22 June: Your round-up of the issues leading today's agenda
- France plans to ban commercial air travel on the country’s shortest domestic routes in a bid to prevent low-cost carriers picking up links Air France is being forced to abandon as part of the terms of a bailout package, Bloomberg reports. “If we are asking things of Air France, it’s not so that low-cost companies can come along and start their own service,” French Environment Minister Elisabeth Borne said Monday on RMC radio. Ryanair Holdings Plc and EasyJet Plc already operate services in France.
- Bank of England Governor Andrew Bailey signaled a major shift in the central bank’s strategy for removing emergency stimulus, stressing the need to reduce the institution’s balance sheet before hiking interest rates. Writing for Bloomberg Opinion, Bailey said such a plan would give officials more firepower in future crises. The BOE’s balance sheet has swelled to almost 700 billion pounds ($864 billion) because of its extraordinary measures during the coronavirus pandemic, and is set to grow much larger because of the central bank’s bond-buying program.
- Spain’s Foreign Minister Arancha González Laya has said that travelers from the United Kingdom will not need to undergo a two-week coronavirus quarantine when they arrive in Spain, despite the fact that all passengers traveling in the opposite direction are currently required to self-isolate for a 14-day period, El País reports.
- The coronavirus reproduction rate in Germany jumped to 2.88 on Sunday, up from 1.79 a day earlier, the Robert Koch Institute (RKI) for public health said, taking infections above the level needed to contain it over the longer term, according to CNBC. A reproduction rate, or ‘R’, of 2.88 means that out of 100 people who contracted the virus, a further 288 other people will get infected. A rate of less than one is needed to gradually contain the disease.