The government on Wednesday slashed its growth forecast for this year to 0.2% from 1.3%, after a contraction in 2023.

Europe risks losing out to China and the US in the race to supply the technologies needed to roll out renewables and slash industrial emissions.

“The European Commission’s carbon capture ambition is significant at ~450 million tonnes of CO2 by 2050, of which around 40% will come from direct air capture (DAC) alone, the most expensive carbon capture process.

While the outlook is weak, the bank said it expects no major deterioration in the labour market, which has insulated the economy so far, and Germany was not facing a broad-based, prolonged recession.

The UK’s nuclear sector has launched its first sector-wide initiative to attract and recruit people over the next two decades into the civil and defence nuclear workforce.

A key focus of the partnership will be on hydrogen isotope management within the fusion fuel cycle, safely removing, processing, and reinjecting fuel to the plasma in a continuous manner.

The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine

The European Commission on Thursday said Germany will be the biggest drag on euro zone growth this year and next, with growth of only 0.3% in 2024 rather than 0.8% expected in November and 1.2% in 2025, after a 0.3% recession last year.

The aid provided by seven countries is expected to unlock an additional 5.4 billion euros in private investments, with 32 companies participating in 33 projects, the commission said.

In a statement, Rosneft’s law firm Malmendier Legal said such an expropriation would be “unprecedented in Germany’s post-war history” and that the Kremlin-controlled company would take “all necessary measures” to protect the rights of its shareholders.

The European Commission set up a European SMR pre-Partnership in June last year with the overall objective of identifying enabling conditions and constraints,

Russia is interested in “how scrupulously” German authorities will approach the investigation given Germany “has lost a lot due to this terrorist attack,” Kremlin spokesman Dmitry Peskov told reporters on Wednesday, when asked about Sweden’s decision, according to Interfax.

Industrial production fell in December by 1.6% compared with the previous month. Analysts polled by Reuters had predicted a 0.4% fall.

Volatility has become a dominant feature of Europe’s market as it transforms into an international hub for gas trading.

The US was the supplier of 56% of the total, with some 14% coming from Russia and 10% from Algeria. Notably, around 7% was also originating from Qatar and 4% from Nigeria.