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Germany agrees tax relief for computer purchases

German Finance Minister Olaf Scholz expects annual tax relief of around 2.3 billion euros from a new measure to support purchases of digital assets like computers and software, the ministry said on Wednesday. ....

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Breakingviews - Corona Capital: Bank of America, Halliburton, NBA

Breakingviews
9 Min Read
NEW YORK/LONDON/HONG KONG/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri
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FOUR LEGS GOOD. If bad debts were an animal, what would they be? Perhaps a dragon that may rear its head, or a dog that might bark. Bank of America boss Brian Moynihan picked a different analogy as he delivered the U.S. bank’s fourth-quarter earnings on Tuesday: non-performing loans during Covid-19 have, he said, been like a mouse passing through a snake. In other words, they swelled, but only a little, then eased. ....

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Japan's Nidec files patent infringement suit against Seagate over HDD

By Reuters Staff
1 Min Read
FILE PHOTO: Nidec Corp s logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - Japan’s Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, accusing it of using Nidec hard disk drive motor designs without permission.
The suit was filed on Jan. 18 in the U.S. District Court in Delaware, Nidec said in a statement.
The Japanese component maker wants the court to award it appropriate compensation based on sales made by Seagate, a Nidec spokesman said. ....

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Analysis: Europe Inc earnings in no man's land between recession and recovery

4 Min Read
LONDON/MILAN (Reuters) - Europe Inc’s fourth-quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 20, 2021. REUTERS/Staff
Boosted by COVID-19 vaccine roll-outs and massive fiscal and monetary stimulus, European stocks have rallied more than 50% since the March pandemic crash lows and analysts see them sticking to their bullish course.
But faced with the fresh dip in economic activity, management teams will most likely stay prudent, potentially creating room for disappointment on markets which look to have already priced in better times ahead. ....

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Germany agrees tax breaks worth 11 billion euros: Handelsblatt

German Finance Minister Olaf Scholz expects annual tax relief of around 2.3 billion euros from a new measure to support purchases of digital assets like computers and software, the ministry said on Wednesday. ....

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