The EU Is Under Pressure to Act on Windfall Taxes

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The European Commission is under some pressure from the Member States to act. The companies that will be affected stretch actually to all energy producers. Europe's whole supply chain is under threat in this crisis, and that is why the EU is really pushing EU capitals to use a mechanism to subsidise their businesses.

The EU is considering a windfall tax for energy companies, Zambia’s IMF bailout is a test for countries that have defaulted on Chinese debt, and US regulators are cracking down on bankers’ use of messaging apps.

Mentioned in this podcast:

EU plans windfall tax to counter ‘astronomic’ energy bills

Zambia’s $1.3bn IMF bailout to test how China handles defaults

Wall Street’s $1bn messaging ‘nightmare’

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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