German Finance

Flood hit Bavaria as German death toll climbs to 156

FRANKFURT, July 18 (Reuters) – Flash floods hit southern Germany on Sunday, killing at least one and deepening devastation after flooding in the country this week, which killed more than 150 people. The district of Berchtesgadener Land in Bavaria, which borders Austria, became the latest region to be hit by …

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EU suspends digital levy plan to focus on global taxation

BRUSSELS – In a gesture of goodwill towards the United States, the European Union on Monday suspended its digital tax levy project to focus on finalizing the comprehensive minimum corporate tax decision approved by the Group of 20 nations this weekend. Facing criticism from U.S. Treasury Secretary Janet Yellen, the …

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