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Olaf Scholz - 1 Fabrizio Bensch BERLIN - 1 Scholz - 1 Uniper - 1 Matthias Williams - 1 Miranda Murray - 1 Andreas Rinke - 1 Kirsti - 1
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13 mentions found


☆ German investor morale less pessimistic than expected - ZEW
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
Summary Analyst: gas price brake stabilised sentimentCurrent conditions index takes sharp tumbleOutlook has deteriorated again - ZEW presidentBERLIN, Oct 18 (Reuters) - German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said on Tuesday its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September, beating a forecast by analysts polled by Reuters of a reading of -65.7. In contrast, the institute's current conditions index fell by 11.7 points in October to a reading of -72.2. In its forecast released this month, the German government foresees economic growth of 1.4% this year and contraction of 0.4% next year. ZEW's indicators for euro zone sentiment and assessment of the current conditions mirrored Germany's, with sentiment up slightly in October and the situation indicator falling sharply.
☆ Sweden shuns formal joint investigation of Nord Stream leak, citing national security
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
Mats Ljungqvist, the prosecutor involved in Sweden's criminal investigation into the Nord Stream leaks in the Swedish economic zone, said Sweden was already co-operating with Denmark and Germany on the matter. He said Sweden had rejected the proposal for a Joint Investigation Team (JIT) from judicial co-operation agency Eurojust because a such a joint investigation would include legal agreements under which Sweden would have to share information from its own investigation that it deemed confidential. He made his comment after a report in German weekly Der Spiegel on Friday that Sweden had rejected plans for a joint investigation with Denmark and Germany, citing German security sources. A Swedish Security Services spokesperson said the security police were co-operating closely with other authorities, also internationally, as part of the Swedish criminal investigation. German TV programme Tagesschau on German public broadcaster ARD said that Denmark, too, had turned down setting up a joint investigation team.
☆ Volkswagen to invest up to 2 bln euros in JV with China's Horizon Robotics - reports
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid/File PhotoBERLIN, Oct 12 (Reuters) - Volkswagen (VOWG_p.DE) plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China's Horizon Robotics, Handelsblatt and Manager Magazin reported on Wednesday. Reuters reported earlier that VW planned a significant investment in a joint venture in the country for software production. It operates numerous joint ventures in China, holding a 75% stake in its venture with JAC (600418.SS), a 50% stake with SAIC (600104.SS) and 40% with FAW (SASACJ.UL). ($1 = 1.0304 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirsti Knolle, Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
☆ Germany to deliver air defence system to Ukraine within days -defence ministry
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Oct 10 (Reuters) - Germany will deliver the first of four IRIS-T SLM air defence systems to Ukraine within days, German Defence Minister Christine Lambrecht said on Monday. "The renewed missile fire on Kyiv and the many other cities show how important it is to supply Ukraine with air defence systems quickly," Lambrecht said in a statement. "Russia's attacks with missiles and drones terrorize the civilian population in particular. That is why we are now providing support especially with air defence weapons." read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Kirsti Knolle, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
☆ Siemens Energy CEO eyes chairman role at Gamesa - Handelsblatt
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Oct 10 (Reuters) - Siemens Energy Chief Executive Christian Bruch is planning to take on the role of chairman of the board of directors at Siemens Gamesa once the takeover of the Spanish wind turbine maker has been completed, Handelsblatt reported, citing company sources. A Siemens Energy (ENR1n.DE) spokesperson declined to comment. Siemens Energy in May announced plans to bid 4.05 billion euros ($3.93 billion) for the remaining third of Siemens Gamesa (SGREN.MC) it does not already own, hoping to get a better handle on ongoing problems at the wind turbine maker. Register now for FREE unlimited access to Reuters.com RegisterIt is not uncommon for CEOs to take on the position of chairman at majority-owned subsidiaries that are listed on the stock exchange. ($1 = 1.0309 euros)Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More and Christoph Steitz, editing by Kirsti Knolle and Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
☆ Porsche AG shares debut at 84 euros
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: 1 min
The opening bell is displayed under a logo of German car manufacturer Porsche prior to Porsche's IPO at the stock exchange in Frankfurt, Germany, September 29, 2022. REUTERS/Kai PfaffenbachBERLIN, Sept 29 (Reuters) - Porsche AG shares debuted at 84 euros ($81.15) on the stock market on Thursday in Germany's biggest initial public offering (IPO) in more than 25 years. Books closed on Wednesday with a final price of 82.50 euros, the carmaker said, at the top end of the 76.50-82.50 euro range it announced earlier this month. Based on that issue price, Porsche AG has a market capitalization of 75 billion euros. read more($1 = 1.0351 euros)Register now for FREE unlimited access to Reuters.com RegisterWriting by Miranda Murray, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
☆ Germany agrees 200 bln euro package to shield against surging energy prices
  + stars: | 2022-09-29 | by ( Holger Hansen | ) www.reuters.com   time to read: +2 min
REUTERS/Lisi NiesnerBERLIN, Sept 29 (Reuters) - German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield" on Thursday to protect companies and consumers against the impact of soaring energy prices. Europe's biggest economy is trying to cope with surging gas and electricity costs caused largely by a collapse in Russian gas supplies to Europe, which Moscow has blamed on Western sanctions following its invasion of Ukraine in February. To this end, we are setting up a large defensive shield," said Scholz, outlining the package. Finance Minister Christian Lindner has previously said he wants to comply with the limit next year. However, the need for the levy came into question after the government's decision to nationalise Uniper (UN01.DE), Germany's biggest Russian gas importer.
☆ Pfizer applies to Swissmedic for authorisation of another COVID-19 vaccine
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterPeople pose with syringe with needle in front of displayed Pfizer logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/IllustrationBERLIN, Sept 22 (Reuters) - Pfizer said on Thursday it had submitted an application to Swissmedic for authorisation of a further bivalent COVID-19 vaccine. The ready-to-use dispersion for injection contained both messenger RNA (mRNA) from the original Pfizer/BioNTech COVID-19 vaccine and mRNA coding for the spike protein of Omicron variants BA.4 and BA.5, Pfizer said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirsti Knolle Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.
☆ Germany nationalises Uniper as energy crisis with Russia deepens
  + stars: | 2022-09-21 | by ( Kirsti Knolle Essi Lehto | Kirsti Knolle | Essi Lehto | ) www.reuters.com   time to read: +4 min
Genreal view of electricity pylons and power lines leading from the Uniper coal power plant in Hanau, Germany, early morning November 23, 2016. Alongside surging European gas prices, crude oil jumped more than 2% on Wednesday after Putin announced the partial military mobilisation, escalating the war in Ukraine and raising concerns of even tighter global energy supplies. read moreAfter buying Fortum's stake, the German state will hold about 99% of Uniper, the economy ministry said. Eastbound gas flows via the Yamal-Europe pipeline to Poland from Germany were halted on Wednesday, while Russian supply via Ukraine held stable. read moreMoscow has said it would cut all oil and gas flows to the West if such cap was implemented.
☆ Russia's mobilisation is escalation of conflict - Germany's vice chancellor
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: 1 min
Register now for FREE unlimited access to Reuters.com RegisterGerman Economy Minister Robert Habeck attends a news conference, as Germany has agreed to nationalise Uniper by buying Fortum's stake in the gas importer, in Berlin, Germany, September 21, 2022. REUTERS/Annegret HilseBERLIN, Sept 21 (Reuters) - The partial mobilisation of troops ordered by Russia is a further escalation of the conflict in Ukraine which the German government is considering its response to, Germany's vice chancellor said on Wednesday. Robert Habeck said it was "another bad and wrong step from Russia, which of course we will discuss and consult on politically regarding how to respond." Register now for FREE unlimited access to Reuters.com RegisterReporting by Rachel More, editing by Kirsti KnnolleOur Standards: The Thomson Reuters Trust Principles.
☆ Germany nationalises gas importer Uniper
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +2 min
The Uniper logo is seen at the utility's firm headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterCompanies Fortum Oyj FollowUniper SE FollowBERLIN/HELSINKI, Sept 21 (Reuters) - Germany has agreed to nationalise Uniper (UN01.DE) by buying Fortum's (FORTUM.HE) stake in the gas importer to secure operations and keep its business going, the three parties involved said on Wednesday. Register now for FREE unlimited access to Reuters.com RegisterThe package "creates a clear ownership structure in order to secure Uniper, and thus the energy supply for companies, municipal utilities and consumers," it said. Russia cutting back natural gas supplies and last month closing the Nord Stream 1 gas pipe have led Uniper, Germany's largest gas importer, to financial dire straits, triggering a rescue package with Berlin which was agreed in July. ($1 = 1.0075 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Essi Lehto, Anne Kauranen, Kirsti Knolle editing by Stine Jacobsen, Paul CarrelOur Standards: The Thomson Reuters Trust Principles.
☆ German gas consumers won't be left out in the cold amid Uniper bailout, says Scholz
  + stars: | 2022-07-22 | by ( ) www.reuters.com   time to read: +1 min
[1/2] German Chancellor Olaf Scholz gestures during a news conference on energy situation, at the Chancellery in Berlin, Germany, July 22, 2022. REUTERS/Fabrizio BenschBERLIN, July 22 (Reuters) - German gas consumers will not be left to shoulder higher energy costs alone, said Chancellor Olaf Scholz, who promised relief measures would be put in place to protect low-income families in tandem with a state bailout deal for utility Uniper (UN01.DE). Reforms to welfare payments and housing benefits, including the incorporation of a heating cost component, will come next year, said Scholz at a news conference in Berlin. Details will be discussed with employers associations and trade unions representatives in mid-September, Scholz said. Reporting by Matthias Williams, Miranda Murray and Andreas Rinke, writing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
Persons: Olaf Scholz, Fabrizio Bensch BERLIN, Scholz, Uniper, Matthias Williams, Miranda Murray, Andreas Rinke, Kirsti Organizations: REUTERS, Thomson Locations: Berlin, Germany
☆ Hundreds of flights cancelled in Germany as security staff strike over pay
  + stars: | 2022-03-14 | by ( ) www.reuters.com   time to read: +2 min
The walkout by security staff has resulted in a high three-digit number of flight cancellations, German airports association ADV said. Some 160 of them were at Duesseldorf airport, accounting for more than half of the planned 290 departures and arrivals, the airport said. At Cologne/Bonn, 94 out of 136 flights were called off, and Berlin airport's website also showed many cancelled flights. Tuesday's walkout will hit Germany's busiest airport, Frankfurt, which handled around 2.1 million passengers last month. Labour union Verdi is demanding that employers raise the wages of airport security staff by at least 1 euro an hour for the next 12 months and that staff in different parts of Germany earn the same.
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