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Tag: Germany

Europe’s Generic Drugmakers May Cut Output Due to Surging Energy Bills
FRANKFURT (Reuters) — Europe's drug makers have warned they may stop making some cheap generic medicines because of surging electricity costs and are calling for an overhaul of the way they are priced, the latest...
Germany Nationalizes Gas Importer Uniper
BERLIN — Germany has agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, the three parties involved said on Wednesday, Sept. 21. According to...
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Europe Races to Prepare for Energy Crunch This Winter
Germany was pressing on Monday to secure liquefied natural gas (LNG) contracts with Gulf producers and other European states and outlined measures to conserve energy, with Russian flows running at severely reduced levels as winter...
Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares
BERLIN/ZURICH — Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%, Kuehne Holding said on Wednesday, Sept. 14 after the German government sold all its remaining shares in the airline. "This underlines...
Germany, EU Race to Fix Energy Crisis
BERLIN/FRANKFURT — Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said on Tuesday, Sept. 13, as Europe readied proposals to help households and industry cope...
Germany Keeps Two Nuclear Reactors on Standby to Weather Gas Crisis
Germany plans to keep two of its three remaining nuclear power stations on standby, beyond a year-end deadline to ditch the fuel altogether, to ensure it has enough electricity through the winter as it faces...
German Economy Minister: ‘Bitter Reality’ is Russia Will Not Resume Gas Supply
Germany faces the "bitter reality" that Russia will not restore gas supplies to the country, the German economy minister said on Monday (August 29) ahead of the planned stoppage by state energy giant Gazprom of...
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Russia Burning Off Massive Amounts of Natural Gas Believed to Originally Be Destined for Germany
As Germany grapples with an energy crisis — due in large part to the country’s desire to curb its dependence on natural gas from Russia — Russia appears to be burning off millions of cubic...
The German Army is set to patrol streets alongside law enforcement starting Oct. 1.
Germany May Have the Army Patrolling Streets Starting in October
The German army will assist law enforcement starting Oct. 1, possibly resulting in platoons patrolling the streets and coinciding with the return of mask mandates — for the unvaccinated only. “The Russian invasion of Ukraine...
Leaders at G7 Summit Take Aim at China’s Belt & Road and Ongoing Russia-Ukraine War
This year’s G7 summit has seen European Union (EU) leaders from France, Germany and Italy join forces with usual allies Canada, Japan, the United Kingdom, and the United States in a three-day event starting on...
Taiwan Moves to Fill Chinese-language Instruction Gap Left by Beijing’s ‘Confucius Institutes’ in Europe
As authorities and society grow wary of the Chinese Communist Party’s (CCP) influence in Europe, Taiwanese — rather than mainland — options for the study of Mandarin Chinese have begun to gain ground.  The centers, spearheaded...
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Germany Borrows 40 Billion Euros to Combat Fallout From the War in Ukraine
On Wednesday, April 27, the German government approved a budget adjustment green-lighting an additional 39.2 billion euros ($41.24 billion) in borrowing as a means to mitigate the economic repercussions caused by the war in Ukraine. ...