The French government is to scrap 4,500 public-sector jobs in 2019 and more than 10,000 in 2020, Prime Minister Edouard Philippe said in an interview published Sunday. And pensions, family allowance and housing benefit will not keep up with inflation as part of an economy drive to reach EU targets on the budget deficit as growth proves more sluggish than expected. Source RFI
It finally happened, that glorious moment, when, after teetering on the verge for weeks – for reasons we’ll get into shortly – the incredibly spiking US gross national debt, after kissing the line a couple of times for a moment, finally, and suddenly by a big leap, jumped over the $28-trillion mark, with a $143-billion leap in one day on Wednesday, March 31, following some big Treasury sales. Source Wolfstreet
The Russian Akademik Cherskiy vessel has arrived at the construction site to lay pipes for the Nord Stream 2 gas pipeline project, Nord Stream 2 AG, project operator company, told reporters. Source Tass
Holders of UK government bonds are suffering the worst quarter in at least two decades as Britain’s economic prospects brighten, setting a contrast with the eurozone where a more sputtering recovery from the coronavirus crisis is helping haven assets hold their value. Source FT
