One of europe's biggest power producers effectively having to receive a sort of cash bail out, almost by the german state. Several smaller power companies in the uk. Have gon bust because of the energy crisis. Is there anything that europe can do to get more gas out of russia?
Minutes from the latest Federal Reserve meeting show the US central bank gearing up for more aggressive tightening, tech stocks plummeted, Hong Kong is bracing for sharply higher food prices, and one of Germany’s biggest utilities, Uniper, has been forced to seek €10bn of financing to avoid a cash crunch. Plus, the FT’s US business editor, Andrew Edgecliffe-Johnson, talks about corporate America in the year since a mob of Trump supporters stormed the US Capitol.
Fed warns faster rate rises may be needed to tame soaring inflation
Audio from the January 6th Capitol riot provided by CSPAN
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