BERLIN, March 13 (Reuters) – Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday. Under the coalition deal between Chancellor Olaf Scholz’s Social Democrats, …
German finance minister open to new oil, gas drilling in North Sea Read More »
Reuters BERLIN, March 13 (Reuters) – German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday. Under the plan, drivers would get a fixed price reduction when paying at gasoline stations and the amount would be reimbursed to filling station operators …
German finance minister plans gasoline discount – Bild Read More »
FRANKFURT, March 11 (Reuters) – Deutsche Bank (DBKGn.DE), which faced stinging criticism from some investors and politicians for its ongoing ties to Russia, said on Friday in a surprise move that it would wind down its business in the country. Deutsche joins the ranks of Goldman Sachs (GS.N) and JPMorgan Chase (JPM.N), which were the first major U.S. banks …
Deutsche Bank to wind down in Russia, reversing course after backlash Read More »
Germany’s leading coronavirus expert has expressed optimism that his country could expect a “relatively normal” winter in 2022-23 as Europe prepared to ring in the new year in muted fashion, with many countries limiting celebrations. As the highly transmissible Omicron variant fuels a record-breaking surge in Covid infections across the continent, many governments have curtailed mass public …
German optimism over Omicron as Europe dampens new year revelry Read More »
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Gold struggles to attract investors as interest rates rise Read More »
Consumer prices in Germany rose by 3.1% in 2021, according to preliminary data released by the Federal Statistical Office on Thursday. It is the highest inflation rate since 1993. Rising energy costs and supply bottlenecks largely drove the surge in the cost of living. In 2020, Germany’s average inflation was still relatively low at 0.5%. By …
Germany: Annual inflation hits highest rate since 1993 Read More »