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We took a deep look at home building in Europe and it doesn't look good. Construction is tumbling because of higher costs and risks intensifying housing shortages and stoking social tensions. A short thread 1/ bloomberg.com/news/features/… via Bloomberg niclas rolander Laura Malsch

CHART OF THE DAY: The horror story of Germany’s industrial crisis continues. September was the 4th consecutive month of m-on-m decline in industrial activity, with energy-intensive firms (red line) under continued pressure.

German landowners will no longer be able to refuse access if grid operators need to connect renewable infrastructure on their property bloomberg.com/news/articles/… by Petra Sorge

It should be noted, that on top of lowering electricity taxes to all companies, the German government also agreed to extend further support to the most energy-intensive firms, including a 5-year extension of subsidy schemes to offset part of the cost of CO2 emissions.

Germany’s €60 billion hit puts its green shift further out of reach bloomberg.com/news/articles/… via Rachel Morison Carolynn Look

HOW ENERGY TRADERS LEFT A COUNTRY IN THE COLD Pakistan, one of the world’s poorest nations, thought it had secured natural gas to fuel its economy Commodities firms had other ideas Full story with Faseeh Mangi 👇 bloomberg.com/features/2023-…

🏦 El Banco Central Europeo mantuvo su tasa de interés sin cambios al tiempo que la inflación sigue cayendo. Christine Lagarde advirtió que el BCE no debe bajar la guardia en la lucha contra la inflación. Carolynn Look nos explica 👇🏻 trib.al/acr3ybu

Are you an ambitious German-speaking reporter with an interest in energy? Come join Petra Sorge and me in covering the country's fascinating energy transition (plus other talented teammates across the region) ⚡️🇩🇪 Position is based in Frankfurt or Berlin. careers.bloomberg.com/job/detail/122…

It's finally cold in Europe, and gas traders don't care, says Javier Blas 🌡️ The current cold in Europe isn't stirring gas supply fears. Mild weather until now has left storage high 📉 Gas prices are down 55% (!) compared to this time last year bloomberg.com/opinion/articl…

Fuel deliveries in parts of southern Germany are disrupted as farmers block roads and highways to protest against a planned phaseout of agriculture subsidies bloomberg.com/news/articles/…

Re-upping this now that 2024 has started. New Year, new job anyone?

🔳 ¿Quieres comenzar tu día bien informado? Suscríbete a nuestro boletín #CincoCosas y recibe en tu email las principales noticias de economía, finanzas y tecnología en español. Shery Ahn nos invita. Suscríbete aquí👇🏻 trib.al/aIfLYsr

⚡️ Europa avanza hacia un nuevo mundo después de una devastadora crisis energética. El precio del gas natural se desplomó, a pesar de la ola polar y de la intensa violencia en Medio Oriente. 🏭Pero ahora vendrán nuevos desafíos Priscila Azevedo Rocha nos explica trib.al/vii0rE8

📯🇩🇪Germany has a new plan to build a large-scale fleet of gas-fired, hydrogen-ready power plants to stabilise electricity production and accelerate the transition towards renewables. Would that be so simple for Berlin? How is this holding up with net-zero plans? 🧵

CHART OF THE DAY: The end of the German industrial might. Industrial output fell across the board in Dec, with a sharp drop in the energy-intensive sector (red line). Annual data now shows that German chemical production plunged to a 28-year low. ICYMY: bloomberg.com/opinion/articl…

The German government is touting a green rationale for building gas-fired power stations. It amounts to a risky bet on hydrogen's future as an energy source, Lara Williams writes bloomberg.com/opinion/articl… via Bloomberg Opinion

Germany’s days as an industrial superpower are coming to an end bloomberg.com/news/features/… via Wilfried Eckl-Dorna Jana Randow Carolynn Look Petra Sorge

Cocoa prices surge to an all-time high after decades of non-investment 🍫📈 ⚠️ The market headed for largest supply shortfall in at least 65 years 👉 The crisis is necessary, says Javier Blas. "The world needs higher prices to encourage the re-planting" bloomberg.com/opinion/articl…

¿Quieres saber lo que pasa en el mundo? Únete al canal de #WhatsApp de Bloomberg en Español y recibe las noticias de mayor impacto económico, político y financiero. trib.al/oVjfAEv

Germany's looming snap election throws a wrench into the country's energy goals - an overview on what's at stake: bloomberg.com/news/articles/… via Bloomberg Markets with Carolynn Look