Bloomberg Business

German Coalition Split on Magnitude of Increase in Carbon Price

Germany will increase a levy on polluting fossil fuels used in housing and transportation next year as planned, but senior coalition officials are at odds over the magnitude of the rise given the impact of persistently high inflation on consumers in Europe’s biggest economy.

Fitch’s US Credit Downgrade Sparks Criticism Along With Unease

Fitch Ratings’ downgrade of US government debt sparked criticism from Washington and Wall Street even amid unease that swollen fiscal deficits risk eventual turbulence in markets, the economy and next year’s presidential election.

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