Summary: Senate Republicans unveiled a White House-backed plan for $1tn in new stimulus that would cut emergency unemployment benefits by two-thirds, the dollar weakened to a two-year low on Monday as coronavirus flare-ups weighed on investor confidence and Major League Baseball contends with a fresh coronavirus outbreak. Plus, the FT’s banking editor, Stephen Morris, will explain what lies ahead for European banks when it comes to loan losses and dividends. Republicans unveil $1tn stimulus plan cutting jobless benefits https://www.ft.com/content/3c6d86e9-93b4-41af-9803-046940cedf99? Dollar sinks to two-year low on concern over US virus toll https://www.ft.com/content/9d9fa97c-154f-46fb-affd-51f45a0de08a US baseball league postpones games after outbreak hits Miami team https://www.ft.com/content/12b00810-5b8c-4df0-b22d-cabe898770a3 Banks across Europe braced for further heavy loan-loss charges https://www.ft.com/content/d42d735a-9aa3-454e-955a-3e0b22eda03d <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
