Kamil Kowalcze

Berlin, Germany

News Reporter at Bloomberg News

Bloomberg News Reporter | covering German Finance and Economy Ministry | based in Berlin @business

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Articles

Bessent Wins G-7 Partner Plaudits in First Conference Abroad

2 weeks ago | bloomberg.com | Daniel Flatley |William Horobin |Erik Hertzberg |Kamil Kowalcze

US Treasury Secretary Scott Bessent, center, during the G7 meeting in Banff, Alberta, Canada, on May 21. (Bloomberg) -- US Treasury Secretary Scott Bessent kept a low public profile during this week’s gathering of finance chiefs of the world’s top industrialized nations. But he made a noted impact privately, people involved in the Group of Seven gathering said.
ECB Must Stay Cautious Despite Inflation Nearing 2%, Nagel Says

2 weeks ago | bloomberg.com | Kamil Kowalcze

Joachim Nagel(Bloomberg) -- The European Central Bank must remain vigilant, despite almost having returned inflation to 2%, Governing Council member Joachim Nagel said. The Bundesbank chief said Thursday that policymakers are only “at the beginning” of understanding the full implications of President Donald Trump’s trade policy. But after seven reductions in the deposit rate to 2.25%, he said the level of borrowing costs can no longer be considered restrictive.
Germany Says G-7 Finance Chiefs Agree Continued Ukraine Support

2 weeks ago | bloomberg.com | Kamil Kowalcze

Lars Klingbeil during the G-7 finance ministers meeting in Banff, Canada. (Bloomberg) -- Finance ministers from the Group of Seven industrialized nations have agreed to continue backing Ukraine in its defense against Russia’s invasion, German Finance Minister Lars Klingbeil said on the sidelines of a G-7 meeting in Canada.
G-7 finance ministers aim to avoid public spats with U.S. despite trade turmoil

2 weeks ago | financialpost.com | Daniel Flatley |Erik Hertzberg |Laura Kane |Kamil Kowalcze

Skip to ContentAdvertisement 1For the G-7 central bankers, the elephant in the room is possible stagflation should the trade war intensifyArticle contentWhen Germany’s Angela Merkel was photographed at the 2018 Group of Seven meeting, surrounded by others and leaning over a cross-armed Donald Trump, the image was seen as a public display of world leaders pushing back against a disruptive United States president.
G-7 Finance Ministers Aim to Avoid Public Spats With US Despite Trade Turmoil

2 weeks ago | financialpost.com | Daniel Flatley |Erik Hertzberg |Laura Kane |Kamil Kowalcze

Skip to ContentAdvertisement 1When Germany’s Angela Merkel was photographed at the 2018 Group of Seven meeting, surrounded by others and leaning over a cross-armed Donald Trump, the image was seen as a public display of world leaders pushing back against a disruptive US president.
German Chancellor Backs Finance Minister’s Critique of UniCredit

3 weeks ago | news.bloombergtax.com | Kamil Kowalcze |Michael Nienaber

The recent criticism of UniCredit coming from Finance Minister Lars Klingbeil was coordinated with the chancellery, a government spokesperson said, indicating that the new German government is united in its opposition of a potential takeover of Commerzbank AG by the Italian lender.
Merz unterstützt Klingbeil-Kritik an UniCredit-Vorgehen

3 weeks ago | bloomberg.com | Kamil Kowalcze |Michael Nienaber

Die jüngste Kritik von Finanzminister Lars Klingbeil an der UniCredit ist nach Angaben einer Regierungssprecherin mit dem Kanzleramt abgestimmt gewesen. Damit deutete sie an, dass die neue Bundesregierung geschlossen gegen eine mögliche Commerzbank-Übernahme durch das italienische Geldhaus ist.
German Chancellor Backs Finance Minister’s Critique of UniCredit

3 weeks ago | bloomberg.com | Kamil Kowalcze |Michael Nienaber

Lars Klingbeil(Bloomberg) -- The recent criticism of UniCredit coming from Finance Minister Lars Klingbeil was coordinated with the chancellery, a government spokesperson said, indicating that the new German government is united in its opposition of a potential takeover of Commerzbank AG by the Italian lender.
German Chancellor Backs Finance Minister’s Critique of UniCredit

3 weeks ago | news.bloomberglaw.com | Kamil Kowalcze |Michael Nienaber

The recent criticism of UniCredit coming from Finance Minister Lars Klingbeil was coordinated with the chancellery, a government spokesperson said, indicating that the new German government is united in its opposition of a potential takeover of Commerzbank AG by the Italian lender.
Germany Expects €33.3 Billion Less in Taxes on Weak Economy (1)

3 weeks ago | news.bloombergtax.com | Kamil Kowalcze

Germany’s federal government will reap €33.3 billion ($37.3 billion) less in tax income in the five years through 2029, as the economy’s persistently sluggish performance saps revenue. The tax take will be €600 million less than forecast this year, followed by a shortfall of €10.2 billion in 2026, according to updated estimates published Thursday in Berlin.