Top German court nixes subsidy raise for political parties
Germany’s top court has ruled that a decision five years ago to raise the upper limit for state financing of political parties by 25 million euros ($27.2 million) a year was illegal.
Business
British households and businesses to be paid £2m to cut power use on Tuesday
National Grid scheme, which launched officially on Monday, to operate between 4.30pm and 6.30pmHouseholds to be paid to use less electricity: how does it work?National Grid is expected to pay out more than £2m to households and businesses to encourage …
Penneys cautious over 2023 outlook after ‘very strong’ Christmas
The retailer’s parent company, Associated British Foods, cautioned economic headwinds may dent consumer spending in 2023
Ford to cut 3,200 jobs in Europe and move some work to US
Most of roles are in Germany but others could fall at sites in Belgium and UK, say reportsFord plans to cut 3,200 jobs across Europe, according to Germany’s largest union, as the carmaker looks to cut costs and shift its focus towards electric vehicles…
Energy support sends UK government borrowing to December record
Spending exceeds receipts by £27.4bn, as higher interest payments also contribute to deficitGovernment payments to soften the impact of rocketing energy bills helped send UK public borrowing soaring to more than £27bn last month – the highest figure fo…
Poorest in UK have £40 a month less to spare than a year ago, study finds
Richest have gained similar amount over same period, reflecting differing impacts of inflationThe UK’s least affluent households have almost £40 a month less spare cash than they did a year ago while the richest have gained a similar sum in the same pe…
Defense Business Brief: Earnings preview; A Reagan Forum in DC; Boeing to develop NASA plane; and more.
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Proposed Brazil-Argentina common currency is met with doubts
Market analysts are reacting with deep skepticism to a proposal floated by the leaders of Brazil and Argentina to launch a common currency.
Amazon and Stripe Expand Partnership
Amazon and Stripe have signed an agreement that will see the two companies increase their use of each others’ services, the companies said. Amazon plans to increase its use of Stripe’s payments processing services, whereas Stripe will expand its use of…
Reliability of UK trains fell to new lows in December, official figures show
Labour says figures underline railways are in crisis, as almost one in 12 services due to run ended up cancelledThe reliability of Britain’s trains fell to new lows in December, official figures show, with record levels of cancellations even on days wh…