Germany

UK's Boris Johnson: cost of Russian victory in Ukraine is too high

SCHLOSS ELMAU, Germany, June 26 (Reuters) - World leaders must recognise the price of supporting Ukraine including the surge in energy and food costs but must also acknowledge that the price of allowing Russia to win would be far higher, British Prime Minister Boris Johnson said.

Speaking at the start of a Group of Seven summit on Sunday, Johnson said the West needed to maintain its unity in the face of Moscow's aggression.

Italy's Draghi backs large investments in gas infrastructure in developing countries

SCHLOSS ELMAU, Germany, June 26 (Reuters) - Large investments in gas infrastructure in developing countries are needed, Italian Prime Minister Mario Draghi said as leaders of the Group of Seven rich democracies unveiled projects on energy and infrastructure financing on Sunday.

"(It) is quite clear that in the present situation we'll have short-term needs that will require large investments in gas infrastructure in developing countries and elsewhere," Draghi said during a joint statement with G7 leaders.

U.S. confident Nato's strategy document will be "strong" on China, official says

SCHLOSS ELMAU, Germany, June 26 (Reuters) - The U.S. is confident that NATO's new strategy document will include "strong" language on China, a White House official said on Sunday, adding that negotiations on how to refer to Beijing were still underway.

The military alliance is at work preparing a new strategic concept - a strategy document setting out its aims and values - which is due to be unveiled at a summit in Madrid next week.

Germany: G7 summit opens amid lower expectations, protests

ELMAU, GERMANY (Xinhua) -- Leaders of the Group of Seven (G7) kicked off their three-day annual summit on Sunday in Schloss Elmau in south Germany's Bavarian Alps amid lower expectations and protests.

The summit will focus on the Russia-Ukraine conflict, climate and others, while the host dampened expectations.

Biden: G-7 to ban Russian gold in response to Ukraine war

ELMAU, Germany (AP) — President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia, the latest in a series of sanctions that the club of democracies hopes will further isolate Russia economically over its invasion of Ukraine.

A formal announcement was expected Tuesday as the leaders hold their annual summit.

German economy minister warns of industry shutdown amid gas shortage

BERLIN, June 24 (Reuters) - Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not enough come winter, Economy Minister Robert Habeck told Der Spiegel magazine.

"Companies would have to stop production, lay off their workers, supply chains would collapse, people would go into debt to pay their heating bills, that people would become poorer," Habeck told Der Spiegel on Friday, saying it was part of Russian President Vladimir Putin's strategy to divide the country.

Germany to charge most citizens for COVID-19 rapid tests

BERLIN (AP) — Germany will start charging for rapid COVID-19 tests that were previously free, though vulnerable groups will be exempt from the fee.

Health Minister Karl Lauterbach said Friday that starting July 1 the rapid tests widely available at centers across Germany will cost citizens 3 euros ($3.16) each, with the rest subsidized by the government.

The tests will remain free for people who can prove they belong to vulnerable groups, for visitors of care homes and hospitals, and for small children.

UN chief warns of ‘catastrophe’ from global food shortage

BERLIN (AP) — The head of the United Nations warned Friday that the world faces “catastrophe” because of the growing shortage of food around the globe.

U.N. Secretary-General Antonio Guterres said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an “unprecedented global hunger crisis” already affecting hundreds of millions of people.

Germany triggers gas alarm stage, accuses Russia of 'economic attack'

BERLIN, June 23 (Reuters) - Germany triggered the "alarm stage" of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe's largest economy.

The measure is the latest escalation in a standoff between Europe and Moscow since the Russian invasion of Ukraine that has exposed the bloc's dependence on Russian gas supplies and sparked a frantic search for alternative energy sources.

Euro zone labor shortage could be eased by influx of Ukrainians: ECB

FRANKFURT, June 20 (Xinhua) -- The influx of Ukrainians fleeing the Russia-Ukraine conflict could slightly ease the tightness observed in the euro area labor market., according to a monthly report published by the European Central Bank (ECB) on Monday.

Around 7 million people, mostly women and children, have left Ukraine, said the ECB in the report quoting the United Nations High Commissioner for Refugees (UNHCR), adding that a significant proportion of them is expected to reach the euro zone.

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