Bloomberg Canadian lawmakers approved a bill to subsidise wages by 75% in a bid to stabilize the economy as Prime Minister Justin Trudeau called the coronavirus his generation’s greatest challenge yet. The flagship C$73 billion ($52 billion) program — more than one-quarter of the government’s emergency fiscal plan to date — was passed in an emergency sitting of the House ...

Bloomberg Russian President Vladimir Putin’s government plans to dramatically ramp up stimulus measures to prop up an economy that is lurching towards recession. The government will roll out about 1 trillion rubles ($13.5 billion) of new spending, according to two people familiar with the plans, who asked not to be named because discussions are ongoing. Some of the money will ...

Bloomberg Virgin Trains USA is poised to win $10 million in tax credits from California’s economic development agency for its proposed passenger rail to Las Vegas from a southern California desert city. The company, backed by Fortress Investment Group private equity funds, has said the project will generate construction jobs and full-time and part-time posts, as well as boost housing ...