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UK economy to slump over 10pc, debts to surge: Moody's
Europe

UK economy to slump over 10pc, debts to surge: Moody's

  • Moody's said the UK government's latest 30 billion pound ($37.9 billion) stimulus package, announced this week.
  • "The UK's public debt ratio will likely rise by 24 percentage points of GDP or more relative to 2019 levels,"
Published Jul 10, 2020 08:07pm
Europe

Two dead in Czech train crash

PRAGUE: Two people died and dozens were injured Tuesday when two passenger trains collided near the western Czech ...

Published Jul 08, 2020 02:55am
Swiss could pay off COVID debt pile over 15 years
Europe

Swiss could pay off COVID debt pile over 15 years

  • If all goes "very, very, very well", the extra debt the state is taking on to help fund short-hour work schemes and aid to businesses could hit 20 billion Swiss francs.
  • The government said this week it anticipates a budget deficit of around 1 billion francs next year.
Published Jul 04, 2020 05:10pm