President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, rising to $8.2 trillion by 2031, the New York Times reported on Thursday, a day before the White House is expected to unveil its budget proposal.
Portugal's government reported on Thursday a public deficit of 4.8 billion euros in the first four months of 2021, nearly three times higher than a year ago, after massive spending to support businesses and families during the coronavirus lockdown.
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TAIPEI, May 27 (Reuters) - Taiwan is considering boosting a loan facility to help small- and medium-sized firms hit by the COVID-19 pandemic, and may extend it to individuals, with almost $20 billion available, sources briefed on the matter told Reuters.
Taiwan’s central bank last year made T$300 billion ($11 billion) available to help small to medium-sized enterprises (SMEs) cope with the impact of COVID-19, which is now surging in parts of Taiwan after months of being well under control.
The central bank typically provides the money to commercial banks at a low interest rate which they can disperse to companies which apply for support.
Ryanair's relations with Portugal will suffer because of the Irish airline's campaign to try to block state aid for struggling Portuguese rival TAP, Portugal's infrastructure ministry warned on Wednesday.
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SYDNEY, May 27 (Reuters) - The Australian dollar was struggling to stay afloat on Thursday after another rally was swamped by sellers, while its New Zealand counterpart held gains made on the promise of higher interest rates as early as next year.
The Aussie was lying at $0.7734 after running into stiff resistance at $0.7796 overnight, a level that has seen multiple rejections in recent weeks.
It has chart support at $0.7706, but a break would likely see a test of the May low of $0.7675.
The currency failed to get any lift from upbeat data showing business investment jumped 6.3% in the first quarter, well above forecasts of a 2.0% rise.