Bloomberg UK Chancellor of the Exchequer Rishi Sunak is planning to give a one-time benefit payment of 500 pounds ($680) to nearly six million people to help ease the economic fallout from a third coronavirus lockdown, the Times of London reported. The plans come ahead of an April deadline when last March’s 20 pound-per-week uplift to universal credit payments is ...

Bloomberg The European Union (EU) has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the US dollar and lessen the bloc’s vulnerability to financial risks, including US sanctions. The plan includes measures to help protect against currency shocks, and allow greater scrutiny of foreign takeovers, according to a draft ...

Bloomberg Prime Minister Justin Trudeau is formally instructing Canada’s finance minister to re-establish a firm budgetary target after the Covid-19 crisis and avoid creating any new permanent spending. In a so-called mandate letter to Chrystia Freeland, who is also deputy prime minister, Trudeau said she should spend as much as need to tackle short-term economic challenges but avoid any new ...