Belgium has received a windfall of 625 million euros from the taxation of income from frozen Russian assets, according to a report by Le Soir. This comes after a recent audit of the state budget, which revealed a significant amount of funds. The frozen assets, worth 250.6 billion euros, were placed through the international depository…
UBS’s acquisition of Credit Suisse, Switzerland’s second-largest bank, could result in job losses of tens of thousands, according to an anonymous source cited in the Financial Times. The cuts are expected to impact a third of the 120,000 people employed across both banks, with Credit Suisse’s internal business and investment operations bearing the brunt. The…
The European Union calls on third countries to tighten the monitoring of trade with sanctioned technologies including third country trade — Bloomberg reports that the monitoring will be applied to countries where a sharp increase in the import of advanced technologies and other goods from the European Union, which Russia can use for military purposes…
Cargo transportation in Europe suffered a sharp drop in the fourth quarter, with a 36% decrease in cargo shipments compared to the previous quarter. The decline was observed across the continent, according to a study by TIMOCOM, a European logistics platform. The decline was particularly evident in Germany, where cargo transportation had already dropped by…
Consumer prices or inflation in Germany rose by 9.2% in January. Inflation slowed down to 9.6% in December. The country’s Federal Statistical Management gives this data. The data aligned with the preliminary estimate and consensus of analysts polled by Bloomberg and Trade Economics. Why Inflation in Germany is Volatile: Consumer prices rose by 0.5% month-on-month,…
The European Union plans to include four Russian banks, including Alfa-Bank, in the new package of EU sanctions and ban the delivery of several goods to Russia. The new financial sanctions will affect four Russian banks, including the largest Alfa-Bank in Russia. In total, 130 individuals and legal entities are planned to be included in…
The German government has announced a new set of tax reforms aimed at boosting economic growth and increasing investment in the country. The reforms are part of the government’s broader strategy to promote a favorable business environment and stimulate innovation. The Updates in Germany Tax Reforms: The main provisions of the tax reform include reducing…
Germany has generated the most wind and solar energy out of 27 EU countries, Deutsche Welle reports. The EU got more energy from renewable energy sources than from gas. The data was published by analysts at Ember in a report on January 31. Ember researches the EU climate policy. Why Wind and Solar Energy Is…
Nowadays the total market capital of crypto on the international crypto exchange has increased to 2.32 trillion dollars, which is the highest figure of the year. In one week, the price of Bitcoin increased and became 23,000 dollars. The capitalization of the crypto-asset is in the range of 440 billion dollars. The Capital of Crypto…
The most popular crypto all time high has been broken recently, especially the top cryptocurrency, Bitcoin, which has broken another psychological boundary, and the entire digital currency market is still profitable. Investors may be rubbing their hands, even despite Monday’s price slip. In recent days, cryptocurrencies are constantly increasing. Investors are sharpening their teeth for…
