Stimulus Package

Regional News • Americas • United States
Trump stops negotiations for new Covid-19 stimulus package until after the election
Trump stops negotiations for new Covid-19 stimulus package until after the election
Credit: The White House (Public Domain)

United States President Donald Trump has tweeted that he has "instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business,"

Regional News • Europe • Germany
Germany to reduce VAT as part of stimulus package
Angela Merkel in 2019
Angela Merkel in 2019 Credit: Raimond Spekking (Creative Commons Attribution ShareAlike 4.0)

The cabinet of Chancellor Angela Merkel’s agreed on Friday to cut VAT from 19% to 16% for all goods from July 1 until December 31 and give parents a cash handout of €300 per child as part of its €130 billion stimulus package.

Affected by the Covid-19 pandemic, Germany's economy is expected to shrink by 6.3% this year, its worst recession since World War Two.