August 26, 2020
Europe:
Europe Puts Jobs Before Restructuring With Furloughs Extended
“In the dilemma over whether to support existing jobs during the pandemic or let the economy adapt to the post-virus world, European governments are increasingly siding with workers. Germany became the latest nation to extend a program under which the government covers the bulk of paychecks for employees who can’t work. That decision late Tuesday follows France, Italy, Switzerland and Austria, and others are considering doing the same.”
Asia:
China Makes Concessions in Call for Talks on U.S. Audit Standoff
“China says it has made concessions in proposing to let U.S. regulators to audit some of its most sensitive companies and is calling for direct talks to solve a years-long dispute that threatens global markets. In an interview in Beijing on Wednesday, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China is “sincere” in wanting to solve the standoff over the accounting issues.”
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