The Swedish administration has unveiled plans to reduce taxation on fuel while expanding electricity support mechanisms through its spring fiscal adjustment, responding to elevated household energy costs amid geopolitical tensions.
Category: International Business
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Germany Announces €1.6 Billion Fuel Tax Reduction Amid Energy Crisis
German Chancellor Friedrich Merz has confirmed a substantial fuel tax cut worth €1.6 billion to support households facing severe energy price pressures linked to escalating Middle East tensions.
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Heineken Exits Democratic Republic of Congo Market Through Bralima Brewery Divestment
The Dutch brewing giant has completed the sale of its Bralima subsidiary stake, withdrawing from the Democratic Republic of Congo after years of operations hampered by regional instability and conflict.
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American Service Sector Growth Decelerates as Employment Contracts Most in Two Years
March data reveals the United States service economy experienced diminished expansion alongside the sharpest workforce reduction since 2023, while businesses confronted accelerating cost pressures.
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Chinese Economic Activity Accelerates as Retail and Manufacturing Gain Momentum
Official statistics reveal strengthening performance across China's retail and industrial sectors during January and February 2024, signaling potential opportunities for Irish exporters and investors monitoring Asia-Pacific markets.