French President Emmanuel Macron announced an 8 billion euro ($8.8 billion) plan to make France the top producer of clean energy vehicles in Europe and urged French carmakers to make vehicles in their own country.
Unconventional financial tools such as frequent liquidity injections may restore credit flows and facilitate recovery but run the risk of asset price overvaluation, said Dr. Patrick Lenain, Assistant Director at the OECD, France.
Payments of the massive coronavirus stimulus approved by leaders of the European Union will start in the second half of next year.
Ending days of drama over his refusal to accept the bipartisan deal that will deliver long-sought cash to businesses and individuals and avert a federal government shutdown.
Top congressional lawmakers struck a late-night agreement on the last major obstacle to a COVID-19 economic relief package costing nearly $1 trillion, clearing the way for votes as early as Sunday.
European and US stock markets mostly rose on Tuesday on optimism over US stimulus and vaccines, but London stumbled ahead of the capital’s tightened coronavirus restrictions as dealers also tracked Brexit trade talks.
Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec.26, and $1.4 trillion for normal
The aid package includes $415 billion to bolster the response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities particularly hard hit by the pandemic.
It comes after months of partisan wrangling and finger-pointing as well as last-minute negotiations that culminated in a deal lawmakers said they hoped to approve on Monday.