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Dollar gains, stocks teeter as US data suggests rates to stay higher

The dollar rose and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the...
HomeLatestGerman Chancellor Scholz: Germany is ready for Russia to cut gas supply

German Chancellor Scholz: Germany is ready for Russia to cut gas supply

German Chancellor Scholz issued a statement on the 10th local time, saying that if Russia completely stops natural gas supplies, Germany and Europe are ready to deal with the consequences.

In a statement, Scholz said Germany would be prepared for even if Russia “largely cuts off gas supplies.” He added that Germany has established gas terminals on Germany’s northern coast to import LNG. We have stored natural gas and have turned coal-fired power plants back on. Early next year, if necessary, we will use the remaining nuclear power plants in the south of Germany,” Scholz said.