Öllieferungen über Druschba-Pipeline nach ukrainischem Angriff gestoppt

Kiew/Budapest (Reuters) – Nach einem ukrainischen Angriff auf eine Ölpumpstation in der westrussischen Stadt Unetscha fließt kein Öl mehr durch die wichtige Druschba-Pipeline nach Ungarn und in die Slowakei. Die Außenminister der beiden Länder, Peter Szijjarto und Juraj Blanar, erklärten am Freitag, der Stopp der Öllieferungen aus Russland könne mindestens fünf Tage anhalten. In einem …

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German finance minister urges cuts to plug 30-billion-euro gap in 2027 budget

BERLIN (Reuters) -Germany’s Finance Minister Lars Klingbeil urged ministries to draw up substantial savings plans to help plug a budget gap of more than 30 billion euros ($34.80 billion) in 2027, according to a letter seen by Reuters on Friday . The German cabinet approved in July a 2026 draft budget featuring record investment and …

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Strong market debuts raise questions over cautious IPO pricing by Wall St banks

By Manya Saini and Niket Nishant (Reuters) -Big first-day gains by recent high-profile U.S. listings have raised questions over whether Wall Street banks — wary of volatility and economic uncertainty from sweeping U.S. tariffs — are pricing them too cautiously, benefiting investors but causing issuers to miss out. The 20 biggest U.S. IPOs this year …

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China’s solar industry association calls for end to price wars

BEIJING (Reuters) -China’s solar industry association on Friday called for solar manufacturers to stop selling components below cost and advocated for “survival of the fittest” market competition, but stopped short of calling for capacity closures to address oversupply in the industry. In a statement following multi-day consultations with the solar industry and a raft of …

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Hungary to leave base rate on hold at 6.5% again despite sputtering economy- Reuters poll

By Krisztina Than BUDAPEST (Reuters) -Hungary’s central bank is expected to leave its base rate steady at 6.5% for the 11th consecutive month on Tuesday despite a sputtering recovery, as inflation exceeds the bank’s 2% to 4% tolerance band even though price growth slowed last month. All 21 analysts surveyed between August 18 and 22 …

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SPD stützt Klingbeil – Weichen wegen Lücken in Bundesetat ab 2027 stellen

Berlin (Reuters) – Die SPD-Fraktion stützt Finanzminister Lars Klingbeil beim Versuch, bereits jetzt über drohende Löcher im Bundeshaushalt 2027 zu reden. “Mit seinem Schreiben hat Bundesfinanzminister Klingbeil den Auftakt für einen gemeinsamen Prozess mit der Union zur strukturellen Haushaltskonsolidierung gemacht”, sagte die stellvertretende Fraktionsvorsitzende Wiebke Esdar der Nachrichtenagentur Reuters am Freitag. Sie spielt auf einen …

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S.Korea dispatches delegation to China as Trump tariffs shift trade dynamics

SEOUL (Reuters) -South Korean President Lee Jae Myung will send a special delegation to China from August 24-27, his spokesperson said on Friday, as Seoul and Beijing increasingly align in response to U.S. President Donald Trump’s tariffs policy. The delegation will deliver a message from Lee emphasising the continued development of the countries’ strategic partnership, …

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German economy shrank 0.3% in second quarter as US tariffs slowed exports

By Maria Martinez BERLIN (Reuters) -Germany’s economy shrank by 0.3% in the second quarter compared with the first three months of the year, as demand from its top trading partner the United States slowed following months of buying ahead in anticipation of U.S. tariffs. The statistics office revised on Friday its preliminary reading of a …

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