Bloomberg Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer Canada from its deepest recession since the 1930s. Trudeau’s finance minister, Bill Morneau, will provide a fiscal update that’s expected to show a current-year deficit of at least $163 billion, or 12% of economic output. The gap last year ...

Bloomberg France’s new government would seek to preserve the economy should a second wave of the coronavirus pandemic force it to bring back lockdown measures, Prime Minister Jean Castex said on Wednesday. “We won’t survive, economically and socially, an absolute and generalised lockdown,” Castex told BFM TV and RMC radio, adding that he advocated more targeted restrictions. France is still ...

Bloomberg Logistics company DHL International plans to lay off as many as 2,200 UK workers based at Jaguar Land Rover (JLR) factories in the latest blow to automotive jobs in the nation. About two in five of the DHL employees at JLR’s UK factories face dismissal, the union Unite said in a statement. DHL linked about half of the reductions ...