Tag Archives: COVID-19

British Finance Minister Rishi Sunak said Tuesday that his country cannot continue to borrow huge sums in the long term because it is not sustainable for the economy. “It is clear that this year we have had to borrow huge sums to support the economy in a time of crisis, …

The German and Irish governments are reportedly trying to avoid a new lockdown, as part of preventive measures against the Coronavirus (COVID-19) pandemic, according to Reuters. As businesses could be hit hard, the move seems to be falling out of favor in Berlin and Dublin. “There must not be a …

A survey showed that the economic recovery in the Eurozone was faltering in September due to the decline of the service sector, which dominates the economy of the bloc, as a result of re-imposing some restrictions on activities to prevent a new spread of the Coronavirus. Rising infection rates in …

The United States House of Representatives recently passed a $2.2 trillion stimulus package to help the American economy face the impact of the Coronavirus (COVID) pandemic. The bill was passed by the Democratic majority in the house, however, objections from Republicans mean the relief package is not likely to pass …

The United States economy has been recovering at a rapid pace from the impact of the COVID-19 crisis, however, unemployment remains quite high, which means more monetary and fiscal support are needed, Federal Reserve Governor Michelle Bowman said on Wednesday, Reuters reported. “Even with this support, however, I anticipate that …

European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Quotes according to Reuters “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.”“Respect for …

British Prime Minister Boris Johnson announced on Tuesday that they will be introducing new COVID-19 restriction measures but noted that they will not be returning to a full lockdown as they did in March, as reported by Reuters. The PM said that they will be dropping the plan to allow …

The British Telegraph newspaper reported that Prime Minister Boris Johnson will encourage Britons to return to work from home if possible to help contain the outbreak of the Coronavirus. The newspaper’s chief political correspondent said in a tweet on Twitter, citing sources, that Johnson told lawmakers that “moving now means …

The coronavirus (COVID-19) crisis is far from over, a recent report by the International Monetary Fund (IMF) warned on Wednesday, according to Reuters. “The recovery remains very fragile and uneven across regions and sectors. To ensure that the recovery continues, it is essential that support not be prematurely withdrawn.” “Globally …

A spokeswoman for the World Health Organization said that the organization does not expect to provide immunization and prevention on a large scale from the disease Covid-19 before the middle of next year, stressing the importance of conducting accurate tests to ensure the effectiveness of vaccines and the safety of …