Ukraine to raise taxes to finance war against Russia

Tax increases now under discussion in the parliament in Kiev are essential if Ukraine is to repel the Russian invasion launched in 2022, Finance Minister Serhiy Marchenko said on Friday. “Tax increases in Ukraine are a necessary step,” the minister sai…

Germany’s Schaeffler appoints new financial executive

German maker of industrial rolling element bearings Schaeffler AG has a new financial executive. Schaeffler announced on Friday that it has appointed Christophe Hannequin as chief financial officer, effective October 1, 2025. He will succeed Claus Baue…