Trump approves five-week extension for small business pandemic loan applications
WASHINGTON (Reuters) - U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.
Record debts come due for Canadian oil patch after five years of crisis
WINNIPEG, Manitoba/TORONTO (Reuters) - Six years ago, Canadian oilfield services firm Calfrac Well Services
commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion.
Canada should focus on boosting the economy even as debt climbs: analysts
TORONTO (Reuters) - Canada should focus on boosting economic growth after getting pummeled by the COVID-19 crisis, analysts say, even as concerns about the sustainability of its debt are growing, with Fitch downgrading the nation's rating just over a week ago.
German union in show of strength as Commerzbank's top duo exits
FRANKFURT (Reuters) - Commerzbank's
chief executive and chairman were under pressure from activist investors to axe jobs, but they decided to go first after a damaging clash with unions last week, sources close to the situation told Reuters.
Israel's El Al to become leaner after government bailout
JERUSALEM (Reuters) - El Al's
fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid.
Greece PM says won't accept strict EU conditions on COVID-19 aid - FT
(Reuters) - Greece will not accept strict European Union conditions on the use of the coronavirus emergency aid, Prime Minister Kyriakos Mitsotakis told the Financial Times newspaper in an interview published on Sunday.
Britain weighs vouchers to boost spending in virus-hit sectors, Guardian says
(Reuters) - British finance minister Rishi Sunak is considering plans to hand out vouchers of 500 pounds ($624) for adults, and 250 pounds for children, to spend in sectors of the economy hit hardest by the coronavirus crisis, the Guardian said on Sunday.
UAE restructures government, seeking more agility as it deals with coronavirus impact
DUBAI (Reuters) - The United Arab Emirates announced a broad government restructuring on Sunday for more "agile and swift" decision-making following the coronavirus pandemic, merging government entities and appointing new economy and industry ministers.
UK to double work coaches as lockdown hammers jobs market
LONDON (Reuters) - Britain's government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday.
German economy minister sees economic recovery from October
FRANKFURT (Reuters) - Germany's economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday.