Bloomberg Toronto home sales surged in March, though government measures to stem the spread of the Covid-19 virus slowed real-estate activity in the second half of the month. Sales in around Canada’s largest city jumped 12.3% from a year earlier to 8,012 transactions, while the benchmark price climbed 2.3% from February to a non-seasonally adjusted C$865,200 ($611,881), the Toronto Regional ...

Bloomberg Bankruptcies among Swedish restaurants and hotels jumped by 123% in March as measures to contain coronavirus pandemic stopped people from making trips and socialising. The transport sector was also hit hard with bankruptcies rising by 105% in March compared to same month a year ago, according to business and credit reference agency UC. The overall number of companies going ...

Bloomberg The European Union (EU) announced a plan to discourage businesses in the countries’ worst hit by the coronavirus from firing workers as they struggle to make ends meet. Amid criticism that the EU has done too little to mitigate the economic impact of the pandemic, the European Commission signaled that it will use central funds to pay companies to ...