The era of cheap fuel from Russia is over, the head of the national utilities regulator has said Germany has managed to avoid an energy crisis this winter, but there is a risk that the next heating season will be more difficult, Klaus Mueller, the head of Germany’s Federal Network Agency said in an interview…

Neither the Covid-19 pandemic nor Russia’s offensive against Ukraine has played a pivotal role in bringing about the current economic downturn in Europe, German Chancellor Olaf Scholz has argued. He attributed it to growth in Asia instead, warning that there likely will not be a return to the good old days in the foreseeable future.

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