Europe

Germany plans to wean itself off Russian energy

Chancellor Olaf Scholz has announced plans to wean Germany off its dependence on Russian energy and to reshape its future energy mix, having pledged earlier at an extraordinary session of the lower house of parliament on Sunday that “we will change course to overcome our import

Business

Euro slump continues as business confidence in Germany plummets over lockdown fears

express– The Pound is currently trading at €1.19, its highest point against the Euro since February 2020. Over the last month the Euro has declined against other major currencies due to a range of factors, from the impact of Covid to central bank policy. The Euro is faring particularly badly against the dollar with one […]

Europe

Merkel: Germany hit by full force of Covid

bbc– Germany is in the grip of a “dramatic” fourth Covid wave, Chancellor Angela Merkel has said on the eve of a crisis meeting with regional leaders. Daily infections hit a new German record of 52,826 on Wednesday as European governments responded to a surge on much of the continent. Belgium announced a series of measures […]

Europe

Coronavirus: European nations tighten restrictions ahead of Christmas

bbc– A number of European countries have tightened coronavirus restrictions ahead of Christmas following a surge of infections in recent weeks. The Netherlands has entered a five-week lockdown, with non-essential shops, theatres and gyms all closing. Germany, meanwhile, will enter a hard lockdown from Wednesday after the number of infections hit record levels. France