Germany plans 22 bn euros in Covid aid for companies in first half of 2021

wayne


expects to pay out 22 billion euros ($26 billion) in COVID-19 relief aid from January through June 2021 to companies and self-employed people, people close to the matter said, as the impact of the pandemic extends into next year.


Separately, Germany’s November coronavirus aid package to compensate firms affected by lockdown measures will this month amount to 14 billion euros, they said. Initially, the government had expected to pay out 10 billion euros.



The German government’s council of economic advisers expects the economy to shrink less than initially feared this year thanks to a strong summer, but a second wave of the COVID-19 pandemic is clouding the growth outlook for 2021.


As part of the new round COVID-19 relief measure, companies can get up to 200,000 euros a month to cover fixed costs such as rent, while solo entrepreneurs can get up to 5,000 euros.


has enough fiscal firepower to unleash more rescue and stimulus measures if needed to counter the impact of the pandemic on Europe’s largest economy, Finance Minister Olaf Scholz had said on Thursday.


plans to borrow more than

Domestic air traffic reaches new high on Friday over Diwali rush

wayne


Indian handled the highest passenger volume this season on Friday as residents headed out to native places and leisure destinations for Diwali festival.


Civil aviation minister Hardeep Singh Puri tweeted that domestic aviation operations reached a new high on occasion of Diwali as 2,25,097 passengers flew on 1,903 flights.



Domestic air travel resumed on May 25 with limits on number of flights and caps on fares. The civil aviation ministry has now allowed the airlines to operate 70 per cent of capacity.


The country’s busiest in Delhi and Mumbai saw highest footfalls on Friday as seat occupancy rose from around 60-65 per cent to over 70 per cent. While Delhi handled 81,570 passengers, Mumbai saw 46,442 passengers.


“Month on month we are seeing an improvement in traffic. Business on Diwali has been better than Dussera,” said a senior executive of a private airline. Seat occupancy has remained stable as the government has allowed for gradual ramp up in capacity. However traffic is still 50 per cent of pre-Covid level.


“Its a good trend and we hope traffic will sustain,” head of another airline

Ethiopians Fleeing Fighting Return To Famine-era Sudan Camps

wayne

Two decades since Burhan Yussef left the Um Raquba camp where he had sought refuge from devastating famine in his homeland of Ethiopia, the 77-year-old is returning.

Yussef this week arrived in eastern Sudan, after fleeing Ethiopia’s northern Tigray region for a second time to save his life, joining long columns of thousands of others to escape intense fighting, air-strikes, rocket attacks and artillery barrages.





Map of Ethiopia and Sudan locating the Ethiopian region of Tigray and the Sudanese towns of Kassala and Gadaref
 AFP / Simon MALFATTO

“Returning is not a good feeling,” Yussef said.

He trekked out of Ethiopia in plastic sandals and leaning on a stick for support, crossing the river that marks the frontier by squeezing precariously into a small boat, crammed with other exhausted and terrified Ethiopians seeking safety.



Thousands of Ethiopians have fled fighting in their home of Tigray into neighbouring Sudan, many with only what they could carry; this photograph was taken east of the town of Gadaref, on November 13


Thousands of Ethiopians have fled fighting in their home of Tigray into neighbouring Sudan, many with only what they could carry; this photograph was taken east of the town of Gadaref, on November 13
 AFP / Ebrahim HAMID

Yussef is supported by his daughter, who grew up as a refugee in Sudan in the wake of the Ethiopia’s 1984-5 famine.

Many recount similar stories of suffering.

Subscribe Now