EU rift deepens as Commission sticks to EUR1trn recovery

The EU Commission is still going for a greater than one-trillion-euro recovery fund, its vice president stated on Tuesday (19 May) – some 24 hours after a German-French proposition required a EUR500 bn financial tool to assistance start Europe’s economy struck by the coronavirus pandemic. “Our ambition is not to increase the financing capacity in […]

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Coronavirus: Stock market surge sticks as $2trn US stimulus moves closer

A rebound in coronavirus-hit stock market worths is holding amidst indications the fiercely expected $2trn US stimulus bundle will be officially signed off later Wednesday. The Dow Jones Industrial Average had its best session, in portion terms, because 1933 while the FTSE 100 acquired one of the most in a day for 12 years on […]

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