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Draghi sees 3.6% economic boost from EU recovery funds

Bloomberg Prime Minister Mario Draghi is seeking to restart Italy’s economy through a plan based on about $241 billion of European Union (EU) funding, with most of the cash allocated to digitalisation and transitioning to green technologies, according to a draft seen by Bloomberg. The windfall from the EU grants and loans will boost gross domestic product (GDP) by at ...

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AT&T explores sale of Rooster Teeth

Bloomberg AT&T Inc is seeking buyers for Rooster Teeth Productions LLC, a piece of its WarnerMedia division, as part of an ongoing winnowing of noncore assets by the phone giant, according to people familiar with the matter. The pandemic has complicated efforts to sell the business, said the people, who asked not to be identified because the matter is private. ...

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Brazil’s budget foreshadows another year of massive spending

Bloomberg Brazil President Jair Bolsonaro enacted a budget that will likely keep growing in size this year, as the government faces competing demands to spend more during the pandemic and to fund lawmakers’ projects in their home states. Bolsonaro vetoed almost 20 billion reais ($3.7 billion) in expenses, including 12 billion reais that had been set aside for lawmakers’ projects ...

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