Exclusive: Boeing in Talks With Alaska Airlines for Potential 737 MAX Order – Sources | Investing News

By Eric M. Johnson and Tracy Rucinski

SEATTLE/CHICAGO (Reuters) – Boeing Co

is in discussions to sell 737 MAX jets to Alaska Airlines once the plane returns to service following a lengthy grounding, three people familiar with the matter said.

The talks are part of a series of negotiations between Boeing and several airlines over jet orders or compensation after the 737 MAX was banned worldwide following two fatal crashes.

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Japan May Need to Consider Compiling Third Extra Budget: Senior LDP Lawmaker | Investing News

By Kaori Kaneko and Izumi Nakagawa

TOKYO (Reuters) – Japan may need to consider compiling another extra budget to help its economy if the current reserve fund is not enough to respond to the coronavirus pandemic, a senior ruling party lawmaker said on Friday.

Hakubun Shimomura, the policy research council chief for the Liberal Democratic Party (LDP), said the reserve would likely be enough to cover support for the economy

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Merkel Wants German Return to Balanced Budget in 2022 | Investing News

BERLIN (Reuters) – Germany should, if possible, return to a balanced budget from 2022, Chancellor Angela Merkel said on Thursday, adding this would require discipline after Europe’s biggest economy took on record new borrowing during the COVID-19 crisis.

Merkel and Finance Minister Olaf Scholz have introduced a range of rescue and stimulus measures to help the German economy recover as quickly as possible from the coronavirus shock.

The government has

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Wirecard Scandal Drives German Coalition to Tighter Oversight | Investing News

BERLIN (Reuters) – Germany’s coalition government agreed a package of reforms to financial and accounting rules aimed at avoiding another Wirecard scandal on Wednesday, but opposition lawmakers said it lacked detail on scope and timing.

Finance Minister Olaf Scholz and Justice Minister Christine Lambrecht from the Social Democrats (SPD) said the reform plan had been agreed with the conservative-led chancellery and economy ministry, confirming an earlier Reuters report.

Lawmakers have

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Japan Budget Requests Hit Record of $997 Billion, Fuelled by Pandemic Spending | Investing News

TOKYO (Reuters) – Japan’s ministries have asked for a record $997 billion in initial budget for the next fiscal year, the finance ministry said, as Prime Minister Yoshihide Suga’s new government juggles the need to rein in the pandemic and revive the economy.

The general account spending requests for the fiscal year that begins next April totalled 105.4071 trillion yen ($996.85 billion), exceeding the previous high of 105 trillion sought

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Rising COVID Cases Will Stall UK Recovery, Budget Watchdog Warns | Investing News

By David Milliken and Andy Bruce

LONDON (Reuters) – A sharp rise in coronavirus cases is likely to cause Britain’s economic recovery to stall until the resurgence comes under control, the country’s budget watchdog said on Wednesday.

Britain has recorded more than 14,000 new cases on each of the past two days, the most since mass testing began in April, and has increased curbs on socialising, with Scotland announcing the

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U.S. Airlines Await New Shot at Federal Aid as Pelosi, Mnuchin Talk | Investing News

By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) – U.S. airlines were again holding out hope for another $25 billion in payroll aid after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin discussed the possibility of standalone legislation for the struggling sector on Wednesday.

Their conversation was the latest in a series of turbulent developments on relief prospects in recent weeks for airlines, which last week began the furlough

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Australia to Run Record Budget Deficit as Government Cuts Tax, Boosts Job Support | Investing News

By Sam Holmes and Colin Packham

SYDNEY (Reuters) – Australia pledged billions in tax cuts and measures to boost jobs on Tuesday to help pull the economy out of its historic COVID-19 slump in a budget that tips the country into its deepest deficit on record.

Prime Minister Scott Morrison’s conservative government has unleashed A$300 billion in emergency stimulus to prop up growth this year, having seen the coronavirus derail

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EU Budget Rules to Remain Suspended in 2021: Commission | Investing News

BRUSSELS (Reuters) – European Union rules that set limits on government borrowing will remain suspended in 2021 as the 27-nation bloc strives to support a recovery from the recession caused by the COVID-19 pandemic, Economic Commissioner Paolo Gentiloni said.

The European Commission, which is in charge of enforcing the fiscal rules, earlier this year suspended EU requirements to keep government deficits below 3% of GDP and to reduce public debt

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Australia to Spend More on Jobs in Budget Based on COVID-19 Vaccine | Investing News

MELBOURNE (Reuters) – The Australian government said on Sunday it will earmark an additional A$1.2 billion ($859 million) in wage subsidies in the 2020/21 budget and that its frameworks assume that there will be a novel coronavirus vaccine next year.

In the run up to the Oct. 6 budget, which is set to forecast a record deficit of about A$200 billion, Treasurer Josh Frydenberg said a vaccine was a factor

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Rental Property Investing Basics | Millionacres

Investing in rental properties is a great starting point for real estate investors. Rental properties can provide cash flow and generate value from appreciation. Investors also get tax incentives and deductions from owning real estate.

While it can be a lucrative method of real estate investing, there’s a lot to know before investing in rental properties. This comprehensive guide will show you how to start investing in rental properties as

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Brazil Government Posts $17 Billion Budget Deficit in August as Emergency Spending Continues Apace | Investing News

BRASILIA (Reuters) – Brazil’s government posted a primary budget deficit of 96.1 billion reais ($17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.

The deficit, excluding interest payments, was slightly less than the 98.7 billion reais deficit economists in a Reuters poll had predicted. The shortfall, excluding interest payments, expanded in the first eight months of the year to 601.3

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Luxury Brands Bank on a Raring China Market as Pandemic Lays Waste to Global Demand | Investing News

By Sophie Yu and Silvia Aloisi

BEIJING/MILAN (Reuters) – On the southern Chinese island of Hainan, a duty-free shopping paradise, mainland tourists keen to splurge will often patiently line up for an hour or more to enter a Gucci, Tiffany or other luxury brand store.

“I’m mentally working on a shopping list,” says Zeng Rong, 34, a Beijing-based auditor who is looking forward to her upcoming Hainan trip. “I’d like

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U.S. Airlines Strap in for Bailout Suspense a Day Before Furloughs | Investing News

By Tracy Rucinski and David Shepardson

CHICAGO/WASHINGTON (Reuters) – A day before mass furloughs, U.S. airline workers said they were gearing up for a full-court press to persuade Congress to pass a fresh $25 billion bailout that would protect jobs for another six months.

With an airline payroll support package expiring at midnight, the clock is ticking.

“It’s pedal to the metal until 11:59:59 on Sept. 30, and then some,”

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French 2021 Budget to Release First 42 Billion Euros of Recovery Plan | Investing News

Reuters

Bruno Le Maire, French Minister of the Economy, Finance, and Recovery, wearing a protective face mask, speaks during a news conference to present French government 2021 budget following the weekly cabinet meeting at the Elysee Palace in Paris, France, September 28, 2020. REUTERS/Benoit TessierReuters

PARIS (Reuters) – The French government on Monday presented a 2021 budget plotting a path out of its worst post-war recession, with 42 billion euros

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United Airlines Pilots Avert Layoffs, Other Workers Hope for Bailout | Investing News

CHICAGO (Reuters) – United Airlines’ pilots voted on Monday to accept a deal that would avert 2,850 furloughs set for Thursday, while thousands of other U.S. airline employees are hoping Congress will extend federal aid to save their jobs.

An initial $25 billion government bailout that covered airlines’ payrolls and protected jobs for six months expires on Sept. 30, driving a fervent last-minute push by the industry for Congress to

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Australia Needs a Bigger Budget Deficit for Faster Recovery From Pandemic: Deloitte | Investing News

SYDNEY (Reuters) – Australia’s conservative government will need to embark on a more aggressive spending plan to power the country’s virus-stricken economy and boost employment when it unveils its budget next week, Deloitte Access Economics said on Monday.

Deloitte forecast a budget deficit of A$198.5 billion for the current financial year-ending June 2021, A$14 billion higher than the Treasury forecast in July, assuming no new fiscal policies are announced on

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Swedish Government Promises $12 Billion to Kick-Start Economy in 2021 Budget | Investing News

STOCKHOLM (Reuters) – Sweden’s government will pump 105 billion crowns ($12 billion) into the economy in 2021 through tax cuts and spending in a record giveaway aimed at getting the economy back on its feet after the coronavirus pandemic-induced slump.

Sweden’s economy will shrink around 4.6% this year, the minority coalition said its budget on Monday, a milder hit than many other European countries, some of which are being forced

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German Cabinet Approves Second-Highest Net New Debt in 2021 Budget | Investing News

BERLIN (Reuters) – The German cabinet on Wednesday approved Finance Minister Olaf Scholz’s draft budget for next year which envisages net new debt of 96.2 billion euros ($112.6 billion) to finance further measures to tackle the coronavirus crisis.

The additional borrowing marks the second-highest amount of net new debt in Europe’s largest economy since the end of World War Two and comes after the government already took on record high

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