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☆ Calendar slam hopes doused but Djokovic fired up for U.S. Open
▼ + stars: | 2023-08-24 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

[1/3] Aug 18, 2023; Mason, OH, USA; Novak Djokovic (SRB) reacts after a point against Taylor Fritz (USA) during the Western and Southern Open tennis tournament at Lindner Family Tennis Center. There's still a fire going," said Djokovic, who won the Australian Open and French Open titles to leapfrog Rafa Nadal into top spot in the list of men's major champions. "There's still that drive and motivation to really come at the biggest events in sport and try to win, try to win titles and try to bring some good sensation to the crowds." HARDCOURT DOMINANCEIf the chasing pack feel Djokovic's days of dominance are numbered, the three-time U.S. Open champion's record on hardcourts should give them pause for thought. I think Novak can play much better than he did in the Wimbledon final.

Persons: Novak Djokovic, Taylor Fritz, Katie Stratman, Carlos Alcaraz, Djokovic, leapfrog Rafa Nadal, ramped, Nadal, Patrick Mouratoglou, Alcaraz, Novak, Mouratoglou, Carlos, Margaret Court's, Will, Shrivathsa Sridhar, Peter Rutherford Organizations: Southern Open, Lindner, Tennis Center, U.S, Wimbledon, Flushing Meadows, Cincinnati, Thomson Locations: Mason, OH, USA, Flushing Meadows, tennis, United States, America, Flushing, 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

☆ Djokovic storms back to beat Alcaraz for Cincinnati title
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Katie Stratman-USA TODAY Sports Acquire Licensing RightsAug 20 (Reuters) - Novak Djokovic overcame a match point and stifling heat to beat world number one Carlos Alcaraz 5-7 7-6(7) 7-6(4) and win the Cincinnati Open in a heart-pounding thriller on Sunday. "So much to say and so little energy," Djokovic said while collecting his third Cincinnati Open title. In the decider, Djokovic broke for a 5-3 lead but would then squander two match points in the next game. The drama would continue when Djokovic missed an overhead for 5-5 and the players would ultimately arrive at another tiebreak, which Djokovic won on his fifth match point of the contest. The win delivered Djokovic his 95th career title and 39th Masters 1000 crown.

Persons: Novak Djokovic, Carlos Alcaraz, Katie Stratman, Djokovic, Alcaraz, Novak, Rory Carroll, Stephen Coates, Sonali Paul Organizations: Southern Open, Lindner, Tennis Center, Cincinnati, Wimbledon, COVID, Thomson Locations: Mason, OH, USA, Ohio, U.S, New York, Los Angeles

☆ Gauff beats Muchova to win Cincinnati Open
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Aug 19, 2023; Mason, OH, USA; Coco Gauff, of the United States, celebrates after defeating Iga Swiątek, of Poland, in their semifinal match at the Western & Southern Open at the Lindner Family Tennis Center. Mandatory Credit: Albert Cesare-USA TODAY Sports Acquire Licensing RightsAug 20 (Reuters) - Coco Gauff beat Karolina Muchova 6-3 6-4 to win the biggest title of her young career at the Cincinnati Open on Sunday and extend her outstanding run of form on North American hard courts ahead of the U.S. Open. Gauff had some trouble getting over the finish line, failing to convert three match point opportunities while serving at 5-2 thanks to some tentative groundstrokes. But on her next chance to serve for the title she did not falter, Muchova's return landing wide as Gauff jumped up and down in jubilation. Reporting by Rory Carroll in Los Angeles Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Coco Gauff, Iga Swiątek, Albert Cesare, Karolina Muchova, Muchova, Gauff, Iga Swiatek, Rory Carroll, Toby Davis Organizations: & Southern, Lindner, Tennis Center, Cincinnati, U.S ., Wimbledon, Flushing, Washington D.C, Canadian, Thomson Locations: Mason, OH, USA, United States, Poland, Czech, Ohio, jubilation, New York, Flushing Meadows, Washington, U.S, Los Angeles

☆ Alcaraz to face Djokovic for Cincinnati title
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +4 min

Hurkacz, who narrowly lost to Alcaraz in the quarters of the Canadian Open, raced out to a 3-0 lead as Alcaraz mixed dazzling shotmaking with some head-scratching errors in the entertaining first set. Hurkacz captured the opener when he broke Alcaraz for a second time and had match point in the second set while returning serve and leading 5-4 but misfired on a forehand. Alcaraz drew Hurkacz to the net with a drop shot and then fired a sensational cross court winner to set up the tiebreak. A perfectly executed volley on his first match point delivered Alcaraz into his eighth final of the year and despite spending more than 10 hours on the court this week, he said he feels fresh. Djokovic, who won the Masters 1000 tournament in 2018 and 2020, has played Alcaraz three times.

Persons: Carlos Alcaraz, Hubert Hurkacz, Albert Cesare, Novak, Max Purcell, Hurkacz, Alcaraz, I'm, DJOKOVIC, ZVEREV, Alexander Zverez, Zverez, Djokovic, Rory Carroll, Deepa Babington, Kim Coghill Organizations: & Southern, Lindner, Tennis Center, Cincinnati, Spanish, England, Canadian, Spaniard, Wimbledon, Thomson Locations: Mason, OH, USA, Spain, Poland, Ohio, Madrid, Los Angeles

☆ Gauff stuns Swiatek to reach Cincinnati final
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Albert Cesare-USA TODAY Sports Acquire Licensing RightsAug 19 (Reuters) - Coco Gauff beat world number one Iga Swiatek for the first time in eight meetings on Saturday to advance to the Cincinnati Open final as the American teenager's level continues to rise ahead of the upcoming U.S. Open. Gauff served big and played sensational defense en route to a 7-6(2) 3-6 6-4 win over the 22-year-old Pole and will face either world number two Aryna Sabalenka or Czech Karolina Muchova in Sunday's final. Gauff leapt into the air and pounded her chest as the crowd erupted after she secured the hard-fought victory. "I knew playing her was going to be tough, nothing was going to be given to me today," she told Tennis Channel. Reporting by Rory Carroll in Los Angeles, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Coco Gauff, Iga Swiątek, Albert Cesare, Gauff, Czech Karolina Muchova, Rory Carroll, Pritha Sarkar Organizations: & Southern, Lindner, Tennis Center, Cincinnati, Tennis, Wimbledon, Washington DC, Canadian, WTA, Thomson Locations: Mason, OH, USA, United States, Poland, Czech, U.S, Washington, Los Angeles

☆ Alcaraz ends Purcell's dream Cincinnati run, Hurkacz advances
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +3 min

Mandatory Credit: Kareem Elgazzar-USA TODAY Sports Acquire Licensing RightsAug 18 (Reuters) - World number one Carlos Alcaraz ended Australian qualifier Max Purcell's dream run with a 4-6 6-3 6-4 win to reach the Cincinnati Open semi-finals on Friday, while Poland's Hubert Hurkacz got past lucky loser Alexei Popyrin 6-1 7-6(8). The Spaniard failed to convert his only break point chance of the first set in the second game before helping Purcell to the crucial break in the seventh game with an unforced error. The win set up a semi-final with 20th-ranked Hurkacz, who sent over 10 aces and never faced a break point in his lopsided win over Australian Popyrin. "Alexei raised his level and was serving really good throughout that second set, I just got to the tiebreaker," Hurkacz said. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Alcaraz, Tommy Paul, Kareem Elgazzar, Max Purcell's, Poland's Hubert Hurkacz, Alexei Popyrin, Purcell, Casper Ruud, Stan Wawrinka, Hurkacz, Alexei, Taylor Fritz, Novak Djokovic, France's Adrian Mannarino, Alexander Zverev, Amy Tennery, Ken Ferris Organizations: & Southern, Lindner, Tennis Center, Cincinnati, U.S, Court, Wimbledon, Thomson Locations: Mason, OH, USA, Spain, United States, Switzerland, Toronto, Serbian, New York

☆ Swiatek powers by Vondrousova to reach Cincinnati semi-finals
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Carter Skaggs-USA TODAY Sports Acquire Licensing RightsAug 18 (Reuters) - Iga Swiatek overcame a tricky opening set before racing to a 7-6(3) 6-1 victory over Czech 10th seed Marketa Vondrousova on Friday in a clash between the last two Grand Slam winners to reach the Cincinnati Open semi-finals. "It wasn't easy to adjust to her spin because she's a lefty," French Open champion Swiatek said during her on-court interview. But she was denied both times by Swiatek before the Pole ran away with the tiebreaker. "I tried to learn from that first set, and in the second set I knew exactly what to do and I think that's why it was such a good performance," Swiatek said. Muchova now awaits the winner of the quarter-final clash between Tunisian fifth seed Ons Jabeur and Belarusian second seed Aryna Sabalenka.

Persons: Iga Swiatek, Danielle Collins, Carter Skaggs, Marketa Vondrousova, Swiatek, Vondrousova, Coco Gauff, Jasmine Paolini, Czech Karolina Muchova, Marie Bouzkova, Muchova, Aryna, Frank Pingue, Hugh Lawson Organizations: & Southern, Lindner, Tennis Center, USA, Czech, Cincinnati, Wimbledon, Swiatek, ., Aryna Sabalenka, Thomson Locations: Mason, OH, USA, Poland, United States, Czech, Belarusian, Toronto

☆ Djokovic missed playing big US events and excited to be back
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

Playing singles in Cincinnati for the first time since 2019, the 36-year-old Serbian won the first set 6-4 against Alejandro Davidovich Fokina, who later retired with a back issue. "Winning it in 2018 obviously is a highlight for me, because it was the only Masters I hadn't won for years. "But I played well in the past and was really glad to have a chance to come back to the States. First match coming back," said Djokovic, who will meet fellow veteran Gael Monfils next. "It'll probably take a few sets for me to really get things going in a right way."

Persons: Novak Djokovic, Alejandro Davidovich Fokina, Katie Stratman, Djokovic, I've, hadn't, Roger, Federer, It's, Carlos Alcaraz, Gael Monfils, Shrivathsa Sridhar, Robert Birsel Organizations: Southern Open, Lindner, Tennis Center, Cincinnati, U.S, Serbian, Wimbledon, hardcourts, Thomson Locations: Mason, OH, USA, United States, U.S, Cincinnati, New York, Bengaluru

☆ Holder Coric beats Korda in Cincinnati opener, Fritz outlasts Lehecka
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] Aug 15, 2023; Mason, OH, USA; Taylor Fritz, of the United States, reacts to scoring a point against Jiri Lehecka, of Czech Republic, during the Western & Southern Open at Lindner Family Tennis Center. Mandatory Credit: Albert Cesare-USA TODAY Sports Acquire Licensing RightsAug 15 (Reuters) - Defending champion Borna Coric battled past American Sebastian Korda 7-6(5) 6-4 in the Cincinnati Open first round on Tuesday, as Taylor Fritz survived a first-set thriller to beat Czech Jiri Lehecka 7-6(14) 6-2. Korda, who has suffered a handful of early exits since reaching the Queen's Club semi-finals, appeared to have the edge as he converted a break point in the third game. Earlier on Tuesday, top American Fritz mustered all of his resources in an epic 30-point first set tiebreak with Lehecka. The momentum belonged to Fritz in the second set, though, when he never faced a break point and won all but one of his first-serve points.

Persons: Taylor Fritz, Jiri Lehecka, Albert Cesare, Borna Coric, Sebastian Korda, Czech Jiri Lehecka, Croatian Coric, Korda, Coric, Hubert Hurkacz, Fritz, Monte, Amy Tennery, Ken Ferris Organizations: & Southern, Lindner, Tennis Center, Cincinnati, Monte Carlo, Thomson Locations: Mason, OH, USA, United States, Czech Republic, Czech, Croatian, Toronto, Cincinnati, New York

☆ Williams playing at a 'better level' after injury-hit start to season
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] Aug 14, 2023; Mason, OH, USA; Venus Williams celebrates after beating Veronika Kudermetova during round one of the Western & Southern Open at the Lindner Family Tennis Center in Mason Monday, August, 14, 2023. Mandatory Credit: Cara Owsley-USA TODAY Sports/File photoAug 15 (Reuters) - Seven-times Grand Slam champion Venus Williams says she is now playing at a better level than at the start of an injury-plagued 2023 season after sealing her first top 20 win in four years by beating Veronika Kudermetova at the Cincinnati Open on Monday. read more"I think I'm at a better level than I started the year, to be honest," Williams told reporters. I'm fine game-wise, but playing matches is a different ball game." Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Venus Williams, Veronika Kudermetova, Williams, Cara Owsley, old's, Roland Garros, Elina Svitolina, Camila Giorgi, Shrivathsa Sridhar, Peter Rutherford Organizations: & Southern, Lindner, Tennis Center, USA, Cincinnati, Auckland, Wimbledon, Birmingham, Thomson Locations: Mason, OH, USA, Cincinnati, Auckland, Bengaluru

☆ Auger-Aliassime snaps losing streak with win over Berrettini in Cincinnati
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Aug 14, 2023; Mason, OH, USA; Matteo Berrettini (ITA) runs up the court for a return to Félix Auger-Aliassime (CAN) (not pictured) during the Western & Southern Open at Lindner Family Tennis Center. Mandatory Credit: Carter Skaggs-USA TODAY SportsAug 14 (Reuters) - Felix Auger-Aliassime ended a five-match losing streak with a come from behind 4-6 6-2 6-3 victory over Matteo Berrettini at the Cincinnati Open on Monday to set up a second round clash with Adrian Mannarino. The 23-year-old beamed a broad smile when Berrettini's forehand went long on match point, grateful for the bright spot in a thus far disappointing 2023 campaign. The 12th seeded Auger-Aliassime will look to keep his winning ways going in his first ever meeting with Frenchman Mannarino in the second round. Reporting by Rory Carroll in Los Angeles; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Matteo Berrettini, Félix, Carter Skaggs, Felix Auger, Aliassime, Adrian Mannarino ., Auger, I've, Frenchman Mannarino, Australia's Jordan Thompson, American John Isner, Isner, Finland's Emil Ruusuvuori, Nicolas Jarry of, Rory Carroll, Muralikumar Organizations: & Southern, Lindner, Tennis Center, USA, Cincinnati, U.S, Thomson Locations: Mason, OH, USA, Nicolas Jarry of Chile, Los Angeles

☆ Williams upsets Kudermetova, Stephens beats Cocciaretto at Cincinnati
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +4 min

Mandatory Credit: Cara Owsley-USA TODAY SportsAug 14 (Reuters) - Venus Williams upset 16th-ranked Veronika Kudermetova 6-4 7-5 at the Cincinnati Open on Monday, as her unseeded American compatriot Sloane Stephens overcame a sluggish start to beat Italy's Elisabetta Cocciaretto 7-5 6-2. The Russian missed another opportunity to win the second set when Williams fended off a break point in the ninth game with an unreturnable serve. Cocciaretto took control early on and built a 5-2 lead that gave her two chances to serve out the set. But Stephens dialed up the pace and broke to love on each occasion as she used a five-game winning streak to wrap up the opening set. Stephens can expect a tougher test against sixth seed Garcia, who is 4-2 all-time versus the American including a pair of first-round wins at the Cincinnati Open.

Persons: Venus Williams, Veronika Kudermetova, Cara Owsley, Sloane Stephens, Italy's Elisabetta Cocciaretto, Williams, outmatched, Kudermetova, Stephens, Cocciaretto, Caroline Garcia, Garcia, Elina Svitolina, Caroline Wozniacki, Wozniacki, Varvara Gracheva, Frank Pingue, Amy Tennery, Rory Carroll, Ken Ferris, Cynthia Osterman Organizations: & Southern, Lindner, Tennis Center, USA, Cincinnati, Wimbledon, U.S ., Thomson Locations: Mason, OH, USA, Russian, Guadalajara, Toronto, New York, Los Angeles

☆ Factbox: European countries imposing windfall taxes on banks
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +4 min

But he and Finance Minister Bruno Le Maire have ruled out the possibility of a windfall tax. HUNGARYHungary's government has tweaked windfall taxes imposed on key sectors of the economy in a decree published in June, saying banks can reduce their 2024 windfall tax payments by up to 50% if they increase their Hungarian government bond purchases. ITALYItaly approved on Aug. 8 a one-off 40% tax on profits banks reap from higher interest rates and it plans to use the proceeds to help mortgage holders. LITHUANIALithuania's parliament approved in May a windfall tax on the banking industry's net interest income for 2023 and 2024 following a sharp rise in European Central Bank interest rates. It is expected to raise 6 billion Swedish crowns a year.

Persons: Ralph Orlowski, Emmanuel Macron, Bruno Le Maire, Christian Lindner, Alessandro Parodi, Matteo Allievi, Olivier Sorgho, Silvia Aloisi, Tom Sims, Holger Hansen, Marta Frąckowiak, Alexander Smith Organizations: Germany's Deutsche Bank, REUTERS, Finance, HUNGARY Hungary's, European Central Bank, Swedish Government, Thomson Locations: Frankfurt, Germany, Italy, CZECH REPUBLIC, Czech, France, GERMANY, HUNGARY, ITALY Italy, LITHUANIA, SPAIN Spain, SWEDEN, Britain

☆ Why Gen Z, Millennials, Boomers, and Gen X Fight: Generational Conflict
▼ + stars: | 2023-07-26 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +15 min

Gen Z is soft, millennials are embarrassing, boomers are evil, and no one has thought about Gen X in years. But late this spring, Pew announced it would no longer use generational labels such as millennial and Gen Z in its research. By and large, Cohen shares Duffy's view that generational labels make it tough for both experts and laypeople to distinguish between generational traits and universal, or multifactorial, occurrences. To its credit, Pew has been transparent in acknowledging how the use of generational labels may have tilted its analyses. Pew "does believe generational research can be a useful tool in the right context," Parker told me.

Persons: Gen X, Pew, Kim Parker, Parker, Obama, Millennials, boomers, Gen Zers, Xers, —, Karl Mannheim, Louis Menand, Menand, Andrew M, Lindner, Sophia Stelboum, Azizul Hakim, William Strauss, Neil Howe, Strauss, Howe's, Baby Boomer, Portia, Zers, Gen Xers, Philip N, Cohen, it's, Bobby Duffy, Duffy, Stelboum, Hakim, Michael Dimock, Kelli María Korducki Organizations: Pew Research Center, Pew, Skidmore College, University of Maryland, College, Washington, King's College London Locations: Mannheim, New York City

☆ EU has to come clean on costs of green transition
▼ + stars: | 2023-07-18 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. French economist Jean Pisani-Ferry has compared the impact of the green transition to an economic shock equivalent to the sharp spikes in oil prices in the 1970s. But unlike previous shocks triggered by geopolitical instability or trade wars, the green transition has been initiated and managed by governments, and largely financed by them. Germany looks like the country most able to afford the green transition, but its over-emphasis on regulation on environmental matters is running into fierce opposition. On Sunday Paolo Gentiloni, the EU economy commissioner, told the Financial Times that Europe will have to fund its own industrial green transition.

Persons: Jean Pisani, won’t, Pisani, Selma Mahfouz, Paolo Gentiloni, Bruno Le Maire, Christian Lindner, Keir Starmer, –, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Union, Reuters Graphics Reuters, International Energy Agency, Ferry, Social Democrats, Greens, Opposition, Financial Times, French Finance, German, Labour Party, Twitter, Southern, European Commission, Deal, Zero, Thomson Locations: Europe, France, Italy, Germany, EU, Paris, Southern Europe, Spain, Greece

☆ 15-Year vs. 30-Year Mortgage: How Do You Choose?
▼ + stars: | 2023-07-16 | by ( Aly J. Yale | ) www.wsj.com time to read: +8 min

15-year mortgage rates vs. 30-year mortgage ratesHowever, mortgage rates vary by term length, too. Pros and cons of a 15-year mortgageA 15-year mortgage has some perks. “A 15-year mortgage would be ill-advised if a customer is tight on their budget,” says Chuck Meier, mortgage director at Sunrise Banks. “You can make the 15-year payment on a monthly basis, receiving the benefits of a 15-year mortgage,” Lindner says. “If the higher payment becomes a challenge, you can revert to the lower 30-year mortgage payment.”

Persons: Aly J, Freddie Mac, Melissa Cohn, you’re, ”, Chuck Meier, ” Cohn, Scott Lindner, ” Lindner Organizations: Yale, it’s, PMI, William, Sunrise Banks, TD Bank Locations: —

☆ German Government Slashes Spending, Except on the Military
▼ + stars: | 2023-07-05 | by ( Melissa Eddy | ) www.nytimes.com time to read: +2 min

Why It Matters: Germany has long neglected military spending. Despite intense pressure from the United States, Germany last spent 2 percent of its G.D.P. on defense in 1991, a year after the reunification of the former East and West German nations, according to statistics from the World Bank. The United States is using incentives, including tax breaks, to lure businesses in the green energy and technology sectors. “Germany is increasingly falling behind when it comes to investment and location decisions,” said Tanja Gönner, general director of the German Federation of Industries.

Persons: Marcel Fratzscher, Lindner, ”, Tanja Gönner Organizations: World Bank, German Institute for Economic Research, German Federation of Industries Locations: Germany, United States, West, Russia, Ukraine

☆ German coalition at odds over fighter jet sale to Saudi Arabia, Welt am Sonntag reports
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 1(Reuters) - Germany's coalition government is at odds over whether to bow to British pressure and approve the production of Eurofighter Typhoon fighter jets for Saudi Arabia, the newspaper Welt Am Sonntag reported on Saturday, citing anonymous sources. A third of the components for the jets come from Germany, industry sources told Reuters at the time. Since the rapprochement of Saudi Arabia and Iran, which could end their proxy war in Yemen, the British have argued that Germany cannot block the export of Eurofighter jets to third parties. A spokesperson for the Chancellery declined to comment to Welt am Sonntag. Reporting by Sabine Siebold; Writing by Victoria Waldersee; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Chancellor Olaf Scholz, Christian Lindner, Jamal Khashoggi, Angela Merkel, Sabine Siebold, Victoria Waldersee, Jonathan Oatis Organizations: Eurofighter Typhoon, BAE Systems, Reuters, Social Democrats, Finance, Greens, SPD, Eurofighter, Welt, Thomson Locations: BERLIN, Saudi Arabia, Riyadh, Yemen, Saudi, Germany, United States, France, Britain, Iran

☆ Intel near deal on 9.9 bln euro German government subsidy, Handelsblatt says
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

June 15 (Reuters) - Intel (INTC.O) and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt reported on Thursday, citing government sources. Final negotiations will take place this weekend, the newspaper reported, with Intel Chief Executive Pat Geisinger and government representatives to sign an agreement in Berlin on Monday. Intel and the economy ministry were not immediately available for comment outside working hours. The additional funds are to come from a budget under the responsibility of the economy minister, who campaigned heavily for the extra subsidies in the face of resistance from Finance Minister Christian Lindner, according to Handelsblatt. Intel, which announced last year it had picked the central German city of Magdeburg for a new chip-making complex, had raised its demand for subsidies to around 10 billion euros citing higher energy and construction costs.

Persons: Handelsblatt, Pat Geisinger, Christian Lindner, Victoria Waldersee, Barbara Lewis Organizations: Intel, Finance, Thomson Locations: Berlin, German, Magdeburg

REUTERS/Fabrizio BenschSummarySummary Companies Germany unveils first ever National Security StrategyDocument reflects growing focus on security over economyContains strong criticism of China but does not mention TaiwanImplementation could be hampered by lack of Security CouncilBERLIN, June 14 (Reuters) - China poses a growing threat to global security, Germany said in its first national security strategy on Wednesday, underscoring Berlin's shift in emphasis from economic interests to geopolitics following Russia's invasion of Ukraine. It also omits some major issues, such as Taiwan, and as expected, does not create a National Security Council that would help its implementation. "We paid for every cubic metre of Russian gas twofold and threefold with our national security." Russia is the top threat to European peace "for now", the National Security Strategy (NSS) said. "The good thing is that German companies are drawing similar conclusions to the German federal government," she said.

Persons: Olaf Scholz, Fabrizio Bensch, cyberattacks, Chancellor Olaf Scholz, Annalena Baerbock, Ola Kaellenius, Baerbock, Noah Barkin, Norbert Roettgen, Scholz, Christian Lindner, Andreas Rinke, Miranda Murray, Rachel More, Madeline Chambers, Christoph Steitz, Angus MacSwan, Mark Potter, Alexandra Hudson Organizations: REUTERS, Germany, Security, BERLIN, Security Council, National Security, NSS, Volkswagen, BASF, BMW, Benz, NATO, Alexandra Hudson Our, Thomson Locations: Berlin, Germany, China, Taiwan, Ukraine, Beijing, Asia, Russia, Moscow, Europe, Moldova, Georgia

☆ Germany refusing Intel's additional demand for subsidies for chip plant, Financial Times reports
▼ + stars: | 2023-06-11 | by ( ) www.reuters.com time to read: +1 min

June 11 (Reuters) - Germany's Finance Minister Christian Lindner is refusing Intel's (INTC.O) demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday. "There is no more money available in the budget," the newspaper quoted Lindner as saying in an interview. The company was due to receive 6.8 billion euros in government support for its fabrication plant in Germany. However, due to higher energy and construction costs, it is now demanding about 10 billion euros, the newspaper reported. ($1 = 0.9305 euros)Reporting by Anirudh Saligrama in Bengaluru; Editing by Michael Perry and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Christian Lindner, Lindner, Taiwan's TSMC, Anirudh, Michael Perry, William Mallard Organizations: Germany's Finance, Financial Times, Intel, Thomson Locations: Germany, German, Magdeburg, Europe, Ireland, Italy, France, U.S, Bengaluru

London generated $2 billion in venture capital funding in the first quarter of 2023, compared to Berlin's $800 million, a DEEP Ecosystems analysis of Dealroom data showed. Reuters Graphics Reuters GraphicsTOUGHER TIMESIn 2022, 501 startups were founded in Berlin, a fifth of Germany's total. About a fifth of openings at startups were vacant and more than half were struggling to fill posts, German Startups Association said. In Germany, it has been accompanied by the sharpest contraction in venture capital funding in Europe in the past 12 months, down 42%. The funding crunch is hitting Germany's push to encourage the growth of new renewables businesses, given manufacturing startups are particularly capital intensive.

Persons: Avitosh Sawhney, Christian, headwinds, Katharina Beck, Lindner, Maximilian Tayenthal, Christoph Stresing, Tobias Lechtenfeld, Chancellor Olaf Scholz's, Maria Martinez, Riham Alkousaa, Matthias Williams, Mark John, Edmund Blair Organizations: Wall, Greens, Reuters, Startup Heatmap, Reuters Graphics Reuters, Manpower, Association, European Central Bank, Tech, Zero Alliance, Free Democratic Party, Thomson Locations: Berlin, London, BERLIN, Paris, Germany, Europe

☆ Debt conundrum gives Italy weak hand in EU talks
▼ + stars: | 2023-05-18 | by ( Lisa Jucca | ) www.reuters.com time to read: +6 min

After inflation hit 40-year highs in the West last year, global rate-setters, including the European Central Bank, launched a dramatic series of interest rate hikes. Unless there is a sudden series of interest rate cuts, the cost of servicing Italy’s debt could stay well above 4% of GDP for years. To fight that, Meloni’s government will have to shrink the public deficit and bring Italy back to the healthy pre-pandemic habit of keeping a primary budgetary surplus excluding debt interest payments. As long as Italy’s debt is not spiralling out of control, markets won’t worry too much. Yet even if Meloni chooses a milder approach, Italy’s unresolved debt challenge risks giving her a weak negotiating hand in Brussels.

☆ German exports to Russia's neighbours fuel sanctions evasion fears
▼ + stars: | 2023-05-16 | by ( Rene Wagner | ) www.reuters.com time to read: +4 min

Although they remain relatively modest in value, German exports to Georgia rose by 92%, while those to Kazakhstan rose 136%, to Armenia 172% and to Tajikistan 154%. An 11th package of EU sanctions, currently being negotiated, will also focus on people and countries circumventing existing trade restrictions. "The circumvention of sanctions against Russia is unacceptable," German Finance Minister Christian Lindner said in Brussels on Tuesday. That came after a six-fold rise in German exports to Kyrgyzstan last year following Russia's February 2022 invasion of Ukraine. "But because Turkey does not participate in EU sanctions, EU goods are further exported from there to Russia."

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