted mortgages, which are the same assets that secure the Revolving Credit Facility for a “Super Priority” ” -Base.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

about the company
CEC Entertainment, LLC is the nationally recognized leader in family entertainment and dining with Chuck E. Cheese, Peter Piper Pizza, and Pasqually’s Pizza & Wings brands. Chuck E. Cheese is where a million happy birthdays are celebrated every year. His goal is to create positive, lifelong memories for families through fun, food, and play. Here a child can be a child. Chuck E. Cheese is committed to creating a fun and safe environment and protecting families through industry-leading programs like Kid Check®. A strong advocate of his local communities, Chuck E. Cheese has donated more than $ 16 million to schools through its fundraising programs. Peter Piper Pizza offers food, entertainment and souvenirs with pizzeria flair in the neighborhood and the culture “Pizza freshly made, families happy”. Peter Piper Pizza prides itself on delivering quality food and fun that reconnects family and friends. With a bold design and contemporary layout, an open kitchen that reveals much of their handcrafted food preparation, the latest technology and games, and adult beer and wine, the Peter Piper pizza restaurants appeal to parents and children alike. The company and its franchisees operate a system of 558 Chuck E. Cheese and 114 Peter Piper Pizza locations, with locations in 47 states and 15 countries and territories. More information is available at chuckecheese.com and peterpiperpizza.com.

Media contact
Brian Bell
972-942-8540
[email protected]

SOURCE CEC Entertainment, Inc.

FEMA begins providing cash to households to pay for funerals of COVID victims – WISH-TV | Indianapolis Information | Indiana Climate

INDIANAPOLIS (WUNSCH / CNN) – The Federal Agency for Disaster Protection pays up to $ 9,000 for a funeral and nearly $ 35,000 for families who have buried multiple people who have died of COVID-19.

The money is intended for families who have paid the funeral expenses out of their own pocket. However, the program’s debut on Monday was marked by busy signals and “technical issues,” the agency said on Monday, noting that it had received “thousands of calls” on the first day of operation.

“We ask applicants to be patient as we work to fix these issues and have all relevant documents ready when they call to apply,” said FEMA. “Please note that there is no application deadline and that applicants have the opportunity to open a case.”

More than 562,000 people in the United States had died from the coronavirus as of Monday Johns Hopkins University Center for Systems Science and Engineering Dashboard. A total of 12,746 Hoosiers have died of COVID-19 as of Monday. according to Indiana health officials.

Amy Sloan buried her father Charlie in April 2020. Charlie Sloan had a modest life insurance policy to cover some of the costs associated with his death. Amy, her sister, and her mother had to pay a few thousand dollars in funeral expenses that were not covered by the policy.

“Is my mother entitled to get some of this money back because the wording is very vague?” Sloan asked News 8.

When Charlie Sloan was hospitalized last year, his family was told that he was infected with the virus. Charlie Sloan’s family received a call in the middle of the night that it was time to take him off life support.

“The entire funeral was covered for the funeral home because the funerals were so small at the time that we technically didn’t have to pay for a service because there weren’t enough people to hold a service, and then we interfered for the entire funeral . the land cost for the cemetery and its stone, ”Sloan said.

FEMA assumes the costs for the coffin, the funeral, the transport of the deceased, the burial site and the burial or cremation for people who died of COVID-19 after January 20, 2020 The death must have occurred in the United States or in the US territories. The person seeking assistance must be a U.S. citizen, non-citizen, or a qualified alien or immigrant.

Andy Clayton, the managing director of Indiana Funeral Directors Associationsaid his group provides information to funeral homes and families. FEMA funeral aid money is paid directly to families, not funeral homes.

Clayton said, “You don’t have to be a citizen of the United States to be eligible if someone is in this country on a work visa or may be illegal and has died of COVID and it is listed on your death certificate as a contributing factor.”

People cannot apply for assistance online. You have to call 844-684-6333 and FEMA warns that there is already fraud;; Nobody is going to call to offer people to sign you up. The TTY number is 800-462-7585. Both numbers are open to callers on weekdays from 9 a.m. to 9 p.m. ET.

While FEMA has a history of helping families with disaster-related funeral expenses, CNN reports, the COVID-19 effort is the largest of its kind. Approximately $ 2 billion was raised from the $ 900 billion Congress approved in December, while the Democrats’ $ 1.9 trillion package last month backed the agency with an additional $ 50 billion in coronavirus costs.

Accel-backed cell cash platform NALA to start out providing remittance companies to East Africa – TechCrunch

According to a McKinsey reportIn 2017, the total number of mobile money services worldwide was 282, with more than half of the services operating in sub-Saharan Africa.

In 2020 these numbers increased significant, but the ratio remained similar. According to a GSMA report. Of this number, 171 are from Africa and 157 are from sub-Saharan Africa.

In Tanzania, there can be mobile money services relatively Difficult to use due to unstable internet and high service fees. Benjamin Fernandes noticed this as a national TV presenter on building a mobile money service that will enable people in East Africa to pay for TV subscriptions as early as 2011.

Six years later he started his own mobile money and wallet aggregator. NALAto solve these problems. Its first mobile application enabled users to pay mobile money and use mobile banking without an internet connection. The company grew to 250,000 users in over a year after it was officially launched.

Last year the WorldBank forecast a sharp decline of international transfers to Africa. While Africa is still the most expensive region to send money to, with average transaction fees of 10.6%, the opposite is true. Remittance activity on the continent increased.

For example, Kenya had the highest referral rate ever $ 3 billionwhile WorldRemit acquired Sendwave for $ 500 million in August 2020, and Mama Money said it grew 500 percent over the year.

NALA also noticed an increase in transfer requests, with one in seven users trying to get money internationally. This happened even though I was not in this business at the time. It’s not difficult to see why: right now, over 70% of money is sent to sub-Saharan Africa is being processed through physical deals. When many OTC services were suspended or restricted due to coronavirus restrictions, people were left with expensive, unreliable, or difficult to access alternatives.

Combined with the increasing trend towards digital-first financial services and eavesdropping on requests from some users, NALA began testing international money transfers in August 2020 facilitate Payments from the UK to Kenya, Uganda and Tanzania. By building a multi-currency ledger where people can send money from the UK to Tanzania and back to the UK, NALA can create an account, according to Fernandes wise for Africa.

I think international payments are only built up to 1% today. Until you can send money both ways perfect, Our job is not done yet, “Fernandes told TechCrunch. We believe African markets should also be sender markets. There is a lot of trade with other countries and most of the money is sent over expensive Bank transfers or in physical stores. It doesn’t have to be like that; It’s time for something better. ”

Various platforms are trying to achieve this, but none specifically target the East African region. According to the CEO, this is NALA’s game. “We see a great advantage for us here. We’re on the ground, we understand mobile money, we’ve built bill payments on top of our previous product, and this is an extension of that, ”he added.

Benjamin Fernandes (CEO, Nala)

Since graduating from Y Combinator as the first East African company in 2019 NALA has brought other interesting investors on board to support its mission. Most notable is Accel, which has was held under lock and key for some time. The VC firm rarely does business on the continent and has only invested in NALA and Egypt’s Instabug. Other supporters are NYCA partner and angel investors like Shamir Karkal (co-founder of Simple), Peeyush Ranjan (former CTO of Flipkart and current head of Google Payments) and Thomas Stafford (DST Global).

NALA has also used the services of Nicolas appreciates, He was Vice President of Engineering at Osper and worked at Monzo to become the company’s CTO, which Fernandes said will greatly improve the company’s chances of achieving its goal. “When we added someone of his caliber to our team, it only opened the doors to what we could achieve as he created multiple currency books for various large companies.”

Currently, however, the company will be rolling out a beta product next month for UK-based customers sending money to Kenya and Uganda (Tanzania will come later).. The company claims the service will support instant payments to all major mobile money accounts and is entering into a number of banking partnerships to make this possible facilitate Money transfers from East Africa to the UK.