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Germany monitoring oil supplies closely as Russian pipeline outage drags on

2 days ago DieselGasoil Comments Off on Germany monitoring oil supplies closely as Russian pipeline outage drags on
London — Germany is not planning to tap its strategic oil reserves but is monitoring the local fuel supply situation closely, the country’s economy economic and energy ministry said Friday, faced with at least another month without piped Russian crude imports. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More

Germany’s Thyssenkrupp agrees restructuring approach with labor leaders

2 weeks ago DieselGasoil Comments Off on Germany’s Thyssenkrupp agrees restructuring approach with labor leaders
DUESSELDORF (Reuters) – Management and labor leaders at Germany’s Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. FILE PHOTO: Guido Kerkhoff, CEO of steelmaker Thyssenkrupp AG, speaks during the annual shareholders meeting in Bochum, Germany, February 1, 2019. Read More

Less to lose: Germany’s poorer East embraces tech revolution

4 weeks ago DieselGasoil Comments Off on Less to lose: Germany’s poorer East embraces tech revolution
JENA, Germany (Reuters) – From the 12th floor of Jenoptik’s headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to “Optics Valley” – a role model for Germany’s East in a big year for the region. Three elections in eastern states this autumn are focusing Read More

Equities drop after China data; euro zone growth lifts single currency

4 weeks ago DieselGasoil Comments Off on Equities drop after China data; euro zone growth lifts single currency
LONDON (Reuters) – European shares edged down on Tuesday after weak Chinese business surveys doused appetite for risk, while the single currency climbed after euro zone growth beat expectations. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Bourses in Britain, France and Read More