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The Latest Breaking News from Uniper

Nottinghamshire's only coal-fired power station to keep burning amid Ukraine war

The Government says that "back-up" supply is needed

Nottingham Post

Cost of living crisis: what are the rest of the G7 doing?

From generous one-off benefit payments to caps on rent increases, state intervention is taking shape across the G7

The Guardian - UK

US Federal Reserve fights inflation with third 0.75% rate hike

The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs. Also in the show: the German…

France 24

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Germany to nationalise embattled gas giant Uniper as energy crisis looms

The German government has agreed to nationalise the embattled gas giant Uniper, which ran into financial problems after the curtailment of Russian supplies.

The Independent UK

Germany takes over Uniper, raising rescue bill to $29 billion

Germany on Wednesday agreed to nationalise Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how much Europe's top economy has relied on Russian fuel.

Reuters

Top Financial Media Stories Wednesday, September 21: Amazon's Roomba Maker Acquisition Attracts Regulatory Attention, Binance And FTX Bid For Voyager Digital's Assets, Germany Nationalizes Gas Giant Uniper To Avert Energy Crisis And More..

Wall Street Journal

Benzinga

Power generator Uniper nationalised by German government as stabilisation measure over energy crisis

Gas-focused business with major UK assets has been hit by hikes and impact of Russia's Ukrainian invasion - no plans to sell off

Birmingham Post

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Germany nationalises biggest gas importer to avert supply crisis

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

The Guardian - UK

Germany nationalizes country's biggest gas importer Uniper

The German government has agreed to nationalize the country’s biggest gas importing company, Uniper, expanding state intervention in the industry to prevent an energy shortgage resulting from Russia’s war in Ukraine

The Independent UK

Germany to nationalize gas giant Uniper in historic bailout

The German government is planning to inject about 8 billion euros ($8 billion) into Uniper SE as part of a historic agreement to nationalize the gas giant and stave off a collapse of the country’s energy sector.

The Times of India

Germany working on nationalisation of three major gas companies in historic bid

GERMANY is reportedly in advanced talks to nationalise three large gas importers in a bid to prevent the collapse of its energy market.

The National (Scotland)

Gas importer Uniper in nationalisation talks with German government

Terms under discussion include increasing state’s holding to 50% as pressure on supplies continues

The Guardian - UK

German government could raise stake in gas supplier Uniper

German energy supplier Uniper says it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount

The Independent UK

EU seeks $140 billion to insulate consumers from energy crisis

The European Union's executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and businesses from soaring prices that threaten economic recession and insolvencies.

Reuters

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ABC News

Woodside's multi-billion-dollar Scarborough gas expansion off northern WA sparks global protests

The energy giant's plans have sparked protests in Germany, but the debate on the streets of Karratha is more complex.

Nottingham Post

Ratcliffe-on-Soar power station unit may stay open for 'back-up electricity' this winter

It was due to be decommissioned in September

Nottingham Post

Success for Notts music festival that was declared a scam after power station confusion

Just over 450 people attended the event

The Independent UK

Coal power plant closure ‘postponed to ward off winter blackouts’

The National Grid has already made deals with Drax and EDF to keep open two units each from October to the end of March

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The Guardian - UK

Closure of coal power station set to be delayed to prevent UK blackouts

Under deal, German owner of Nottinghamshire station would be paid a fee to pause decommissioning

Nottingham Post

Nottinghamshire music festival going ahead after location mix-up

Organisers say the event is "totally above board"

The Guardian - UK

Power station owner Uniper posts £10bn loss as gas shortages bite

German energy firm, which operates many UK power stations, has been bailed out by federal government

Nottingham Post

Ratcliffe-on-Soar residents on 'end of an era' as power station cooling towers set to be blown down

There are also serious concerns for the impact on the environment

Nottingham Post

Massive Ratcliffe-on-Soar power station redevelopment could create thousands of jobs in Nottinghamshire

The station will close in 2024 after more than 50 years operational

Reuters

Russia cuts gas flows further as Europe urges energy saving

Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season.

The Guardian - UK

Olaf Scholz announces bailout for Germany’s largest Russian gas importer

Chancellor unveils government plan to take 30% stake in Uniper, as country struggles to cope with drastic cut in supplies

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