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The European Commission called on Germany, Europe's largest economy, to increase payments to the EU budget in the next 10 years to 12 billion euros a year after the UK's withdrawal from the EU. Germany, as the largest payer in the Union's budget, will have to pay an additional 3.5-4 billion euros per year, EU budget commissioner Günther Oettinger said in an interview with ARD media company in Brussels. Deutsche Welle reports that the EU draft budget submitted by the European Union for the period 2021-2027 is1 trillion 135 billion euros. It is planned to reduce the appropriations for the needs of farmers by 5%. Appropriations are also planned to be reduced for structural reforms in the regions. Oettinger noted that the cuts were related to Brexit, as well as to the new tasks of the European Union in the spheres of migration and defense.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
KYC Policy