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Alberto Nunez Feijoo, the Spanish candidate for election, has pledged to reform windfall tax
The frontrunner for the conservative party to become Spain's new prime minister, has pledged to revamp a €3bn tax on windfall gains that is reviled both by energy and banking companies. He said he wants to make it legal watertight, but did…
Economists find Germany’s inability to attract investment alarming
According to a leading institute of economics, Germany's ability in attracting business investment has suffered an "alarming decline" last year. More than €135bn worth of foreign direct investments left the country, while only €10,5bn was…
Wagner Group’s Russia Mutiny puts African Gold and Beer Empire under Pressure
The Russian mercenary groups' commercial network in Central African Republic will be under pressure.
Two men, with rifles strapped on their backs, huddle in the grass. They hold Molotov cocktail in their hands and hurl them high over the…
Kremlin announces windfall tax for oligarchs to raise Rbs300bn
The Kremlin continues to be stretched by the Ukraine war, so Russia announced a windfall-tax on large companies. It is estimated to raise Rbs300bn (US$3.6bn) through its oligarchs.
A draft bill presented on Tuesday outlines the proposed…
EU offers Tunisia more than EUR 1bn to stem migration
Brussels proposes €255mn in grants for Tunis, linking longer-term loans of up to €900mn to reforms The EU has offered Tunisia more than €1bn in a bid to help the North African nation overcome a deepening economic crisis that has prompted…
New World Bank Chief under pressure as Bridgetown Initiative seeks $100bn
World Bank reform is increasingly under pressure after a $100bn call for new capital to finance climate change and development ahead of the Paris summit, which will be hosted by Barbados and France.
In a consultation document, Barbados'…
Arctic chill: Western nations are afraid that China and Russia may exploit tensions in the region
Western countries worry that China and Russia may try to take advantage of growing geopolitical tensions to gain more influence in the Arctic and increase their control over its natural resources.
Senior Western policymakers expressed…
Ukraine’s rapid rebuilding will be in Europe’s interest
Planning for the post-war period should be centered on making the country the hub of the green transition in the continent .Foremost on the minds of Ukrainians and their friends is the need to win the war. But to delay preparations for what…