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Germany lobbying EU for stricter climate rules

Bloomberg Germany is lobbying the European Commission to set stricter climate protection targets for the region’s car and aviation industries, according to Frankfurter Allgemeine Sonntagszeitung. In a position paper sent to the European Union (EU) executive, the government urged “ambitious fleet limits” for emissions from new cars in Europe by 2030, the newspaper reported. CO2 limits for automakers are a “decisive ...

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Mortgage debt surging in Canada amid housing boom

Bloomberg Canadians are piling on debt to purchase property at the fastest pace in more than a decade amid a pandemic-driven housing boom. Household mortgage debt grew by 1% in April to C$1.69 trillion ($1.4 trillion), Statistics Canada reported. That’s the fastest pace since 2010. In absolute terms, residential mortgage credit was up C$17 billion during the month, the largest ...

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End of pandemic aid may leave 7% of French firms in hot water

Bloomberg As many as 7% of French firms could be in financial trouble when the government rolls back the blanket support it has provided during the pandemic, according to research by Bank of France economists. The estimate is based on an analysis of over 200,000 balance sheets received as part of the central bank’s annual ratings exercise. It identified firms ...

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