Among companies getting millions in PPP loans: Korean Air

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A Korean Air Airbus 380 is being towed to a gate at Los Angeles International airport.

Fabrizio Gandolfo | SOPA Images | LightRocket via Getty Images

Korean Air’s U.S. operation received millions in federal small-business loans aimed to soften the blow of Covid-19, federal data shows.

The carrier received $5 million to $10 million in U.S. loans intended to help small businesses keep employees on their payrolls, according to a list of the largest recipients of loans in the Paycheck Protection Program released by the Trump administration on Monday.

The Seoul-based airline, South Korea’s largest, has about 500 employees in

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Top private jet companies got $200 million from the government

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An airport ground crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico.

Robert Alexander | Getty Images

The major private jet companies, including Wheels Up and OneSky Flight, received more than $200 million in government funding under the government’s payroll support program, according to recent filings.

OneSky Flight, which includes Flexjet, Flight Options, Sentient Jet and PrivateFly, received $84 million from the CARES Act Payroll Support Program, according to the Treasury Department list. Wheels Up, which includes Gama Aviation, Delta Private Jets and TMC Jets, received $74 million. Clay Lacy

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How have insurance companies faced COVID-19?

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Amid the COVID-19 pandemic, and with social distancing protocols in place, businesses have had to move their employees to work from home while continuing to provide clients with key services. In line with this, employers are faced with the challenge of assisting their team in this necessary change to their day to day operations.

Insurance Business wants to uncover the absolute best workplaces in Asia’s insurance industry for its inaugural Top Insurance Workplaces report. This is a great opportunity for employers to offer insight into how they have fared over the past 12 months, not only during normal day-to-day operations,

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‘Pointless’ to delist Chinese companies from U.S. stock markets, PIIE says

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U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011.

Andrew Harrer | Bloomberg | Getty Images

Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for International Economics.

U.S.-China relations are the worst they have been in decades and the stock market appeared to be one of the latest fronts where tensions between the two countries are playing out. The Senate in May passed a bill that could ban

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