Spain fears tourism from France could dry up, slowing its recovery
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France warned its citizens on Thursday to avoid Spain and Portugal for holidays this summer due to rising Covid-19 cases. Spain, however, is relying on tourism to restart its economy and the loss of French tourists will be a huge blow for embattled tourism companies. Meanwhile, holiday and flight bookings from the UK surged after the government announced that it would ease quarantine restrictions for England.
But first, the G20 summit in Venice begins this Friday, with finance ministers gathering to discuss global tax reform.
Plus, the US is set to add more Chinese companies to its economic blacklist because of human rights abuses in Xinjiang, while the UK gets into a dispute with the EU over its Brexit divorce bill.
Finally, nightclubs in France are finally allowed to reopen this weekend – but two thirds of them won't open their doors because of a lack of staff.
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