BERLIN (REUTERS) - Chancellor Angela Merkel's ruling coalition on Wednesday (June 3) agreed a bumper stimulus package to speed up Germany's recovery from the coronavirus.. Read more at straitstimes.com.
BERLIN - Chancellor Angela Merkel's ruling coalition on Wednesday agreed a bumper stimulus package to speed up Germany's recovery from the coronavirus.
The stimulus programme follows a €750 billion rescue package agreed in March which encompassed a debt-financed supplementary budget of €156 billion. Finance Minister Olaf Scholz said the package will be partly financed by additional net new borrowing. Some €60 billion of the €156 billion in new debt approved in March have not been tapped, he added.
The package also includes at least €10 billion a year to help municipalities struggling with lower tax receipts with public spending on infrastructure and housing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British and German police seek information on new Madeleine McCann suspectLONDON (REUTERS) - British and German police said on Wednesday (June 3) they had a new suspect in the 2007 disappearance of three-year-old Madeleine McCann - appealing for information on a German man who is currently imprisoned in Germany on an unrelated matter.. Read more at straitstimes.com.
Read more »
Fifa calls for 'common sense' as German FA investigates Floyd protestsParis (AFP) - Fifa has called on leagues to use 'common sense' when deciding whether to discipline footballers for displaying political messages after several players in the German Bundesliga called for justice for George Floyd during matches.. Read more at straitstimes.com.
Read more »
Germany unveils US$146b stimulus to kickstart coronavirus-hit economyBERLIN: Germany will plough 130 billion euros (US$146 billion) into a stimulus package to kick-start an economy severely hit by the coronavirus ...
Read more »
South Korea announces $40b third stimulus budget to fight coronavirus miserySEOUL (REUTERS) - South Korea unveiled on Wednesday (June 3) a 35.3 trillion won (S$40.2 billion) supplementary budget, to raise the total stimulus to 270 trillion won for an economy facing its worst growth since the 1998 Asian financial crisis due to the coronavirus pandemic.. Read more at straitstimes.com.
Read more »
Stocks make cautious gains as US-China frictions slow recovery rallySINGAPORE: Asian stocks rose on Tuesday (Jun 2) as investors' focus on the prospects of a global coronavirus recovery won out over familiar ...
Read more »
Commentary: The future economy has arrived. It’s mostly digital and contact-freeThe coronavirus pandemic has accelerated trends in the Fourth Industrial Revolution, says Orange Business’ Nick Lambert.
Read more »