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WARSAW (Reuters) – Polish banks will be taxed more if they don’t offer clients higher interest on their deposits, the leader of Poland’s ruling party said on Saturday, intensifying government pressure on the sector to share the benefits of rising rates with savers. Poland’s main interest rate is at its highest level since 2008, boosting …

Poland’s Kaczynski tells banks to give savers higher interest or expect more taxes Read More »

(Reuters) – Sanctions-hit Russia has reduced its sunflower oil export tax sharply after changing the formula it uses for calculating it to support shipments while its rouble currency hovers near multi-year highs, the agriculture ministry said on Saturday. The sunflower oil export tax is set at 8,408.7 roubles ($163.3 at the current rate) per tonne …

Russia reduces sunflower oil export tax sharply to support exports Read More »

STOCKHOLM (Reuters) -Scandinavian airline SAS and its pilots have agreed to extend their wage talks until Monday in the hope of averting a strike, a company executive told reporters on Saturday. Close to 1,000 pilots in Denmark, Sweden and Norway plan to strike if talks break down, according to the unions, which SAS had said …

SAS and its pilots extend wage talks until Monday Read More »

(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday. Bailey has expressed disquiet about a so-called ‘call-in power’ which will be included in the Financial Services and Markets Bill, which is due to be introduced this year, …

BoE’s Bailey opposes Treasury plan to overrule financial regulators – Sky News Read More »

By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by Sequoia Capital, according to a person familiar with the matter. The financing round is yet to be finalized, but if successfully completed would represent a …

Klarna in talks to raise fresh funds at roughly $6 billion valuation -source Read More »

BERLIN (Reuters) – Germany’s energy regulator has listed priority areas that would have protected access to power if there are severe gas shortfalls this winter, ranging from households and hospitals to pharmaceuticals companies and paper producers. Sharp cuts to deliveries of Russian gas through the Nord Stream pipeline have led authorities to make urgent preparations …

German regulator hints at gas rationing priorities, Funke reports Read More »

By Hyunjoo Jin SAN FRANCISCO (Reuters) -Fifteen Black former or current employees at Tesla filed a lawsuit against the electric car maker on Thursday, alleging they were subjected to racial abuse and harassment at its factories. The workers said they were subjected to offensive racist comments and behavior by colleagues, managers and human resources employees …

Tesla hit by new lawsuit alleging racial abuse against Black workers Read More »

MILAN (Reuters) -Italy’s Agnelli family, whose investments include carmaker Stellantis and soccer club Juventus, is set to buy a slice of French healthcare group Institut Merieux for 833 million euros ($867 million) through its Exor holding company. The deal, announced on Friday by the two companies, will see privately-held Institut Merieux selling a 10% stake …

Agnelli’s Exor expands in healthcare with 10% stake in Institut Merieux Read More »