EU agrees on details of 315b euro investment and growth plan
Risky ventures to be funded via financial vehicle backed by an 8b euro guarantee
Brussels
THE European Union (EU) agreed on Thursday the final details of a 315 billion euro (S$464 billion) plan to boost investment and economic growth in the bloc, opening the way for the first funds to be disbursed in the autumn.
Launched by European Commission president Jean-Claude Juncker late last year, the plan aims to attract private money to help finance projects across Europe that have so far struggled to get off the ground.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms