Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

German inflation to remain high until end of 2024

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Dec 2022 13:55
3 Min Read

Inflation in Europe's largest economy is here to stay.

  • x
  • German inflation to remain high until end of 2024
    An 'aerial' shot of a supermarket in Germany. 

The inflation in Germany is likely to remain high until the end of 2024 as the country's as companies spill their rising costs onto customers, the government's senior economic aide warns. 

Read next: Intel U-turns on plan to kickstart chip manufacturing plant in Germany

"Inflation will also be an issue in 2024, and only thereafter will we maybe see it returning to 2%," Monika Schnitzer, who heads the council of economists that advises the German government said.

"Inflation is remaining high because we are seeing second round effects, with companies passing on their higher costs - and some significantly exaggerating," she added, according to Rheinische Post newspaper.

In November, Germany's inflation stood at around 11.3% running high at its fastest pace since the early 1950s. Schnitzer stated she was concerned about the high electricity prices, saying that it's urgent that the government checks whether it would make sense to let the remaining 3 nuclear plants run for 2 to 3 years beyond planned. 

"It would make sense to quickly order new fuel rods now, that would give us more security next winter," she added.

Related News

Over 1.7mln UK homes won't turn on heating this winter

Economists warn of worse days to come for Germany: The Telegraph

In October, Germany decided to extend the lifespans of the remaining three nuclear plants until April to accommodate to the energy crisis in the country. 

On November 29, Qatar agreed to supply Germany with two million tons of liquefied natural gas (LNG) a year for at least 15 years, as Germany attempts to replace all energy imports by mid-2024 as part of a Russia isolation policy. This deal, however, has been criticized as it only replaces 3% of the total need for LNG in Germany.

In the publicly-announced agreement between Qatar and Germany, the latter will receive two million tonnes of LNG at Brunsbüttel, which will be delivered, according to Qatar's Energy Minister Saad Sharida al-Kaabi, by American energy firm ConocoPhilipps. 

German Economy Minister Robert Habeck said the 15-year term of the deal was "great".

But the head of energy analytics, Andreas Schroeder, considered that the starting date of 2026 was late, as Germany needed LNG for 2023 and 2024.

"If German players do not secure sufficient volumes at an OK price for 2023, they will have to revert to spot LNG markets, and expose themselves to global price volatility," he pointed out.

On that note, German MP Kaus Ernst commented on the Qatar-Germany LNG agreement saying that the deal does not offer real alternatives to Russian gas.

  • Inflation in Europe
  • Europe
  • Economic inflation
  • inflation
  • Germany

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Displaced Palestinians walk through a makeshift camp along the beach in Gaza City, Sunday, Aug. 10, 2025 (AP)

Hamas, other factions accept Egypt-Qatar ceasefire proposal: Exclusive

  • Politics
  • 18 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS