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The Latest Breaking News from Siemens

Exclusive-Gazprom says Nord Stream 1 resumption depends on Siemens Energy

Russia's biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom’s Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday.

Reuters

Siemens boss to speak at major North Devon Biosphere conference

South West Business Council stages Natural Capital - Business and the Environment Working Together event to highlight 2,946 sq mile area and its business opportunities

Birmingham Post

Russia Keeps Pipeline Shut as Gazprom, Siemens Energy Wrangle

Russia kept one of its main gas supply routes to Europe shut on Saturday, stoking fears of winter fuel shortages and spotlighting differences between Gazprom and Germany's Siemens Energy over repair work on the pipeline. Already struggling to tame soaring gas prices, European governments had expected the Nord Stream 1…

Asharq Al-Awsat

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EU ‘prepared to meet challenge’ if Russia fails to respect energy contracts

Comments come after Gazprom extends shutdown of gas supply through Nord Stream 1 to Germany

The Guardian - UK

Russia halts gas supplies to Germany

Moscow (AFP) - Russia has halted gas deliveries to Germany via a key pipeline for an indefinite period, after saying Friday it had found problems in a key piece of equipment, a development that will worsen Europe's energy crisis.

AFP

Russia scraps gas pipeline reopening, stoking European fuel fears

Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, after saying it had found faults in the Nord Stream 1 pipeline during maintenance.

Reuters

UN report on Xinjiang ups pressure on brands from Nike to Airbnb

Landmark OHCHR report calls on businesses to take ‘all possible measures’ to respect human rights.

Al Jazeera

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A.P. CID arrests a Delhi based CA involved in Siemens Case’

Two firms allegedly siphoned off ₹370 cr from the Skill Development Corporation

The Hindu

Ex-German chancellor Gerhard Schröder under fire for meeting Putin

Schröder, who is facing investigation over Kremlin links, says he has nothing to apologise for over friendship with Russian leader

The Guardian - UK

Winter Is Coming: Natural Gas Rationing Is Coming To Europe--Plus, An Update On Our Natural Gas Play

Poke The Bear, Suffer A Frosty Winter

Benzinga

Russia’s Gazprom Tightens Squeeze on Gas Flow to Europe

Russia tightened its gas squeeze on Europe on Monday as Gazprom said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity. Gazprom said flows would fall to 33 million cubic meters per day from 0400 GMT on Wednesday - a halving of the…

Asharq Al-Awsat

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

The Guardian - AU

Two Warren Buffett Companies Unite For EV Fast-Charging Network

General Motors plans to build an EV fast-charging network with Pilot and EVgo, with billions in federal funding at stake. EVgo stock soared.

Investors Business Daily

Edinburgh property: Inside the majestic townhouse on the market for nearly £2 million

A gorgeous new three-storey townhouse in the heart of Edinburgh's New Town has gone up for sale, but it comes with an eye-watering price tag that only a select few could afford

Edinburgh Live

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Birmingham Post

Major Siemens factory on track to hit landmark target after 32-year journey

The factory in Congleton has been in operation for 50 years

Reuters

Siemens Energy says it will get pipeline turbine to Russia as soon as possible

Siemens said Canada's decision to allow a turbine to be sent from its repair shop in Canada to Germany was a necessary first step towards returning it to the Russian pipeline it operates, and that it was aiming to get it there as soon as possible.

Manchester Evening News

The Northern Agenda: Countryside council tax storm

North Yorkshire plans measures to tackle second home use - and there's a baby boom in central Manchester

Birmingham Post

£7m rail component facility to be added to Siemens Mobility's Goole site

30 additional jobs will be created at new facility as work moves from Leeds

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Asharq Al-Awsat

Siemens and Nvidia Collaborate to Expand Digital Services

Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse - an enhanced virtual reality for companies to reduce the costs of running their factories, buildings and speed up new product design. The deal is a cornerstone of Siemens Xcelerator, a new open digital…

InsideEVs

White House Welcomes $700M Private US Investments In EV Charging

The largest private investment highlighted by the Biden Administration is the $450 million from Siemens and VW Group to expand Electrify America's network.

Benzinga

Benzinga Before The Bell: Roe vs Wade Ruling Effect, Airbnb's Ban on Parties, JetBlue's Modified Proposal And Other Top Financial Stories Tuesday, June 28

CNBC

Benzinga

Volkswagen, Siemens, Others Invest Over $700M For Hassle-Free, Cheaper EV Charging

The White House disclosed that companies are looking to invest over $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, Reuters reports. The move could add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen AG (OTC:VWAGY) unit Electrify America and over…

Benzinga

Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

Asharq Al-Awsat

White House Says Companies Investing $700 Million to Boost EV Charger Production

The White House said on Tuesday that companies are planning to invest more than $700 million to boost US manufacturing capacity for electric vehicle (EV) chargers - actions set to add at least 2,000 jobs and make charging more accessible and affordable. The investments include $450 million earmarked by Volkswagen…

Benzinga

Siemens Acquires Brightly Software For $1.6B Cash Plus Earn-Out

Clearlake Capital Group, L.P. has agreed to sell Brightly Software, Inc. to Siemens AG (OTC:SEIGY) for $1.875 billion, with $1.575 billion upfront cash consideration and $300 million in cash earn-out payments. Brightly is a software-as-a-service provider of cloud-based enterprise asset management and facility operations management and was acquired by Clearlake in June 2019.…

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