Bloomberg If UK debt issuance is anything to go by, this economic crisis is likely to be far worse than the last. Britain’s Debt Management Office will have to raise sales of government bonds to 285 billion pounds ($352 billion), according to Citigroup Inc. That’s over 50 billion pounds more than during the great financial crisis. Still, gilts have been ...

Bloomberg Italy’s government expanded its powers to block foreign takeovers and prepared a massive injection of liquidity into companies that risk bankruptcy amid the world’s deadliest coronavirus outbreak. Prime Minister Giuseppe Conte announced new economic measures as the country enters its fifth week of lockdown, with all non-essential businesses shuttered and still no plan to relax restrictions. Italy reported 3,599 ...

Bloomberg European companies have been quick to slash or cancel their dividends in response to the coronavirus crisis, fueling calls from market participants that U.S. firms should take heed and preserve cash. The pandemic’s damage to profit as well as regulators’ calls for corporations to preserve liquidity have so far pushed 107 companies in the benchmark Stoxx Europe 600 Index ...