WASHINGTON/LONDON - The world's richest nations prepared more costly measures on Tuesday to combat the global fallout of the coronavirus that has infected tens of thousands of people, triggered social restrictions unseen since World War II and sent economies spinning towards recession.
Trump wants to send cash to Americans within two weeks as the country's death toll approached 100 and more testing sent the number of coronavirus cases to over 5,700. "Now is not a time to be squeamish about public sector debt," Robert Chote, head of the Office for Budget Responsibility, which provides independent analysis of the UK's public finances, told lawmakers.
The European Union eased its rules to allow companies to receive state grants up to €500,000 or guarantees on bank loans to ensure liquidity.
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