German government

The German Government said it would secure pensions to ease the long-term burden on the federal budget by investing in the capital markets. This is an idea that was controversial inside and outside the government A capital stock of at least 200 billion euros (217 billion dollars) is to be created by the mid-2030s, dpa learnt from government circles on Monday. An average of 10 billion euros is then to be paid out of the income each year as a subsidy to the statutory pension insurance scheme. The plan is a…

The German government will likely block the Chinese takeover of Elmos' chip factory, the Dortmund-based company said. The economics ministry had been examining the sale to competitor Silex, a Swedish company that is a subsidiary of Chinese group Sai Microelectronics . The deal "will most likely be prohibited" in a "new development", Elmos said on Monday.Read Also Until Monday, the ministry "had indicated to the parties that the transaction most likely will be approved". Elmos said that it would examine further steps…

BERLIN—Energy giant Uniper SE UN01 -4.19% posted a net loss of around $39.3 billion for the first nine months of the year—one of the biggest in Germany’s corporate history—highlighting the financial fallout from Russia’s decision to throttle natural-gas deliveries to Europe. The company, which is soon to be nationalized by Germany in an attempt to stabilize it and protect its customers, said Thursday it was finalizing the details of…

BERLIN—Germany will nationalize Uniper, UN01 -21.55% seeking to save the country’s largest gas importer that was hit hard by Russian natural-gas cuts to Europe.The German government said Wednesday it would take a 99% stake in the energy giant and inject in 8 billion euros, equivalent to around $8 billion. Berlin will acquire the stake of Uniper’s parent company, Finnish utility Fortum Oyj. FORTUM 13.97% Uniper was…

BERLIN—Hit hard by falling Russian natural gas deliveries, German energy giant Uniper SE UN01 -9.42% reported a net loss of more than $12.6 billion for the first half of the year, deepening the turmoil at one of the first corporate victims of Europe’s energy crisis. Uniper, Germany’s largest importer of Russian gas, has been forced to buy gas on the market where prices are near records after Moscow slashed deliveries to Germany from…

BERLIN—Uniper SEone of Europe’s largest utilities, is in bailout talks with the German government, saying earnings would be hit hard by dwindling natural-gas supplies from Russia.Russia’s state-controlled Gazprom PJSC reduced deliveries to Germany via the Nord Stream pipeline to 40% of its capacity earlier this month. Uniper, by extension, said it has been receiving only 40% of its contractually committed gas volumes from Gazprom since mid-June. Uniper, which relies on those deliveries to meet demand from its commercial…

BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia.Berlin unveiled the measures on Sunday after Russia cut gas supplies to Europe last week as it punched back against European sanctions and military support for Ukraine. The steps, part of a broader strategy initiated after the invasion of Ukraine, aim to reduce gas consumption and divert gas deliveries to storage facilities to ensure that…