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Ireland becomes the latest EU country that raises bank levy
Ireland is the latest European nation to increase taxes on banks, targeting the higher profits that lenders made from the rising interest rate.
Dublin announced that as part of its Irish Budget, which was released on Tuesday morning, the…
Does the end of data collection on Instagram come with ad-free Instagram?
Max Schrems expected a large document when he asked Facebook to give him all of the information the company held on him.
The Austrian student of law was not prepared for the 1,200 page tome that detailed every friend request,…
Analysts warn that Europe’s money printing spree could end in bailouts
Europe's money printing spree could trigger bailouts on the Continent, as governments are forced to pay for a decade of cheap currency.
BNP Paribas has warned that the European Central Bank's (ECB) continued shrinkage of its balance…
Alibaba accused of possible espionage at European hub
The Belgian intelligence service is monitoring Alibaba's major logistics hub in Europe to detect espionage. This follows suspicions that Beijing may be exploiting the growing economic presence of its western counterpart.
European…
SoftBank and Revolut strike a share deal to remove the UK license barrier
Revolut and its largest investor SoftBank have agreed to simplify their ownership structure. This removes one of the obstacles that Revolut faced in gaining a long-awaited banking license on its home market.
Revolutand Japanese investor…
Atomico, a European venture capital company, raises $1.1bn in order to combat the tech slowdown
Atomico, a European venture capital company, has raised $1.1bn in new funding for start-ups. This is despite a general slowdown in technology.
According to US regulatory filings the London-based group raised fresh money for its new…
Bond sales intensify as US long-term yields reach 16-year high
The yield on US Treasuries of 30 years hit its highest level in 16 years on Tuesday as a global sell-off on bond markets sent equities falling and currencies like the yen, rouble and yuan into a tailspin.
The 30-year US yield has reached…
The EU candidate for climate chief is calling for global carbon taxes
The EU's nominee for climate chief proposed taxing all fossil fuels, including those used in the shipping and airline industries, to raise money for a fund that would help countries affected by carbon pollution.
Wopke hoekstra, former…
Poland opposition take to the streets as hard-fought elections loom
On Sunday, the main opposition party in Poland filled central Warsaw with a rally to galvanize voters ahead of fiercely-contested parliamentary election due in two weeks.
Donald Tusk is the leader of the Civic Platform, an opposition…
Robert Fico wins Slovakia elections with anti-Ukraine position
Robert Fico, the anti-Ukraine ex-prime minister of Slovakia, won the highest share of votes at elections in Slovakia. This puts him on course to try and form a government coalition that could undermine Western unity in aiding Kyiv's war…
UK exporters will be hit with a hefty EU Carbon Tax Bill after Sunak’s weakening of climate…
The UK's climate targets have been weakened by Rishi Sunak, leaving British exporters to face hundreds of millions in EU border taxes on carbon within the next 10 years -- revenue that would otherwise have gone to the Treasury.
After the…
UK fined in precedent-setting case by the European Court of Justice
The EU's highest court has fined the UK €32mn for allowing pleasure boaters to use red diesel that is lower in tax. Lawyers say this case sets a precedent for other disputes.
The European Court of Justice has imposed a penalty that was…