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...EU policymakers have defended the continuation of imports from Russia as being due to long-term contracts agreed before the war that, if broken, would force European companies to pay compensation to Russia...
...such as cables and finding €584bn in investments to pay for it....
...“The summer of 2022 was very close to a perfect storm,” says Benjamin Lakatos, CEO of Swiss energy company Met Group....
...Breaking such contracts could force European companies to pay hefty penalties. The new powers were backed by the European parliament last week but still require final approval by member states....
...European airlines and airports laid out a detailed plan in 2021 to reach net zero by 2050....
...Industrialists, still struggling with the effects of 2022’s energy crisis, said EU targets and bureaucracy were holding up investment and innovation....
...I might just as well claim that I shouldn’t have to pay value added tax on a new bicycle because I’ve already paid tax on my income....
...Now, with China’s property woes still an overhang, the prospect of a quick pay-off from the country looks increasingly remote....
...Lloyds’ operating costs were up 11 per cent, in part due to an “elevated” severance charge of £100mn as the lender embarked on a restructuring plan to increase its focus on digital....
...You could do it if there was some flexibility in the plans.”...
...German support is seen by many diplomats as crucial to holding the agreement together....
...But the company racked up losses of $11mn over the first nine months of the year, due in part to $8mn of severance costs....
...Jetten acknowledged that some sectors would have “to pay extra in energy taxes in the upcoming years — and it makes total sense because they’ve been using [fossil fuels] for extremely low prices for a very...
...In the span of a week, Rinehart’s Hancock Prospecting has bought shares in Australia’s Lynas and taken a 5 per cent holding in US-listed MP Materials....
...Holding down top pay compresses remuneration lower down, sending ambitious people elsewhere....
...The EU agreed last month to include a “polluter pays” principle as part of its negotiating position at COP28, in order to make fossil fuel producers pay for climate damage and the transition to renewable...
...Ireland’s Prime Minister Leo Varadkar denied the policy was similar to the UK’s plan to pay Rwanda to process asylum claims and make successful applicants stay there....
...In the US, Microsoft laid off 10,000 employees in January 2023, and reported severance costs of $800mn, or $80,000 a head. The restructuring costs amount to 5.9 months of the median pay....
...(FT) Ex-Freshfields lawyer convicted over tax fraud received €2mn severance pay (FT) US biotech fundraising boom ends 2-year deal drought (FT) Believe looks to take music group private less than 3 years...
...Chevedden has also been active in filing executive pay proposals concerning “golden parachutes”, which are guaranteed severance payments for executives who leave their company....
...The group’s loan-to-value ratio has already crept up above its target of 50 per cent in recent years, according to company documents, as the value of its holdings has been hit by higher interest rates and...
...“The reality is that we pay for steel at a much higher price than some of our competitors,” says Luca de Meo, chief executive of French carmaker Renault....
...Additional reporting by Alice Hancock...
...It cites examples of Kassan using the fund to pay for an apartment for his personal driver, and allowing his wife to have a company credit card “so she could shop for extravagant luxury goods”....
...The 15 per cent stake owned by the Agnellis’ holding company Exor was a way for the company to broaden its investments beyond its major holdings, which include car companies such as Ferrari and Stellantis...
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