Chancellor Angela Merkel may ease proposed cuts in aid for wind power as she seeks to win backing for her green-energy plans from German states concerned about job losses, a state premier involved in the talks said.
EON SE wants to shutter a nuclear plant in Bavaria seven months ahead of schedule, cutting power capacity in the home of Bayerische Motoren Werke AG and Siemens AG as Germany’s biggest utility tries to save money.
Chancellor Angela Merkel’s planned revamp of the German energy industry may crimp the onshore wind expansion that’s key to her unprecedented switch from nuclear to renewable power sources, the country’s top wind state said.
The Colombian government’s drunk- driving crackdown, which has included fines of up to $14,000 and jail sentences as long as 18 years, is taking a toll on the nation’s biggest beer seller: SABMiller Plc.
Austrian Finance Minister Michael Spindelegger stuck to his line of having “no taboos” about how to wind down Hypo Alpe-Adria-Bank International AG after a task force he installed advised against insolvency yesterday.
The yen climbed the most in three weeks against the dollar as reports that Russian President Vladimir Putin put fighter jets on combat alert amid rising tensions in Ukraine boosted demand for less-risky assets.