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Facebook announced a $100 million donation to a programme that buys overdue bills from women and minorities-owned small businesses. The Facebook Invoice Fast Track project buys outstanding invoices, giving money to small businesses that would otherwise have to wait weeks, if not months, for payment from their customers.
Coffee prices could remain "quite high" through 2022, according to Fitch Solutions, due to Vietnam's Covid-19 lockout, which has limited global supplies. The Southeast Asian nation exports the second-largest amount of coffee in the world. The country is dealing with its worst Covid epidemic since the outbreak began, and a lockdown in the country's exporting powerhouse, Ho Chi Minh City, has hampered coffee and other goods shipping overseas.
According to UBS, the Indian rupee has been one of the most stable currencies in Asia-Pacific this year, but that stability is projected to be fleeting. In a note dated Aug. 25, Swiss investment bank strategists predicted that the Indian currency will fall to 77 per dollar by the end of the year, down more than 5% from present levels, and decline further to 79.5 by September 2022.