Siempelkamp Foundry Prepared for Potential Gas Shortage with Innovative Furnace Preheating Methods

Siempelkamp Foundry Prepared for Potential Gas Shortage with Innovative Furnace Preheating Methods

The winter can come. The Krefeld foundry Siempelkamp has just completed its test runs in the event of an emergency where there could be no more gas. Although managing director Georg Geier does not expect another shortage, he is still prepared for the worst case scenario. His employees have practiced how they can preheat their … Read more

Heating Costs Set to Increase: New Plan for CO2 Prices Revealed

Heating Costs Set to Increase: New Plan for CO2 Prices Revealed

Heating with gas A reduced VAT of seven percent applies to gas until the end of March 2024. (Photo: IMAGO/Wolfgang Maria Weber) Düsseldorf Anyone who heats with oil or gas will have to reckon with greater price increases in the future than in the past. The federal government has drawn up a new plan for … Read more

“Rising Inflation Amid Record Profits: The Widening Wealth Gap”

Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more

Accumulate Bonds, Chinese A-Shares, and Thai Stocks as SCB CIO Foresees End of Interest Rate Hikes by Major Central Banks in Q2.

SCB CIO assesses after risk factors affecting financial institution stability Major central banks are expected to start signaling a halt to rate hikes within the second quarter and believe that there is a risk to financial institutions. Until it spread to become a crisis in the whole system, there are still quite a few Because … Read more

Energy costs: this is how a family can save 700 euros by taking a shower

Water-saving shower heads can also significantly reduce consumption. The quantity that passes through the tap per minute is reduced, depending on the model, to six to eight liters of water per minute. Such inexpensive shower heads are relatively affordable and easy to grow at home. The same effect has a so-called flow limiter, which can … Read more

KEPCO is 30 trillion won in deficit, but chaebol power companies are booming

◀ again ▶ With international energy prices soaring, KEPCO is expected to lose 30 trillion won this year. This year alone I raised my electricity bill three times, but I can’t afford it. But even in the midst of this, the chaebol power generation companies that produce and sell electricity to KEPCO are enjoying the … Read more

Chaos engulfs Europe! Mass demo and strikes everywhere

Jakarta, CNBC Indonesia – The deterioration of economic conditions in continental Europe has triggered massive protests and strikes in the region. Workers are demanding higher wages to compensate for sharp increases in energy and food prices. Thousands of Romanians joined the demonstration in Bucharest to protest against the cost of energy, food and other basic … Read more

Hospital in difficulty: Klinikum Bielefeld can only pay for electricity and gas with credit

Costs have tripled in one year – now the city has to contribute 7.3 million euros. But there are glimmers of hope. Michael Schlager 10/21/2022, 02:00 Bielefeld. In order for the Bielefeld clinic to pay its electricity and gas bills in the next year, the city, as owner, will grant the hospital a loan of … Read more

Sentiment in German companies is sinking

High energy costs and continuing uncertainty due to the war in Ukraine: the mood in German companies is currently negative. – The mood of the German economy deteriorated significantly in September. Ifo business sentiment fell 4.3 points to 84.3 points from the previous month, as announced Monday by the Ifo Institute in Munich. This is … Read more