windfall

Image for representation purpose only. | Photo Credit: Reuters The government on November 16 cut the windfall profit tax on crude oil produced in the country and on exports of diesel in line with softening international oil prices.The…

MADRID (Reuters) - Spain has collected 2.9 billion euros ($3.07 billion) this year with the windfall taxes imposed on power companies and banks, acting Budget Minister Maria Jesus Montero said on Wednesday. "We have always said that…

Receive free Barclays PLC updatesWe’ll send you a myFT Daily Digest email rounding up the latest Barclays PLCnews every morning. Barclays shares fell after it reported an underwhelming set of second-quarter earnings, in which its…

As the deadline for a renewal of the deal loomed on Monday, it became apparent that Russia would walk away from it, despite efforts by Turkey’s president, Recep Tayyip Erdogan, to negotiate an extension.Russia’s rationale for abandoning the…

By Ashutosh Joshi   An eight-fold surge in tomato prices is making some Indian farmers rich, although their windfall gains may be short-lived due to a likely rise in supplies in the coming weeks.   Retail prices of…

Receive free Spain updatesWe’ll send you a myFT Daily Digest email rounding up the latest Spainnews every morning. The conservative frontrunner to be Spain’s next prime minister has vowed to overhaul a €3bn windfall tax reviled by…

The European Central Bank has warned Brussels against swooping to claim money from custodians of trapped Russian assets, claiming it could dent confidence in the euro as a global currency and hurt financial stability.The…

Britain’s windfall tax on oil and gas producers is set to be scaled back as part of efforts to boost investment in the North Sea, according to three people briefed on the government’s plans.The chancellor, Jeremy Hunt, is expected to…

“Americans will get $1.1 B in rebates from health insurance companies this year cuz of a provision I wrote in the ACA.”Former Sen. Al Franken (D-Minn.), in a tweet on May 17, 2023Former Democratic Sen. Al Franken…

Bill signedThe legislation, which was signed into law by President Joe Biden on Saturday, forced action on permits for the project. On paper, the bet appears to have earned $US7.5 million ($11.4 million) through Friday. It has some asking…