US government does not rule out new offshore drilling

WASHINGTON However, the ministry’s proposals also include the possibility of dispensing with new so-called offshore drilling. It also proposes possible auctions of drilling rights in the Gulf of Mexico and offshore Alaska. The plan exempts public waters on the Atlantic and Pacific coasts from drilling. Home Secretary Deb Haaland has stressed that the plan is […]

How the lockdowns are damaging China’s reputation as a location for innovation

VW Work in China Companies from the automotive industry are fully committed to China. (Photo: dpa) Peking China had actually developed into an increasingly important research and development location for foreign companies in recent years – until the pandemic came. The lockdowns, especially the nine-week lockdown of Shanghai, could be a “game changer”, said Jörg […]

German ex-boss of Austria’s energy group OMV not relieved

WIEN Seele moved from the management of Wintershall to OMV in 2015. There he had put his faith in investments and business in Russia. In retrospect, OMV supervisory board chairman Mark Garrett described this as a mistake. He pointed out that the company had to write off two billion euros on Russia-related projects in the […]

Allianz sells majority stake in Russia

Allianz Interholding takes over the majority of the Russian business. (Photo: ullstein bild/Getty Images) Frankfurt Allianz is not withdrawing completely from Russia, but is significantly reducing its involvement there. The Dax group is selling a majority stake in its Russian business to Interholding, the owner of Russian property insurer Zetta Insurance. The insurer did not […]

Switzerland blocks the transfer of Danish tanks to Ukraine

BERN Denmark wanted to deliver Piranha III wheeled armored personnel carriers to Ukraine. Seco justified its no with Switzerland’s neutrality and with the War Material Act, which prohibits the export of military goods to war zones. Germany made two requests for permission to pass on ammunition for the Gepard anti-aircraft tank, among other things, and […]

Economy shrinks more than expected in winter

WASHINGTON In the fourth quarter, the economy had grown by 6.9 percent. The economy was adversely affected in the first quarter above all by a significant widening of the trade deficit. This is probably also due to the rise in energy and raw material prices. Private consumption and investments developed solidly. US growth figures are […]

Germany shouldn’t be surprised if India steals cheap Russian oil

Narendra Modi and Olaf Scholz The global south is suffering – without being able to help it – particularly badly from the consequences of the war. (Foto: Getty Images) Anyone who wants to punish Russia for attacking Ukraine can easily despair of India. As the West scales back its oil deals with Russia, the country of […]

Emir of Qatar and minister visit Berlin

BERLIN According to Qatari information, Foreign Minister Mohammed bin Abdulrahman Al Thani, Energy Minister Saad Sharida al-Kaabi, Finance Minister Ali bin Ahmed al-Kuwari and Trade Minister Mohammed bin Hamad Al Thani are also traveling in addition to the Emir. The German government hopes that deliveries of liquefied natural gas (LNG) from Qatar can help reduce […]

Further escalation by Russia conceivable

At the same time, Austin emphasized with a view to the Kremlin boss: “He can end this war today.” Putin chose this war and could decide at any time to stop fighting and withdraw his armed forces from Ukraine. “This is the decision of one man.” When asked whether, in the event of a further […]

Israel supports neo-Nazis in Ukraine

Sergey Lavrov Russia has reiterated Lavrov’s statements that Zelensky’s Jewish origins do not rule out the possibility that Ukraine is being ruled by neo-Nazis. (Photo: IMAGO / ITAR-TASS) Berlin Russia follows up the dispute with Israel over Hitler’s statements by Foreign Minister Sergey Lavrov. The Foreign Ministry in Moscow on Tuesday accused Israel of supporting […]