Central bank blunders undermine tough rate talk
LONDON, Dec 5 (Reuters Breakingviews) - Words are fighting it out with numbers in financial markets at present. Comments by...
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China looks to deepen EU ties at summit, foreign minister says
File Photo: Chinese Foreign Minister Wang Yi speaks during the 10th trilateral foreign ministers' meeting in Busan, South Korea, Sunday,...
Swiss Banque Pictet pays $123 mln for helping clients evade US taxes
The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Dec 4 (Reuters) - Swiss private bank Banque Pictet has admitted to helping U.S. taxpayers hide more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department, federal prosecutors said on Monday.According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between...
EV charging growth plans slowed by EU’s power grid problems
BRUSSELS, Dec 4 (Reuters) - Electric vehicle drivers hoping to top up their batteries at one of Repsol's (REP.MC) 1,600...
UK needs new plan to reverse hit to living standards, researchers say
People walk alongside the City of London financial district in London, Britain, October 25, 2023. REUTERS/ Susannah Ireland/File Photo Acquire...
German economy minister cancels Middle East trip for budget talks
German Economy and Climate Minister Robert Habeck attends a session of the German lower house of parliament Bundestag in Berlin,...
Far-right parties eye gains in next year’s EU parliament elections
European Union flags fly outside the European Commission in Brussels, Belgium, November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsROME,...
EU-Mercosur deal’s future up to new Argentina government, sources say
Argentine president-elect Javier Milei addresses supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBRASILIA, Dec 2 (Reuters) - The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina's incoming government has to approve the outstanding issues, Brazilian officials and diplomats said on Saturday."Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said.A European...
Portugal’s president to allow caretaker government to pursue projects with EU funds
Portugal's President Marcelo Rebelo de Sousa addresses the 78th Session of the U.N. General Assembly in New York City, U.S.,...
Countries promise clean energy boost at COP28 to push out fossil fuels
118 countries back pledge to triple world's clean powerGoal would slash fossil fuel use this decadeSmaller club of countries plan to scale up nuclear energyDUBAI, Dec 2 (Reuters) - Governments launched new initiatives on Saturday to bolster clean energy and to wean themselves off fossil fuels at the U.N. climate summit in Dubai, where countries are grappling with how to halt the non-stop rise in planet-warming emissions.In one of the most widely supported initiatives, 118 governments pledged to triple the world's renewable energy capacity by 2030 at the U.N.'s COP28...