By Charlotte Van Campenhout AMSTERDAM (Reuters) -The Dutch Parliament on Thursday approved a plan to raise taxes on private jet travel from 2030. The rules will apply to aircraft with 19 seats or fewer. Under the new system, passengers on flights of up to 2,000 km (1,243 miles) will pay 420 euros ($486). Those travelling …
By Muvija M and William Schomberg LONDON (Reuters) -British finance minister Rachel Reeves fought back on Thursday against criticism that she was raising the tax burden to a post-World War Two high to fund extra welfare spending and returning the Labour Party to its high-tax, high-spend past. A day after announcing plans to raise taxes …
UK’s Reeves fights criticism that she raised taxes to fund welfare Read More »
FRANKFURT (Reuters) -European Central Bank policymakers were in no hurry to cut rates when they met last month as uncertainty remained high and some even thought that no more easing would be needed, the accounts of the October 29-30 meeting showed on Thursday. The ECB left interest rates unchanged at the meeting, arguing that policy …
ECB accounts show no hurry to cut rates, debate on declaring end of easing Read More »
MOSCOW (Reuters) -Russia’s central bank said on Thursday that central banks in emerging markets were buying gold to diversify their international reserves due to an attempt by the G7 to use billions of dollars of frozen Russian assets. On track for its biggest yearly rise since 1979, gold is up 59% so far this year …
By Yadarisa Shabong and Raechel Thankam Job (Reuters) -Demand for new homes could gradually recover next year, giving British homebuilders a much-needed boost, analysts and some investors said after finance minister Rachel Reeves’ budget cleared uncertainty that held buyers back. Shares of homebuilders, such as Berkeley, Barratt Redrow and Persimmon were about 1% to 3% …
UK housing demand seen recovering on clearer post-budget outlook Read More »
(Reuters) -Spain’s lower house rejected the government’s proposed 2026 spending plan on Thursday, providing a setback to the government’s attempts to restore a normal budget timetable. The plan set a ceiling of 216.2 billion euros ($250.3 billion) for government spending, excluding debt-related costs, an 8.5% increase from last year. It failed to secure backing from the conservative …
Spanish parliament rejects government’s 2026 spending plan Read More »
By Yoruk Bahceli LONDON (Reuters) -Britain’s tax-raising budget reduces near-term uncertainty, but doesn’t change JPMorgan’s expectations for government bond yields to rise next year, the bank’s head of European rates strategy research said on Thursday. Finance minister Rachel Reeves delivered a highly anticipated budget on Wednesday that raises taxes and doubles her margin to meet …
Britain’s budget reduces uncertainty, doesn’t change outlook for gilts, JPM says Read More »
FRANKFURT (Reuters) -It is too early for the European Central Bank to discuss another interest rate cut as inflation in the euro zone might still turn out higher than expected, ECB policymaker Martins Kazaks said on Thursday. The ECB halved its policy rate in the year to June as it watched price growth fall to …
ECB’s Kazaks says time is not ripe for a rate cut Read More »
(Reuters) -German chemical company Wacker Chemie plans to cut around 9% of its workforce, mostly in Germany, by the end of 2027, it said on Thursday, blaming high energy prices and excessive bureaucracy in Europe’s biggest economy. Wacker, which had announced a cost savings programme last month but gave no details, said it aims for …
Wacker Chemie to cut more than 1,500 jobs, blaming high energy prices, German red tape Read More »
ROME (Reuters) -Italy’s government has given its conditional approval to Chinese e-commerce giant JD.com’s takeover of German electronics retailer Ceconomy, a parliamentary document showed on Thursday. Using its so-called “golden power” legislation, Italy reserves the right to block or set conditions on domestic and foreign deals affecting the country’s strategic assets. As part of the …
Italy conditionally approves Chinese JD.com’s takeover of Ceconomy Read More »
