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BUSINESS ARENA | 01.03.2021 | GUEST: PAWEŁ PIETKUN | Poland In

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Today in Business Arena: Americans can breathe a sigh of relief. Biden scores legislative win as House passes 1.9 trillion dollars Covid-19 relief plan. The cash would be extended as emergency financial aid to households, small businesses and state governments. Unemployment is close to 10%, with some 10 million jobs lost in the pandemic.
In brief remarks at the White House on Saturday, President Biden applauded the House's approval of the plan, saying he hoped it would receive "quick action" at the Senate.
The nationalization of financial institutions is questionable in most economies. Especially in Eastern Europe where the state is very active. Kyiv’s Economic Court, has ruled that state-owned PrivatBank, thje biggest retail bank, must pay $1.5 million to the food producer Opt Nafta Plus.
As the covid 19 pandemic destroyed global travel and tourism here on Earth, what about the plans for the world’s wealthiest to take a trip to space? Well, it seems that they will just have to wait like everyone else. Billionaire Richard Branson’s Virgin Galactic, which is developing commercial spacecraft for space tourists and suborbital launches for space science missions, hit a bit of a setback due to electromagnetic interference problems.


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