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Energy Crisis Fallout: How Bad Will the German Recession Be?

The first German companies have begun throwing in the towel and consumption is collapsing in response to the fallout from exploding energy prices. The economy is sliding almost uncontrolled into a crisis that could permanently weaken the country.

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Berlin tops up aid for hard-hit households

Germany's coalition government announced on Sunday a 65 billion euro ($65 billion) financial relief package to help households cope with the soaring inflation driven largely by runaway energy prices.

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Sweden, Finland Step in to Avert Lehman-Like Situation for Power Companies

STOCKHOLM/HELSINKI Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity guarantees to power companies .

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EU races to help industry as Russian gas halt rattles markets | Hellenic Shipping News Worldwide

EU races to help industry as Russian gas halt rattles markets | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Russia blames Western sanctions for indefinitely cutting off Nord Stream gas

The Kremlin said on Monday the west was to blame for Gazprom halting gas deliveries to Germany via the Nord Stream pipeline, pointing the finger at economic sanctions.

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