International News

Bloomberg Britain’s mounting labour market crisis was underscored by a 220,000 slump in employment during the height of the coronavirus lockdown, the worst decline since the global financial crisis. The fall in the second quarter coincided with a period that saw the most strict restrictions to contain the spread of ...

Bloomberg President Donald Trump’s decision to extend a student-loan freeze will take away a financial risk for tens of millions of US households, who now won’t have to resume paying back about $1.2 trillion of debt until at least 2021. The measure, one of four executive actions Trump took on ...

Bloomberg Hertz Global Holdings Inc. is seeking debtor-in-possession financing more than two months after filing for Chapter 11 protection, reflecting the reality that it still faces trouble ahead if travel doesn’t bounce back. The bankrupt rental-car giant said it is looking for new sources of cash with the travel business ...

Bloomberg Mark Carney, the only person to run two major nations’ central banks, is helping Justin Trudeau craft next steps in a plan to pull Canada out of a deep recession sparked by the coronavirus. Five months after stepping down as Bank of England governor, Carney has become an informal ...

Bloomberg Finland will quarantine travellers from most of the world to halt the spread of Covid-19. Just 25 countries are currently exempt from the mandatory quarantine, Krista Kiuru, minister for family affairs and social services, told reporters. Passengers who fail to comply face at most three months jail time or ...

Bloomberg Visa sold bonds at a record low yield as it became the first consumer finance company to issue debt to fund environmentally friendly projects. The world’s largest payments network, sold $3.25 billion of debt in three parts. The shortest portion of the deal is a seven-year green note with ...

Bloomberg President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the US economy. Trump also ordered continued eviction protection and student-loan relief. The moves could jeopardise negotiations with congressional ...

Bloomberg The sometimes literal nature of automated translation programs has tripped up plenty of tourists — or in the case of Mexico, its entire tourism board. Operators of the Visitmexico.com website were left red-faced when the English version of the tourism information portal suddenly sprouted a series of comic or ...

Bloomberg Florida luxury train operator Brightline is dropping plans to rebrand as Virgin Trains USA and ending its relationship with Richard Branson’s Virgin Enterprises. The company had entered into a branding deal with Virgin in advance of a planned initial public offering, which was scrapped indefinitely on pricing day in ...

Bloomberg More economic upheaval is on the horizon in Europe as plans to end the unprecedented support for workers during the coronavirus pandemic threaten to tip millions of households into a debt trap. Organisations that help individuals sort out their financial problems are warning of a sharp increase in the ...