U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

WASHINGTON, Aug 7 (Reuters) – The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections. After a marathon, … Read more

Senate Democrats battle to pass $430 billion climate, drug bill

Senate Democrats battle to pass 0 billion climate, drug bill

WASHINGTON, Aug 6 (Reuters) – The U.S. Senate on Saturday began debating a Democratic bill to address key elements of President Joe Biden’s agenda – tackling climate change, lowering the costs of medication for the elderly and energy, while forcing corporations and the wealthy to pay more taxes. The debate began after the Senate voted … Read more

British PM candidate Sunak vows 20% income tax cut by 2029

British PM candidate Sunak vows 20% income tax cut by 2029

LONDON, July 31 (Reuters) – Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice by the former finance minister. Sunak, once seen as the favourite to replace Boris Johnson when … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

Biden pledge to tax wealthy, companies revived with Manchin-led bill

WASHINGTON, July 28 (Reuters) – U.S. President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. Early proposals to increase tax rates from Biden and his fellow Democrats hit a brick wall … Read more

Ukraine seeks debt freeze as war ravages economy

Ukraine seeks debt freeze as war ravages economy

Police officers look at a bus stop, a mosque and buildings damaged by a Russian military strike, as Russia’s invasion of Ukraine continues, in Kharkiv, Ukraine July 20, 2022. REUTERS/Nacho Doce Register now for FREE unlimited access to Reuters.com Register KYIV/LONDON, July 20 (Reuters) – Ukraine has asked its international creditors, including Western powers and … Read more

Chip designers warm to U.S. bill despite big benefits to Intel

Chip designers warm to U.S. bill despite big benefits to Intel

July 18 (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O). Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as … Read more

British prime minister contenders clash over tax cuts in TV debate

British prime minister contenders clash over tax cuts in TV debate

Five challenging to succeed Boris Johnson as British PM Second of three TV debates on Sunday Tax plans at heart of heated contest Polls show conflicting picture of who is winning LONDON, July 17 (Reuters) – The five Conservative contenders still vying to be Britain’s next prime minister clashed over tax cuts in a second … Read more

Hungarians rally against Orban’s reforms, skeptical of change

Hungarians rally against Orban’s reforms, skeptical of change

Orban raises taxes on small firms, curbs utility price caps Faces toughest challenge since 2010 due to war in Ukraine Latest anti-government rally attracts low turnout Some protesters skeptical if Orban will change tack BUDAPEST, July 16 (Reuters) – Around 1,000 Hungarians demonstrated against Prime Minister Viktor Orban’s government on Saturday in the latest of … Read more

Italy’s government faces collapse as 5-Star shuns confidence vote

Italy’s government faces collapse as 5-Star shuns confidence vote

Govt parties say move could lead to autumn election 5-Star says struggling Italians need more help Draghi has ruled out a new government without 5-Star ROME, July 13 (Reuters) – Italy’s 5-Star Movement will not take part in a parliamentary confidence vote on Thursday, party leader Giuseppe Conte said, in a move that looked likely … Read more

Eight candidates make cut in race to succeed UK PM Johnson

Eight candidates make cut in race to succeed UK PM Johnson

Johnson had to announce resignation over scandals Eight get enough nominations to replace him, two drop out Tax cut pledges dominate divisive party contest Favourite Sunak says inflation must be curbed LONDON, July 12 (Reuters) – Eight Conservatives will fight it out to succeed Boris Johnson as party leader and British prime minister after winning … Read more