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BUSINESS TODAY 15 September 2022

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€1.50 THURSDAY 15 SEPTEMBER 2022 • ISSUE 172 WWW.BUSINESSTODAY.COM.MT PAGE 5 PAGE 2 PAGE 3 EU proposes windfall levies on energy firms Total inbound tourists in July estimated at 273,646 ECJ's General Court confirms £3.5bn fine for Google THE European Union has revealed plans to raise more than 140 billion euros to soften the blow to consum- ers from soaring energy prices by skimming off revenues from low- cost electricity generators and mak- ing fossil fuel firms share windfall profits. e European Commission pub- lished the proposals on Wednesday as the 27-member European Union grapples with an energy crisis fuelled by Russia's invasion of Ukraine. Governments across Europe have already ploughed hundreds of bil- lions of euros into tax cuts, hand- outs and subsidies to tackle a crisis that is driving up inflation, forcing industries to shut production and hiking bills ahead of winter. STAR PERFORMER MSE FTSE 100 EUR EXCHANGE RATES Trading Date: 14 Sep 2022 Number of Trades: 69 Turnover: € 570,176.48 MSE TRX Index: 7,761.49 (Change: +0.598%) Name: 4% IHI PLC SEC MT0000111303 - Currency € Last Traded: 14 Sep 2022 Price 101.290 Change +1.280 US Dollar 1.0217 British Pound: 0.85227 Japanese Yen: 141.16 Australian Dollar: 1.4814 Swiss Franc: 0.99322 7,470.22 -17.89 7,488.12 / 7,410.40 Value Net variation High / Low -0.24% In her State of the Union address, Von der Leyen made a passionate case for a stronger and closer union emerging from the overlapping crises European Commission President Ursula von der Leyen

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