Bloomberg The European Union (EU) must honour its vaccine contracts even as the sluggish rollout puts pressure on governments there, Ben Wallace, the UK defense secretary, told Sky News on Sunday. “The commission knows deep down that this would be counterproductive,” Wallace said. “They’re under tremendous political pressure at the European Commission. It would damage the EU’s relations globally if ...

Bloomberg Germany is mulling around 70 billion euros ($83 billion) in extra debt spending this year to fight the fallout from the coronavirus crisis, according to a person familiar with the plans. Finance Minister Olaf Scholz needs those additional funds because the country’s lockdown is dragging on much longer than expected, the person said, cautioning that the exact number is ...

Bloomberg Latin America faces risks as its economy rebounds from the worst downturn in two centuries, with better fiscal policy needed to ensure a sustained recovery, according to region’s development lender. Output will grow 4.1% this year as vaccine rollouts proceed and businesses continue to open, the Inter-American Development Bank said in forecasts released at its annual meetings. The bank ...