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Dixit Joshi: the new Credit Suisse CFO facing a daunting challenge

German coalition, beset by crises, could get more fractious after vote

By Sarah Marsh BERLIN (Reuters) - German Chancellor Olaf Scholz s faced the prospect of a more divided government after one of his coalition partners vowed to assert itself more strongly following a drubbing in a state election. Scholz had little time to rejoice over his Social Democrats (SPD) winning the vote in the state of Lower Saxony on Sunday given the poor performance of the Free Democrats (FDP), who failed to reach the 5% threshold to enter parliament. The pro-business, fiscally-hawish FDP, which has suffered a series of poor results in state elections this year, blamed in part its participation in the national administration. The party, which is now polling 6%-8% at national level, down from the 11.5% it scored in the federal election last year, is not a natural ideological fit with the SPD and Greens, and their so-called traffic light coalition was unprecedented. While the coalition is not expected to collapse any time soon, it could get more fractious, making it even harder

UK still aiming to ditch EU laws by end of 2023 - PM s spokesperson

BIRMINGHAM, England (Reuters) - Britain still aims to ditch legislation it has retained from when it was in the European Union by the end of 2023, Prime Minister Liz Truss s press secretary said, clarifying remarks from her Conservative party conference speech on Wednesday. Asked if target for ditching remaining EU law had been brought forward after Truss said by the end of the year, all EU-inspired red tape will be history, her press secretary said it s 2023. (Reporting by Alistair Smout. Editing by Andrew MacAskill)

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