Covid-19 Emergency Aid

Politics • European • European Union
2020-04-09T21:31:01+00:00
EU's one trillion euro coronavirus plan most important in its history - France's Le Maire

French Finance Minister Bruno Le Maire said European Union member states had agreed to mobilise 1 trillion euros to shore up the economy in response to the coronavirus crisis, in the most important economic plan in the EU's history. Le Maire said on a call with reporters that the European Stability Mechanism will be activated with light conditionality. He also said the agreement will make 500 billion euros available immediately and that a recovery fund will follow.

Politics • European • European Union
2020-04-08T09:36:32+00:00
Spanish government official warns European Union's future at risk over financial response to coronavirus

Government spokeswoman Maria Jesus Montero said Europeans will begin to lose trust in the EU if it does not act together in the crisis, which she compared to the Second World War. "We need the help of other countries, and that's why the European Community was originally formed, at that time after a physical war, now we are fighting a war against an epidemic," she said in an interview on Antena 3 TV channel.

Business • Economy
2020-04-08T08:15:56+00:00
Britain eases rules to speed up company capital raising

The British Financial Conduct Authority (FCA) set out temporary measures on Wednesday to help companies raise cash quickly to get through the epidemic that has shuttered much of the economy. The FCA said one of the measures is that companies with a premium listing on the London Stock Exchange can ask the FCA for permission not to hold a general meeting to approve a capital raising.

Politics • European • European Union
2020-04-08T07:54:55+00:00
European Central Bank urges measures worth 1.5 trillion euros to tackle virus crisis in euro zone

The European Central Bank told euro zone finance ministers that the euro zone could need fiscal measures worth up to 1.5 trillion euros to tackle the economic crisis caused by the COVID-19 epidemic, officials told the news agency Reuters. But at a videoconference that ended on Wednesday without a deal after 16 hours of talks, Germany, the Netherlands and other northern European countries were ready to support EU measures worth only 500 billion euros, officials who participated in the meeting said.

Politics • Middle Eastern
2020-04-08T07:46:39+00:00
Iran's President urges IMF to give Tehran $5 billion coronavirus loan

Iran's President Hassan Rouhani said on Wednesday the International Monetary Fund would be guilty of "discriminatory behaviour" unless it provides $5 billion in emergency funding to help Tehran fight the coronavirus outbreak. "I urge international organisations to fulfil their duties ... we are a member of the IMF ... There should be no discrimination in giving loans," Rouhani said in a televised cabinet meeting.

Politics • European
2020-04-06T09:10:02+00:00
Spanish government is working on universal basic income plans

The Spanish deputy prime minister and minister for economy has announced that the government is working on rolling out a version of a universal basic income. The government's social security minister Jose Luis Escriva is working on the project with the aim of rolling the universal basic income out as soon as possible. Furthermore, the income is designed to become "a permanent instrument" that stays after the coronavirus pandemic.

Politics • American • US
2020-03-31T17:50:27+00:00
City of Las Vegas turns parking lot into homeless shelter

The authorities in Las Vegas repurposed an empty parking lot into a makeshift shelter for homeless people after a normal shelter was forced to close following the coronavirus pandemic. The parking lot has been divided into different spaces with paint to mark social distancing boxes for the people. In addition to this, volunteers from Touro University have started laying out blue mats that can be power washed to clean them after usage.

Sports
2020-03-26T13:23:47+00:00
German Champions League clubs spend €20 million to help Bundesliga clubs

In what the Deutsche Fußball Liga, the association responsible for professional football in Germany, calls an "act of solidarity" Champions League clubs FC Bayern Munich, Borussia Dortmund, Bayer Leverkusen and RB Leipzig will provide a combined €20 million with the goal to support other Bundesliga clubs that will suffer financially from coronavirus effects. "We have always said that we will show solidarity when clubs, through no fault of their own, get into an imbalance as a result of this absolutely exceptional situation that they can no longer control on their own", Dortmund Chairman of the Board Hans-Joachim Watzke said in a joint statement.

Politics • American • South America
2020-03-26T09:49:28+00:00
Venezuela suspends rent, pays salaries of small and midsize companies for six months

The Venezuelan President Nicolás Maduro announced that all rent payments as well as interest payments on capital and loans are going to be suspended until September. In addition to this he guaranteed all workers their wages, which the state will pay for small and mid sized companies. In addition to this lay-offs that are the consequence of the coronavirus have been banned.

Sports
2020-03-25T22:55:45+00:00
Brazilian soccer stadiums converted into hospitals

Rio de Janeiro's Maracanã and São Paulo's Pacaembu stadiums are being converted into field hospitals to increase the number of available beds to tackle the spread of the coronavirus outbreak.

Business • Economy
2020-03-25T17:05:03+00:00
Amazon opens its workers relief fund to outside donations

The e-commerce company implemented a fund to support "employees and partners" and contributed $25 million in funds themselves. In addition to this, the company opened up the fund for outside donations stating "While we aren’t expecting anyone to do so, you can make a voluntary donation to the fund if you desire to do so" on their website.

Technology • Internet & Web
2020-03-25T10:27:50+00:00
Pornhub donates 50,000 surgical masks and offers free premium worldwide

The online platform has announced that it'll donate in total 50,000 surgical masks to different organizations in the state of New York, as well as donating €50,000 to various organizations across Europe including countries like Germany, Italy and Spain. Additionally, the company will donate $25,000 to the Sex Workers Outreach Project (SWOP) in order to "to meet immediate requests for support from sex workers impacted by COVID-19".

Health
2020-03-25T09:05:49+00:00
More than 170,000 volunteer for UK's National Health Service overnight

The wave of responses came within hours of the government's plea for an 'army' of 250,000 volunteers to support paid staff. They will help to deliver important supplies, transport patients and make phone calls to check on those isolated alone.

Arts, Entertainment, Culture • Music
2020-03-24T21:13:08+00:00
Rihanna's Clara Lionel Foundation donates $5 million to fight coronavirus

The foundation has announced that the money will go to different initiatives and groups in order to "to immediately mobilize a broad response working with on-the-ground partners". The goal is to support food banks, the acceleration of testing, to buy protective equipment and other measurements. The foundation is distributing the money to multiple countries including the United States, Haiti and Malawi.

Politics • European • Germany
2020-03-23T19:11:54+00:00
Germany wants to support businesses with 750 billion Euros in Emergency Aid

The German government presented a plan to help all kinds of businesses, including small companies, freelancers as well as large businesses. The plan includes credit guaranties as well as direct investments into companies and special financial support for hospitals. Regulations regarding Germanys short-time work and welfare programs as well as bankruptcy rules will be eased, and landlords will no longer be able to evict due to missing rent payments. The German Bundestag and Bundesrat still needs to accept the plans.