MADRID (AP) — Spain’s Socialist-led coalition government is planning a temporary higher tax rate on the richest 1% of the country from next year, in addition to its windfall taxes on large energy companies and banks. “We are proposing a redistribution of the effort, among those who have the most, to fund the welfare state,…
SAO PAULO (Reuters) – Brazil’s Zamp SA, which owns the Burger King brand in the South American country, said on Friday that Abu Dhabi state investor Mubadala has revoked its tender offer to purchase a controlling stake in the company. Mubadala had offered 8.31 reais ($1.61) per share to buy a 45.15% stake in Zamp…
By Anirban Sen, Greg Roumeliotis and David Carnevali (Reuters) -U.S. primary care provider Cano Health is exploring a sale and working with advisors after receiving acquisition interest, according to people familiar with the matter. Cano Health has received buyout interest from potential buyers including Humana Inc and CVS Health Corp, the sources said. Cano, which…
NEW YORK (AP) — Frustrated, anxious but also a tad hopeful, young activists staged a coordinated “global climate strike” Friday to highlight the effects of global warming and demand more aid for poor countries hit by wild weather. In New York, as leaders of developing disaster-struck nations pleaded their cases at the United Nations, more…
By Elizabeth Pineau and Geert De Clercq PARIS (Reuters) -France plans to impose a minimum delivery fee of 3 euros ($2.93) for online book orders of less than 35 euros to level the playing field for independent bookstores struggling to compete against e-commerce giants, the government said on Friday. A 2014 French law already prohibits…
By Hannah Lang (Reuters) – Cryptocurrency exchange Kraken has no plans to delist tokens the U.S. Securities and Exchange Commission has labeled as securities, or to register with the agency as a market intermediary, said incoming chief executive officer Dave Ripley on Thursday. The stance of the San Francisco-based platform, which says it has more…
COLOGNE, Germany (AP) — For 90 years, Engelbert Schlechtrimen’s family has been baking wheat rolls, rye bread and chocolate cakes in this western German city. Next month, they will turn off the ovens for good, because they can no longer afford rising energy prices resulting from Russia’s war in Ukraine. Schlechtrimen’s grandparents founded the bakery…
By Tim Hepher PARIS (Reuters) -Europe’s Airbus on Friday gave the strongest hint yet that it plans to launch a bigger version of its 110 to 130-seat A220 passenger jet but said it would choose the timing carefully. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, “but we don’t want…
ROME (AP) — Italians will vote on Sunday in what is being billed as a crucial election as Europe reels from the repercussions of Russia’s war in Ukraine. For the first time in Italy since the end of World War II, the election could propel a far-right leader into the premiership. Soaring energy costs and…
LONDON (AP) — The United Kingdom’s new government outlined plans Friday to cut taxes and boost spending in an effort to bolster the faltering economy, but the high-risk moves sparked concerns that increased public borrowing will worsen a cost-of-living crisis and sent the British pound on its biggest one-day drop in 2 1/2 years. Treasury…
