The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program
Sales in the hospitality industry increase in September
Sales in the hospitality industry rose by 2.0 percent in real terms and by 2.6 percent in nominal terms in September compared to August after calendar and seasonally adjusted adjustments. As the Federal Statistical Office (Destatis) announced, the hospitality industry recorded a real sales decline of 1.9 percent and a nominal sales increase of 3.7 percent compared to the same month last year. The difference between the nominal and real results reflects the significantly increased price level in the hospitality industry.
Lemke: Projects in the climate fund are crucial for an industrial location
After the Federal Constitutional Court’s ruling on the Climate and Transformation Fund (KTF), Federal Environment Minister Steffi Lemke (Greens) emphasized the importance of financing planned from the fund for the industrial location. “We should not act as if this were about any projects by individual parties or individual government factions, but rather the projects financed in this KTF are of crucial importance for Germany as an industrial location,” said Lemke in the Bundestag.
SPD politician for tax increases after court ruling
After the Federal Constitutional Court’s ruling on the 2021 supplementary budget, SPD politicians are in favor of tax increases to fill the financial holes. Climate protection should not come at the expense of social affairs, education or public services, said deputy SPD leader Serpil Midyatli in the Bild newspaper. “The SPD would be prepared to re-ask fundamental questions of distribution in order to improve the revenue side. For example, by increasing wealth and inheritance taxes,” said Midyatli. At the same time, she emphasized that “a financially viable solution” must now be found.
EU Commission announces glyphosate approval for another ten years
The EU Commission has announced a new approval of glyphosate for another ten years. According to diplomats, representatives of the member states were once again unable to agree on a common position on Brussels’ proposal. According to current EU law, the Commission can now decide on its own. According to the authority’s proposal, the use of glyphosate will be permitted in the EU until 2033, but the use of the weed killer will be subject to conditions in the future.
Injured in attack on checkpoint near Jerusalem
According to Israeli reports, several people were injured in an armed attack on a checkpoint near Jerusalem. According to police, three armed men attacked a checkpoint between Jerusalem and the Israeli-occupied West Bank. The attackers were “neutralized.” According to the Magen David Adom rescue service, four people were injured, one of them seriously.
China condemns Biden’s ‘dictator’ remark about Xi as ‘extremely false’
China sharply criticized US President Joe Biden’s description of President Xi Jinping as a “dictator” immediately after a summit in the US state of California. This type of language is “extremely wrong and is an irresponsible political manipulation,” said Chinese Foreign Office spokeswoman Mao Ning in Beijing when asked about Biden’s statement. China “resolutely” rejects it.
DJG/DJN/AFP/apo
(END) Dow Jones Newswires
November 16, 2023 07:30 ET (12:30 GMT)