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France is making major streaming services pay up. Since the start of 2024, platforms such as Spotify, Deezer and Apple Music have been paying a streaming levy on their revenue. The country is using the proceeds to support its own music scene. The money goes directly towards productions, tours and smaller organisations within the industry. Classical music, chanson and jazz are benefiting in particular – genres that are often under pressure in the market. Around 10 million euros were raised in the first year. Less than expected, but enough to make hundreds of projects possible.
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Globally, most energy still comes from climate-damaging fossil fuels such as oil, gas and coal. At the same time, the share of renewable energy is growing, especially in the electricity sector. The EU and China are leading this expansion. Economist Nikolaus Kowall explains how far the energy transition has actually progressed and where it is gaining momentum.
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An analysis by Global Witness and the energy information service Rystad estimates that the additional profits of the 100 largest oil and gas companies reached $23 billion in the first month of the war. By the end of the year, this figure could rise to $234 billion. Five EU finance ministers are calling for a windfall tax.
Read more: Crisis Profiteers: Oil Companies Earn $30 Million per Hour from the Iran War
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Nobel Prize winner Joseph Stiglitz is concerned about increasing social inequality in the world. The gap between rich and poor is widening. To reverse the trend, he calls for the super-rich to pay a higher income tax and a wealth levy. He says introducing a special global tax rate of 70 percent for top earners “would clearly make sense.”
Read more: Nobel Prize Winner Stiglitz wants 70% tax on top incomes
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The Economy for the Common Good (ECG) is an alternative to the existing economic model of capitalism, including the pursuit of profit and constant growth. The ultimate goal is a good life for all people. The idea: the state supports companies that produce in an environmentally friendly way and pay their employees fairly. Through favorable loans and tax breaks, they receive a clear advantage and can thus operate even more successfully. Piece by piece, this could lead to a sustainable and socially just economic system.