European Press Roundup: German Labor Minister Plans Tax Advantage for Employees in Trade Unions
September 19 2019 - 8:56AM
Dow Jones News
In Europe today, Norway's Norges Bank raised its key interest
rate, while retailer Next saw its profit lifted by growing online
sales. Read about the above topics on Dow Jones Newswires or
WSJ.com.
In Other Media...
A no-deal Brexit will slice almost 3% from Britain's economic
growth over the next three years compared with just 0.6% from the
rest of the EU, according to the OECD's latest health check of the
global economy, warning that the U.K. would take the biggest hit if
the government failed to secure an agreement with the EU. -The
Guardian
German employees who organize in a trade union could receive a
noticeable tax advantage in return. Federal Labor Minister Hubertus
Heil will present plans on Friday that include measures intended to
strengthen trade unions and collective agreements. If the program
is implemented, the membership fees to trade unions will have a
tax-reducing effect. -Frankfurter Allgemeine Zeitung
UniCredit may confirm Deputy Chairman Cesare Bisoni as chairman
at a board meeting on Friday. Mr. Bisoni became interim chairman
after the sudden death of Chairman Fabrizio Saccomanni. -Il Sole 24
Ore
Germany must lead the way in climate protection, Vice Chancellor
Olaf Scholz said in an op-ed for daily Frankfurter Allgemeine
Zeitung. It is "imperative that we have to rebuild the technical
infrastructure of our industrial society in order to achieve our
climate goals," he wrote. He named the expansion of electricity and
rail networks and the refurbishment of buildings as key points.
-Frankfurter Allgemeine Zeitung
Italian billionaire and founder of eyeware company Luxottica
Leonardo Del Vecchio may increase its stake in Mediobanca. Mr. Del
Vecchio has built a stake of almost 7% in the Italian investment
bank. -La Repubblica
Samsung's Galaxy Fold and Huawei's Mate X, the two folding
smartphones to be launched on the market, will not be available for
sale in Belgium. The decision not to make Huawei's much-awaited
folding phone available in Belgium was in large part due to the
lack of 5G coverage in the country, according to Belgian daily Le
Soir. -Le Soir
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(END) Dow Jones Newswires
September 19, 2019 08:41 ET (12:41 GMT)
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