Author: Euronews

ADVERTISEMENTWith the current volatile global economic environment, retirement planning has become all the more important. Escalating trade tensions, along with sticky-high inflation and relatively high interest rates in several parts of the world have made it vital for people to protect their assets against market fluctuations. Upcoming changes in pension and inheritance tax rules in the UK could also make planning your retirement trickier. Joshua White, financial expert and head of growth at Level Group, a lender specialising in family law, said in a note: “From April 2027, the rules around pensions and inheritance tax will change significantly, as most unused pension funds…

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ADVERTISEMENTGermany’s foreign ministry pushed back in an extraordinary exchange with US Secretary of State Marco Rubio after he criticised Germany’s intelligence decision to label the far-right Alternative for Germany (AfD) party as “right-wing extremist”.The dispute grew on Friday, involving Germany’s foreign office, Rubio, US Vice President JD Vance and Elon Musk. It comes just before the 80th anniversary of Nazi Germany’s defeat and as Germany prepares to elect Friedrich Merz as chancellor after a coalition deal was reached last week.The US government has strongly condemned the decision by Germany’s domestic intelligence agency to categorise the AfD as “right-wing extremist”.The “right…

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ADVERTISEMENTShell plc reported its first quarter 2025 earnings on Friday, reporting adjusted earnings of $5.6 billion (€5bn), a surge of 52% from the previous quarter, mainly because of robust performance across the board. Although this surpassed market expectations of $5bn (€4.4bn), it was still a 27% decrease from the same quarter in 2024. The company also announced a share repurchase worth $3.5bn (€3.1bn) for the next three months. This will be the fourteenth consecutive quarter where the company has announced share buybacks worth a minimum of $3bn (€2.7bn). Net debt came to $41.5bn (€36.6bn) in the first quarter of the year, which included…

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ADVERTISEMENTIn Europe, how much of your gross salary do you actually pay in taxes? It depends on several factors such as your income level, whether you’re part of a dual-earner couple, and whether you have dependent children.The OECD’s Taxing Wages 2025 report breaks down tax rates using several indicators. Euronews focuses on income tax as a share of gross wage earnings. This shows how much of your salary goes to income tax. Social security contributions are not included in this calculation.Single person without childrenAmong the 27 countries covered in the report — including 22 EU members, the UK, three EFTA…

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