Bloomberg Backed by the US, European Union (EU) leaders moved to impose new sanctions on Belarus over the forced landing of a Ryanair Holdings Plc jet and the arrest of a dissident journalist. “It’s piracy,” German Finance Minister and Vice Chancellor Olaf Scholz said on Tuesday in a Bloomberg webinar. “I’m really, really angry about what happened and we cannot ...

Bloomberg Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne. The pandemic is projected to slash about 100 billion euros ($122.59 billion) from the output of Europe’s largest economy in the first half of 2021, adding to the hit ...

Bloomberg The UK posted a 31.7 billion-pound budget deficit ($45 billion) in April as the new fiscal year got under way. The shortfall reported by the Office for National Statistics on Tuesday was in line with the median forecast of economists but well below the 47.3 billion pounds registered in April last year, when the first coronavirus lockdown pummeled the ...