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Tag: Germany

Germany takes control of 3 Russian-owned oil refineries
Politics

Germany takes control of 3 Russian-owned oil refineries

Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.Two subsidiaries of Russian oil giant Rosneft — Rosneft Deutschland GmbH and RN Refining & Marketing GmbH — will be put under the administration of Germany's Federal Network Agency, the economy ministry said in a statement.As a result, the agency will also control the companies' shares in the refineries PCK Schwedt, MiRo and Bayernoil, located in the east and south of Germany. "This is a far-reaching energy policy decision to protect our country," German Chancellor Olaf Scholz said. "We've long known that Russia isn't a reliable supplier of energy anymore.""...
Ukraine War Must Be Won, Russia Held Accountable
News

Ukraine War Must Be Won, Russia Held Accountable

(Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Friday said Ukraine must win the war against Russia and that Russia must be held accountable for the conflict.Pelosi was speaking at a Group of Seven (G7) countries meeting in Berlin. She is due to travel to Armenia on the weekend amid another flare-up in hostilities between Armenia and Azerbaijan over the territory of Nagorno-Karabakh.(Reporting by Matthias Williams, Editing by Miranda Murray)Copyright 2022 Thomson Reuters.Political Cartoons on World Leaders Source link
Germany’s Chancellor to visit Canada, discuss partnership opportunities: PMO – National
Global News

Germany’s Chancellor to visit Canada, discuss partnership opportunities: PMO – National

The Chancellor of Germany, Olaf Scholz, will visit Montréal, Toronto and Stephenville, Newfoundland and Labrador, from Aug. 21 to 23 in an effort to “strengthen the relationship and create jobs”, according to a statement from the prime minister’s office released Saturday. During the visit, Prime Minister Justin Trudeau said he and Scholz will be addressing the global impact of Russia’s invasion of Ukraine and discuss ways the two countries can work together to accelerate the global transition to clean energy, through the use of “clean hydrogen and critical minerals.” Read more: Trudeau and family head to Costa Rica for 2-week vacation “Germany and Canada are close friends on the world stage. We are tied by our shared commitments to democracy, peace and secur...
European Shares Dip as U.S. Inflation Data Looms; Ahold Jumps
News

European Shares Dip as U.S. Inflation Data Looms; Ahold Jumps

(Reuters) -European shares edged lower on Wednesday on losses in technology stocks ahead of key inflation data from the United States, while gains in supermarket major Ahold Delhaize kept declines in check.The pan-European STOXX 600 index dipped 0.1%, tracking a second straight session of losses after a strong start to the week.A higher-than-expected U.S. Consumer Price Index report for July could spook markets after a surprisingly robust hiring report last week. Markets are expecting a high chance of a 75 basis point interest rate hike by the Federal Reserve next month as the U.S. central bank remains focused on taming decades-high inflation."Markets seem to be going into today's all-important U.S. CPI a little on the apprehensive side," Deutsche Bank strategist Jim Reid wrote."It's ce...