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S Korea condemns Myanmar violence

Bloomberg South Korean President Moon Jae-in called for the immediate release of Aung San Suu Kyi and other political detainees in Myanmar, while the United Nation’s Security Council is reviewing measures to take in response to the military coup in the Southeast Asian country. “Use of violence against the people of Myanmar must stop now,” Moon said in a post ...

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Spain plans debt relief in new $13b fiscal package

Bloomberg Spain is considering using part of a planned 11 billion-euro ($13 billion) fiscal package to provide debt relief to companies that have borrowed through the country’s state-backed loan program. The proposal would allow Spanish lenders a degree of flexibility to decide which borrowers should be granted relief, the officials said. Banks would absorb some of the write off and ...

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Ireland 2020 GDP up 3.4% amid Covid-19

Bloomberg Ireland’s economy expanded in 2020 despite the devastation of the pandemic as surging exports countered a slump in domestic demand. The nation’s GDP grows 3.4% in 2020, the central statistics office said, driven largely by the export sector. The domestic economy, however, struggled. “Today’s figures once again point to the dual economic impact of the pandemic, with domestic activities ...

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