Bloomberg Germany is still years from substituting Russian pipeline gas imports with liquefied natural gas (LNG) capacities, according to estimates by the country’s Economy Ministry. Chancellor Olaf Scholz told Bloomberg last week that the country had learned its lesson from being too dependent on Russia. The goal now was to build capacity that gives Germany the chance to have as ...

  Bloomberg BHP Group struck a deal to look for copper in Serbia as the world’s biggest mining company expands efforts to find new deposits of the metal essential for the green revolution. The top miners are bullish on the outlook for copper, which is used in wind turbines, grids and electric vehicles. And with demand expected to outstrip supply, ...

  Bloomberg Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record. From a fraught refinancing process for an office building in the City of London to the strained sale of the Commerzbank Tower in Germany’s financial hub, investors are scrambling to find ...

  Bloomberg A new survey of business economists suggests US job market conditions are beginning to soften, with firms indicating an easing of labor shortages and a pullback in hiring expectations. A National Association for Business Economics survey showed about a third of respondents say their firms are not facing any labor shortages, and nearly 20% expect employment at their ...

  Bloomberg Germany’s antitrust regulator opened an investigation into PayPal Holdings Inc. over potential obstruction of competitors and restriction of price competition The Federal Cartel Office is looking at PayPal’s user terms that block business from offering products at lower prices if their customers chose other payment services. The regulator will also look at how the company bans sellers from ...

Bloomberg Ambulance workers walked out Monday in the biggest show of industrial action by first responders since trade unions kicked off an historic series of protests against pay levels in Britain’s National Health Service. Workers from Unison, Unite and the GMB labor groups are on strike again with the public advised to only call 999 if there’s a life-threatening situation. ...

  Bloomberg France and Germany announced a plan to strengthen their rail links as a way to offer greener travel between the two countries. The nations “support the deployment of the high-speed train route between Paris and Berlin, as well as the night train service, both announced for 2024,” according to a joint declaration released after a meeting in Paris ...

  Bloomberg London residents are weathering the cost-of-living crunch better than people in the rest of the UK, one research group concluded. Residents of the capital saw their real wages adjusted for inflation slip by £9 ($11.13) a week compared to a year ago during the fourth quarter of 2022, research from the Centre for Economics and Business Research indicates. ...

Bloomberg Latvia’s top envoy criticized Germany over its indecision on whether to send Ukraine the Leopard 2 tanks, saying there are no longer any “good arguments” not to give Kyiv the heavier weapons it demands. The three Baltic nations — Latvia, along with Estonia and Lithuania — were expected to reiterate calls for Germany to send the tanks when the ...

  Bloomberg Burkina Faso ended its military collaboration with France, the second West African nation to sever defense links that were forged to combat a decade-long insurgency in the region. The government on January 18 criticized a 2018 agreement that enabled the troops to operate in Burkina Faso, according to a letter sent by the nation’s Foreign Affairs Ministry to ...