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Biden administration seeking additional $30bn for Covid-19

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  Bloomberg Biden administration officials told lawmakers that they plan to seek $30 billion in new spending to combat the Covid-19 pandemic in conjunction with a $1.5 trillion government funding package lawmakers want to complete by March 11. Department of Health and Human Services officials made the informal pitch to lawmakers, with a formal White House request expected at a ...

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Italy opens up competition for lucrative beach resort licenses

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  Bloomberg Italian Prime Minister Mario Draghi pushed through long-delayed changes on how Italy assigns licenses for public beaches, despite the opposition of one of the parties backing his government. The government approved a plan to set up competitive tenders for the lucrative licenses from 2024, which allow bathhouses and resorts to be built on public land in exchange for ...

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Inflation jumps to 5.1% in Canada

  Bloomberg Canadian consumer price inflation accelerated to a new three-decade high in January, adding to pressure on the Bank of Canada to start raising interest rates as early as March 2. Annual inflation was 5.1% last month, up from 4.8% in December, Statistics Canada reported in Ottawa. Economists were anticipating inflation would be unchanged in January. The average of ...

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