EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted
FT News Briefing21 Juli 2020

EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted

EU leaders are closing in on a deal for a landmark coronavirus recovery package, the largest laboratory company in the US, Quest Diagnostics, has warned it will be impossible to increase coronavirus testing capacity in the event of a second wave in the autumn, and European banks are facing as much as €800bn in loan losses over the next three years as a result of the coronavirus crisis. Plus, the FT’s James Politi will explain why the US economic recovery from coronavirus was so short-lived and whether it will gather pace again.

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Coming soon

Coming soon

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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