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The Latest Breaking News from Robert Habeck

Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

Reuters

Russia-Ukraine war latest: what we know on day 210 of the invasion

Putin threatens use of nuclear weapons as he announces partial mobilisation in Russia; World leaders condemn intention by Moscow-held regions of Ukraine to vote on annexation by Russia

The Guardian - UK

Russia's mobilisation is escalation of conflict - Germany's vice chancellor

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.

Reuters

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Europe turns on China

Once skeptical of America's sharp rhetoric against China, the EU is now on board.

Axios

Recession fears shake Germany as energy costs hit business

Olaf Scholz travels to UAE to secure gas supplies amid concern that crisis is out of control

The Guardian - UK

Germany working on nationalisation of three major gas companies in historic bid

GERMANY is reportedly in advanced talks to nationalise three large gas importers in a bid to prevent the collapse of its energy market.

The National (Scotland)

G7 nations to take tougher line on trade with China

Germany’s economy minister says the Group of Seven major economies have agreed to take a tougher, more coordinated stance toward China when it comes to trade

The Independent UK

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German economy minister sees possible victory for democracy in Ukraine

German Economy Minister Robert Habeck said on Thursday he could see the possibility of victory for democracy in Ukraine and vowed to send more weapons as the country battles to extend its territorial gains against Russia.

Reuters

German economy minister: Ukraine says it needs 350 billion dollar for reconstruction

German Economy Minister Robert Habeck said on Thursday Ukraine needs 350 billion dollars for reconstruction, according to Kyiv's own estimates.

Reuters

Gas importer Uniper in nationalisation talks with German government

Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues

The Guardian - UK

Exclusive-Germany drawing up new China trade policy, vows 'no more naivety'

Germany's economy minister said on Tuesday the government was working on a new trade policy with China to reduce dependence on Chinese raw materials, batteries and semiconductors, promising "no more naivety" in trade dealings with Beijing.

Reuters

Can Germany’s economy minister keep the lights on this winter?

Memories of postwar squalor revived by Vladimir Putin’s shutting down of Nord Stream 1 pipeline

The Guardian - UK

Germany to extend energy subsidies to smaller firms amid closure fears

Economy minister says ‘demand shock’ must be addressed, as economists raise fears of recession

The Guardian - UK

Operator doubts German plan to keep nuclear plants on standby

Germany plans to delay closure of two nuclear power plants amid disruption to Russian gas deliveries to Europe.

Al Jazeera

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Reuters

German economy minister under fire as German companies sound alarm on energy prices

German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.

The Guardian - UK

German chancellor rejects calls to reverse nuclear power plant closures

Olaf Scholz says country has enough energy to get through winter after Russia cut gas supplies

Reuters

Factbox-Hurdles for Germany's planned nuclear winter reserve

Germany wants to keep two southern nuclear plants, Isar 2 and Neckarwestheim 2 open in reserve mode beyond their scheduled closure at the end of 2022, to help avoid potential energy shortages in a winter when most Russian gas supply has dried up.

Tribune News Service

Germany keeps its nuclear plants alive as EU seeks crisis fixes

Germany moved to keep two nuclear plants available this winter in a policy reversal, as European leaders scrambled for emergency fixes to the deepening energy crisis.

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The Guardian - UK

Germany to delay phase-out of nuclear plants to shore up energy security

Last two working plants were due to be mothballed, but will be used as emergency reserve into 2023 after Russia cuts off gas

The Guardian - UK

German civil servants investigated over ‘spying for Russia’

Officials linked to energy supply suspected of trying to obstruct economic policies, reports Die Zeit

The Guardian - UK

Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape

Price of gas for delivery on Friday drops 21% from Wednesday night’s price of 405p per therm to 320p

The Guardian - UK

Wholesale gas prices tumble as Europe prepares to intervene in energy markets

European Commission says it is working ‘flat out’ on emergency intervention and on longer-term structural reform

Reuters

Zelenskiy blames Russia as Europe counts cost of gas crisis

Ukraine's President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe's energy crisis spiralled with Germany on the hook for at least 19 billion euros to bail out its biggest importer of Russian gas.

Reuters

Germany's gas storage facilities filling up faster than planned - Econ Minister

Germany's gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe's biggest economy could avoid acute gas shortages this winter.

The Guardian - UK

German ministers under pressure to scrap gas levy after anger over profits

Government to review aid package as energy companies who seek share of surcharge post-billion-euro earnings

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