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Joerg Kraemer - 1 “ - 1 ” - 1 Anja - 1 GDL - 1 Claus Weselsky - 1 Tesla - 1 Michael Groemling - 1
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Search resuls for: "Michael Groemling"


3 mentions found


☆ A six-day train strike is the last thing the German economy needs
  + stars: | 2024-01-24 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +4 min
London CNN —Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday, which will further strain crucial supply chains and deal a new blow to the sputtering economy. The state-owned rail operator said the action would cause “massive disruptions” to long-distance, regional and city commuter services until Monday. That was a major drag on the economy overall, with gross domestic product falling 0.3% in 2023, likely the weakest performance among Europe’s big countries. The strike represents “a major logistical challenge” for the chemical and pharmaceutical sector, the German Chemicals Industry Association told CNN. Germany’s supply chains are already struggling because of attacks on ships in the Red Sea.
Persons: Joerg Kraemer, “, ”, Anja, GDL, Claus Weselsky, Tesla, Michael Groemling, Chris Stern Organizations: London CNN —, Germany’s, Deutsche Bahn, Freight, Deutsche Bahn’s, German Chemicals Industry Association, CNN, German Association of, Automotive Industry, Tuesday Deutsche Bahn, Cologne Institute, Economic Research Locations: London CNN — Germany, Germany, Germany’s, “, Red, Berlin
☆ Nearly three in five German industry associations foresee gloomy 2023
  + stars: | 2022-12-27 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Dec 27 (Reuters) - Nearly three out of five German industry associations are pessimistic about next year and expect their companies to produce less as high energy prices due to the war in Ukraine show no signs of abating, found a survey published Tuesday. Of the 49 associations surveyed by the IW economic institute, 30 said they expect their members to produce less, while 13 said they expect their sectors to produce more. Nearly 40 associations said the current situation for their companies is worse than a year ago, when many assumed that the worst of the coronavirus pandemic had been mostly overcome. "Businesses do not expect the high energy prices to fall back to pre-crisis levels in the foreseeable future. He warned that the situation for energy-intensive firms was particularly precarious and their success is tied to affordable energy.
☆ Germany's half-a-trillion dollar energy bazooka may not be enough
  + stars: | 2022-12-15 | by ( Christoph Steitz | ) www.reuters.com   time to read: +8 min
Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. The money set aside stands at up to 440 billion euros ($465 billion), according to the calculations, which provide the first combined tally of all of Germany's drives aimed at avoiding running out of power and securing new sources of energy. That equates to about 1.5 billion euros a day since Russia invaded Ukraine on Feb. 24. Energy rationing is a risk in the event of a long cold spell this winter, Germany's first in half a century without Russian gas. There's no security in sight either, with the push to build up of two alternatives to Russian fuel - liquefied natural gas (LNG) and renewables - years away from targeted levels.
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