Small business aid deal, ECB bad bank idea, emerging market debt
FT News Briefing20 Huhti 2020

Small business aid deal, ECB bad bank idea, emerging market debt

The Trump administration is closing in on a deal with Congress to provide another $300bn to coronavirus-hit small businesses. Then, the FT’s US economics editor, Brendan Greeley, explains how state budgets are coping without their normal tax revenue. Plus, the European Central Bank has held high-level talks about creating a eurozone bad bank for non-performing loans, and investors have pushed back on pleas by the G20 group of big economies to allow emerging markets to pause their debt repayments.

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A daily rundown of the global business news you need to know for the coming day. FT News Briefing starts Monday, October 15. Hosted on Acast. See acast.com/privacy for more information.

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