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Germany all set to broaden economic aid to more areas

Bloomberg Germany will broaden its economic aid to more areas including arts to help them weather the fallout from the coronavirus, the Tagesspiegel newspaper cited Finance Minister Olaf Scholz as saying in an interview. “The arts and culture need their own stimulus program, we want to massively help people here,” Scholz said. “We also have to do something for hotels ...

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Argentina plans to extend debt deadline until May 22

Bloomberg Argentina extended the deadline to its debt offer to May 22, the government said in a resolution published in the Official Gazette on Monday. The previous deadline was May 8 and the extension means results will now be announced on May 25 and liquidated on May 27, according to the resolution. Bloomberg reported the plans to prolong the deadline ...

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VW to lure German buyers back to showrooms

Bloomberg Volkswagen AG is starting a sales initiative to revive demand in its domestic German market as consumer uncertainty across Europe’s largest economy risks choking off factory restarts. The world’s biggest carmarker will offer improved leasing and financing terms and payment-protection insurance in case buyers lose their jobs, VW’s passenger-car division said on Monday in a statement. The program for ...

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