Featured
Economic think tank links Germany’s survival to Putin’s decision
A halt to Russian gas supplies to Germany would trigger a deep recession and cost half a million jobs, a senior economist has said.
Achim Truger, a member of Germany’s Council of Economic Experts, told daily newspaper Rheinische Post that the country’s industry could suffer serious damage in the long term if the Russian president decides to cut gas exports.
Russian gas accounted for 55 percent of Germany’s imports last year, and Berlin has come under pressure to unwind a business relationship that critics says is helping fund Russia’s war in Ukraine.
Last month, Russia’s Gazprom cut Poland and Bulgaria off from its gas for refusing to pay in roubles, and threatened to do the same to others, raising fears that it could take similar action against Germany.
Al Jazeera
-
Football1 week agoFULL LIST: Eight stadiums to host 2027 Women’s World Cup in Brazil
-
Business1 week agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Business4 days agoCBN reduces MPR by 350bps to 23% in major monetary policy shift
-
Business6 days agoJetour takes T1 adventure SUV experience to Abuja, targets growing Nigerian market
-
Football6 days agoNigeria vs Colombia: Falconets battle for U-20 World Cup semi-final ticket
-
Football7 days agoBreaking:Brighton shocks Arsenal 3-0 as Gunners’ perfect start comes crashing down
-
Business6 days agoNMDPRA moves against petrol price gouging as pump prices rise to N1,450
-
Comments and Issues5 days agoPeter Obi and the Pensioners’ Testimony