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Germany to borrow $246bn this year to pay for stimulus

Bloomberg The German government will request authorisation from parliament to raise a further 62 billion euros ($70 billion) in debt to help pay for its massive stimulus program, according to two people with direct knowledge of the plan. That would bring the total of new debt this year to 218 billion euros, said the people who requested not to be ...

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Sweden weighs stricter bond-trading rules

Bloomberg Sweden’s financial watchdog says it may need to tighten rules around bond trading following a liquidity crunch that led 35 fixed-income funds to slam shut in March. Peter Svensson, a spokesman for the Financial Supervisory Authority (FSA) in Stockholm, said one area of particular interest is an exemption granted to Swedish securities firms a few years back, essentially giving ...

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PM Johnson tells Brits to ‘shop with confidence’ as shops open

Bloomberg British Prime Minister Boris Johnson encouraged consumers to go out and “shop with confidence” when stores reopen in England on Monday, as he suggested social distancing rules will be eased. Johnson said coronavirus regulations requiring people to stay 2 meters apart in public spaces could be relaxed as infection rates fall. His signal will be welcomed by Conservative Party ...

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