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Smoke and mirrors of EU budget math may not cut it after virus

Bloomberg When the European Union (EU) presents its plan to rebuild its economy after the coronavirus, it’s likely to include three kinds of funding: taxpayers’ money, borrowed money and theoretical money. Officials in Brussels have a tendency to pad out their flashy headline figures with the theoretical stuff. But investors trying to gauge the strength of the policy response would ...

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Google staff won’t go back to work until June 1

Bloomberg Google employees won’t be back at their offices for at least two more months, and even then any return will be “staggered and incremental,” Chief Executive Officer Sundar Pichai said in an email to his workforce. The bulk of Google’s US employees are based in California’s Bay Area, which just extended several stay-at-home orders through the end of May. ...

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Virus may force changes at China’s political pageant

Bloomberg China’s plan to resume annual parliamentary sessions delayed by the coronavirus outbreak next month could be seen as a statement of the country’s commitment to get back to normal. The actual gathering may end up showing how much has changed. The National People’s Congress (NPC) will start its annual session on May 22, the official Xinhua News Agency said ...

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