Latest news with #rulingcoalition
Bloomberg
5 days ago
- Business
- Bloomberg
Germany Clears Path for €46 Billion in Tax Cuts With State Deal
Germany's ruling coalition reached an agreement with the country's state premiers on how to share the financial burden from a €46 billion ($53 billion) package of tax breaks intended to boost economic growth. A working group of the federal and state governments sealed the deal late Monday that will see Berlin absorb costs from corporate tax cuts for municipalities until 2029, using revenue from sales taxes, according to officials familiar with the talks.
Bloomberg
19-06-2025
- Business
- Bloomberg
Thai Stock Index Poised for Five-Year Low on Political Upheaval
Thailand's equity benchmark index fell Thursday, heading toward its lowest closing level since March 2020 after the government's second-largest party quit the ruling coalition, piling further pressure on Prime Minister Paetongtarn Shinawatra. The Stock Exchange of Thailand Index fell as much as 2.1%, extending its declines into a sixth day. The gauge has plunged about 23% this year, making it the wost performer among the world's major markets.
Reuters
13-06-2025
- Business
- Reuters
Japan PM instructs ruling camp to include cash handout in election pledge
TOKYO, June 13 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Friday he had instructed the ruling coalition to include cash handouts as part of its election campaign pledge to aid households coping with inflation. The handout would be 20,000 yen ($139) per person and an additional 20,000 yen would be added on top of that per child or low-income earner, Ishiba said. The handout plan could add to concerns over the government's already tattered finances, as lawmakers seek to appease voters ahead of an upper house election slated for July. ($1 = 144.0800 yen)
Bloomberg
14-05-2025
- Business
- Bloomberg
Germany's New Finance Chief Highlights Need for Belt Tightening
Germany's new finance minister said the government will still need to identify budget savings even though it can tap into a giant new infrastructure fund and effectively spend as much as it wants on the armed forces. Lars Klingbeil, who took office last week, told lawmakers in Berlin Wednesday that while there's 'new scope for maneuver' on infrastructure and defense, the ruling coalition under Chancellor Friedrich Merz 'will also have to push ahead with budget consolidation' in other areas.
