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Court ruling: Julian Assange can be extradited to the USA
A London court said the extradition of WikiLeaks co-founder Julian Assange to the U.S. on espionage charges could proceed. The government only has to agree to the extradition. However, Julian Assange can still appeal, delaying the legal process for some time. Assange now has four weeks to give his account in writing to British Home…
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Wind power expansion does not advance
In order to quickly become independent of Russian energy sources, Economics Minister Robert Habeck wants to accelerate the expansion of renewable energies. To this end, he wants to shorten approval procedures, reduce the number of objections and give expansion priority over nature conservation. To this end, the federal states are to release at least 2…
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Denmark to increase output of gas and oil
Following the UK’s exit, Denmark is the EU’s largest producer of crude oil from the country’s own oil fields in the North Sea. However, the Danish government decided last year to phase out gas and oil production completely by 2050. The parliamentarians wanted to gradually reduce the production of oil and gas. Now the government…
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Cost explosion – housing construction collapses
Industry associations see a massive slump in residential construction in Germany by 2023 at the latest. They see this as being caused by both a shortage of materials and a sharp rise in prices. In addition, funds for the new KfW subsidy were completely used up after just a few hours. This means that no…
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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…