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BIZARRE: 11 | Mind Blowing Facts

Rail use rises by almost half in Germany after introduction of €9 unlimited train tickets

Germany’s government currently has no plans to extend the popular scheme

The Independent UK

The Guardian view on cheap train travel: a lesson from Germany

Editorial: While the British rail industry is subjected to managed decline post-Covid, other countries are taking a more imaginative approach

The Guardian - UK

German FinMin pitches $10B tax cut plan to dampen inflation

Germany’s finance minister says the government plans to make tax cuts worth more than 10 billion euros ($10.2 billion) to benefit broad sections of the population squeezed by high energy costs and inflation

The Independent UK

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Germany puts coal power plant back on network after gas supply cut

Mothballed facility in Lower Saxony gets emergency permission to run until April

The Guardian - UK

Germany argues over nuclear shutdown amid gas supply worries

Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year

The Independent UK

Death toll in Chasiv Yar continues to rise – as it happened

1.24am BST

The Guardian - UK

Russia-Ukraine war update: what we know on day 138 of the invasion

At least 18 people dead after Russian missile attack on eastern Ukrainian town; residents in two southern regions urged to evacuate as Ukraine prepares to launch counteroffensive

The Guardian - UK

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Conservatives blame the energy crisis on net zero climate goals – but what is really going on?

A range of factors is behind the rise in electricity prices, but net zero isn’t one of them

The Guardian - AU

German minister rejects calls to tax growing oil profits

Germany’s finance minister has rejected calls by some in the country’s governing parties to tax what they call “excessive profits” earned by oil companies since Russia’s war in Ukraine spiked energy prices

The Independent UK

German lawmakers approve 100 billion euro military revamp

Germany's Bundestag lower house of parliament on Friday approved the creation of the 100 billion euro ($107.2 billion) special defence fund that Chancellor Olaf Scholz announced in response to Russia's invasion of Ukraine.

Reuters

Germany to change constitution to enable $110 billion defense fund

Germany has agreed to change its constitution to allow for a credit-based special defense fund of 100 billion euros ($107.35 billion) proposed after Russia's invasion of Ukraine, the German finance ministry announced on Sunday.

Reuters

Industry groups want G7 countries to align climate ambitions -BDI

The Group of Seven (G7) economic powers should align international climate protection ambitions along the lines of a "climate club" proposed by German Chancellor Olaf Scholz, the head of the Business 7 (B7) group of industry lobbies said on Wednesday.

Reuters

Full cost of rebuilding Ukraine impossible to quantify, says German Finance Minister

German Finance Minister Christian Lindner said on Tuesday it was impossible to say how much it would cost to rebuild Ukraine as long as fighting with Russia continues, amid European Union discussions on how to fund further aid for Kyiv.

Reuters

Genteel German island balks at prospect of anti-capitalist ‘chaos’ party

Islanders fear government’s €9-a-month travel pass will encourage a stampede of visitors

The Guardian - UK

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The Guardian - AU

Russia-Ukraine war: what we know on day 87 of the invasion

Last group of Ukrainian soldiers in Azovstal steelworks surrendered, Russia’s defence ministry said late Friday

Tribune News Service

Stocks pare losses after dipping into bear market: Markets wrap

U.S. stocks pulled back from session lows after the S&P 500 dipped 20% below its Jan. 3 closing record. Treasuries and the dollar gained as havens caught bids.

The Independent UK

Yellen's global tax plan meets resistance abroad and at home

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy

Asharq Al-Awsat

G7 Countries to Provide $19.8 Billion in Aid to Ukraine

The Group of Seven leading economies agreed Friday to provide $19.8 billion in economic aid to Ukraine to help keep tight finances from hindering its ability to defend itself from Russia’s invasion. German Finance Minister Christian Lindner told reporters that $9.5 billion of the total amount was mobilized at meetings…

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Reuters

Japan, Europe tread different paths as G7 warns of inflation risks

Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches to monetary policy and the risks of rising prices, which drew warnings at this week's Group of Seven gathering in Germany.

Reuters

G7 mulling Russian asset seizures to help rebuild Ukraine - German Finance Minister

Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday, but he added that no decision on the matter was taken at a meeting with his G7 counterparts.

The Independent UK

Report: G7 countries set to approve $18 billion for Ukraine

Germany’s finance minister says the Group of Seven leading economies are set to agree on more than $18 billion in aid for Ukrainian defense efforts

Reuters

G7 countries commit $18.4 billion in funds for Ukraine - draft

The Group of Seven (G7) industrialised nations have committed $18.4 billion in transfers and loans to help Ukraine meet its immediate financing needs, according to a draft communique seen by Reuters on Thursday.

The Independent UK

Germany's Schroeder loses office amid anger over Russia ties

German lawmakers have agreed to strip former Chancellor Gerhard Schroeder of his office and staff after he maintained and defended his long-standing ties with Russia and its energy sector despite the invasion of Ukraine

Reuters

Germany pledges 1 billion euros in grants to help Ukraine - Finance Minister

German Finance Minister Christian Lindner said he pledged 1 billion euros ($1.06 billion) in grants to Ukraine at a meeting of finance officials from the Group of Seven (G7) economic powers on Thursday to help it with short-term liquidity needs.

The Independent UK

Russia-Ukraine war impact draws focus of G7 finance leaders

Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy

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