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German budget crisis tests limits of its 'debt brake'
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +3 min
The ruling has sent budget talks into disarray and sparked calls within Chancellor Olaf Scholz's coalition to suspend a constitutionally enshrined "debt brake" that sets legal limits on borrowing. WHAT IS THE DEBT BRAKE AND WHY WAS IT INTRODUCED? HAS GERMANY SUSPENDED ITS DEBT BRAKE BEFORE? Some analysts say the debt brake is ripe for reform and a more flexible fiscal policy would let governments take on more debt to fund much-needed investments. The government is still weighing options, including suspending the debt brake or curtailing spending.
Persons: Kai Pfaffenbach, Chancellor Olaf Scholz's, Angela Merkel's, Christian Lindner, Carsten Brzeski, Philippa Sigl, Robert Habeck, Riham Alkousaa, Holger Hansen, Matthias Williams, Christina Fincher Organizations: REUTERS, Rights, Finance, Reuters, Thomson Locations: Frankfurt, Germany, GERMANY, Ukraine
The government is considering whether to suspend Germany's constitutionally enshrined debt brake as a way out of the spending crunch, a source told Reuters, while a leading member of Scholz's own party also called for such a move. Habeck said he was not proposing to abolish Germany's constitutionally enshrined debt brake, but added that "it is inflexible". We are now being forced to modernize the economy with fewer public subsidies," he told the Bild am Sonntag newspaper. "Rather, it is the unsound and unconstitutional budget policy of the federal government and the (three-way) coalition. "One possibility could be to suspend the debt brake in 2023 ... but then not in 2024.
Persons: Robert Habeck, Minister Christian Lindner, Chancellor Olaf Scholz's, Germany's, Lindner, Habeck, Sebastian Brehm, Markus Wacket, Christian Kraemer, Matthias Williams, Miranda Murray, Ed Osmond, Paul Simao Organizations: Minister, Reuters, Greens, Free Democrats, CDU, CSU, Thomson Locations: United States
REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsBERLIN, Nov 17 (Reuters) - Germany's lower house of parliament on Friday passed the Financing for the Future Act, to promote start-ups and improve access to capital markets. In the future, companies will be allowed to go public with a minimum market capitalization of one million euros instead of the previous 1.25 million. According to earlier statements by the government, the law will lead to annual tax revenue losses of almost one billion euros from 2026. The Future of Financing Act increases the tax allowance for employee share ownership to 2,000 euros from 1,440 euros. The package, called the Growth Opportunities Act, provides for tax relief of around 7 billion euros ($7.6 billion) a year from 2024, and a total of over 32 billion euros until 2028.
Persons: Fabian Bimmer, Christian Lindner, Lennard Oehl, Christian Kraemer, Maria Martinez, William Maclean Organizations: REUTERS, Rights, Global, Germany's, SPD, Thomson Locations: Hamburg, Germany, Silicon Valley
BERLIN, GERMANY - NOVEMBER 15: German Finance Minister Christian Lindner gives a statement to the media at the Chancellery following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)Germany on Friday approved a package of key reforms to its capital markets frameworks to help its technology industry compete with Silicon Valley. The reforms, which have been in the works for sometime, had been widely expected. Some of the major changes will be to employee stock options plans, which allow companies to hand a slice of the business to their employees. Index has invested in a number of high-profile German tech startups, including human resources software firm Personio and financial service startup Raisin.
Persons: Christian Lindner, Sean Gallup, Martin Mignot, Mignot Organizations: German Finance, German, Court, Getty, Ventures Locations: BERLIN, GERMANY, Berlin, Germany, Silicon, Europe
The economy and finance ministry declined immediate comment. "So the ruling could have a negative impact on economic growth," the source added. Last month, the economy ministry predicted 1.3% growth for next year. Although the Greens want additional spending, the Free Democrats (FDP), which heads the finance ministry, reject additional debt and higher taxes. "There is a clear political decision in favour of Intel and nothing has changed yet," said an economy ministry spokesperson on Friday.
Persons: Liesa, Olaf Scholz's, Christian Lindner, Chancellor Olaf Scholz's, Joerg Kraemer, Robert Habeck, Habeck, Friedrich Merz, Christian Haase, Commerzbank's Kraemer, Maria Martinez, Andreas Rinke, Holger Hansen, Christian Kraemer, Madeline Chambers, Matthias Williams, Clarence Fernandez, Gerry Doyle, David Evans Organizations: REUTERS, Rights, Thursday, Greens, Free Democrats, Transformation, Intel, U.S, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Europe's
BERLIN, Nov 17 (Reuters) - A German court ruling that forced Berlin to freeze 60 billion euros ($65 billion) in planned green investment spending could have a negative impact on growth in Europe's biggest economy, an economy ministry source told Reuters on Friday. "According to initial rough estimates, a loss of investment funds could cause growth in 2024 to be about half a percentage point lower," the source, who is familiar with the economy ministry's forecasts, said. "So the ruling could have a negative impact on economic growth," the source added. Last month, the economy ministry predicted 1.3% growth for next year. The economy ministry is run by the Greens, who share power with Scholz's Social Democrats (SPD) and the pro-business Free Democrats (FDP).
Persons: Chancellor Olaf Scholz's, Christian Lindner, Andreas Rinke, Miranda Murray, Madeline Chambers, Sabine Wollrab Organizations: Greens, Scholz's Social Democrats, Free Democrats, Thomson Locations: Berlin, Europe's
Underscoring the frustration, Economy Minister Robert Habeck, a member of the pro-spending Greens, called the verdict "a huge blow to industrial policy". Speaking to parliament, Habeck warned the court ruling put at risk support for the steel sector, which is counting on subsidies to decarbonise and stay competitive. Finance Minister Christian Lindner meanwhile said it was too early to discuss the consequences of the court ruling. "The steel industry alone can contribute to reducing a third of total industrial emissions - and thus has enormous leverage to save millions of tons of CO2 in the coming years." "The political bottom line is that many coalition disputes will reopen as serious budget constraints kick in.
Persons: Olaf Scholz, Christian Lindner, Robert Habeck, BERLIN, Wednesday's, Chancellor Olaf Scholz, Habeck, Yesenn, DBRS Morningstar, hawkish Lindner, Lindner, Bernhard Osburg, Carsten Brzeski, Eurointelligence, Maria Martinez, Christian Kraemer, Andreas Rinke, Markus Wacket, Tom Kaeckenhoff, Matthias Williams, Alexandra Hudson, Susan Fenton Organizations: Finance, Climate, Economy, Greens, CHANGE, Budget, European Central Bank, Thomson Locations: United States, Berlin, Germany
German Court deals blow to Scholz government with budget ruling
  + stars: | 2023-11-15 | by ( ) www.cnbc.com   time to read: +1 min
Germany's constitutional court ruled on Wednesday that the government's re-allocation of 60 billion euros ($65 billion) of unused debt from the pandemic era to a climate fund was illegal, dealing a blow to Chancellor Olaf Scholz's coalition. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void. In addition, the government changed the accounting principal by which borrowing counted against the budget deficit in the year the borrowing was actually done. "The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute.
Persons: Chancellor Olaf Scholz's, Christian Lindner, Clemens Fuest Organizations: Social Democrats, Greens, Free Democrats Locations: Germany
[1/3] FILE PHOTO: German Chancellor Olaf Scholz looks on as he meets NATO's Secretary General Jens Stoltenberg in Berlin, Germany, November 9, 2023. Wednesday's decision by the constitutional court could also set a precedent for fiscal responses to future crises. "FAR-REACHING CONSEQUENCES""The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void.
Persons: Olaf Scholz, Jens Stoltenberg, Liesa, Chancellor Olaf Scholz's, Christian Lindner, Lindner, Scholz, Robert Habeck, Clemens Fuest, Ralph Solveen, Habeck, Friedrich Merz, Maria Martinez, Christian Kraemer, Ursula Knapp, Matthias Williams, Kirsti Knolle, Madeline Chambers, Susan Fenton, William Maclean, Catherine Evans Organizations: REUTERS, Rights, Finance, Union, Social Democrats, Free Democrats, Christian Democratic Union, Thomson Locations: Berlin, Germany, Ukraine
And now Ben Hammou faces another blow as the German government moves to end pandemic-era tax breaks for the hospitality industry. The fiscally hawkish FDP party, which has control of the finance ministry in the three-way ruling coalition, backs letting the tax break expire, calculating that it would cost 3.3 billion euros ($3.5 billion) to keep it going in 2024. Many restaurants operate on tight margins, which makes them quite sensitive to tax increases. In Spain, Italy and France, the VAT on restaurants is at 10%, considerably lower than the expected 19% in Germany from 2024. The question is whether German restaurants are still struggling or have recovered well enough from the pandemic to withstand having the tax break removed, according to Tomas Dvorak, senior economist at Oxford Economics.
Persons: Omar Ben Hammou, Ben Hammou, Christian Lindner, Guido Zoellick, Thijs Geijer, Ingrid Hartges, DEHOGA, Steffen Marx, Tomas Dvorak, Maria Martinez, Christian Kraemer, Tanja Daube, Ulrike Heil, Belen Carreno, Giselda Vagnoni, Thomas Leigh, Matthias Williams, Hugh Lawson Organizations: Restaurant Association, ING, Reuters, Oxford Economics, Thomson Locations: Bavaria, BERLIN, Berlin, Russia, Ukraine, COVID, Spain, Italy, France, Germany, Munich, Madrid, Rome, Paris
Christian Lindner, the German finance minister, panned the concept of a four-day workweek. 50 German companies are set to trial a four-day workweek starting February. AdvertisementAdvertisementA top politician in Germany has panned the concept of a four-day workweek for full pay, saying it's a hindrance to prosperity. Just 8% would accept lower wages, while 17% rejected a four-day workweek altogether. Workers, too, felt the benefits of a four-day workweek — about 70% reported lower levels of burnout.
Persons: Christian Lindner, Lindner, , It's, Hans Organizations: Service, Bloomberg, Free Democratic Party, Böckler, ZDF, Workers Locations: Germany, Switzerland, Europe's
When a food critic comes to a city that is proud of its dining scene, restaurants and their devotees take notice. But rarely does a traditional reviewer cause as much excitement as Atlanta has seen with the recent visit of Keith Lee, a food obsessive with a vast army of 14 million followers on TikTok. At a breakfast place?” he asked in a video on his first day in Atlanta, eating takeout in his car. Mr. Lee, who is based in Las Vegas, mostly reviews independent, mom-and-pop restaurants, many of them Black-owned. Mr. Lee has made videos from Detroit, Chicago and Los Angeles, but the response in Atlanta has been notable.
Persons: Keith Lee, Lee, , takeout Locations: Atlanta, Las Vegas, Detroit, Chicago, Los Angeles
German voters send ominous message to Brussels
  + stars: | 2023-10-09 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 9 (Reuters Breakingviews) - German Chancellor Olaf Scholz’s resounding defeat in key local elections on Sunday will be as traumatic in Brussels as in Berlin. Voters dealt a sharp blow to all three parties in Scholz’s centre-left executive. The victory of conservative opposition party CDU came together with a strong showing of far-right Alternative für Deutschland (AfD), who won 15% of the votes in the populous state of Bavaria and 18% in Hesse. In Berlin, divisions on the pace and cost of the green transition between the Green Party and the liberal FDP, whose leader Christian Lindner is the coalition’s finance minister, have already led to a watering down of a planned boiler ban from 2024. In Brussels, a German government preoccupied with its domestic travails may be unable to rally other member states around the sort of compromise proposals the EU needs to clinch some key deals.
Persons: Olaf Scholz’s, Christian Lindner, Scholz, Pierre Briancon, Sandoz, Lisa Jucca, Oliver Taslic Organizations: Reuters, Voters, Social Democrats, Greens, European Union, Green Party, X, Alstom, Brookfield, Thomson Locations: Brussels, Berlin, Scholz’s, Bavaria, Hesse, Germany, France, EU
Germany risks letting a good crisis go to waste
  + stars: | 2023-10-03 | by ( Pierre Briancon | ) www.reuters.com   time to read: +8 min
Germany, the European Union’s largest economy and its traditional growth engine, is headed towards a contraction this year. Exports account for more than half of Germany’s GDP, compared to just a third in France and 37% in Italy, according to the World Bank. Germany’s growth potential is estimated at an annual 0.7% over the medium term by the Scope rating agency, about half the euro zone average. Exempting net public investment from the debt brake rule would help to reverse years of underspending. Unless they do, Europe’s leading economy risks letting a good crisis go to waste.
Persons: , Hubertus Bardt, Germany’s, Carsten Brzeski, Oliver Rakau, Chancellor Olaf Scholz, Christian Lindner’s, Sebastian Dullien, Scholz, Destatis, Francesco Guerrera, Streisand Neto Organizations: Reuters, World Bank, EU, International Monetary Fund, Reuters Graphics Reuters, German Economic Institute, ING, Oxford Economics, BASF, Finance, Christian Democrats, Thomson Locations: Germany, Berlin, France, Italy, China –, Spain, Weimar Republic, China, Ukraine
German Finance Minister Christian Lindner speaks during a session of the lower house of parliament, Bundestag, at the Reichstag building, in Berlin, Germany September 27, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Oct 1 (Reuters) - Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the weekend. Neither provided further details on the rules for the restructuring plans and the joint statement did not give specifics. "This creates opportunities on both sides for more responsible trade and investment," German Finance Minister Christian Lindner said on Sunday. The meeting took place in Frankfurt, as Germany want to further strengthen this city as an European hub for financial services, the finance minister said.
Persons: Christian Lindner, Liesa, Sunday's, Lindner, ” Lindner, Maria Martinez, Alison Williams Organizations: Bundestag, REUTERS, Rights, Reuters, Thomson Locations: Berlin, Germany, China, Frankfurt, Africa, Asia, Beijing, European
Phil Mickelson, the golf great whose issues with gambling have made headlines throughout the years, took to social media on Monday to share details about his addiction, and to offer a warning to potential bettors ahead of this year’s N.F.L. As the 2023-24 football season kicked off in earnest, Mickelson posted on X to say that he would not be gambling on any games. “I crossed the line of moderation and into addiction which isn’t any fun at all,” said Mickelson, who has won six major golf tournaments. The post went on to offer advice to anyone who might be struggling with similar issues: “If you ever cross the line of moderation and enter into addiction, hopefully you won’t confuse your enablers as friends like I did.”The post came on the heels of the autobiography “Gambler: Secrets From a Life at Risk,” published in August by Billy Walters, a well-known sports bettor who claimed to know about Mickelson’s gambling habits and asserted that the professional golfer’s sports bets totaled more than $1 billion in a span of about 30 years.
Persons: Phil Mickelson, Mickelson, , Billy Walters
German Finance Minister Christian Lindner speaks during a plenum session of the lower house of parliament, Bundestag, to present the 2024 budget and financial planning of the Federal Government, in Berlin, Germany September 5, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSANTIAGO DE COMPOSTELA, Sept 15 (Reuters) - German Finance Minister Christian Lindner said at the informal EU finance ministers meeting on Friday that a decision is not expected this week on who will become European Investment Bank (EIB) president. "There are several well-qualified candidates, for example our host today, Nadia Calvino," Lindner said before the meeting of euro zone finance ministers. Lindner said the German government hasn't made a decision yet on which candidate to back, "but we have a clear picture of how the EIB should develop." Lindner said the bank should keep its AAA rating: "Sound banking is essential for us."
Persons: Christian Lindner, Annegret, Nadia Calvino, " Lindner, Lindner, hasn't, Maria Martinez, Miranda Murray Organizations: Bundestag, Federal Government, REUTERS, SANTIAGO DE, German Finance, European Investment Bank, AAA, Thomson Locations: Berlin, Germany, SANTIAGO, SANTIAGO DE COMPOSTELA
Though the quote is widely attributed to Yeats online, there is no record of him having ever written or said the line, said Susan O’Keeffe, the director of the Yeats Society Sligo in Sligo, Ireland. “The thing about Yeats that’s worth bearing in mind is that an awful lot of his letters and his articles and his essays were kept,” Ms. O’Keeffe said. The organizers “set out to do a good thing, and they have done a good thing,” she said. The organizers of the Dublin Marathon, which was established in 1980 and is sold out this year with 22,500 runners, have over the years used the medal design as a way to commemorate prominent figures who have contributed to Irish society. Some of the commentary this year has centered on “the view that this quote has never definitively been proven to be Yeats,” said Sinéad Galvin, a spokeswoman for the marathon.
Persons: Yeats, Susan O’Keeffe, Ms, O’Keeffe, , , Sinéad Galvin Organizations: Yeats Society Sligo, Dublin Marathon Locations: Sligo, Ireland
The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Also interested are the politically non-affiliated Italian central banker Daniele Franco, Poland's right-wing former Finance Minister and current EIB Vice President Teresa Czerwinska, and Sweden's socialist former Energy Minister and also current EIB Vice President Thomas Ostros. "We can say we are really spoilt for choice because all the candidates are excellent," German Finance Minister Christian Lindner told reporters on Thursday. The EIB is the lending arm of the EU and is active in 160 countries offering loans, guarantees, equity investments and advisory services. Germany's Deputy Central Bank Governor Claudia Buch and her Spanish counterpart Margarita Delgado are both in the running.
Persons: Eric Vidal, Vincent van Peteghem, Germany's Werner Hoyer, Margrethe Vestager, Nadia Calvino, Daniele Franco, Poland's, Teresa Czerwinska, Thomas Ostros, Christian Lindner, Central Bank Governor Claudia Buch, Margarita Delgado, Buch, Vestager, Emmanuel Macron, Richard Chang Organizations: European Investment Bank, Reuters, Rights, Belgian, Union, European Commission, Finance, Energy, European Central Bank, Germany's, Central Bank Governor, SSM, Thomson Locations: Luxembourg, Rights BRUSSELS, Italian, Spanish, EU, Paris, Spain
REUTERS/Michael Dalder/File photo Acquire Licensing RightsBERLIN, Sept 5 (Reuters) - More than half of Germans believe work is not worthwhile after the government's planned increase in welfare payments and child benefits, a survey showed on Tuesday. Welfare payments, dubbed "citizens' money", for more than 5.5 million jobless in Germany will rise to 563 euros ($605.06)from 502 euros per month for single people from next year. They will receive up to 636 euros per month for their first child and another 530 euros for every other child. Germans are divided whether the increase in welfare payments is justified with 45% in favour and 44% against it, the survey of 1005 respondents showed. Finance Minister Christian Lindner said last week in a presentation on the basic child allowance that benefits should not discourage people from working.
Persons: Michael Dalder, it's, pollster INSA, Christian Lindner, Lindner, Riham Alkousaa, Maria Martinez, Alexandra Hudson Organizations: REUTERS, Rights, Bild, Finance, Alexandra Hudson Our, Thomson Locations: Munich, Germany
REUTERS/Lisi Niesner Acquire Licensing RightsMESEBERG, Germany, Aug 29 (Reuters) - Germany's coalition on Tuesday set aside weeks of squabbling to agree to a total of 32 billion euros ($34.63 billion) in corporate tax cuts over four years to boost the flagging economy. "The German economy can do more." The German economy stagnated in the second quarter, showing no sign of recovery from a winter recession and cementing its position as one of the world's weakest major economies. An agreement was reached on Tuesday when the two sides agreed to cut the planned Child Basic Insurance to just over two billion euros. A government document seen by Reuters showed subsidies are set to almost double to 67.1 billion euros next year compared to 2021.
Persons: Olaf Scholz, Lisi Niesner, Finance Minister Christian Lindner, Lisa Paus, Lindner, Forsa, Scholz, Matthias Williams, Christian Kraemer, Thomas Escritt, Tomasz Janowski, Ed Osmond, Barbara Lewis Organizations: Schloss, REUTERS, Reuters, Finance Minister, Greens Family, Insurance, stoke, Thomson Locations: Schloss Meseberg, Gransee, Germany, Berlin
The Ifo institute said on Friday that its business climate index stood at 85.7, down from 87.4 in July. Reuters Graphics"The German economy is not out of the woods yet," Ifo president Clemens Fuest said. The economy then posted zero growth in the second quarter compared to the previous three months, separate data from the statistics office showed on Friday. The Ifo survey showed sentiment among German managers had become more pessimistic across all sectors in August. The Ifo survey chimed with flash PMI data released on Wednesday, which showed that German business activity contracted at the fastest pace for more than three years in August.
Persons: Annegret, Clemens Fuest, Christian Lindner, Klaus Wohlrabe, Claus Niegsch, Niegsch, Andrew Kenningham, Carsten Brzeski, Maria Martinez, Friederike Heine, Mark Potter, John Stonestreet Organizations: REUTERS, Reuters, . Finance, DZ Bank, Reuters Graphics, Capital Economics, Thomson Locations: Berlin, Germany, BERLIN, Europe
Aug 19, 2023; Mason, OH, USA; Iga Swiatek (POL) returns a shot against Coco Gauff (USA) during the Western and Southern Open tennis tournament at Lindner Family Tennis Center. "I'm not even going to regret a lot because I'm happy I'm going to have days off." The French Open champion said she would try not to be hard on herself ahead of her U.S. Open title defence. "I'm going to take it easy on myself and just try to do everything step by step." I'm going to give it my all in the U.S. Open.
Persons: Iga Swiatek, Coco Gauff, Katie Stratman, Swiatek, Aryna Sabalenka, Ash Barty's, Sabalenka, I'm, Elena Rybakina, Roland Garros, Jessica Pegula, Gauff, Sloane Stephens, Caroline Wozniacki, Dane, Shrivathsa Sridhar, Peter Rutherford Organizations: Southern Open, Lindner, Tennis Center, Montreal, U.S, Wimbledon, Indian Wells, Flushing, U.S ., Tunisian trailblazer, York, Thomson Locations: Mason, OH, USA, New York, Cincinnati, Melbourne, U.S, Montreal, French, Flushing Meadows, Bengaluru
Medvedev back in his element on U.S. Open hardcourts
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +2 min
"And what is funny is I love these long rallies, but I love them when the conditions are fast, because then other players can't handle these long rallies," he said. "When the conditions are slow, literally everyone can handle these long rallies because, well, it's like you have no other choice. Medvedev could encounter similar issues with the balls at the U.S. Open but the Russian will not use them as an excuse and is ready to make adjustments to his game if needed. I'm sure that when he started 17 years ago winning Grand Slams, everything was different. He was still winning," said Medvedev.
Persons: Daniil Medvedev, Lorenzo Musetti, Carter Skaggs, Carlos Alcaraz, Novak Djokovic, Alex de Minaur, Alexander Zverev, Medvedev, Novak, I'm, Frank Pingue, Peter Rutherford Organizations: &, Tennis Center, USA, U.S, Wells, Canadian, Cincinnati, Wimbledon, Djokovic, Thomson Locations: Mason, OH, USA, Russia, Italy, New York, Rotterdam, Doha, Dubai, Miami, Canada, Russian, Toronto
Alcaraz, Swiatek may face old rivals in U.S. Open draw
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +2 min
[1/4] Aug 20, 2023; Mason, OH, USA; Novak Djokovic, of Serbia returns a shot to Carlos Alcaraz, of Spain, during the menÕs singles final of the Western & Southern Open tennis tournament at Lindner Family Tennis Center. Mandatory Credit: Kareem Elgazzar/The Enquirer-USA TODAY Sports Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) - World number one Carlos Alcaraz faces a potential quarter-final clash with old foe Jannik Sinner in his U.S. Open title defence, and American Coco Gauff is on a collision course with defending champion Iga Swiatek on the women's side. Swiatek will open her campaign against Sweden's Rebecca Peterson. Gauff's compatriot and frequent doubles partner Jessica Pegula, the third seed, faces a tough draw as she opens against Italian Camila Giorgi and could also meet 2022 WTA Finals winner Caroline Garcia of France. Reporting by Amy Tennery in New York, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.
Persons: Novak Djokovic, Carlos Alcaraz, Kareem Elgazzar, Jannik, Coco Gauff, Iga Swiatek, Dominik Koepfer, France's Alexandre Muller, Daniil Medvedev, Andrey Rublev, Frances Tiafoe, Casper Ruud, Holger Rune, Gauff, Sweden's Rebecca Peterson, Aryna Sabalenka, Jessica Pegula, Camila Giorgi, Caroline Garcia of, Amy Tennery, Ed Osmond Organizations: & Southern, Lindner, Tennis Center, U.S, Wimbledon, Djokovic, Cincinnati, Caroline Garcia of France, Thomson Locations: Mason, OH, USA, Serbia, Spain, Miami, New York
Total: 25