The Global Five: Biz Buzz Before Breakfast: Ancient Craft for the Global Market
Today's roundup shows how small businesses adapt, innovate, and speak out against global shocks, from Aussie tax breaks to global craft revivals.
5 @ 5
✍️ George Moen | WBN News Global – Canada Edition | April 19, 2025
📚 From Aussie tax breaks to global craft revivals, today's roundup shows how small businesses adapt, innovate, and speak out against global shocks.
📌 At A Glance:
- 🇦🇺 Australia pledges tax relief to startup founders
- 🌐 Kyrgyz artisans go global with handmade felt exports
- 🇺🇸 U.S. businesses say government must act on key economic barriers
- 🇬🇧 UK unleashes £20B to aid small business exporters
- 🇺🇸 World Cup 2026 stirs fears of displacement for small biz
🇦🇺 1. Australia’s Coalition Proposes Tax Breaks for Startups
Date: April 19, 2025 | Source: The Guardian
Summary: Australian opposition leader Peter Dutton has proposed “entrepreneurship accelerators” to deliver tiered tax offsets for startup founders. The move encourages business formation and innovation in a strained global market.
Why It Matters: These tax offsets could jumpstart thousands of new ventures, giving small businesses a fiscal edge as inflation and tariffs threaten margins worldwide.
🌐 2. Kyrgyzstan’s Tumar Art Group Revives Ancient Craft for the Global Market
Date: April 14, 2025 | Source: The Verge
Summary: Tumar Art Group has modernized Kyrgyzstan’s traditional wet felting, producing viral felt slippers and expanding through e-commerce. The group’s success highlights the intersection of cultural heritage and digital reach.
Why It Matters: It’s a masterclass in grassroots globalization, proving that small businesses can scale internationally with cultural authenticity and smart online marketing.
🇺🇸 3. U.S. Small Business Owners Urge Washington to Act
Date: March 2025 | Source: Goldman Sachs
Summary: A major survey shows 69% of small business owners are optimistic about 2025 but demand swift government action on inflation, access to capital, and skilled workforce development.
Why It Matters: Hope alone won’t drive recovery. Structural barriers are real, and policymakers ignoring them could stunt the economy's backbone.
🇬🇧 4. UK Commits £20 Billion in Export Finance to Support SMEs
Date: April 12, 2025 | Source: Reuters
Summary: The UK has expanded its export financing program to £80 billion, targeting small businesses hit by tariff turbulence and global trade disruption.
Why It Matters: Cash flow is king for small businesses looking to scale globally. This massive support injection could be a model for other countries to follow.
🇺🇸 5. Entrepreneurs Worry FIFA World Cup 2026 Will Displace Small Biz
Date: April 17, 2025 | Source: Startland News
Summary: Kansas City entrepreneurs are concerned that upcoming World Cup festivities may gentrify neighborhoods and leave small businesses behind.
Why It Matters: Mega-events like the World Cup can boost tourism and harm the local fabric. Small businesses must be part of the planning, not collateral damage.
👀 Watch List – Developing Stories To Keep An Eye On:
- 🇨🇳 Fly By Jing CEO slams new U.S.–China tariffs (Business Insider)
- 🇦🇺 Rising operational costs challenge Aussie SMEs (ABC News)
- 🇦🇺 Labor Party vows to protect penalty rates (The Guardian)
- 🇺🇸 Loftie CEO shifts model due to tariffs (Business Insider)
- 🌍 Global survey reveals AI and Musk reputational risks (The Guardian)
- 🇺🇸 Small business tax deduction in danger (NFIB)
- 🌍 SME Climate Hub survey shows green progress (We Mean Business Coalition)
- 🇬🇧 HSBC: Most UK manufacturers expect negative tariff impacts (The Times)
- 🇺🇸 2/3 of SMBs expect tariffs to hurt profits (PYMNTS)
- 🇺🇸 SBA announces Small Business Week 2025 plans (SBA.gov)
George Moen – Publisher, WBN News Global
📩 gmoen@wbnn.news
TAGS: #5 @ 5 #Small Business News #Global Economy #Startup Support #Trade Policy #Digital Crafts #World Cup 2026 #Export Finance #Business Trends #WBN News
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