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Funds

Analysis: A year on, Europe less fearful of U.S. green subsidies push

Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...
Banking

Norway central bank raises rate to 4.0%, eyes September hike

People go about their day near Norway's central bank building in Oslo, Norway May 31, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 17 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September.Thursday's hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit a peak of 4.25% by the end of...
Pension

Polish government draws up questions for voters, opposition calls foul

Polish Prime Minister Mateusz Morawiecki attends the European Union leaders summit in Brussels, Belgium June 29, 2023. REUTERS/Johanna Geron/File PhotoWARSAW, Aug 14 (Reuters) - The Polish government wants to pose questions to voters during a Oct. 15 election that will include whether Poland should take in "thousands of illegal immigrants", a move rivals say aims to swing the vote by misleading voters about opposition policies.The ruling nationalist Law and Justice (PiS) party said it had finalised four questions for what says is a referendum to coincide with the vote, covering...
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