BERLIN (Reuters) – Germany should not tax “excessive” company profits earned amid an economic and energy crisis as that would interfere with market forces, the finance minister said in an interview on Sunday when asked about the windfall levies imposed elsewhere in Europe. Italy and Britain are among those to introduce windfall taxes this year …
Germany’s finance minister says he opposes taxing ‘excessive’ profits Read More »
BERLIN (Reuters) – Germany plans to give the transportation of materials and equipment essential for energy production priority on the country’s rail networks should water levels on the Rhine fall further and hamper shipping by river, a draft decree shows. DB Netz, the rail network arm of railway operator Deutsche Bahn, has already rejigged usage …
Germany to give energy essentials priority by rail if Rhine disruption worsens Read More »
FRANKFURT (Reuters) – German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday. Germany has 23.3 billion cubic metres (bcm) of underground gas storage, a little more than a fifth of the 100 bcm of gas used …
Germany reaches 75% gas stocks target ahead of schedule Read More »
BERLIN (Reuters) – German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limited period of time, a copy of his letter seen by Reuters showed on Sunday. Germany’s gas market operator is set to announce on Monday the size …
German finance minister writes to Brussels over VAT exemption for gas levy Read More »
(Reuters) – Scandinavian airline SAS said on Saturday it entered into an agreement with Apollo Global Management to raise $700 million of fresh financing it needs to see it through bankruptcy. The airline filed for bankruptcy protection in the United States in early July to help cut debt after the collapse of wage talks between …
SAS secures $700 million financing to aid restructuring Read More »
(Reuters) -Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG take on the largest Wall Street firms, died overnight on Saturday after a five-year battle with cancer, his family said. He was 59. Jain, who was born in India, spent two decades building Deutsche Bank into one of the …
By Andrea Shalal KYIV (Reuters) – Securing a new $5 billion loan from the IMF would help reassure Ukraine’s other creditors that the war-torn country’s macroeconomic situation was under control, President Volodymyr Zelenskiy’s chief economic adviser told Reuters on Friday. Fresh financing from the International Monetary Fund for around 18 months could serve as the …
FRANKFURT (Reuters) – German’s EnBW said on Saturday it is pressing ahead with the planned sale of high-voltage power transmission network TransnetBW, as a media report said a Stuttgart insurance company representing Baden Wuerttemberg state savings banks was among bidders. “Preparations for the approach to the market are making good progress and we will hold …
EnBW says it is pressing ahead with planned sale of TransnetBW Read More »
By Kannaki Deka (Reuters) -Peloton Interactive Inc said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after the …
Peloton to cut jobs, shut stores and raise prices in company-wide revamp Read More »
By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) -Audi of America, Kia Corp and Porsche said on Friday that buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure. The Volkswagen AG unit said only the …
Audi, Porsche, Kia say U.S. EV buyers will lose tax credit under legislation Read More »
