Bloomberg Spain is prepared to extend its furlough program beyond January, Social Security Minister Jose Luis Escriva said, in the clearest statement yet on the future of the wage-support policy. “We stand ready to reevaluate the situation,” Escriva said in an interview with Bloomberg News, one week after the government agreed to prolong its previous aid measure through January 31. ...

Bloomberg German manufacturers unexpectedly cut production, underlining risks resurgent infections pose for the economic recovery. Industrial output declined 0.2% in August following three consecutive gains. Economists predicted an increase of 1.5%. The Economy Ministry said the weakness was chiefly driven by a drop in auto manufacturing. A separate report showed factory orders improved for a fourth straight month. The German ...

Bloomberg Brazil is framing its slow-moving privatisation program as a way to protect forests and rivers following international investors’ mounting criticism of President Jair Bolsonaro’s environmental policies. Martha Seillier, special secretary of the Investments Partnerships Program, said infrastructure building via concessions and privatisations not only represents good business opportunities but is also an environment-friendly strategy as the country battles a ...