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German govt looks to roll back tax hike on flights
German govt looks to roll back tax hike on flights
by  AFP

Germany's government signalled Monday that it may reverse a rise in the tax applied to passenger flights as it steers a pro-business turn in Europe's top economy. Chancellor Friedrich Merz of the CDU has tried to forge a pro-business course to revive a sluggish economy, introducing tax breaks for business investment and promising to reduce bureaucracy. lep-vbw/fz/rmb

German industry alliance lays out domestic investment push
German industry alliance lays out domestic investment push
by  AFP

More than 60 German companies said Monday they would fund new domestic investments worth at least 100 billion euros ($117 billion) each as Chancellor Friedrich Merz seeks to revive Europe's largest economy. The CEOs of the two German heavyweights were received in the chancellery in Berlin by Merz, who declared that "the message is very clear... it is worth investing in Germany again".

UK overhauls regulation of 'broken' water system
UK overhauls regulation of 'broken' water system
by  AFP

The UK government announced Monday it will overhaul the management and regulation of the water system, following a landmark report that slammed systematic failings in the heavily-criticised industry. It urged the UK and Welsh governments to give themselves more powers to "direct" failing water firms, while also demanding an overhaul of their regulation.

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