By Reuters Staff
1 Min Read
WASHINGTON, Feb 5 (Reuters) - U.S. President Joe Biden said on Friday he does not expect his proposal for a hike in the minimum wage to $15 an hour to be included in his $1.9 trillion COVID relief bill.
“My guess is it will not be in it. But I do think that we should have a minimum wage, stand by itself, $15 an hour,” Biden said in an interview with the CBS Evening News. (Reporting by Eric Beech; Editing by Leslie Adler)
U.S. President Joe Biden said in an interview released on Friday he does not expect his proposal for a hike in the minimum wage to $15 an hour to be included in his $1.9 trillion COVID-19 relief bill because of Senate rules.
Italy's biggest bank Intesa Sanpaolo posted a 3.3 billion euro ($4 billion) profit for 2020 after a similar-size loss in the fourth quarter when it used an accounting boost from its takeover of rival UBI to fund restructuring and clean-up costs.
By Reuters Staff
2 Min Read
BELGRADE, Jan 26 (Reuters) - Serbia plans to spend about 2.5 billion euros ($3.04 billion) in loans and subsidies to businesses and payments to pensioners and other citizens to help them cope with the economic impact of the coronavirus, President Aleksandar Vucic said on Tuesday.
The package envisions an array of measures including payments amounting to 50% of the minimum wage to employees of micro and small enterprises and state guarantees for borrowing in commercial banks.
“We want to tremendously . bolster the private sector,” Vucic told state-run RTS TV.
The state also plans to distribute 30 euros to every adult Serbian citizen or about 5 million people in May and November, and an additional 50 euros to every pensioner, Vucic said.
Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks, according to people familiar.