Latest Christian Lindner News
German FinMin pitches $10B tax cuts to ease inflation pain
BERLIN (AP) — Germany's finance minister said Wednesday that the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation. Finance Minister Christian Lindner said about...
Germany argues over nuclear shutdown amid gas supply worries
BERLIN (AP) — Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year. The door to some kind of extension appeared to open a...
Germany to reduce government incentives to buy electric cars
BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year. The government had announced shortly after taking office in December that, starting in 2023, it would only...
Germany eyes new cartel law as fuel tax cut falls short
BERLIN (AP) — Germany's vice chancellor is proposing new powers for the country's antitrust agency to clamp down on oil companies amid disappointment over the limited effect of a cut in fuel taxes. A three-month cut took effect on June 1 as part of a wider package of measures aimed...
German leader rules out nuclear option to fill energy gaps
BERLIN (AP) — German Chancellor Olaf Scholz said Wednesday that his government remains committed to phasing out nuclear power despite concerns about rising energy prices and possible future shortages due to Russia's war in Ukraine. Germany shut down half of its six nuclear plants...
German minister rejects calls to tax growing oil profits
BERLIN (AP) — Germany's finance minister on Tuesday rejected calls by some in the country's governing parties to tax what they call “excessive profits” earned by oil companies since Russia's war in Ukraine spiked energy prices. Suggestions for such a tax by some politicians in...
German inflation rate hits highest level since early 1970s
BERLIN (AP) — Germany's annual inflation rate accelerated to 7.9% in May, its highest level in nearly half a century, according to an official estimate Monday. The Federal Statistical Office said year-on-year inflation jumped from 7.4% in April, with energy prices 38.3% higher than...
Yellen's global tax plan meets resistance abroad and at home
KOENIGSWINTER, Germany (AP) — Treasury Secretary Janet Yellen celebrated a “historic day” last summer when more than 100 nations agreed to a global minimum tax deal, aimed at putting the world's countries on a more equal footing in attracting and keeping multinational companies. President Joe...
Live updates | Zelenskyy: Russia should pay for destruction
KYIV, Ukraine -- President Volodymyr Zelenskyy devoted his nightly video address to Ukraine’s demand that Russia be held financially responsible for the damage its forces are inflicting on Ukraine. Just on Friday, he noted, the Russian army fired a missile at the northeastern...
G7 countries to provide $19.8 billion in aid to Ukraine
KOENIGSWINTER, Germany (AP) — The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion. German Finance Minister Christian Lindner told...
