Scholz, Olaf (1958- ) – Page 4

German Government Slashes Spending, Except on the Military

The proposed package foresees spending about 6 percent less in 2024 from this year, in a return to financial austerity. But the severity of the cuts to social services drew sharp criticism.

By Melissa Eddy

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Markets Climb as Silicon Valley Bank Finally Finds a Buyer

First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.

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Germany’s Leader Seeks Accord With China on Covid Vaccines

Chancellor Olaf Scholz said during a visit to Beijing that China and the European Union were working toward approval of each other’s pandemic vaccines.

By Keith Bradsher and Melissa Eddy

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BlackRock Expands Client Voting in Shareholder Elections

The money manager said it will let more clients vote individually in companies’ elections, as it faces criticism of its own shareholder power.

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