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☆ We are concerned about the consequences of the Inflation Reduction Act: Christian Lindner
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are concerned about the consequences of the Inflation Reduction Act: Christian Lindner"We are concerned about the consequences due to the Inflation Reduction Act," Christian Lindner, the German finance minister, told CNBC's Silvia Amaro, saying, "our common approach should be that value partners should stay preferred trade partners," he said.

☆ EU, US must address concerns over U.S. inflation act - German fin min
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 7 (Reuters) - Germany wants dialogue with Washington rather than tit-for-tat measures to ease trade tensions triggered by the U.S Inflation Reduction Act, which could harm European businesses and industry, Germany's finance minister said on Monday. Christian Lindner said a task force set up between the United States and the European Union should address the issue urgently. "In everyone's interest, we will not enter a tit-for-tat but rather strengthen the sources of wealth and growth together," he added. Earlier on Monday, French Finance Minister Bruno Le Maire said the law was a major threat to European companies and that the EU must stand firm against it. Reporting by Rachel More, Editing by Miranda Murray and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Germany's China strategy must include level playing field - Lindner
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Nov 4 (Reuters) - A level playing field for German and Chinese companies must be part of the Berlin government's strategy going forward, German Finance Minister Christian Lindner told the Welt am Sonntag newspaper on Friday. "We must recognize that China is not only a place to do business, but also a systemic rival. Therefore, we must protect our critical infrastructure and intellectual property," he said. He added that he was open to offering new trade talks with the United States as a consequence of the changed world order. Writing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

☆ Debt rules in Europe are changing. And that could have big repercussions in the bond markets
▼ + stars: | 2022-11-04 | by ( Silvia Amaro | ) www.cnbc.com time to read: +6 min

The euro zone is to discuss changing its fiscal rules - a task that could have market repercussions. Bloomberg | Bloomberg | Getty ImagesThe euro zone will soon reveal changes to its fiscal rules — a move that could have significant repercussions for government borrowing costs and the region's bond markets. At the same time, Germany and the Netherlands would blame the European Commission for not enforcing the rules with fines. "Interest burden on large public debt to GDP ratios is set to increase significantly in the years ahead. This means that in a optimal scenario, the fiscal rules will be changed from 2024 onward.

☆ Germany evaluating if consumer gas price brake can be brought forward
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Oct 23 (Reuters) - German finance minister Christian Lindner said on Sunday it was not yet clear whether a gas price brake for consumers and small businesses planned from March could be brought forward, pointing to technical and legal difficulties in accelerating the move. Some state ministers have called for the price brake to come into force in January, as will be the case for larger industrial firms, in order to support smaller businesses and households through the winter. "These are technical and legal questions we need to look at... we are working as quickly as possible." Germany will remain stable in the long term and is handling public money well, so interest rates don't rise even further, or worse." Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

But she said a more effective debt restructuring process was also needed, and China had a big role to play. The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but are still awaiting a reply. German Finance Minister Christian Lindner also joined the growing criticism of China's lack of timely participation in debt restructuring for lower-income countries. China has argued it would not take part in some cases unless the IMF and World Bank also took a haircut. Lindner told reporters he regretted that China had not accepted his invitation to participate in the G7 roundtable with African countries.

☆ Germany needs to tackle inflation threat, wants transparency from China - Lindner
▼ + stars: | 2022-10-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

Inflation can bring that foundation to erosion," Lindner said in Washington. Speaking alongside Bundesbank President Joachim Nagel, Lindner said Germany has the means to address its weaknesses, including by investing in alternative energy resources. China has argued it would not take part in some cases unless the IMF and World Bank also took a haircut. "I have used the opportunity again to remind creditors, in particular China, of their own responsibility," Lindner said. It's regrettable that China did not accept the invitation to participate in the G7 roundtable with African countries.

☆ Germany needs to tackle inflation threat, wants fairness from China - Lindner
▼ + stars: | 2022-10-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +1 min

"Inflation is the biggest danger for our economic foundation, inflation can bring that foundation to erosion," Lindner said in Washington. Register now for FREE unlimited access to Reuters.com RegisterThe latest forecasts suggest Germany is on the brink of recession and the central bank sees inflation staying at over 7% next year. Speaking alongside Bundesbank President Joachim Nagel, Lindner said German growth had slipped behind other countries because it was especially vulnerable to Europe's energy crisis and supply chain disruptions. Germany has the means to address its weaknesses, including by investing in alternative energy resources, Lindner said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; writing by Matthias Williams, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

German Chancellor Olaf Scholz (on screen), Economics Minister Robert Habeck and Finance Minister Christian Lindner attend a news conference about how to handle high gas prices, at the Chancellery in Berlin, September 29, 2022. Chancellor Olaf Scholz said on Tuesday that Germany could not expect energy deliveries from Russia for the foreseeable future but that the situation could be managed. "If we all continue to adapt to the changed situation - the citizens, the companies and the politicians - then we will get safely through this winter," Scholz told an engineering conference. Other European countries once dependent on Russia gas, such as Italy, have also been building up storage and sourcing supplies from other countries including Algeria and Azerbaijan. If adopted, the plan would be paid for by a 200 billion euro ($194 billion) relief package Chancellor Scholz's government announced last month to reduce the impact of energy prices.

☆ Germany girds for gas supply pain, targets $93 billion price relief plan
▼ + stars: | 2022-10-09 | by ( Holger Hansen | ) www.reuters.com time to read: +4 min

Under a second stage of Germany's plan, the brake would cut the gas price to 12 cents from March through to the end of April 2024 on 80% of usage. For large industrial customers, a price brake of 7 cents is to apply to the procurement price from January 2023. Hans Juergen Kerkhoff, president of the German Steel Federation, said the scheme was a key building block to support companies during the energy crisis. Comparison portal Verivox said its calculations showed that the brake proposal would reduce household gas costs by around 41%. "The gas price brake is a very important first step that gives many companies back some confidence that they can overcome the crisis," VCI Managing Director Wolfgang Grosse Entrup said in a statement, calling for an electricity price brake as well.

☆ Germany agrees 200 bln euro package to shield against surging energy prices
▼ + stars: | 2022-09-29 | by ( Holger Hansen | ) www.reuters.com time to read: +2 min

REUTERS/Lisi NiesnerBERLIN, Sept 29 (Reuters) - German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield" on Thursday to protect companies and consumers against the impact of soaring energy prices. Europe's biggest economy is trying to cope with surging gas and electricity costs caused largely by a collapse in Russian gas supplies to Europe, which Moscow has blamed on Western sanctions following its invasion of Ukraine in February. To this end, we are setting up a large defensive shield," said Scholz, outlining the package. Finance Minister Christian Lindner has previously said he wants to comply with the limit next year. However, the need for the levy came into question after the government's decision to nationalise Uniper (UN01.DE), Germany's biggest Russian gas importer.

☆ Germany must protect gas infrastructure after Nord Stream leaks, regulator says
▼ + stars: | 2022-09-29 | by ( Erol Dogrudogan | ) www.reuters.com time to read: +2 min

Companies Nord Stream AG FollowBONN, Germany, Sept 29 (Reuters) - Germany must move to protect its gas infrastructure in light of the incidents that caused the Russian Nord Stream gas pipelines to leak into the sea, the head of Germany's network regulator told Reuters on Thursday. Europe is scrambling to investigate suspected sabotage that caused pipelines carrying Russian gas to leak into the Baltic Sea. Register now for FREE unlimited access to Reuters.com Register"Gas has not flowed to Germany or Europe via either of the two pipelines. There are liquefied gas plants, a gas energy infrastructure and it has to be well protected. Finance Minister Christian Lindner, while outlining Thursday's relief measures, said Germany was in an "energy war".

☆ Factbox: Germany's measures to protect consumers from rising energy prices
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Lisi NiesnerBERLIN, Sept 29 (Reuters) - Germany agreed a 200 billion euro ($194 billion) "defensive shield" on Thursday to protect companies and consumers against the impact of soaring energy prices, in what the government called a show of strength in an "energy war" against Russia. GAS PRICE BRAKEThe measure will be temporary and benefit private households and companies, bringing prices down to more manageable levels. ECONOMIC STABILISATION FUND REACTIVATIONThe government will finance the gas price cap and the liquidity and subsidies required for the electricity price brake through the Economic Stabilisation Fund (ESF). The government will skim off short-term large gains made by some energy companies during the crisis. GAS VAT REDUCTIONThe government will lower value-added tax (VAT) on gas from 19% to 7% until Spring 2024 and will extend the tax cut to district heating as well.

☆ German tax revenues fall in August for first time this year
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterGerman Finance Minister Christian Lindner holds a news conference about tax revenue forecasts at the Finance Ministry in Berlin, Germany May 12, 2022. REUTERS/Annegret Hilse/File PhotoBERLIN, Sept 22 (Reuters) - Federal and state government tax revenues fell in Europe's biggest economy during August for the first time this year, the finance ministry said on Thursday. Only payroll tax and sales tax showed slight increases, the report said. In first eight months of the year, federal and state tax revenues rose by 12.8% to 522.26 billion euros. read more($1 = 1.0129 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Christian Kraemer Writing by Madeline Chambers.

☆ No rest for the weary
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +3 min

Asia has woken up on Wednesday determined to test the BOJ's resolve, by pushing bond yields up and beyond policy bounds. Swaps markets are pricing Fed rates above 4 through 2023, but the Fed's own projection falls short. Will the Fed revise economic projections, too, and admit prices will take longer to stabilise than they now expect? Commodities markets and stocks are growing more weary of the prolonged debate on whether the Fed and other central banks are going too far. It hasn't helped that European Central Bank President Christine Lagarde, too, has joined the hawkish chorus on the need for restrictive policy read more .

☆ The executive running Oracle's tattered marketing group, called 'the hatchet man' by some employees, is tasked with cutting costs, insiders say
▼ + stars: | 2022-08-26 | by ( Belle Lin | Ryan Joe | ) www.businessinsider.com time to read: +10 min

Oracle's marketing team "imploded" following layoffs and the departure of its CMO this summer. A source told Insider that means salespeople will be selling products to sectors they never had before, including healthcare, which is now a key focus with Cerner. Plus, products like Oracle's cloud infrastructure face competition from tech giants like Amazon, making marketing a key lever in that fight. That morning, nearly 50% of some marketing groups received phone calls that they were being laid off, including Kelman's senior staff, multiple sources told Insider. Oracle's marketing structure, as it once was, is gone.

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