According to German media, VW is considering cutting up to 30,000 jobs as it seeks to save billions of euros amid a slowdown in the automotive market.
EU and China engage in talks on electric vehicle tariffs
China has agreed to negotiate with the EU regarding the increased tariffs on electric vehicles (EVs) following discussions between China’s commerce minister, Wang Wentao, and EU trade commissioner Valdis Dombrovskis.
Germany’s massive energy relief package has been delayed 18 months
Direct relief was promised to households but is delayed by ‘chaotic records keeping.
Germany risks falling into an “outright recession”
Business confidence fell as a result of growing concerns about Russia cutting off its gas supply.
Russia’s Gazprom exits German business amid row over pricing
April 1 (Reuters) – Russian energy giant Gazprom said on Friday it was exiting its business in Germany, amid a row between the two countries over Moscow’s insistence on switching
Putin blinks first and backs down over roubles for gas demand
Vladimir Putin has now retracted his demand that gas payments be made in roubles and told Germany that European buyers could continue to pay in euros.
Germany braces for gas rationing as Russia deadline approaches
Robert Habeck, German Economy Minister, stated Wednesday that Russia insisting on payments in roubles instead of the Euro and Dollar denominations would be a breach of contract.
G7 rejects Putin’s demand for rouble payment for Russian gas
After talks with Energy ministers on Monday, Robert Habeck from Germany said that energy ministers of the Group of Seven industrialized countries reject President Vladimir Putin’s demand that “unfriendly” countries