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Uber rival Bolt seeks credit support crisis

Bloomberg Ride-hailing company Bolt Technology OU is seeking credit support from the Estonian government after a switch to quarantine-friendly services didn’t make up for lost revenue and it couldn’t access bank lending under existing state guarantee terms. The service formerly known as Taxify, a rival to Uber Technologies Inc., is asking for $54 million in loans through a state fund ...

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Merkel’s crisis stimulus is seeping into German economy

Bloomberg In late March, Arnold Mergell delivered an urgent message to Germany’s political elite. Standing in front of a row of blue metal barrels, he complained that the funds needed by small and mid-sized companies like his to survive the coronavirus crisis weren’t getting through fast enough. “The bazooka’s been loaded, but the trigger is stuck,” said Mergell, who runs ...

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America now has the world’s deadliest Covid-19 outbreak

Bloomberg American deaths from the coronavirus passed Italy’s, affirming the US’s spot as the epicenter of the global pandemic. Deaths from the virus reached more than 19,880 in the US, according to data compiled by Johns Hopkins University. Italy had almost 19,500 fatalities. The US figure will rise throughout the day as more states report data. The heavy toll in ...

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