BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures on Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine.
Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $3 billion, including a $2 billion commitment from the kingdom’s sovereign-wealth fund,
BEIJING—Readings of Chinese factory and service-sector activity worsened dramatically in April, falling to their lowest levels since the early days of the Covid-19 outbreak, as recent lockdowns in dozens of cities across the country shut factories and pummeled consumer spending. China’s National Bureau of Statistics said Saturday that its official manufacturing purchasing managers index dropped
Russian forces have riddled Ukrainian fields with mines and destroyed equipment in areas they once occupied, in what returning farmers and the Kyiv government allege is a campaign by Moscow to hobble the country’s agricultural industry. Russia’s invasion already has decimated shipments of corn, wheat and sunflower oil from what was until recently one of
As China tries to restart manufacturing in areas hit by Covid-19 lockdowns, companies are discovering that reopening their factories is not so simple. Still, resumption is gradual—the company said its plant is operating at less than full capacity. Many suppliers of the U.S. electric-vehicle maker in the nearby province of Jiangsu had been shut for
OTTAWA– Canada on Monday authorized a landmark strategy for subsidized $8-a-day kid care, a significant win for Liberal Prime Minister Mondays advancement marks a considerable political success for Mr. Trudeau, whose government dramatically shifted to the left of the political spectrum throughout the Covid-19 pandemic and made budget-friendly kid care a focal point of a
Russias attack on Ukraine assisted push the price of oil to over $100 a barrel for the very first time given that 2014. Heres how rising oil expenses might further boost inflation across the U.S. economy. Picture illustration: Todd Johnson ” Any doubts countries had about the requirement to diversify into Yuan and other currencies/geographies
European authorities say Russia had actually promised to respond with its precise needs for assurances in the next couple of days. They have actually likewise begun to explore among themselves options for pursuing an offer without Russia, 2 diplomats stated. Wendy Sherman There was no comment from Iran or Russia. The senior U.S. official stated
The province of Ontario declared a state of emergency situation, pointing out the bridge blockade and a demonstration in Ottawa. Premier Doug Ford said Friday his cabinet would release orders that would develop high fines for demonstrators who obstruct trade passages such as highways and airports, and give authorities the power to revoke the motorists
Mr. Macron is trying to counter opponents of nuclear energy who have actually argued the technology isnt safe and is too expensive to be part of the option to the climate crisis. Throughout the Rhine, Germany is in the procedure of shutting down all its nuclear reactors. ” We are now convinced, and I believe
