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There has been a devastating impact on small businesses around the world as a result of the COVID-19 virus pandemic. This study examined the many ways in which small businesses have been affected by the pandemic, the challenges they have encountered, and the strategies they have implemented to survive and grow. The epidemic has not only had far-reaching ramifications for small enterprises, but it has also had a catastrophic effect on the economy of the entire world. The fact that clients of small businesses are remaining at home and not spending money has presented them with a number of challenges, including an increased risk of failure, mental health difficulties, and the difficulty of adapting to the new digital world. It is imperative that governments all around the world take steps to provide assistance to local firms if these difficulties are going to be mitigated. This involves offering monetary support, access to money and funding, resources and knowledge, as well as training and mentorship programmes, and resources pertaining to mental health. In addition, governments should make it possible for small enterprises to gain access to legal assistance in order to better assist them in navigating the ever-shifting regulations and constraints imposed by governments. This will ensure that small businesses have access to the resources they require to not only survive but also grow in this new environment.

This study analyzes the implications of the Russia-Ukraine conflict on the international banking industry. The study establishes that the economic sanctions imposed on Russia have gravely affected the international banking sector. Primarily, the study highlights that the US government implemented a sanction that prohibits the Central Bank of Russia from using the US dollar for payments. This move has rendered all the reserves by the Russian government and its citizens, which are kept in US dollars worthless and inaccessible, leading to huge losses for domestic and international banks. Moreover, this study outlines that banning Russian financial institutions from using SWIFT has limited the financial payments that are being completed in the global banking sector between Russian consumers and companies, and other merchants across the world. This study also establishes that the withdrawal of services by Visa, MasterCard, American Express, and Paypal from the Russian economy as a protest against Russia’s invasion of Ukraine has led to a decline in revenues for international banks. As a measure to mitigate the adverse implications of economic sanctions on sovereign states in the future, the study suggests the adoption of diverse global payment systems such as CIPS and SPFS, which can cushion the international banking industry against the potential adverse effects of being denied the right to use the world's dominant currencies and the SWIFT messaging system to make payments.

The spark plasma sintering (SPS) technique was found to effectively improve the mechanical properties of TiB2–SiC ceramic by forming a unique interlocking structure. This study investigated the phase transition process of the hexagonal micro-platelets TiB2 powders with self-assembled structure during the molten-salt-mediated carbothermal reduction and its effect on promoting the mechanical properties of TiB2-based ceramics. It was found that the SPS approach ensured a highly densified TiB2–SiC ceramics with enhanced Vickers hardness of 21.0 ± 1.3 GPa and fracture resistance of 7.8 ± 0.3 MPa m1/2. The performance enhancement of the resultant TiB2–SiC composite was attributed to the interlocking structure from the original anisotropic TiB2 powders, which could effectively absorb the energy and facilitate the crack deflection.

Poor antioxidant and thermal-shock capacities of C/C composites thermal barrier coating (TBC) caused by cracking and shedding of coatings has been a major obstacle blocking the development of C/C composites. Herein, in-situ growth of whisker reinforced silicon carbide transition layer and inter-embedding mechanism of multi-gradient coatings were brought into the design of TBC to enhance the antioxidant and thermal-shock capacities. A three-layer gradient coating SiC-SiCw/ZrB2-SiC/ZrSiO4-aluminosilicate glass (ZAG) from inside to outside, in which ZrB2-SiC/ZAG serve as oxygen barrier layers with self-healing ability and SiC-SiCw provides thermal stress buffering and bonding against cracking and shedding of coatings, is designed. The ZAG mainly forms a dense oxygen blocking frontier with self-healing ability through fluidized glass, while the ZrB2-SiC can react actively with infiltrated oxygen in a way of self-sacrifice, preventing oxygen erosion to C/C matrix and SiC-SiCw transition layer. As a result, the collaborative work among layers endows this coating with excellent high temperature service performance. This work provides a new insight for the design of excellent TBC.