government-funding
FinanceGerman Government Plans Billions of Euros in New Chip Subsidies, Bloomberg News Reports
Top StoriesGerman Court Approves Windfall Profit Skimming for 2022 Energy Crisis
FinanceSpain Announces 2.3 Billion Euros in New Aid to Valencia After Floods
Top StoriesGerman Minister Proposes Subsidies to Stabilize Power Network Fees
Italy’s League Announce Bill to Overhaul Central Bank’s Governance
Date: November 26, 2024
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – Italy’s co-ruling League party said on Tuesday it was drawing up a bill to boost politicians’ powers to name senior central bank policymakers, reforming the current system by which appointments are largely made mainly internally. “Parliamentary involvement is imperative to avoid a dangerous self-referentiality of supervisors,”...
Britain’s Parliament to Vote on Strict Anti-Smoking Rules
Date: November 26, 2024
By Catarina Demony LONDON (Reuters) – British lawmakers will on Tuesday debate and vote on plans to introduce some of the world’s strictest anti-smoking rules, including banning younger people from smoking. The Tobacco and Vapes Bill aims to make vapes less appealing and would ensure anyone aged 15 this year, or younger, would be banned...
Atos Receives Offer From French Government for Its Advanced Computing Activities
Date: November 25, 2024
(Reuters) -French IT firm Atos on Monday entered negotiations with the government for the potential acquisition of its advanced computing activities for an enterprise value of 500 million euros ($524 million). The target is to have a share purchase agreement signed by May 31, 2025, it said in a press release. Atos also announced a...
Germany Considers Reforming Debt Brake Amid Economic Challenges
Date: November 22, 2024
BERLIN (Reuters) – New German finance minister Joerg Kukies said on Friday that a moderate and targeted reform of the debt brake, which limits the public deficit to 0.35% of gross domestic product, was being discussed. Germany’s ruling Social Democrats (SPD) and Greens in particular have bristled at the spending rules at a time when...
Germany Pushes 17-billion-euro Gas Power Plan Despite Election Uncertainty
Date: November 22, 2024
By Markus Wacket and Riham Alkousaa BERLIN (Reuters) – Germany’s economy minister pushed ahead on Friday with legislation to provide billions of euros to build gas power plants, according to government sources, but the chances of the plan receiving parliamentary approval were slim. Robert Habeck’s position as head of the economy and energy ministry has...
COP29 Climate Summit Draft Proposes Rich Countries Pay $250 Billion per Year
Date: November 22, 2024
By Valerie Volcovici, Gloria Dickie BAKU (Reuters) -The COP29 climate summit presidency released a draft finance deal on Friday that would have developed nations take the lead in providing $250 billion per year by 2035 to help poorer nations – a proposal that drew criticism from all sides. World governments represented at the summit in...