companies

UK isolated as EU agrees windfall tax on energy companies

EU energy ministers have agreed to levy windfall taxes on energy companies’ profits and cut electricity consumption, but remain at odds over proposals to cap gas prices. Meeting in Brussels on Friday, the bloc’s 27 energy ministers endorsed proposals to levy a “solidarity levy” on fossil fuel producers who have benefited from soaring energy prices. …

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Laid-off workers quickly hired by other companies: This labor market is surprisingly strong, fueling Fed inflation concerns

Laid-off workers quickly hired by other companies: This labor market is surprisingly strong, fueling Fed inflation concerns

He already plays a key role in each of Powell’s press conferences. By Wolf Richter for WOLF STREET. Almost every day there are stories of layoffs, but mostly small scale layoffs, in the hundreds, 300 people here, 500 people there – out of the 153 million people employed. Sometimes there have been layoffs of 1,000 …

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European companies are rethinking their plans for a 'closed' China

European companies are rethinking their plans for a ‘closed’ China

Foreign direct investment from Germany to China rose about 30 percent in the first eight months of the year compared to a year ago, China’s Ministry of Commerce said on Monday. CGV | Visual Group China | Getty Images BEIJING — European businesses in China are reassessing their market plans after this year’s Covid controls …

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