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14.04.26 - 10:21
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France Plans €10 Billion Push To Cut Reliance On Gas and Oil (ZeroHedge)
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France Plans €10 Billion Push To Cut Reliance On Gas and Oil
France is shifting its response to rising fuel costs away from short-term relief and toward long-term electrification, according to Prime Minister Sébastien Lecornu. Instead of expanding fuel subsidies after oil prices spiked due to the Iran conflict, the government plans to redirect funding into helping households and businesses transition to electric energy, according to Bloomberg.
Under the plan, annual support for electrification will nearly double to €10 billion by 2030, up from €5.5 billion today. The increase will come from reallocating existing spending and cutting the state's own energy use, with funds aimed at technologies like electric vehicles and heat pumps to replace gas-based systems. Lecornu emphasized that the support would be targeted at those most in need while staying consistent with France's deficit-reduction goals.
Bloomberg writes that the government is prioritizing structural change over temporary fix...
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14.04.26 - 08:36
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Iran war hurting global economy as IMF meeting begins; oil falls on peace hopes – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsTask for the week: limit the fallout from biggest oil shock in decadesThe oil price is dipping today, on renewed hopes of a resolution to the Iran war.Brent crude is trading below $100 a barrel again, at $98.35, even though the US blockade on Iran's ports came into effect yesterday.President Trump's blockade of the Strait of Hormuz got underway yesterday, applying to all vessels making their way to or from Iranian ports. Is this a negotiating gambit, designed to choke off Iranian oil revenues, and force Iran back to the table? Almost certainly, it is, with it being just the latest instalment of the 'escalate to de-escalate' strategy that markets have come to be so familiar with over the last 15 months or so.That this latest manoeuvre is being viewed through this lens helps explain the relatively swift way in which markets were able to shrug off the weekend's developments. Not only did stocks pare opening declines, allowing the S&P future t...
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14.04.26 - 08:18
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Ölpreise geben nach - Notierungen unter 100 US-Dollar (DPA-AFX)
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NEW YORK/LONDON (dpa-AFX) - Die Ölpreise sind am Dienstag mit der Hoffnung auf eine Einigung zwischen den USA und dem Iran gesunken. Am Morgen wurde für ein Barrel (159 Liter) Rohöl der Sorte Brent aus der Nordsee 98,62 US-Dollar gezahlt und damit 0,74 ......
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