Bloomberg Mario Draghi’s government has won lawmakers’ support for a 32 billion-euro ($36 billion) budget plan for 2022 aimed at supporting Italy’s growth. The bill was approved with a confidence vote in parliament in Rome, and will face a final formal vote. The spending plan — the first drafted by the executive led by the former European Central Bank ...

  Bloomberg The UK government will develop contingency plans to help companies and supply chains avoid disruptions from staff absences due to Covid-19, the Financial Times (FT) reported, citing the Cabinet Office. The government has identified a range of staff-support measures, including former teachers for schools and volunteers in the public sector, the newspaper said. It has asked private businesses ...

  Bloomberg Telefonica SA reached an agreement with unions in Spain to cut about 2,700 jobs through voluntary redundancies of older workers. The departures are expected to cost about 1.5 billion euros ($1.7 billion) that will be booked in fourth quarter earnings, the company said in a regulatory filing. The plan targets workers turning 55 or older in 2022 and ...