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Top StoriesTrailing UK Leadership Candidate Sunak Says Contest Is in ‘early Days’
Top StoriesItaly’s Right-Wing Frontrunner Asks Draghi to Freeze Ita Airways Sale
Top StoriesEU Approves 3-billion-euro German Green Heating Scheme
Top StoriesItaly’s Right-Wing Frontrunners See Room to Revamp National Recovery Plan
Germany Set to Impose Gas Levy on Consumers to Support Ailing Importers
Date: July 28, 2022
By Markus Wacket and Riham Alkousaa BERLIN (Reuters) – Germany is set to impose a levy on all gas consumers from Oct. 1 aimed at helping suppliers struggling with soaring gas import prices, a draft law showed on Thursday. The levy aims to share the additional costs for replacing gas from Russia among all users,...
Germany to Reduce Electric Car Subsidies in 2023
Date: July 26, 2022
BERLIN (Reuters) -Germany will reduce financial incentives to buy electric cars next year after an agreement within the governing coalition, as the vehicles’ growing popularity makes government subsidies unnecessary, Germany’s economy ministry said on Tuesday. The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion...
Crisis-Hit Sri Lanka Swears in New Prime Minister
Date: July 22, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Senior Sri Lankan lawmaker Dinesh Gunawardena was sworn in on Friday as the new prime minister, his office said, a day after the swearing-in of a new president as the Indian Ocean nation grapples with its worst economic crisis in decades. The event came just hours after security forces raided...
Uniper Rescue Plan Takes Shape, With Price Rises Possible
Date: July 20, 2022
By Christoph Steitz and Andreas Rinke FRANKFURT (Reuters) -The German government plans to take a 30% stake in Uniper and will allow the utility to pass on some energy costs to customers as part of a bailout package that sources told Reuters could be finalised this week. The government also plans to quadruple a credit...
Factbox-Who Will Replace UK Prime Minister Boris Johnson?
Date: July 20, 2022
By Andrew MacAskill and Kylie MacLellan LONDON (Reuters) – Three candidates are left in the contest to replace Boris Johnson as British prime minister. Below are some details on the contenders, who are listed in alphabetical order. PENNY MORDAUNT The former defence secretary was sacked by Johnson after she endorsed his rival, Jeremy Hunt, during...
Italy’s Right Rules Out Returning to Government With 5-Star
Date: July 19, 2022
By Crispian Balmer and Angelo Amante ROME (Reuters) – Conservative parties in Italy’s fractured coalition ruled out on Tuesday continuing to govern alongside the 5-Star Movement, complicating already difficult efforts to keep Prime Minister Mario Draghi’s administration afloat. Draghi tendered his resignation last week after the populist 5-Star Movement refused to back the 18-month-old national...