BERLIN—Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine, an independent research group said Thursday. A study published by the Centre for Research on Energy and Clean Air calculates that Russia has earned 63 billion euros ($66.5 billion) from fossil fuel exports since Feb. 24, the…
Japan, Germany to Deepen Security Cooperation Amid Russia-Ukraine War
Japanese Prime Minister Fumio Kishida and visiting German Chancellor Olaf Scholz agreed Thursday to establish an intergovernmental panel to boost their security cooperation amid the Russia-Ukraine war. In a joint press conference, Kishida said that both leaders reaffirmed their intention to hold intergovernmental consultations and work closely together to achieve a free and open Indo-Pacific….
US Officials Attend Agricultural Event With China Ties; Europe’s China Problem With Peter Rough
April 28, 2022
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China seeks to influence American agriculture. A roundtable hosted U.S. officials and has ties to China and Bill Gates. We break down what is going on in the heartland of America. I then speak with Peter Rough on the state of Europe-China relations. Following a virtual meeting between the European leaders and Chinese leader Xi…
Oil Prices Rally After Germany Drops Opposition to Russian Oil Embargo
Oil prices rose on Thursday in the Federal Republic of Germany, as the German government has signaled its willingness to join the other EU members in an embargo of Russian oil exports. On Thursday, Brent Crude futures rose by $2.27 to a total of $107.59 per barrel, whereas U.S. West Texas Intermediate crude rose by $3.34 to $105.36 per…
Energy Prices Bump German Inflation to Four-Decade High
BERLIN—German inflation hit its highest level in more than four decades in April, pushed higher by natural gas and mineral oil products that have significantly increased in price since Russia’s attack on Ukraine. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries (HICP), rose an annual 7.8 percent, a…
Big Business Joins Forces to Bridge Germany’s Growing Skills Gap
BERLIN—Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ages as the economy shifts to clean energy and online shopping. More than 36 major companies, ranging from auto suppliers such as Continental and Bosch to…
Germany Agrees to Send Tanks to Ukraine Amid Major Policy Reversal
The German Ministry of Defense, in a significant reversal, announced Tuesday that it would send Gepard anti-aircraft tanks to Ukraine, after Chancellor Olaf Scholz voiced strong opposition to the move. The decision to send the anti-aircraft systems to Ukraine, which has been fighting a war against Russia for the past two months, was announced by Defense…
German Economy Appears Resilient After Ukraine War Shock: Ifo Economist
Germany’s economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no sign of a recession in the first half. Supply chain problems remain a major problem for industry, with 75 percent of companies reporting problems, and three out of four retailers want to…
Bodies of 4 Residents Found at House in Eastern Germany
BERLIN—The bodies of four people have been found at a house in eastern Germany, police said Tuesday, but there was no immediate word on what events led to their deaths. The bodies of two men, ages 32 and 72, and two women, ages 34 and 69, were found late Monday evening in the city of…
Thailand’s Acquisition of Chinese Submarine Stalls as Germany Refuses to Supply Engine
Thailand’s government will look at “other options” if its plan to acquire a submarine from China fails due to Germany’s refusal to supply an engine for it, Thailand’s navy chief of staff said. The construction of the submarine had been stalled after China Shipbuilding and Offshore International Co. (CSOC), a Chinese state-owned submarine developer, was…
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