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Tesla has dropped its lawsuit against the California county that denied its request to resume car production at its plant in Fremont. The company restarted production in defiance of the authorities and all but dared anyone to arrest him, but authorities reviewed Tesla’s plans and said they were likely to give the go-ahead.
Spain’s parliament has voted to prolong the extraordinary legal order underpinning the country’s lockdown for a further two weeks, to the relief of prime minister Pedro Sánchez.
The UK’s Home Secretary, Priti Patel, was embroiled in controversy on Wednesday after she bowed to pressure to widen a scheme to help non-European families of health staff who die fighting the coronavirus pandemic, but refused to extend a second scheme.
Federal Reserve officials debated ways to firm up guidance on the future path of monetary policy, including a stronger pledge to keep interest rates close to zero until the recovery from the coronavirus crisis reached certain milestones, according to minutes of last month’s meeting of central bank policymakers.
Greece plans to re-open on June 15 to tourists from a group of 20 countries “with a good track record” of containing the coronavirus epidemic. No health checks would be required.
The US Treasury department saw solid demand for its new 20-year bond on Wednesday, underscoring its ability to fund the government’s record-setting spending packages at historically low interest rates.
Andrew Cuomo has asked all local governments around the state to follow New York City’s lead and test low-income communities in an effort to slow the spread of Covid-19 that continues at a faster pace there than in wealthier areas.
A survey of Dubai companies has found that 70 per cent expect to close within the next six months as fears over the economic toll from coronavirus deepen.
US president Donald Trump has said he is planning to host G7 leaders at the Camp David presidential retreat near Washington for their annual summit, rather than by video-conference, as a sign of “normalisation” as advanced economies take steps to lift coronavirus restrictions.