World

Italy shocks banks with 40% windfall tax for 2023

ROME,  (Reuters) – Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.

FILE PHOTO: Matteo Salvini, Italian infrastructure minister and deputy PM, attends a news conference for the government's first budget in Rome, Italy November 22, 2022. REUTERS/Remo Casilli

Italy shocks banks with 40% windfall tax for 2023

ROME,  (Reuters) – Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off 40% tax on profits reaped from higher interest rates, after reprimanding lenders for failing to reward deposits.

Trump targets DC judge in 2020 election case

WASHINGTON (Reuters) – Donald Trump on Sunday targeted the federal judge assigned to the case charging him with seeking to overturn the 2020 presidential election, as his lawyer argued that actions Trump took after his loss were just “asks.”

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