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Covid-19: Italy plans to open travel next week

Bloomberg Italy’s health minister confirmed the country can go ahead with the plan to start allowing travel across the nation next week, even as some local governors oppose letting people from the hard-hit Lombardy region move freely. Data on the spread of the virus is improving and allows for the reopening among regions, Health Minister Roberto Speranza told newswire Ansa. ...

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Trump’s China response leaves room to de-escalate tensions

Bloomberg President Donald Trump’s long-touted response to China for its crackdown on Hong Kong included a barrage of criticism but stopped short of fully escalating tensions between the two nations. While the US president’s speech was heated in rhetoric, it lacked specifics around measures that would directly impact Beijing. He announced the US would begin the process of stripping some ...

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Canada cuts costs for wage subsidy

Bloomberg Canada cut the projected cost of its wage subsidy program while boosting the price tag for direct support to individuals, suggesting a slow return to work in the wake of Covid-19. The federal government’s wage subsidy program, meant to be its flagship measure to buffer the economy from the pandemic, will cost C$45 billion ($33 billion), 38% less than ...

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