Finland’s ruling coalition came to an agreement on spending plans, averting a collapse of the Nordic nation’s Social Democrat-led government by a thin margin, Bloomberg reported. The five-party cabinet patched up its differences, forging a common vision of how Finland’s recovery from the pandemic should take place, Prime Minister Sanna Marin said. The broad outlines of the deal are now agreed, and the government will continue hammering out the details, she said.

The European Commission has launched legal action against pharmaceutical company AstraZeneca over shortfalls in deliveries of its COVID-19 vaccine, which had once been expected to form the backbone of the continent’s inoculation strategy before falling starkly behind, The Irish Times reported. Under its contract with the EU, the British-Swedish company committed to make “best reasonable efforts” to deliver 300 million doses between December and June, but later revised this figure down to 100 million, a shortfall that slowed vaccine rollouts across the continent.

The battering to Wall Street banks from Archegos Capital Management topped $10 billion after UBS Group AG and Nomura Holdings Inc. reported fresh hits caused by the fund’s collapse, the Wall Street Journal reported. UBS, Switzerland’s biggest bank by assets, said it lost $774 million following Archegos’s implosion, a bigger hit than analysts expected, deepening the damage caused by the fund. Meantime, Japan’s Nomura, which flagged losses of around $2 billion last month, upped its total damage tally to $2.85 billion.

Liverpool reported a pre-tax loss of 46 million pounds ($64 million) for the last financial year, mainly because of the impact the coronavirus outbreak had on the English champion’s media revenue and matchday income, the Associated Press reported. The losses for the financial year ending May 2020, a period covering the first three months of the pandemic when the Premier League was suspended, equated to a negative swing of 88 million pounds ($122 million) from Liverpool’s position a year ago.

U.S. tourists vaccinated against COVID-19 will be able to visit the European Union in the coming months, European Commission chief Ursula von der Leyen said and France 24 reported. Signaling a major change in EU policy as vaccinations step up worldwide, von der Leyen gave no timetable, but the Times said that the new rules could be in place by this summer. "The Americans, as far as I can see, use European Medicines Agency-approved vaccines," she said. "This will enable free movement and travel to the European Union.

The U.K. has imposed sanctions on 22 people accused of serious corruption in Russia, South Africa and four other nations in the first use of a new tool to fight corrupt activities globally, Sky News reported.

Italian Premier Mario Draghi is presenting a 222.1 billion euro ($268.6 billion) coronavirus recovery plan to Parliament on Monday, aiming to not only bounce back from the pandemic but enact “epochal” reforms to address structural problems that long predated COVID-19, the Associated Press reported.

An Irish Government Minister has suggested it will be possible for taxes owed by struggling small businesses to be written down in new “examinership-lite” proposals that could be enacted before the summer, the Irish Times reported.

British retail sales jumped last month before a partial lifting of coronavirus restrictions, suggesting an economic rebound is underway, but official data also showed record peacetime government borrowing, Reuters reported.

The U.K. scaled back its bond sale plans by more than expected after the budget deficit undershot official forecasts during a pandemic-blighted year that ravaged the public finances, Bloomberg News reported.