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Bringing Taiwan to the World and the World to Taiwan

Bringing Taiwan to the World and the World to Taiwan

German utility Uniper SE, which secured a 15 billion euro (US$15.3 billion) state bailout last month, reported a net loss of 12.3 billion euros for the first half of this year, mainly due to lower Russian gas supplies that forced it to buy at higher prices elsewhere. “Uniper has, for months, been playing a crucial role in stabilizing Germany’s gas supply — at the cost of billions in losses resulting from the sharp drop in gas deliveries from Russia,” chief executive Klaus-Dieter Maubach said. Uniper, Germany’s largest importer of Russian gas, said more than half of the net loss was d...

Bringing Taiwan to the World and the World to Taiwan

Oil has best week since last month on better outlook Bloomberg Oil posted the biggest weekly gain since early last month as signs emerged of a recovery from the COVID-19 pandemic gaining traction in the US and China. Futures in New York advanced 6.4 percent this week, despite eking out a small loss on Friday. On the heels of robust economic figures out of the US, data from China showed that its GDP climbed 18.3 percent in the first quarter of this year from a year prior as consumer spending beat forecasts. Last month, China’s refiners processed about 20 percent more crude than a year earl...