BERLIN (Reuters) – German tax authorities should show leniency towards private households and companies, for example by suspending enforcement measures in certain cases, in light of the energy crisis, said a Finance Ministry letter seen by Reuters on T…
Norway hikes tax on oil industry by NOK 2 billion in 2023
OSLO (Reuters) – Norway’s centre-left government said on Thursday it planned to raise taxes on the country’s oil and gas industry by 2 billion Norwegian crowns ($191 million) in 2023 by partly reversing an incentive package introduced during the corona…
CMC Markets sees higher half-yearly profit on market volatility
(Reuters) – Online trading platform CMC Markets Plc said on Thursday it expected interim profit to be ahead of last year, as client trading volumes increased in August and September on the back of volatile stock and foreign exchange markets. The compan…
Dollar wavers as traders turn to payrolls
By Tom Westbrook SYDNEY (Reuters) – The dollar wobbled in a choppy Asia session on Thursday, as investors looked ahead to U.S. labour and inflation data where softness may signal an eventual slowdown in U.S. rate hikes. After surging on Wednesday, the …
Rowing-British Rowing calls for creation of ‘open’ category for transgender athletes
(Reuters) – The chair of British Rowing has called on the sport’s world governing body to follow swimming’s lead and create an “open” category for transgender athletes. Transgender rights have become a major talking point as sports seek to balance incl…
Stocks gain as dollar eases, oil gets a boost from OPEC+ deal
By Amanda Cooper LONDON (Reuters) – Global shares rose on Thursday as the dollar eased ahead of U.S. jobs data that could offer a steer on the outlook for interest rates, while oil prices surged after OPEC+ agreed to cut output. Investors are anxiously…
Big question at new European club’s first summit: what is it for?
By Michel Rose and Sabine Siebold PRAGUE (Reuters) – Leaders of 44 European countries gather on Thursday for the inaugural summit of the European Political Community (EPC), a grand show of solidarity for a continent mired in multiple crises, but beyond…
Fitch cuts UK’s rating to ‘negative’ from ‘stable’
(Reuters) – Fitch Ratings on Wednesday revised the outlook on the United Kingdom’s long-term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to “negative” from “stable” and affirmed the IDR at ‘AA-‘ (Reporting by Arunima Kumar in Bengaluru; Editing…
Musk, Twitter may reach deal to end court battle as early as Wednesday -source
By Tom Hals and Anirban Sen WILMINGTON, Del. (Reuters) -Elon Musk and Twitter Inc may reach an agreement to end their litigation as soon as Wednesday and clear the way for the world’s richest person to close his $44 billion deal for the social media pl…
Spain and Germany strengthen alliance and pressure France to build gas pipeline
By Andreas Rinke and Belén Carreño LA CORUNA (Reuters) -At a time of a shifting balance of power within Europe, Spain and Germany’s leaders vowed on Wednesday to strengthen their alliance and doubled down on their plan to build a new Pyrenean gas pipel…