Recent Posts

Olaf Scholz seeks to end China’s lithium dominance in S America

Bloomberg Chancellor Olaf Scholz is using a trip to Latin America to help Germany secure additional supplies of the lithium that car giants like Mercedes-Benz Group AG and Volkswagen AG need for their electric-vehicle batteries. Chile is the world’s second-largest supplier of lithium after Australia and much of its output is currently gobbled up by China. Scholz, who met with ...

Read More »

Denmark plans extra $340 million inflation aid targeting seniors

  Bloomberg Denmark proposed to spend an extra 2.3 billion kroner ($340 million) on inflation aid, mainly targeting senior citizens. The government will now start talks with opposition parties in parliament to reach a broad deal and decide on the details, Finance Minister Nicolai Wammen told reporters in Copenhagen on Monday. Consumers in Denmark have been hit heavily by accelerating ...

Read More »

German recession risk rises after surprise contraction

  Bloomberg Germany’s economy shrank 0.2% at the end of last year — a worse outcome than previously flagged and one that makes a recession on the back of rising energy bills more likely after all. The figures Monday from the statistics office contrast with an estimate this month for output to have stagnated in the fourth quarter. They also ...

Read More »
Send this to a friend