German Finance Minister Olaf Scholz plans a coronavirus aid package worth up to 10 billion euros ($11.82 billion) to compensate firms hit by a new round of lockdown measures, three people familiar with the matter told Reuters on Wednesday. "The situation is very, very serious. We need far-reaching measures now and we have to cushion their impact financially," Scholz said during a virtual meeting with Chancellor Angela Merkel and the 16 state premiers according to participants, according to one of the people. Scholz wants to pay small and medium-sized firms that will be forced to close 75% of their lost sales in ... (full story)