Bloomberg An average of 178,000 workers have been exiting Spain’s furlough program every week to return to their jobs, a sign that the economic recovery is slowly gathering pace in a country that’s expected to suffer one of Europe’s deepest recessions this year. The daily exodus has accelerated as authorities gradually lifted a strict nationwide lockdown that crippled Europe’s fourth-largest ...

Bloomberg The UK government is set to award 5 billion pounds ($6.2 billion) of coronavirus testing contracts to private companies as it overhauls the way it tracks Covid-19. The tender from Public Health England, announced in a public notice, comes after Britain’s coronavirus-testing effort has been dogged by reports of missing tests and long waits for results. The UK currently ...

Bloomberg Budget restrictions for European Union (EU) member states will apply again after the coronavirus-driven recession is over, European Commission Executive Vice President Valdis Dombrovskis said in an interview with Corriere della Sera. The EU’s stability pact — rules to ensure members pursue sound public finances and coordinate fiscal policy — remains active, Dombrovskis said in the interview, specifying that ...