World Brief: Congress Passes Massive Stimulus in ‘Big Win;’ Isolated U.K.'s Covid Border Chaos
Published Date: 12/22/2020
Source: Bloomberg Quicktake: Now
US RESCUE PACKAGE: Congress passed the second-biggest economic rescue package in U.S. history as part of a massive year-end spending bill, concluding months of discord between Democrats and Republicans over how to address the pandemic that continues to surge across the country. In addition to funding government operations for the rest of the fiscal year, the legislation will provide aid for small businesses, supplemental unemployment benefits and $600 stimulus payments to most Americans and their children starting as soon as next week. It also includes money for schools, airlines and for distribution of vaccines. MORE: https://bloom.bg/3rln8e3 UK'S MUTATING MISFORTUNES: British Prime Minister Boris Johnson’s government is desperately trying to re-open trade routes to France after a day of cross-Channel political bartering failed to end the chaos at the U.K.’s busiest port. MORE: https://bloom.bg/3haZa0C SELF-DRIVING CARS: Apple plans to build a self-driving car for consumers and is targeting 2024 to produce the vehicle, Reuters reported on Monday. The company is developing its own battery technology that could reduce the cost of power packs and extend the vehicle’s range, Reuters said, citing unidentified people familiar with the matter. An Apple spokesman declined to comment. MORE: https://bloom.bg/2LQ2UZI VIRUS-FREE STREAK ENDS: The first locally transmitted case of Covid-19 in more than eight months was reported in Taiwan, ending what was the world’s longest stretch without a domestic infection and providing a reminder of the virus’s ability to outfox even the most successful efforts to contain it. MORE: https://bloom.bg/2JbxJqR Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake