Shares in European airlines and other travel companies slid again last week as rising coronavirus cases on the continent accelerated doubts over the region’s summer holiday season. The falls followed warnings from the UK government that a new wave of cases and lockdowns across large parts of continental Europe mean it is too early to book holidays there, threatening a key source of revenue for the area’s battered carriers.
Hey, big spender
US President Joe Biden is set to consider a plan from his advisers to plough about $3-trillion in state spending into the economy with investments in infrastructure, clean energy and education.
It would represent the second stage of Biden’s ambitious economic agenda, after Congress approved a $1.9-trillion stimulus plan to deliver immediate relief to households during the pandemic.
The spending is expected to be partially offset by higher taxes on wealthy households and corporations.
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