“Just before twelve” on the German gas market – Handelsblatt Morning Briefing

Everyone should save gas, for example turn down the heating. Obviously, Müller and his employees are preparing a qualified shutdown plan if the Russian gas stops flowing. “Unfortunately, it cannot be completely ruled out that we will have to make decisions that have terrible consequences for companies, for jobs, for value chains, for supply chains, for entire regions,” he says cautiously.

First of all, however, Müller has to respond to the demand from the parent company Gazprom not to use the brand name and logo any longer. “Spasiba”, thank you for that too.

Top jobs of the day

Find the best jobs now and
be notified by email.

It is quite possible that Russia will soon react to the European Union’s advances in coal and oil in a ping-pong game of sanctions with gas. The EU Commission decided on an import ban for Russian hard coal and is working on ensuring that the 27 member states no longer purchase the Rosneft group’s oil. President Ursula von der Leyen announced that Bucha’s atrocities “cannot and will not remain unanswered”.

Today, Wednesday, the US will also announce a new package of sanctions against Russia – “any new investment” in the country should be banned. President Joe Biden is concerned with tougher sanctions against financial institutions and Russian state-owned companies as well as new punitive actions against Kremlin representatives. Conclusion: Here, too, the horror pictures from Butscha have significantly increased the speed of the action.

The President of Ukraine addresses the delegates of the UN Security Council via video transmission.

Speeches by Volodymyr Zelensky are on the one hand dramaturgically well constructed and stirring, on the other hand mostly an attack on the conscience of his audience. It was the same yesterday in his video address to the UN Security Council in New York. There, the Ukrainian president called for an immediate war crimes trial against the Russian military, comparable to the Nuremberg trials, and asked, “Where is the Security Council? It is evident that the world’s central institution for protecting peace cannot function effectively.”

In response, Russian ambassador Vasily Nebenzya denied all war crimes allegations and said they were bringing “long-awaited peace to the blood-soaked country in Donbass.” Russia’s Foreign Minister Sergey Lavrov even called the discovery of bodies in Bucha on Russia’s state propaganda TV as a “provocation” to derail negotiations between Kyiv and Moscow.

What he doesn’t mention is that satellite images show that bodies were already lying in the streets of Bucha before the Russian troops had left. Let’s hope Otto von Bismarck was right: “Lies can start wars, but truths can stop armies.”

For the Kremlin, Foreign Minister Annalena Baerbock has become the most irritating figure. She maintains an “aggressive anti-Russian line” charged with particular cynicism, the Foreign Ministry explained in Moscow after the Green politician expelled 40 Russian “diplomats” from Germany on suspicion of espionage. Baerbock proves “russophobic hysteria”.

The next warning words from Moscow will surely follow soon, after all, the minister’s most recent analysis is no friendlier either: “No country is available, nobody is Russia’s backyard, nobody is doomed to live in eternal bondage because the Russian government, in nationalist madness so will”. Baerbock explains why Germany and Europe are supporting the Republic of Moldova with a total of almost 700 million euros.

With the Internet from space, AWS can complement its applications and services and offer them in all parts of the world.

For the first time, Elon Musk tops Forbes’ rich list – the third person in history to be worth more than $200 billion. The head of Tesla and SpaceX and new Twitter board of directors thus ousted Amazon founder Jeff Bezos, which he garnished with the mockery of sending “Jeffrey B.” a large statue with the number “2” and a silver medal.

In the past, Musk liked to tease his rivals as a “copycat”, an imitator, because he also wanted to build a satellite internet modeled on the SpaceX project “Starlink”. Bezos is belatedly taking up the fight with his “Kuiper” project – and signed contracts with the French Arianespace, the United Launch Alliance (ULA) and his company Blue Origin for 83 rocket launches in five years. Amazon wants to offer the Internet via satellite as early as 2024, and it should be fully functional by 2028. However, both Arianespace and ULA partly use Russian engines or Ukrainian components. If Bezos remains the second winner, it’s because of the war.

Karl Lauterbach recently diagnosed that Putin’s board of directors, Gerhard Schröder, is bordering on a “joke figure”. The federal health and talk show minister must be careful that nobody says this about him.

  • On the one hand, Lauterbach has remained the old hardcore warning against Corona on Twitter – Long Covid is dangerous, risk groups must be protected. On the other hand, he thinks the easing decided by the coalition is really great.
  • On the one hand, Lauterbach urges people to continue wearing masks. On the other hand, it is also okay that the mask requirement ends.
  • On the one hand, the minister justifies why the quarantine requirement for infected people will end in May and why they should only stay at home voluntarily. On the other hand, he then cancels the voluntary isolation again without further ado, which he announced last night on the ZDF program “Markus Lanz”. He wants to make that official today. A shortened isolation of five days should remain.

With all the contradictions, Lauterbach seems even more agitated than usual. And in the forthcoming vote in the Bundestag, the general vaccination requirement will at best become a vaccination requirement for everyone over 60, which the minister will soon defend in a slightly choppy speech.

And then there is Lionel Souque, 50, a French business economist with a job in Cologne. As head of the Rewe retail group, he denies food inflation. “It’s total nonsense to believe that we can pass everything on to the last person,” he says. “Who’s going to pay for that?” Good question in an industry that has been sticking price tags with ever-increasing numbers on products for weeks. Only on Monday did Aldi make a number of products more expensive again, for the third time in four weeks. Butter, yoghurt, milk, chips and coffee in particular are increasing in price, and Rewe (sales in 2021: 76.5 billion euros) are also becoming more expensive.

According to Souque, however, a three-digit million amount was dispensed with in order to limit the price surcharges. Despite rising raw material and energy costs, he does not want to accept the prices of the listed food multinationals without a fight. Sounds like cheerless “annual talks” without coffee, water and heating. For Heinrich Heine, compromise wins in the end: “The merchant has the same religion all over the world.”

I wish you a harmonious day.

It greets you cordially
Her
Hans Jürgen Jakobs

source site-15