Justin Trudeau’s government said it will run a budget deficit equivalent to nearly 16% of economic output, a level not seen since World War II, in a race to safeguard
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Italy Bets on Public Spending to Grow Out of Its Crippling Debt
Italy plans to dramatically expand public investment, focusing on boosting growth rather than reining in debt as the government plots its way out of the worst recession in a century.
Continue reading »China Shipments Stuck at India Ports Show Casualties of Standoff
Imports from China have been piling up at Indian ports pending government clearances, causing concern that a recent border standoff between the two nations could have an economic fallout that
Continue reading »China Factory Outlook Brighter in June as Recovery Continues
A gauge of China’s manufacturing activity climbed in June, signaling the country’s gradual recovery from the coronavirus slump remains on track. The official manufacturing purchasing managers’ index rose to 50.9
Continue reading »Taiwan Is Already Preparing for the Next Pandemic
Follow Bloomberg on LINE messenger for all the business news and analysis you need. Taiwan, one of the few places that’s effectively contained a coronavirus outbreak, is already stockpiling supplies
Continue reading »Federal Workers See Risks to Them in Trump Push to Reopen U.S.
As Donald Trump presses states to reopen, government workers and their unions say they’re increasingly concerned that their bosses will force them back to the office without sufficient protection. Agencies’
Continue reading »Government warns airlines on refunds, allows 5% of flights to halt
Boeing CEO: Coronavirus set air traffic levels back 3 years Boeing President and CEO David Calhoun discusses aviation recovery amid coronavirus, its set back with 737 Max complications and supporting
Continue reading »U.K. Unions Seek Virus-Safety Guarantees Before Return to Work
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The U.K.’s four biggest
Continue reading »Peru’s 35-Year-Old Finance Minister Is Suddenly a Rock Star
Everyone calls her Toni. Mothers take selfies of her with their children, and street hawkers push bracelets into her hand as presents. Artists sketch her portrait and post them to
Continue reading »Bolsonaro Bet Big With Two Promises and Both Are Faltering
Two big promises from Jair Bolsonaro have underpinned his popularity as Brazilian president. Both are now potentially under threat. Bolsonaro swept to power in 2018 as a self-described outsider who
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