FRANKFURT/DUESSELDORF—Soon-to-be-nationalized gas importer Uniper reported a record 40 billion euro ($39.3 billion) net loss in the first nine months of this year, the biggest in German corporate history, after Russia stopped its supplies. The loss further highlights how Russia’s decision to sever a decade-long supply relationship with Europe, most notably Germany, is impacting the continent’s…
‘Massive Scars’: Germany’s Uniper Posts Record 40 Billion Euro Net Loss
November 3, 2022
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Europe Burns Cash to Help Businesses in Deepening Energy Crisis
September 22, 2022
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BERLIN/LONDON—Germany nationalized gas importer Uniper on Wednesday and Britain said it would halve energy bills for businesses in response to a deepening energy crisis that has exposed Europe’s reliance on Russian fuel. Russian President Vladimir Putin added to the upward pressure on energy prices by announcing a partial military mobilization, in the biggest escalation of…
Germany Nationalizes Biggest Gas Importer Uniper to Avert Collapse of Energy Sector
September 22, 2022
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Germany nationalized Uniper, its largest utility company and importer of natural gas, on Sept. 21, in a move to keep its domestic energy industry afloat and to avert a collapse of the energy sector. The government in Berlin had earlier bailed out its largest gas importer in July with a $14.95 billion rescue loan, in…
LIVE NOW: Fed Raises Interest Rates by 0.75 Percent, 3rd Time in a Row; Germany Buys Out Energy Giant | NTD Business
The Federal Reserve is sending a message as it raises interest rates again: Get ready for economic pain. The New York attorney general sues former President Donald Trump and his company. She claims they have engaged in years of financial fraud. Germany has nationalized energy giant Uniper. The firm is now fully under government control. Are…
Fed Raises Interest Rates by 0.75 Percent, 3rd Time in a Row; Germany Buys Out Energy Giant | NTD Business
The Federal Reserve is sending a message as it raises interest rates again: Get ready for economic pain. The New York attorney general sues former President Donald Trump and his company. She claims they have engaged in years of financial fraud. Germany has nationalized energy giant Uniper. The firm is now fully under government control. Are…
Pummeled by Gas Crisis, Germany’s Uniper Posts $12.5 Billion Net Loss
August 17, 2022
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FRANKFURT/DUESSELDORF—Uniper, the highest-profile corporate victim of Europe’s energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a “pawn” in the energy standoff between the European Union and Moscow. Germany’s largest importer of Russian gas needed a 15 billion euro government bailout last…
Germany’s Uniper Gets 15 Billion Euro State Bailout to Avert Collapse
FRANKFURT/HELSINKI/BERLIN—The German government stepped in to rescue Uniper with a 15 billion euro ($15.28 billion) bailout on Friday after the gas importer became the biggest casualty of Europe’s energy standoff with Russia so far. Under a bailout that is among the biggest in German corporate history, the government will take a 30 percent stake in…
German Imports Exceeded Exports in 2021 Trade With Russia: Stats Office
BERLIN— German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In the prior year, Germany had attained its first export surplus with Russia since 1993, the office added. The trade data highlight Germany’s reliance for energy on…
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