Philippe told lawmakers that the government would cut income tax for middle-class workers and would completely scrap a housing tax. Philippe said unemployment benefits for the highest earners would gradually decrease to encourage the jobless to get back to work more quickly. On the highly sensitive subject of pension reform, Philippe said the government would create incentives for the French to stay on the job longer than the current minimum legal retirement age of 62. Source: France 24
Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros.Group earnings before interest and tax this year are now expected to be at last year’s level, the automaker said, against a previous estimate of a slight increase.Source Automotive News
Turkey’s second drill ship Yavuz will operate in a borehole near Cyprus’ Karpas peninsula, to the northeast of the island, for around three months and reach a depth of 3,300 metres (3,609 yards), Energy Minister Fatih Donmez said on Thursday. Source: Ekathimerini
he Bundesbank president has in the past opposed the ECB’s bond purchasing programmes, which were implemented during the region’s financial crisis to alleviate strains on the economy and financial system. But he told German weekly Die Zeit on Wednesday that the programmes fell within the central bank’s mandate. Source: The Irish Time
