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Dow Jones Futures Signal ‘Swift’ Market Losses As Russia Banks Targeted Amid Ukraine Invasion

Dow Jones futures signal a market rally reversal as the West ramps up sanctions vs. Russia banks amid the ongoing Ukraine invasion. Read More...

Reuters

Nuclear, coal, LNG: ‘no taboos’ in Germany’s energy about-face

BERLIN (Reuters) -Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even nuclear plants to cut dependency on Russian gas, part of a broad political rethink following Moscow’s invasion of Ukraine. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options. In a landmark speech on Sunday, Chancellor Olaf Scholz spelled out a more radical path to ensure Germany will be able to meet rising energy supply and diversify away from Russian gas, which accounts for half of Germany’s energy needs.

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