Italy’s Conte Calls for Joint Debt in Preview of EU Summit Clash

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Italian Prime Minister Giuseppe Conte renewed his call for joint euro-area bonds to aid economies crippled by the coronavirus, setting the stage for a clash at a European Union summit this week. Conte evoked […]

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Supertankers drafted in to store glut of crude oil

Giant oil tankers are being used to hold record amounts of crude at sea due to a global oversupply which threatens to overwhelm the world’s storage facilities. A record 160m barrels of oil has been stored in “supergiant” oil tankers outside the world’s largest shipping ports following the deepest fall in oil demand in 25 years due to the coronavirus […]

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The IMF needed a progressive vision and US leadership. Both were absent

The International Monetary Fund was eerily quiet this week. Normally, the IMF’s two buildings in Washington DC would have been full of finance ministers and central bank governors gathered together to discuss the state of the global economy. This year, the meeting was a virtual yet still an important one: the most significant since the financial crisis. Piecing together the […]

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Insurance money for homeless disabled veteran proves evasive

Dear John: My brother passed away in February 2018 and for two years I have been stalled by the insurance company in my efforts to obtain the insurance money. I am a disabled veteran, now homeless, and paid out of pocket to bury my brother, relying on the proceeds from the policy. I read your articles regularly, and I remember […]

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Trump may have lost key ally in conservative media

New York (CNN)In a rare statement, Matt Drudge, the prominent conservative news mogul, refuted President Trump’s Saturday claim that traffic to his website has plummeted as its coverage has grown more critical of him. “The past 30 days has been the most eyeballs in Drudge Report’s 26 year-history,” Drudge said in an email to CNN. “Heartbreaking that it has been […]

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State Pension changes: How do State Pensions change next month?

State Pensions are paid into a claimant’s bank account once they reach the qualifying State Pensions age. The payments are an essential lifeline for many, and each year changes are implemented by the Government. In April, State Pensions increased in line with the Government’s triple lock scheme. For some people, the state pension is only part of their retirement income […]

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