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Washington’s allies in Europe and Asia were initially outraged by its new industrial policy. Now they are scrambling for ways to catch up
Also in this newsletter: Spain’s culture war over bicycle lanes
Announcement marks end of US tech group’s dispute with Berlin over subsidies
German conglomerate says it needs to diversify to serve more markets in Asia and tackle supply chain issues
Green policy forcing homeowners to install heating systems powered by renewables dubbed the ‘heat hammer’
Decrease in demand from Asia’s largest economy sparks concern over how Berlin can fix industrial malaise
Rare acquisition of Mittelstand company by a foreign buyer draws scrutiny in Berlin
Further boost for Kyiv after recent tank consignments from Poland, Spain and the UK
Berlin’s U-turn on combustion engines and foot-dragging on aid to Ukraine cause exasperation in other capitals
Defence minister expresses disbelief at slow progress by countries that pressed Berlin for Leopard decision
Monetary policy is entering a phase of quantitative tightening for which there is plenty of theory but little past experience
German defence minister meets American counterpart to discuss support for Kyiv ahead of Nato talks
Klaus-Dieter Maubach latest victim of clear-out after gas importer posted one of the biggest losses in corporate history
Court also orders Hanno Berger to repay €13.7mn to the Bonn government
25 people arrested in raids by 3,000 officers on 130 premises across the country, suggesting conspiracy on a huge scale
Completion of project in just 200 days eases fears of gas shortage amid cut in Russian supplies
Galeria Karstadt Kaufhof owner René Benko, who also co-owns UK retailer Selfridges, under pressure to save mid-market chain
Measures include funds to cover December’s bill and subsidies for households and businesses for more than a year
Hungarian premier joins EU leaders upset at lack of bloc-wide solution
Berlin will take control of what was once Europe’s biggest importer of Russian gas
Move escalates energy war between Moscow and west triggered by Russia’s invasion of Ukraine
Government’s stake sale comes as flag carrier is on track to make first annual profit since pandemic
Government to repurpose Covid funds to prevent wave of insolvencies in utilities sector
State expected to take a substantial stake in company as a result of potential bailout
New boss says rebranded company is ‘back in town, ready to resume our business’
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