The Latest Breaking News from Uniper

Frankfurt (Germany) (AFP) - German energy giant Uniper said Wednesday it was taking Gazprom to an international tribunal over the Russian company's failure to deliver gas, saying it has so far cost them 11.6 billion euros ($12 billion).

Frankfurt (AFP) - Troubled gas giant Uniper on Wednesday said the German government would need to spend an additional 25 billion euros under a planned nationalisation to stave off the firm's collapse in the wake of Russia's war in Ukraine.

The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs. Also in the show: the German…

The German government has agreed to nationalise the embattled gas giant Uniper, which ran into financial problems after the curtailment of Russian supplies.

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.

Wall Street Journal

Gas-focused business with major UK assets has been hit by hikes and impact of Russia's Ukrainian invasion - no plans to sell off

Deal includes €8bn cash injection for Uniper, which had been controlled by Finnish energy group Fortum

Berlin (AFP) - Germany has reached a deal to nationalise troubled gas giant Uniper, the government said Wednesday, as the energy sector reels from the fallout of Russia's war in Ukraine.