Tag Archives: energy crisis

Germany has no plans to back a joint European Union debt issuance according to a government source. This statement comes to reject prior news from the European session, so, according to the source, Germany does not support joint EU debt to encounter the looming energy crisis.The government source told Reuters …

On Monday, Germany greed to support joint EU debt in order to encounter the continent’s energy crisis. Last Tuesday, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton called for joint borrowing to finance the necessary response to the energy crisis in the Eurozone.German Finance Minister Christian Lindner, …

German Finance Minister Christian Lindner defended his country’s 200 billion euro defense shield to fund energy relief. Lindner also rejected calls for joint European Union debt, in comments to broadcaster ZDF on Tuesday.“Joint debt does not help us in the long run to strengthen competitiveness or with the sustainable finances …

The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …

The dollar rose slightly against the yen on Thursday after data showed a more-than-expected recovery in US retail sales in August, while the Swiss franc reached its highest level against the euro since 2015. Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data …

On Wednesday, the European Commission is expected to announce targets to cut electricity consumption and a revenue cap for non-gas fueled plants. Energy ministers will hold an emergency meeting on Sept. 30 to discuss them. Germany will inaugurate lending to energy firms that are at risk of being crushed by …

Beginning on Sept. 21, the Eiffel Tower, which is usually illuminated in golden hues within less than 10 minutes of nightfall and has an hourly 5-minute show of dazzling sparkles until 1 a.m., will have its lights turned off beginning at 11:45 p.m., when visiting time has ended. The nightly …

With a new trading week, geopolitics could impact financial markets on two fronts, firstly; on the Chinese front, US President Biden is pondering an executive order to screen and restrict US overseas investment in technology development in China. The Chinese embassy in Washington said, Friday, that Beijing opposes the order, …

Belgian Prime Minister Alexander De Croo warned that Europe is in need to immediately act to address the energy crisis or risk the kind of fundamental economic shutdown that the bloc would struggle to recover from.“A few weeks like this and the European economy will just go into a full …

On Wednesday, EU’s Ursula von der Leyen proposed that the bloc cap the price of Russian-imported gas, among other measures, as the member states are forced to deal with a worsening energy crisis while seeking to punish Moscow for invading Ukraine.Facing a cut-off of Russian oil and natural gas as …