Bloomberg Chancellor of the Exchequer Rishi Sunak can’t afford to wait for the budget on March 3 to provide extra support for hobbled UK firms, according to the UK’s biggest business lobby group. With Britain back in a severe lockdown, urgent action is needed to help companies survive, the Confederation of British Industry said in a letter to the Chancellor ...

Bloomberg The European Union (EU) risks squandering the potential of its recovery fund unless spending is properly policed, according to the biggest business lobby groups in eight Nordic and Baltic countries. The 27-member bloc agreed on a 750 billion-euro ($907 billion) pandemic relief package in December to help end the worst recession on record. The money is also supposed to ...

Bloomberg European car sales plunged the most on record last year as relatively resilient demand in the second half did only so much to make up for the collapse during the initial outbreak of Covid-19. New-vehicle registrations fall 24%, the European Automobile Manufacturers Association said on Tuesday, the biggest annual drop since records began in 1990. A strong finish to ...