Bloomberg UK jobless claims more than doubled to almost 3 million during the virus lockdown, adding urgency to the Bank of England and government’s efforts to cushion the blow. The number of people seeking unemployment benefits increased by more than 1.5 million in the two months through May, the Office for National Statistics said on Tuesday. The figures show the ...

Bloomberg Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a $65 billion restructuring deal, according to people familiar with the matter. The Ad Hoc Bondholder Group and Exchange Bondholder Group submitted an offer in which they agreed to accept losses on a net-present value basis ...

Bloomberg Investors see some signs that the recovery in Europe’s largest economy has started to take off. A ZEW gauge of current conditions in Germany advanced in June, and expectations for the next six months continued to improve. The data underscore hopes that the economy will grow again in the second half of 2020. The country’s government has made more ...