Bloomberg European Union (EU) leaders meeting in Brussels were fighting to close a deal for a 750 billion-euro stimulus package as fiscally hawkish countries from the North tried to strip the plan of much of its firepower. While the Dutch government welcomed a new proposal unveiled that cut the amount of grants in the program to 450 billion euros from ...

Bloomberg The British government privately told Huawei Technologies Co. that the decision to ban the company’s equipment from the UK’s 5G networks stemmed partly from pressure by the US, the Observer reported, without saying how it got the information. British officials gave the Chinese company the impression that the decision could be reviewed, perhaps if US President Donald Trump fails ...

Bloomberg Mexico’s economy recovery will take longer than expected and will depend on evolution of coronavirus pandemic, Finance Minister Arturo Herrera said. International consensus was for a two-month lockdown followed by a fast economic recovery, Herrera said during a virtual meeting of G20 finance ministers and central bank governors. “The recovery horizon will be longer, as long as a vaccine ...