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 ...

Bloomberg The European Union (EU) said its trade with the rest of the world would slump this year by as much as 868 billion euros ($963 billion), or more than 10%, in a gloomier updated forecast that offers fresh evidence of the global economic damage caused by the coronavirus. EU exports of goods and services will fall by 282 billion ...

Bloomberg Portugal will delay the planned reopening of malls in the Lisbon region after recording new clusters of the coronavirus outbreak. Malls in the area will remain closed until June 4, Prime Minister Antonio Costa said at a press conference. Portugal reported the biggest daily increase in coronavirus cases in three weeks due to new infections in the region. The ...