EU state’s shock windfall tax sends bank shares plummeting

Italy has unexpectedly approved a 40% levy on lenders’ “excess” profits this year The Italian government’s announcement of a one-off windfall tax on bank profits saw the country’s financial stocks tumble on Tuesday, wiping out some €10 billion ($11 billion) from their combined market value.

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Russia's grain harvest forecast upgraded

This year’s production is expected to be higher than earlier estimates, market researcher IKAR has said Russian farmers are projected to reap up to 137 million tons of grain, including 88 million tons of wheat this year, according to the Institute for Agricultural Market Studies (IKAR).

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Biden pulling ‘accounting scam’ to fund Ukraine – Republican rep

With funding for weapons shipments exhausted, the White House claims that it can keep the arms flowing thanks to an “accounting error” US President Joe Biden is “pulling an accounting scam to send more money to Ukraine,” Republican Representative Marjorie Taylor Greene claimed on Tuesday. One day earlier, US officials said that the next aid…

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