Consumers should continue efforts to conserve energy ahead of next winter, according to the national utilities regulator German businesses and households may need to further slash their natural gas consumption to avoid an energy crunch next winter, Klaus Mueller, the head of Germany’s Federal Network Agency, has warned. In an interview with the Financial Times … Read more
Washington has denied claims its warship was ‘expelled’ and says it will continue to sail in the region China claims it monitored and “warned off” a US Navy destroyer, after detecting it near the Paracel Islands in the South China Sea on Thursday. This comes as tensions between Beijing and Washington in the region continue … Read more
Consumer prices will continue to rise well into the next year amid global uncertainty, an economic advisory council has said The German Council of Economic Experts (GCEE) has warned that inflation in the country could remain high for longer than expected, or even accelerate if monetary policy measures are offset by risks in financial markets. … Read more
The era of cheap energy from Russia is over, the head of Germany’s utilities regulator has said Germany has managed to avoid an energy crisis this year, but there is a risk that the next heating season will be more difficult, Klaus Mueller, the head of Germany’s Federal Network Agency said in an interview with … Read more
After four days of destructive wind and rain, local communities and relief workers are now confronting the aftermath of Cyclone Freddy which has killed more than 250 people and displaced tens of thousands of others across Malawi and Mozambique and may still cause further damage. Cyclone Freddy dissipated over land late Wednesday, but weather monitoring … Read more
Several regional banks could get a credit rating downgrade, Moody's warned, after SVB's collapse revealed cracks in the system Source link