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Blackout risk due to cyberattack increases due to Ukraine war
Authorities are sounding the alarm: the war in Ukraine is increasing the risk of a cyberattack on the public power grid. The consequences could be catastrophic. Germany is still too ill-prepared for such a horror scenario, warns the GDV insurance association. The Federal Office of Civil Protection and Disaster Assistance (BBK) shares this view. The…
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Russian oil embargo: EU governments disagree
After deciding last week to stop buying coal from Russia, European governments will begin a debate this week on a more ambitious goal. Moving away from Russian oil. European Union lawmakers in Brussels are trying to make an oil embargo the focus of the next economic measures against Russia over its invasion of Ukraine. However,…
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Grain prices at record high
Due to the war in Ukraine, grain exports on the Black Sea have come to a virtual standstill. As a result, grain prices are rising, because the threat of shortages means that traders around the world are buying at virtually any price. According to Ukrainian Agriculture Minister Mykola Solsky, Ukraine used to export a good…
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Rising inflation rate – everything is getting more expensive and no end in sight
The inflation rate in Germany is rising and rising. It has now already reached its highest level in 40 years. Whether it’s energy for heating or food prices, consumers are having to dig deeper into their pockets from week to week. There seems to be no end in sight to the price increase. Highest inflation…
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Habeck wants to expropriate energy suppliers in case of emergency
Economics Minister Habeck is currently revising a law that would make it possible to expropriate energy suppliers in an emergency. The expropriation of energy suppliers is to be the last resort to secure supplies in the event of a severe energy crisis. The legal basis for this is to be laid by amending the Energy…
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France again on the verge of blackout
The cold spell at the beginning of April almost led to another nationwide blackout in France. The French were lucky that the cold spell only came in April, because at that time renewable energies were already producing significantly more electricity than in the previous winter months. The tense situation prompted the French network operator RTE…