Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends. Republicans unveil $1tn stimulus plan cutting jobless benefitshttps://www.ft.com/content/3c6d86e9-93b4-41af-9803-046940cedf99?Dollar sinks to two-year low on concern over US virus tollhttps://www.ft.com/content/9d9fa97c-154f-46fb-affd-51f45a0de08aUS baseball league postpones games after outbreak hits Miami team https://www.ft.com/content/12b00810-5b8c-4df0-b22d-cabe898770a3Banks across Europe braced for further heavy loan-loss chargeshttps://www.ft.com/content/d42d735a-9aa3-454e-955a-3e0b22eda03d Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.