G-7 set to back pursuing Russian oil price cap, tariff hikes

ELMAU, Germany (AP) — The Group of Seven economic powers are set to commit themselves to supporting Ukraine for the long haul, with the U.S. preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv. Leaders are also set to announce an agreement to pursue a price cap on Russian oil, raise … Read more

G7 launches $600bn infrastructure plan to counter China | News

The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President … Read more

‘We have to stay together,’ Biden on alliance behind Ukraine

ELMAU, Germany (AP) — President Joe Biden on Sunday praised the continued unity of the global alliance confronting Russia, as he and other heads of the Group of Seven leading economies strategized on sustaining the pressure in their effort to isolate Moscow over its months-long invasion of Ukraine. Biden and his counterparts were meeting to … Read more

Curators apologize for antisemitic work at German art show

BERLIN (AP) – The curators of a major art show in Germany have apologized for including a work featuring antisemitic elements that prompted an outcry at the event’s opening this week. Organizers of the documenta fifteen show in Kassel ordered the banner by Indonesian collective Taring Padi, titled “People’s Justice,” to be taken down Tuesday … Read more

Zurich sells €21bn legacy life book in Germany

Zurich Insurance Group (Zurich) has agreed to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG (Viridium), a leading specialist in the management of life insurance portfolios in Germany. Viridium said the deal comprised around 724,000 policies and €21bn in assets under management. Zurich group chief financial officer George Quinn … Read more

Germany faces natural gas ‘crisis,’ raises warning level

BERLIN (AP) – Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe’s biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries. The government said the decision follows cuts Russia made to natural gas … Read more

European stocks open to close as recession fears continue

LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week’s tumultuous trading. The pan-European Stoxx 600 dropped 0.5% by late morning, having recouped more than half of its earlier losses. Banks fell 1.5% while travel and leisure stocks gained 1.1%. In terms of individual share … Read more

Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

Habeck has previously warned the situation is going to be “really tight in winter” without precautionary measures to prevent a gas supply shortage. Picture Alliance | Picture Alliance | Getty Images Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a … Read more

Tesla’s Austin, Berlin car plants “losing billions of dollars”

Tesla’s new plants in Texas and Germany are “losing billions of dollars” as the electric car maker struggles with production due to supply chain disruptions and battery shortages, Elon Musk said in an interview released Wednesday. What he’s saying: “Both Berlin and Austin factories are gigantic money furnaces right now,” said Musk in the interview … Read more

Heilung | Anoana [Official Video] – Heilung

Heilung | Anoana [Official Video]  Heilung See Heilung’s Stunning Video for New Song “Anoana”  Revolver Magazine Heilung announce new album ‘Drif,’ share “Anoana” video  Brooklyn Vegan View Full coverage on Google News