Israel health chief quits in protest at lockdown easing – as it happened | World news

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A company belonging to Kanye West received millions in loans from a federal coronavirus stimulus package, raising questions about potential conflicts of interest given the rapper’s ties to the Trump administration.

On Monday, the US Small Business Administration released data on more than 40,000 companies that received loans of $150,000 (approximately £120,000) or more under the payroll protection program (PPP). As first reported by the Daily Beast, Yeezy LLC, a company established in Delaware but operated in California, received between $2m and $5m.

PPP loans are available for companies with fewer than 500 employees. They are voided if companies spend the money on eligible costs and retain staff during the coronavirus pandemic. Loans are reduced if a company cuts full-time employees or pay by more than 25%. According to a survey by CNBC, only a small fraction of applications have been successful.

West manages Yeezy LLC, which lists 160 employees and reported $1.5bn in revenue last year.

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US to leave WHO next year

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