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Borrowing and arrears have ballooned to €533 billion in one year, the outlet reports The net financial debt of 150 of Germany’s largest listed companies reached its highest level ever this year, Handelsblatt newspaper reported on Sunday.

Consumer energy demand is expected to hit all-time highs this summer, and utilities are warning they may lack the equipment to maintain the grid American power providers are facing supply shortages that stem from increased pressure on the grid due to record-high temperatures, as people boost the use of air conditioning, Reuters reported on Wednesday.