Putin also proposed setting a sickness payment rate of at least one minimum wage per month and introducing holidays on consumer and mortgage loans in the event that the income of individuals falls by more than 30%.
Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh on Wednesday discussed the measures that the government is taking in order to deal with the economic impact of the Covid-19 pandemic.
Canadian officials said the country’s economy is shedding jobs at an accelerated pace, forcing the government to expand its original fiscal-stimulus package
Members of the House of Representatives convened this afternoon to debate with Finance Minister Wopke Hoekstra, pressing government to speed up emergency economic measures in the wake of the Covid-19 outbreak.
…pandemic. But in pubs, coronavirus has struck at the heart of a nation’s social and cultural identity. Far more than churches or village halls, Britain’s lifeblood and community spirit flows across its…
Earlier on Wednesday, President Putin declared that Russians will have a paid week off due to the coronavirus pandemic; the extended public holiday will last from March 28 to April 5.
The chancellor’s letter urges banks and building societies to take “all action necessary” to ensure the emergency measures outlined by the government “are passed through to businesses and consumers”.
The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world’s poorest nations so they can battle the coronavirus pandemic, AFP reported.
The amount of distressed debt in the U.S. has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.
Shares in Brazilian mall operators were trading sharply higher, erasing earlier losses on Wednesday, amid a spat with shopkeepers over rental payments during a coronavirus lockdown that has closed 550 out of 577 malls across the country.