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The Latest Breaking News from Robert Habeck

Economic outlook has 'darkened', business and government leaders warn in Davos

Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession.

Reuters

Hungary must work with EU on Russian oil embargo - German economy minister

German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose an European Union-wide embargo on Russian oil imports in response to the war in Ukraine.

Reuters

Jordan, Germany to Host Middle East and North Africa-Europe Future Energy Dialogue

Jordan’s Energy and Mineral Resources Minister Saleh Kharabsheh and German Federal Minister for Economic Affairs and Climate Action Robert Habeck on Saturday announced intensifying cooperation between the two governments in the field of energy policy under the Jordanian-German energy partnership program. The two countries are scheduled to host the Middle…

Asharq Al-Awsat

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Germany, Qatar Sign Energy Partnership Agreement

Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade in hydrogen and liquefied natural gas (LNG), as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine. The partnership deal foresees regular meetings between authorities from both countries and…

Asharq Al-Awsat

German state elections show populism in decline on left and right

Poll in most populous state, North Rhine-Westphalia, also casts doubt on support for Olaf Scholz

The Guardian - UK

Germany girds for day of reckoning in Russian gas showdown

If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier.

Tribune News Service

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

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Russia Imposes Sanctions On German Unit Of Gazprom: Bloomberg

Russia has cut natural gas supplies to a unit of Gazprom PJSC (OTC: OGZPY) seized by Germany in retaliation for western penalties over the war in Ukraine.

Benzinga

‘A second Afghanistan’: Doubts over Russia’s war prosecution

Russia’s lack of progress in its war against Ukraine has been noted by analysts since it launched a second phase.

Al Jazeera

EU prepares oil sanctions against Russia as Hungary resists ban

Slovakia is also seeking an exemption against approving a ban on Russian oil

The Independent UK

More than a million Ukrainians taken to Russia in past two months

Around 11,550 people were taken to Russia from Ukraine in the last 24 hours

The Independent UK

EU faces crunch point over Russia’s gas payment demands

As deadline loom, Brussels commissioner says handing over roubles would breach sanctions

The Guardian - UK

Germany Drops Opposition to Russian Oil Ban, Ministers Say

Two senior ministers in Chancellor Olaf Scholz's government on Monday said Germany would be ready to back an immediate European Union ban on Russian oil imports, and that Europe's biggest economy could weather shortages and price hikes. The comments by Finance Minister Christian Lindner and Economy Minister Robert Habeck are…

Asharq Al-Awsat

Berlin bathers brave cold to help cut Russian gas dependence

Swimmers at Berlin’s outdoor pools need to brace themselves for chillier water this summer

The Independent UK

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Reuters

Germany drops opposition to Russian oil ban, ministers say

Asharq Al-Awsat

Germany: Quitting Russian Oil by Late Summer Is ‘Realistic’

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of Russian crude oil imports by late summer. Economy and Climate Minister Robert Habeck said Sunday that Europe’s largest economy has reduced the share of Russian energy imports to 12% for oil,…

The Independent UK

Germany: Quitting Russian oil by late summer is 'realistic'

Germany says it’s making progress on weaning itself off Russian fossil fuels and expects to be fully independent of crude oil imports from Russia by late summer

InsideEVs

German VC Lauds Tesla's Speed In Talks About Curbing Russian Gas Reliance

A German vice-chancellor recently said Germany needs to revamp its energy systems "at Tesla Speed." Now, he's lighting a fire among German officials and companies.

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Evening Standard

Germany caves to EU pressure over Russian oil ban

Germany has said it “won’t stand in the way” of an EU ban on Russian oil imports despite resisting the move for weeks over economic fears.

Financial Times

‘Worst crisis since the second world war’: Germany prepares for a Russian gas embargo

Industry and economists say a ban would be catastrophic for the country’s economy, but many companies expect it to happen anyway

The Guardian - US

Russia warns US of repercussions if it sends more arms to Ukraine – reports

Diplomatic note talks of ‘unpredictable consequences’ as US readies $800m of military hardware

Reuters

Germans should save energy to put pressure on Russia, says minister

Germans should start saving energy now to become more independent from Russian fossil fuels, Economy Minister Robert Habeck said, as Europe's top economy looks for ways to cut gas and oil imports from Moscow in response to the war in Ukraine.

Reuters

Rheinmetall ready to supply up to 50 tanks to Ukraine - newspaper

Military equipment maker Rheinmetall is preparing to supply up to 50 used Leopard 1 battle tanks to Ukraine, the Handelsblatt newspaper reported on Monday, citing the group's CEO.

The Guardian - UK

‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

The Independent UK

Germany presents package of measures to boost energy goals

The German government presented a major package of reforms Wednesday to boost the construction of renewable power as part of its efforts to meet its climate goals and become independent of energy imports from hostile nations such as Russia

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