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Your employer just received a PPP loan — here's what that means for you

When your company gets a PPP loan, it can affect you in several ways.First, you can still receive a paycheck if you choose not to return to the office — but this can affect your unemployment benefits.You're unlikely to get furloughed or laid off if your company received a loan, but it may decrease your pay rate — that said, some employers may choose to give raises to employees to entice them to come back to work.Visit Business Insider's homepage for more stories.You've probably read a lot about the government programs designed to help businesses stay afloat in an economy devastated by the COVID-19 pandemic. If your employer has received a Paycheck Protection Program (PPP) loan, that's good news. But you probably still have many questions: Will you be going back to work, when, and for how long?




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Buffets were already on their way out. The coronavirus pandemic may have dealt them a final blow.

75564832Plagued by bankruptcy filings, food poisoning incidents, and millennial disdain, buffets were struggling well before the coronavirus pandemic began.From 1998 to 2017, the number of buffet restaurants decreased by 26% while the number of overall restaurants grew by 22%.That decline may well be made worse by trends that are accelerating across the food industry: towards faster, more convenient, to-go options.Buffets will also have the hardest time convincing diners that they're safe after the pandemic— and rebuilding consumer trust will be key to restaurants' recovery.But buffets may have a chance if they expand takeout and delivery options, and pivot to cafeteria-style service.Visit Business Insider's homepage for more stories.The coronavirus pandemic has been devastating for restaurants




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Relief loans are going to areas with pre-existing bank relationships instead of most infected regions, Fed economists find

Paycheck Protection Program, or PPP, loan approvals are more concentrated in areas with existing small business-bank partnerships instead of regions hit hardest by the coronavirus, Federal Reserve Bank of New York economists wrote Wednesday. Virus hotspots including New York, New Jersey, Michigan, and Pennsylvania are receiving fewer PPP loan approvals per small business than less-affected states.The economists found "strong similarity" between states with high proportions of small business-bank financing relationships and PPP loan issuance.States with larger shares of community banks also issued a greater proportion of relief loans, the Fed found.Visit Business Insider's homepage for more stories.Emergency loans issued by the Small Business Administration have been more concentrated in areas




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Morrissey bans meat from Vivid LIVE concert at Sydney Opera House

Controversial former Smiths singer Morrissey has banned meat from being served backstage when he performs at Vivid at the Sydney Opera House in May.




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Beau Ryan shares Instagram photo with daughter Remi at Vivid Sydney

Despite a difficult few months, Beau Ryan, 31, looked happier than ever spending quality time with his three-year-old daughter Remi as they watched a light display in Sydney on Friday




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Vivid Sydney's best kept secrets revealed

Whether it's an evening of family fun, a picturesque date night or an excuse to catch up with friends amid serene surroundings, the Sydney festival has something for everyone.




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Kidnap twist after Australian woman is charged over disappearance of younger lover

Samba Widhyastuti, 59, was arrested at Charles de Gaulle airport in Paris last month - three years after her 25-year-old boyfriend Florent Gregoire, from Nantes, disappeared.




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Bristol 28-15 Harlequins: Record-breaking Bears rise to third after duo of Luke Morahan tries

Two tries from Luke Morahan and 13 points from the boot of Callum Sheedy ensured Bristol made history with a 28-15 win over Harlequins, earning five Premiership wins in a row.




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SIR CLIVE WOODWARD: England have their mojo back but please, no more idiotic behaviour

SIR CLIVE WOODWARD: I was really impressed with how England bounced back from their World Cup final disappointment because that will have been difficult.




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Rhys Carre reflects on his role in Wales squad after weight loss gave his career a new lease of life

Rhys Carre has gone from plump to Wales' new trump card in the pack in the space of a year after he had no contract at Cardiff Blues this time last season and weighed 21-stone.




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Six Nations TV rights auction put on hold due to mass postponements caused by deadly coronavirus

EXCLUSIVE: The Six Nations television rights auction has been put on hold due to the mass postponements caused by the coronavirus outbreak this week. Broadcasters were expecting feedback.




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George Wilson 'Doddie' Weir opens up on motor neurone disease battle

Surrounded by the trophies accumulated by a football club over more than a century, Doddie Weir temporarily abandons his rugby past and dives, studs up, into fitba' speak.




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Premiership Rugby clubs BLOCK plan to allow Saracens Itoje to play on loan at Racing 92 next season

Maro Itoje has had a one-year loan move to French side Racing 92 blocked by Premiership Rugby clubs after Saracens relegation from the English topflight.




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Euro rugby is next to face total shutdown from coronavirus outbreak

Europe's premier rugby competition is set to be postponed indefinitely at an EPCR board meeting on Monday. The Champions Cup quarter-finals were scheduled for early next month.




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Premiership Rugby and European fixtures to be suspended for at least a month amid coronavirus chaos

As of Sunday night, most clubs were still gathering their players for training on Monday morning, despite the impending news.




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Coronavirus: Rugby shutdown will leave the game on a knife-edge... clubs need contingency plans

CHRIS FOY - WORLD OF RUGBY: Very few sports have the monetary resilience to withstand this crisis and rugby certainly isn't one of them.




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The rugby season is OVER: RFU announces cancellation of the domestic game amid coronavirus crisis

WILL KELLEHER: The RFU have prematurely ended all rugby in England at all levels - aside from the Premiership - in the midst of the coronavirus pandemic.




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Desperate clubs beg the RFU for clarity and cash after season cancellation

Grassroots teams have urged the RFU to delve into their deep pockets to save ailing clubs, after the Union cancelled the rugby season because of the coronavirus pandemic.




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Rob Baxter, Dave Attwood and Tom Wood give their thoughts on the domestic rugby season

The RFU have cancelled all rugby in England at all levels this season - aside from the Premiership - amid the COVID-19 crisis. Sportsmail gauges views from within the game about the surreal scenario.




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RFU fear losing massive £50m in revenue from coronavirus pandemic

The RFU fear they will lose up to £50m in revenue during the coronavirus pandemic without the use of their prize asset, Twickenham stadium.




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England star Billy Vunipola commits to stay at Saracens for season in the Championship

England international Billy Vunipola insists he is 'definitely staying' at Saracens and hopes to help the crisis-hit club secure an immediate return to the Gallagher Premiership.




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George Kruis fears he has played last Six Nations game for England

England lock George Kruis has admitted his frustration at seeing possibly his last Six Nations derailed but insists rugby players have not got it as bad as Olympic athletes.




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Eddie Jones agrees to take 25 per cent pay cut from £750,000-a-year salary

Eddie Jones has agreed to a pay cut 'in excess of 25 per cent' as part of the RFU's attempts to off-set the financial impact of the coronavirus outbreak, which has led to a shut-down of the rugby season.




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Billy Vunipola confirms he will STAY at Saracens despite relegation over breach of salary cap rules

Billly Vunipola has ended speculation about his future by confirming that he will stay at Saracens next season, despite their demotion to the Championship.




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England fly-half prospect Marcus Smith turns to mindfulness coach to deal with isolation stress

When Luke Doherty took himself to a retreat in the mountains to learn about Buddhism, little did he know his techniques would be used to help guide rugby players through the stresses of a pandemic.




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My blueprint for the game's future... Cut the Premiership to 10 teams and bring in a global club cup

CHRIS FOY - WORLD OF RUGBY: The coronavirus shutdown has forced rugby into an emergency spell of introspection and exposed the need for change. Here is this column's vision for the sport's future…




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World Rugby chief Bill Beaumont on fears that game faces financial apocalypse

EXCLUSIVE BY CHRIS FOY: Bill Beaumont has warned rugby's global community that 'everyone will suffer' in the fall-out from the coronavirus shutdown, called for unity and more state help.




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RFU will complete the Championship season with 'a best playing record formula'

The RFU will determine the final places of the Championship - the second tier of domestic competition - with a 'best playing record formula' after ending the season early due to coronavirus.




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Eddie Jones may be Marmite but there was no obvious candidates to replace him as England head coach

CHRIS FOY: There has been a polarised response to the news that Eddie Jones will remain England's head coach until the 2023 World Cup. Many people are delighted. Others are aghast.




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Twickenham stadium offered for NHS medical use by head of RFU Bill Sweeney amid coronavirus crisis 

RFU CEO Bill Sweeney has also said that the Marriott hotel adjoining the stadium could be used to accommodate doctors and nurses, and the north car park for drive through testing.




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Jonny May to leave Leicester Tigers at the end of the season as he secures return to Gloucester

Jonny May represented Gloucester between 2009 and 2017 and will make a homecoming return to the club from July 1 as he has announced he will leave Leicester Tigers at the end of the current season.




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How Wales Women's international Alecs Donovan is helping Bristol Bears reach next level with yoga

In a Bristol team which contains Charles Piutau and Steven Luatua and will soon add Kyle Sinckler and Semi Radradra, it takes a lot to be described as one of the Bears' 'signings of the season.'




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Argentinian great Agustin Pichot promises a revolution as he challenges for World Rugby's top job

EXCLUSIVE INTERVIEW BY NIK SIMON: World Rugby has found itself at a revolutionary crossroads after Agustin Pichot launched a late bid to challenge Bill Beaumont in the presidential elections.




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Dan Leo urges rivals Bill Beaumont and Agustin Pichot to fix inequality in the game

Bill Beaumont or Agustin Pichot, the rivals standing next month to lead World Rugby, must be shocked into a drastic overhaul of the game following the coronavirus pandemic. 




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Steve Borthwick to become Leicester's new head coach on July 1 after leaving England role

Steve Borthwick will become Leicester's new head coach on July 1, as current boss Geordan Murphy moves to become director of rugby. 




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Billy Vunipola on his Lions and World Cup dreams... and why Saracens need to be humble

EXCLUSIVE BY CHRIS FOY: Vunipola is glad Jones will continue to provoke trepidation and inspiration among players because he believes the Australian can lead them to World Cup glory.




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Coronavirus UK: Scottish Rugby Union says temporary wage cuts for top-earning stars are necessary

The Scottish Rugby Union this week proposed reductions ranging from 10 to 25 per cent over a five-month period for all players earning more than £50,000 in response to the coronavirus outbreak.




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Exeter will play Jonny Gray this season if fixtures resume in July

Exeter coach Rob Baxter could finish the season with a new-look team if the Premiership resumes in summer. Standard contracts run until June 30, when many players will transfer to new clubs.




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Saracens take drastic financial measures as Owen Farrell defers £300,000 of salary until September 

The English league champions confirmed last night they had taken advantage of the government's furlough scheme - meaning all their players' wages are now part-funded by the state.




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Alex Mitchell is the scrum half earmarked by Eddie Jones to fill England's gaping void

EXCLUSIVE INTERVIEW: Picked as a Six Nations 'apprentice' in January, complete with the customary asterisk to mark his status, Alex Mitchell is Eddie Jones' latest England project.




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In his fifth week in isolation Jack Nowell builds Lego sets and discusses potential mid-season moves

JACK NOWELL: The England international has remained busy building lego sets, taking on a pro gamer and keeping himself fit and healthy in week five of his lockdown due to coronavirus.




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'Tell Clive I'm still alive and kicking': Sir Bill Beaumont vows to lead 'global revolution'

EXCLUSIVE BY NIK SIMON: Sir Bill Beaumont says he 'still alive and kicking' as he revealed his manifesto to be re-elected as World Rugby chairman after Sir Clive Woodward backed Agustin Pichot.




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Harlequins CEO Laurie Dalrymple relishing baptism of fire following move from Premier League Wolves

For Premiership chief executives during the coronavirus pandemic it is not so much that the management text-book has been thrown out the window.




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Sir Bill Beaumont's link to convicted killer at the top of Fiji rugby slammed

EXCLUSIVE BY NIK SIMON: Sir Bill Beaumont's attempt to win re-election as World Rugby chairman has been thrown into further chaos after the governing body received a damning letter.




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Beaumont's bid for re-election as World Rugby chairman rocked by resignation of key ally Kean

Sir Bill Beaumont's campaign to be re-elected as World Rugby chairman was on a knife-edge on Tuesday night, after one of his leading supporters was dramatically ousted by the Fijian Rugby Union.




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Former England international Ben Foden contemplating one final season of rugby

Ben Foden is supposed to be taking part in his second and final season of Major League Rugby on behalf of New York. However the season has been suspended due to the coronavirus.




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European chiefs slam World Rugby for leaving them out of key talks

World Rugby have stated intentions to reschedule coronavirus-hit Tests for October, despite those weekends already being set aside for club rugby and the EPCR claim clubs have been overlooked.




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Bill Beaumont turns to ex-Lions pals to secure votes of Wales and Ireland in World Rugby election

EXCLUSIVE BY CHRIS FOY: Bill Beaumont has turned to ex-Lions team-mates to 'keep Wales and Ireland on track' in the World Rugby chairman election.




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Pichot challenges Beaumont to a live debate in a last-minute bid to win election swing voters

EXCLUSIVE BY NIK SIMON: A four-day voting window opens on Monday and a handful of members remain undecided in what is expected to be the closest ballot battle in rugby's history.




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Top physio warns England's leading rugby stars could lose THREE STONE of muscle during lockdown

England stars could lose up to THREE stone in muscle during the coronavirus lockdown and it could take them a month to get back to a safe level to play, claims a top physio.