Money

The great gas ration? EU countries put an emergency plan in place

Published

2 years ago

March 31, 2022

ticker NEWS

Germany and Austria have triggered emergency plans over possible gas supply disruption

This comes as Russia urges “unfriendly” countries pay for its gas in roubles from the end of March.

The EU mainly pays in euros and have strongly rejected the idea amid a payments stand-off with Russia

Moscow later appeared to soften its stance, saying on Wednesday rouble payments would be introduced gradually.

But Germany and Austria have taken the first steps towards gas rationing.

Germany is now telling people to reduce consumption in case of possible shortages, while Austria will tighten its monitoring of the gas market.

Germany gets about half its gas and a third of its oil from Russia and has warned that it could face a recession if supplies come to a sudden halt.

Related Topics:Business Politics trending

Up Next

What will happen to the $625M digital coin theft?

Don't Miss

China Evergrande to sell Crystal City Project

ticker NEWS

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending