Germany resorts to record borrowing

Germany’s federal government intends to issue a record volume of debt next year to fund costs associated with the energy crisis, the German Finance Agency has revealed. According to the plan released on Wednesday, debt issuance will balloon to about €539 billion ($573 billion) in 2023 from €449 billion ($477 billion) this year. The previous…

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Canada kicks Chinese firms out of rare minerals sector

The companies have been ordered to divest their interests in the country’s strategic mines immediately The Canadian government has ordered three Chinese firms to divest from its critical minerals companies on grounds of national security. The move comes days after Ottawa introduced tougher rules on foreign investment in the mining sector.

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Another EU buyer says Russia reduced gas supply

France’s Engie is the fourth European customer to report smaller volumes of natural gas deliveries France’s multinational utility corporation Engie said on Thursday that Russia has reduced gas shipments, Bloomberg reports, citing a company statement.

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