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Italy approves $9.6b new stimulus package

Bloomberg Italy’s government has approved a fourth stimulus package to support businesses hit by the latest restrictions to stem the spread of the coronavirus. The package is worth 8 billion euros ($9.6 billion), according to a statement published on Monday. It delays tax deadlines for companies and expands cash handouts for workers in tourism and the arts, which have been ...

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Cyber Monday projected to hit pandemic-fuelled $12.7b

Bloomberg Online shoppers in the US are expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc, Walmart Inc, Target Corp, Best Buy Co and others have been ...

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Stocks slip after record rally; oil extends retreat

Bloomberg US futures slipped and European stocks steadied on the last day of the month after record-breaking rally in global equity markets. Oil extended a retreat on signs of discord among Opec+ ministers. The rotation that sent stocks to all-time highs showed signs of a slight reversal, with technology companies holding firm, while small-caps, banks and energy producers were broadly ...

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