Low levels of pension knowledge among women impact financial planning and retirement income, according to a survey.
One in five German companies is facing a liquidity squeeze amid a second lockdown that has seen most stores and schools shuttered since mid-December, a survey of 18,000 businesses by the DIHK chambers of commerce showed. Especially hard hit are creative and artistic businesses, where a third said they saw a risk of insolvency, followed by tourism agencies with 30%, taxi companies with 27%, and restaurants and bars with 20%. Chancellor Angela Merkel and state leaders agreed last week to extend a lockdown until mid-February as Germany, once seen as a role model for fighting the pandemic, struggles with a second wave of infections.
The U.S. Senate is aiming to pass COVID-19 relief legislation before former President Donald Trump's impeachment trial begins in early February, a lawmaker said on Monday, amid growing signs of agreement on the need to speed vaccine distribution. A day after some Republicans pushed back on the size of President Joe Biden's $1.9 trillion relief proposal, Senator Angus King said the Senate plans to consider a bill in the next two weeks, while it also moves to confirm Biden's Cabinet ahead of the Trump trial's start during the week of Feb. 8.