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Top StoriesBritish PM Rishi Sunak Pledges Further Action on Strikes to ‘protect Lives’
FinanceThe Irs Waives $1.2 Billion in Late Fees. How You Can Take Advantage
Top StoriesFactbox-How Governments Are Trying to Ease Inflation Pain
FinanceIrish Corporate Tax Boom Breaks More Records in November
Italy Seeks Fresh Options for Tim as Bid for Network Seen Fading
Date: November 29, 2022
By Elvira Pollina and Giuseppe Fonte MILAN/ROME (Reuters) -Italy’s new government will likely need to seek fresh options for ailing former phone monopoly Telecom Italia, as a planned bid for its landline grid by state lender CDP appears increasingly unlikely. Championed by the previous government of Mario Draghi, the multi-billion-euro bid is part of a...
UK to Launch New Billion-Pound Home Insulation Programme
Date: November 28, 2022
LONDON (Reuters) – Britain’s government intends to make 1 billion pounds ($1.2 billion) of public funding available for home insulation projects from early next year, widening access to assistance that was previously only available to poorer households. The government said the proposed scheme would run from early 2023 until March 2026 and would help meet...
Malaysia’s New PM Anwar Says First Priority Is Cost of Living
Date: November 25, 2022
By Mei Mei Chu KUALA LUMPUR (Reuters) – Malaysia’s newly appointed Prime Minister Anwar Ibrahim said on Friday his primary focus would be on the cost of living as he takes office with a slowing economy and a country deeply split after a close election. Anwar, 75, was sworn in as premier on Thursday, capping...
UK Bond Dealers See Jump in Gilt Issuance for 2023/24 – Reuters Poll
Date: November 16, 2022
By David Milliken LONDON (Reuters) – Bond dealers expect Britain to trim debt issuance plans for the current financial year, compared with those made just after September’s “mini-budget”, but see a big jump in issuance next year, a Reuters poll showed on Wednesday. Finance minister Jeremy Hunt will set out new borrowing plans on Thursday...
Explainer-Bracket Creep, Fiscal Drag: How Inflation Warps the Tax Take
Date: November 14, 2022
By Leigh Thomas PARIS (Reuters) – While households struggle to cope with rocketing prices, the inflation spike is good for the taxman because it means there are simply more revenues to tax. But that leaves governments with tough decisions about whether to return those gains or not. Here are some of the ways that higher...
Germany’s 2023 New Debt Estimate Soars as Energy Crisis Weighs
Date: November 11, 2022
By Christian Kraemer and Holger Hansen BERLIN (Reuters) -The energy crisis will push Germany to take on well over twice as much new debt next year as previously expected, officials said on Friday, saddling it with billions of euros in unplanned interest payments. The budget foresees 45.61 billion euros ($46.62 billion) in new debt in...