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The Latest Breaking News from Christian Lindner

Germany wrestles with economic dependence on China

Berlin (AFP) - As Chancellor Olaf Scholz travels to Beijing, policymakers and businesses at home are grappling with an existential question: how can they reduce their reliance on China and can they survive without the world's second-largest economy?

AFP

Berlin lags on defence purchases after 100 billion euro pledge - sources

Germany is struggling to ramp up defence procurement or even just replace arms and munitions it has supplied to Kyiv, several sources told Reuters eight months after Chancellor Olaf Scholz pledged 100 billion euros to bring the military up to speed.

Reuters

Germany set to legalise cannabis for recreational use with sale and production also decriminalised

It would make Germany the second country in the European Union to legalise the drug

Manchester Evening News

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ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast'

The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…

Asharq Al-Awsat

ECB again eyes jumbo rate hike to 'tame inflation beast'

Frankfurt (AFP) - The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring.

AFP

Scholz extends life of Germany's remaining nuclear plants

Berlin (AFP) - Chancellor Olaf Scholz on Monday ordered all three of Germany's remaining nuclear power plants to stay operational until mid-April, breaking an impasse that had caused a rift among his coalition partners as an energy crisis looms.

AFP

Scholz orders 3 German nuclear plants to run until mid-April

Chancellor Olaf Scholz has ordered ministers to prepare to keep all of Germany’s three remaining nuclear plants running until mid-April to fend off a possible energy crunch

The Independent UK

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Unlimited travel for $2 a day: how does the Victorian opposition’s public transport proposal stack up?

Liberal plan comes after some European cities introduced free public transport and Germany trialled a €9 monthly ticket

The Guardian - AU

G20 struggles for harmony again, as US-Saudi spat emerges

Washington (AFP) - The G20 closed talks in Washington on Thursday without issuing a joint communique, as a growing US-Saudi feud created new tensions in a group already divided over Russia's invasion of Ukraine.

AFP

G20 meets amid Ukraine war, US-Saudi tensions

Washington (AFP) - The G20 held talks in Washington on Thursday, but Russia's presence in the club made any consensus unlikely despite the multiple crises facing the world.

AFP

Germany agrees to replace cheap national transport ticket

Berlin (AFP) - Germany on Thursday moved closer to approving a successor to a popular ultra-cheap, country-wide public transport ticket rolled out over the summer to curb inflation and cut carbon emissions.

AFP

Crunch talks scheduled for Thursday to help solve German nuclear impasse-sources

Members of Germany's government, including Chancellor Olaf Scholz, have scheduled a call with the operators of the country's remaining nuclear plants to solve an impasse over life-time extensions, two people familiar with the matter said.

Reuters

Germany's Lindner: Ukraine can rely on G7 finance support in times of war

Leaders from the Group of Seven (G7) rich nations have assured Ukrainian officials that they will continue to provide financial support for Ukraine as it battles invading Russian forces, Germany's finance minister said on Thursday.

Reuters

$German coalition, beset by crises, could get more fractious after vote$

German coalition, beset by crises, could get more fractious after vote

German Chancellor Olaf Scholz's faced the prospect of a more divided government after one of his coalition partners vowed to assert itself more strongly following a drubbing in a state election.

Reuters

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The Independent UK

German gas price plan exposes EU divisions over energy

Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses is receiving a tepid welcome from fellow European Union members

Reuters

Germany ready to discuss measures to contain gas prices, finance minister says

Germany is ready to discuss measures that could contain gas and power prices in the European Union, German Finance Minister Christian Lindner said on Tuesday.

AFP

Germany deploys 200-bn-euro shield in 'energy war'

Berlin (AFP) - Germany on Thursday extended a 200-billion-euro ($194-billion) shield to protect households and businesses from skyrocketing power costs, as Europe's biggest economy found itself in an "energy war over prosperity and freedom" against Russia.

The Guardian - UK

Germany unveils €200bn help for consumers and says it won’t follow UK’s route

Finance minister announces €200bn fund to protect citizens from rising gas prices driven by Russia’s war in Ukraine

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The Independent UK

Germany to spend billions to tackle high energy prices

Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices

The Guardian - UK

Homeowners warned of ‘significant’ rise in UK interest rates

Bank of England’s chief economist speaks out after mini-budget, with financial markets expecting rates to reach up to 6%

The Guardian - UK

‘The jewel has lost its shine’: how the world reacted to the UK’s pound crisis

The turmoil stirred condemnation in the US, bitter memories in Greece and interest among holidaymakers in Singapore

The Independent UK

Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

The Independent UK

Tory donor makes huge profits from falling pound

‘It’s been helpful’, says Crispin Odey on his bets against Sterling amid market turmoil

Reuters

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.

AFP

Germany's nuclear stay fails to quell debate

Frankfurt (AFP) - Germany's decision to keep two atomic plants on standby through the winter amid a power crunch has exposed cracks in the government and unleashed criticism from economic and energy experts.

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