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FinanceFactbox-Governments Act to Ease Inflation Pain
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Russian Regulator Says Mobile Operator Mts Breached Anti-Monopoly Laws
Date: October 13, 2022
MOSCOW (Reuters) -Russia’s competition watchdog on Wednesday said leading telecoms company MTS violated anti-monopoly legislation in raising the price of some mobile tariff plans well above inflation. Prices for most goods and services rose sharply soon after Russia sent thousands of troops into Ukraine in February, sparking hefty Western sanctions. The Federal Antimonopoly Service (FAS)...
German Gas Commission Agrees Proposals to Ease Impact of Soaring Prices
Date: October 10, 2022
BERLIN (Reuters) -Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said. A draft of a paper seen by Reuters earlier showed the commission favoured the state giving households and businesses a...
Factbox-Government Measures to Ease Inflation Pain
Date: October 5, 2022
(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * U.S. President Joe...
Factbox-Government Measures to Ease Inflation Pain
Date: September 22, 2022
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * Brazil’s oil giant...
Big Bank CEOs to Sell Lawmakers on Relief, Diversity Efforts Amid Economic, Regulatory Challenges
Date: September 20, 2022
By Pete Schroeder WASHINGTON (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon will warn Congress of economic “storm clouds,” while Wells Fargo CEO Charles Scharf will urge patience as the bank addresses longstanding regulatory issues, according to wide-ranging prepared testimony. The heads of the nation’s seven largest banks on Wednesday and Thursday will broadly...
France Caps Energy Price Increase at 15% Next Year to Shield Consumers
Date: September 14, 2022
By Tassilo Hummel and Leigh Thomas PARIS (Reuters) -France will cap power and gas price increases for households at 15% next year, Prime Minister Elisabeth Borne said on Wednesday, to ease the pain of Europe’s worst energy crisis in decades on consumers. The caps will cost the state 16 billion euros ($16 billion) and prevent...