Recent Posts

Spain weighs major boost to $113bn loan guarantee plan

Bloomberg Spain is weighing plans to significantly increase the size of its 100 billion-euro ($113 billion) loan-guarantee fund after the program attracted huge demand from businesses struggling to weather the coronavirus pandemic, according to people familiar with the matter. Officials are considering pledging as much as 50 billion euros in additional guarantees, one person said. Others said the ultimate size ...

Read More »

German economy takes another step on slow path to recovery

Bloomberg German private-sector activity pointed to further signs of a turnaround from the virus slump, with output contracting in June by the least in four months. Both manufacturers and service providers saw a gauge for activity improve, even as production remained in decline overall. That suggests both sectors “were seemingly over the worst, but far from firing on all cylinders,” ...

Read More »

Wirecard’s ex-CEO Marcus Braun arrested in Germany

Bloomberg Wirecard AG’s former chief executive officer was arrested by Munich prosecutors after $2.1 billion went missing from the digital-payment company, in a scandal that has rattled Germany’s financial industry. Markus Braun, who resigned last week, was arrested in Munich as part of a probe into the company’s accounting practices, prosecutors said. The company is fighting for survival after acknowledging ...

Read More »
Send this to a friend