Tag: EU

Unexpected partnership of Rivian and Mercedes?

Rivian and Mercedes are planning to cooperate in a common factory in Central or Eastern Europe. Together they want to produce electric vans.
Germany plans a €65 billion aid package Audio article

Germany plans a €65 billion aid package

Germany wants to relieve residents and businesses from soaring inflation and high energy prices with another €65 billion package.

Hungarian central bank raises interest rate by 1%

It did so in an effort to curb inflation and support the domestic currency. At the same time, other measures are being introduced.
Electricity prices on the German stock exchange fall
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Electricity prices on the German stock exchange fall

The price of electricity on the German stock exchange is falling amid signs that the EU is stepping up efforts to ease the energy crisis.
Germany fills gas storage tanks above the plan
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Germany fills gas storage tanks above the plan

It is more than 82% full. This gives hope to German industry and households that there might not be an acute gas shortage in winter.
Europe’s fertilizer situation is worsening
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Europe’s fertilizer situation is worsening

Fertilizer production is heavily dependent on gas. It is now scarce and expensive, so the situation for fertilizer production is worsening.
Spain plans new gas pipeline link with France
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Spain plans new gas pipeline link with France

This new link could be operational as early as next spring. It depends on how they reach an agreement with France and other countries.

Orange and MasMovil combine efforts in Spain

The companies have signed an agreement to merge their operations in Spain, with the value of the combined entity approaching $19 billion.

German government will take a 30% stake in Uniper

This is done to prevent the company from going bankrupt. At the same time, Uniper received a large financial injection.

EU approves regulatory measures to tame the crypto industry

After years of debating, European Union broke down rules and regulations on the crypto industry, including anti money laundering rules.