EU commissioner for Economy Paolo Gentiloni during a press conference. AFP
Payments of the massive coronavirus stimulus approved by leaders of the European Union will start in the second half of next year, the bloc's economy commissioner, Paolo Gentiloni, was quoted as saying on Friday.
Countries could use a tenth in anticipation of the plan's approval, however, Gentiloni said in an interview with Italian newspaper La Repubblica, adding that the bloc would have to approve new resources, such as the digital tax and the CO2 tax, to repay the common debt between 2026 and 2056.
"Otherwise, individual countries will find themselves having to repay the money because Europe has not been able to repay the common debt," Gentiloni said.
Hopes have been rising that the worst of the global catastrophe, which has killed more than 270,000 people, has passed, and the United States on Friday approved a new at-home saliva test to speed up diagnosis for COVID-19.
Spot gold was up 0.7% at $1,888.84 per ounce by 06:18 GMT, after earlier hitting a one-week high of $1,900.04. US gold futures gained 0.5% to $1,893.20.
It’s a man’s world, diehard male chauvinists would say. They would buttress their argument with examples out of their hat: women cannot do a lot of jobs, such as heavy-duty projects in construction and engineering; they are not tailor-made for roles in war zones;
BERLIN: Dutch central bank Governor Klaas Knot expects the eurozone economy to recover speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates. Knot, one of the most prominent hawks on the European Central Bank’s rate-setting committee told the German paper
Bilateral trade between Dubai and Germany reached Dhs24.6 billion in 2020 and will continue to grow given Dubai’s ease of doing business and flexible ecosystem, according to a top official of Dubai Silicon Oasis Authority (DSOA).
US private equity firm Clayton, Dubilier & Rice (CD&R) is considering a possible cash offer for British supermarket group Morrisons, it said on Saturday.
As part of its tireless and continuous endeavour to support and to stimulate the real estate sector, Sharjah Real Estate Registration Department has announced that 15 different institutions have won the Real Estate Excellence Award,
Dubai Electricity and Water Authority (Dewa) is participating at Expo 2020 Dubai with a large pavilion, characterised by a contemporary design that aligns with Dewa’s role as the Official Sustainable Energy Partner of Expo 2020 Dubai.