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Viessmann is offering severance packages to employees and is requesting government support
The severance packages offered to employees at Viessmann Climate Solutions mark a significant turning point for the North Hesse region. The heating market is in a sales crisis. Despite booming demand for heat pumps, operating profit is falling from $129 million to $120 million. The market for conventional heating systems has collapsed – a drastic…
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Increase in extreme winds pushes offshore wind turbines to their limits
Offshore wind farms are increasingly reaching their limits. Climate change is leading to ever more violent extreme winds, which threaten existing and planned offshore installations. A recent study by an international research team confirms this trend and warns of an increase in long-term wind peaks in over 60 percent of coastal regions. This development increases…
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Mandatory additive in animal feed to reduce methane emissions leads to the death of Danish cows
Danish dairy farmers have been under government mandate since October. A legally required feed additive called Bovaer is supposed to drastically reduce methane emissions from their animals. But this supposed step forward for climate goals is leading to emergencies in the barns. Cows are refusing feed, losing milk production, and in the worst cases, dying.…
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The number of unemployed people is rising rapidly in Munich – the economy is at a turning point
Munich is facing major economic challenges. The situation on the labor market is worsening, unemployment is rising, and the economy is weakening. In the Bavarian capital, the unemployment rate currently stands at 5.2 percent, a level not seen in a decade and a half. The industrial sector, in particular, is coming under pressure. A massive…
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Budget freeze in Cologne – the mayor pulls the emergency brake
Cologne is at its financial limit. No sooner has Torsten Burmester taken office as mayor than he resorts to a drastic measure: a spending freeze that hits the city in the midst of a deep financial crisis. The city budget is spiraling out of control, as exploding social welfare costs collide with declining revenue from…
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The market for electric cars in the USA has collapsed massively after the elimination of government subsidies
The abrupt discontinuation of government subsidies in the USA has thrown the electric vehicle market into disarray. The $7,500 tax credit for electric cars expired in September. October then dramatically illustrated just how artificially inflated the market had been. Major manufacturers experienced a dramatic drop in demand, and consumers turned back to conventional combustion engine…
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Environment Minister Carsten Schneider is sticking to Habeck’s heating law
The debate surrounding the heating law is once again gaining momentum, as Environment Minister Carsten Schneider (SPD) remains steadfast in his adherence to the 65 percent rule, even though the coalition agreement included its abolition. The CDU also advocated for opening up the heating options during the election campaign. But reality shows that voters are…
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Former VW boss Matthias Müller warns of mass job losses in the automotive industry
The progressive deindustrialization of the German automotive industry is culminating in a massive job massacre of unprecedented scale. Former VW CEO Matthias Müller identifies the politically enforced ban on combustion engines as the central driver of an escalating crisis in the automotive industry. This abrupt technological shift not only threatens industrial value creation but also…
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Reinsdorf wind farm – participation model fails due to lack of interest from private investors
The financing model for the Reinsdorf wind farm is faltering. Despite intensive advertising, there is insufficient private capital. The energy supplier Sachsen-Energie is looking for investors to invest in the project. However, investor reluctance is hindering progress. Citizen participation, return on investment, energy projects, and wind turbines are suddenly at the center of public debate.…
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Total control – China is secretly controlling Norway’s electric buses remotely
Norway is experiencing a security shock: full control over a large part of its public transportation system is in the hands of a foreign manufacturer – and the operators were completely unaware of it. A secret test revealed that China not only has remote access and data access to the vehicles, but also that the…
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Change of course with consequences – Infineon plans to cut hundreds of jobs in Belecke
Infineon announced extensive job cuts at its Belecke plant in early November. The news came as a shock to both the workforce and the region, as semiconductor production has been one of the most important economic factors there for years. The announced job losses affect a mid-three-digit number of employees, while, according to the company,…
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Electricity price reduction in Hokkaido – Nuclear power plant restart brings noticeable relief for consumers
In the Japanese prefecture of Hokkaido, the energy supplier Hokkaido Electric Power (also known as “Hokuden”) has announced a significant reduction in electricity prices. Following the planned restart of the reactor unit at the Tomari nuclear power plant, the tariff for households is expected to decrease by approximately eleven percent. The population will thus benefit…
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After only 15 years – the “Alpha Ventus” offshore prestige project is facing decommissioning
The “Alpha Ventus” offshore wind farm was once considered a flagship project of Germany’s energy transition, a symbol of technological progress and a green future. Twelve wind turbines in the open sea were meant to prove that wind power, climate protection, and electricity generation are possible even under extreme conditions. Today, fifteen years after its…
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Stellantis invests 13 billion dollars in the USA – Europe’s automotive industry on the verge of collapse
The automotive industry is facing a tectonic shift: Stellantis, the parent company of brands such as Opel, Fiat, Peugeot, and Jeep, is shifting its focus to the USA. With a massive investment of 13 billion dollars, the group is strengthening its position in the American market and diverting much-needed capital away from the European automotive…
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Japan is sticking with Russian LNG – gas from Sakhalin is significantly cheaper than from the USA
Japanese Prime Minister Sanae Takaichi is sticking to her course: LNG from Russia remains the only viable option for Tokyo because it is simply cheaper. Even compared to US gas, Russian liquefied natural gas proves to be more cost-effective and efficient. This allows the country to keep energy prices stable and avoid dependence on expensive…