Reuters UK Business Archives - Page 2881 of 3179

Irish task force says taxes must rise to fund major fiscal challenges

14 Sep 2022 14 Sep 2022

DUBLIN (Reuters) – Ireland will have to increase the level of taxation on people and businesses over time to meet public service demands and major fiscal sustainability challenges, a government-appointed commission said on Wednesday. The Commission on Taxation, whose recommendations are not binding, said it was necessary to broaden the tax base and that the …

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UK house price growth hits 19-year high of 15.5% in July due to tax effect

14 Sep 2022 14 Sep 2022

LONDON (Reuters) – British house prices leapt in July by 15.5% in annual terms, the biggest increase since May 2003, reflecting how prices in the same month last year were hit by the end of a tax break for home-buyers, the Office for National Statistics said. July’s increase represented a sharp jump from June’s 7.8% …

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Arm launches new chip design for cloud and data center

14 Sep 2022 14 Sep 2022

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Arm Ltd, the British chip technology firm owned by SoftBank Group Corp, on Wednesday launched its next generation of data center chip technology called Neoverse V2 to meet the explosive growth of data from 5G and internet-connected gadgets. Arm creates underlying intellectual property that other firms such …

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EU Parliament backs higher targets on renewables and energy savings

14 Sep 2022 14 Sep 2022

By Kate Abnett BRUSSELS (Reuters) – European Union lawmakers voted on Wednesday to raise the bloc’s targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe’s reliance on Russian gas. The vote happened as, separately, the European Commission proposed a package of …

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Suspicious minds leave UK assets all shook up

14 Sep 2022 14 Sep 2022

By Andy Bruce LONDON (Reuters) – There is trouble ahead for Britain’s new finance minister Kwasi Kwarteng: a marked shift in how British assets are behaving in markets points to growing unease about the economy’s vulnerabilities. Investors around the world have typically capitalised on weakness in the pound in the past to snap up British …

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Germany edges closer to nationalisation of ailing gas importer Uniper

14 Sep 2022 14 Sep 2022

By Tom Käckenhoff and Emma-Victoria Farr DUESSELDORF/FRANKFURT (Reuters) -Germany’s Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further aid, paving the way for a what could result in a full nationalisation of the firm. Uniper, Germany’s largest importer of Russian gas, burned through …

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EU proposes windfall levies on energy firms to ease price pain

14 Sep 2022 14 Sep 2022

By Kate Abnett BRUSSELS (Reuters) -The European Union’s executive plans to raise more than 140 billion euros ($140 billion) to shield consumers from soaring energy prices by skimming off revenues from low-cost electricity generators and making fossil fuel firms share windfall profits. The European Commission published the proposals on Wednesday as the 27-member European Union …

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Oil demand set to stop growing in Q4 as slowdown bites, IEA says

14 Sep 2022 14 Sep 2022

By Noah Browning LONDON (Reuters) – Growth in global oil demand is set to grind to a halt in the fourth quarter of this year as an economic slowdown deepens, the International Energy Agency (IEA) said on Wednesday, but said it would resume strongly in 2023. The outlook preserves a relatively bullish view for robust …

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Women expect higher inflation than men, driven by food costs: ECB study

14 Sep 2022 14 Sep 2022

FRANKFURT (Reuters) – Women expect higher inflation then men and their outlook is primarily driven by food costs, a European Central Bank study found on Wednesday, a potential concern for policymakers as the rise in food prices is in double digit territory and increasing. With inflation at a record high across the euro zone, the …

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Air France cancels 55% of short, medium-haul flights Sept. 16 due to strike

14 Sep 2022 14 Sep 2022

PARIS (Reuters) – A strike by French air traffic controllers will cause Air France to operate only 45% of its short and medium-haul flights on Friday, Sept. 16, the airline said on Wednesday. Air France also plans to operate 90% of its long-haul flights that day, the statement said. France’s DGAC aviation authority said on …

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