
German Coal Operator Sues Regulator Over Plants' Standby Status
German utility Steag GmbH said it's suing the country's energy regulator for putting its coal-fired power plants on standby instead of switching them off entirely.
The lawsuit comes after the Federal Network Agency ordered Essen-based Steag to keep the units in a so-called grid reserve to cover electricity shortages. The utility lodged a complaint against the agency last year, saying the stations are unprofitable as they can't participate in the daily power market.

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Hamilton Spectator
an hour ago
- Hamilton Spectator
Apparel brand Oak + Fort to restructure amid tariff woes
VANCOUVER - Canadian apparel brand Oak + Fort says it has obtained creditor protection as it works to restructure the business. The Vancouver-based company says the move is necessary because U.S. tariffs have joined other price pressures and led to a decline in consumer confidence and spending. The tariffs arrived after Oak + Fort pushed to open 26 new Canadian and U.S. stores in the last four years, which the company says resulted in a reduced and ultimately insufficient investment in its e-commerce platforms. Court documents show the company owes more than $25 million to creditors including some landlords who didn't receive May rent payments. Oak + Fort says it will continue to operate stores and an e-commerce business during the restructuring. The retailer has hired Reflect Advisors LLC to assist with the restructuring. Oak + Fort was founded in 2010 as an online boutique that eventually expanded to 42 stores in Canada and the U.S. selling womenswear, menswear, accessories, jewelry and home goods. This report by The Canadian Press was first published June 7, 2025.


The Hill
5 hours ago
- The Hill
Sunday shows preview: Trump-Musk spat leaves admin reeling; ‘Big, beautiful bill' hits speed bump
President Trump and tech billionaire Elon Musk's feud spilled out in public on Thursday, with the world's richest man and the world's most powerful leader trading barbs that engulfed news cycles in Washington and abroad. Musk, a Trump ally, was vocal about his disappointment with Trump's 'Big, Beautiful Bill' currently sitting in the Senate. Musk, who spent millions during the 2024 presidential campaign to help elect Trump, called the massive piece of legislation a 'disgusting abomination.' Trump then weighed in on Thursday at the White House during German Chancellor Friedrich Merz's visit, saying, 'Elon and I had a great relationship. I don't know if we will anymore.' The spat intensified, with Musk floating the prospects of creating a third party, claiming that without his political contributions, Trump would not be victorious against ex-Vice President Harris in November and accusing the president of having ties to convicted sex offender Jeffrey Epstein. Trump threatened to cut off federal contracts awarded to Musk's companies. Later on Thursday, Musk signaled he might be open to brokering a truce with the commander-in-chief. After speaking with several news outlets Friday morning, Trump suggested he is ready to move on and indicated that he will not be speaking with Musk for a while. Trump told CNN Friday morning that he is 'not even thinking about Elon' and added that the SpaceX and Tesla CEO has 'got a problem. The poor guy's got a problem.' In the Senate, Trump's agenda bill, which passed the House chamber last month, has sparked concerns and criticism from GOP senators. The first group of GOP Sens., which consists of Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), Jerry Moran (R-Kan.) and Josh Hawley (R-Mo.), are arguing they could vote against the bill if it slashes Medicaid benefits. Others, including Sens. Rand Paul (R-Ky.) and Ron Johnson (R-Wis.) have previously said they would not back the legislation if it retains the current debt and spending levels. The GOP can have three defections total if all Democrats vote against the legislation. Sen. Johnson will be on CNN's 'State of the Union where he will likely discuss if any of his concerns regarding the 'Big, Beautiful Bill' have been addressed. As part of a push to root out waste, fraud and abuse within Medicare, Sen. Thom Tillis (R-N.C.) said this week that a bill sponsored by Sens. Bill Cassidy (R-La.) and Jeff Merkley (D-Ore.), that would crack down on Medicare Advantage overpayments known as 'upcoding,' could be inserted into Trump's massive legislation. Cassidy will be on NewsNation's 'The Hill Sunday,' where he will likely discuss the latest on the reconciliation package along with his recent visit to the White House. NewsNation's 'The Hill Sunday': Sen. Bill Cassidy (R-La.); Rep. Sarah Elfreth (D-Ma); U.S. Chamber of Commerce chief policy officer Neil Bradley. ABC's 'This Week': Ukrainian President Volodymyr Zelenskyy; House Speaker Mike Johnson (R-La.). NBC's 'Meet the Press': Sens. James Lankford (R-Okla.), and Cory Booker (D-N.J.). CNN's 'State of the Union': 'Sens. Bernie Sanders (I-Vt.), Ron Johnson (R-Wis.), and Markwayne Mullin (R-Okla.); Rep. Nicole Malliotakis (R-N.Y.). CBS' 'Face the Nation': National Economic Council Director Kevin Hassett; Sen. Amy Klobuchar (D-Minn.); Rep. Tony Gonzales (R-Texas); Save the Children U.S. President and CEO Janti Soeripto. 'Fox News Sunday': Office of Management and Budget Director Russ Vought; Sen. Rick Scott (R-Fla.); Rep. Michael McCaul (R-Texas). Fox News' 'Sunday Morning Futures': Secretary Of Interior Doug Burgum, Sen. Rand Paul (R-Ky.); House Ways And Means Committee Chairman Rep. Jason Smith (R-Mo.); Rep. Marjorie Taylor Greene (R-Ga.).


New York Post
7 hours ago
- New York Post
German town offers free 2-week stay to lure people to relocate there
A German town trying to beef up its population is luring in new residents by offering them a two-week trial accommodation — on the house. Eisenhüttenstadt, around 60 miles from Berlin, was built in 1950. dpa/picture alliance via Getty Images Eisenhüttenstadt, around 60 miles from Berlin, is accepting applications for the program — which will run from Sept. 6 to 20 — until the beginning of July. Advertisement 'The project is aimed at anyone interested in moving to Eisenhüttenstadt—such as commuters, those interested in returning to the town, skilled workers, or self-employed individuals seeking a change of scenery,' the local council said in a statement, according to CNN Travel. The initiative in the city, which now has a population of around 24,000, is part of an 'innovative immigration project' named 'Make Plans Now,' the council continued. Local businesses will offer internships and job shadowing. dpa/picture alliance via Getty Images Advertisement Those enrolled in the program will also participate in activities designed just for them, including a tour of Eisenhüttenstadt, home to historical buildings from the Soviet era. One man was so captivated by its architecture that he had already moved there. 'We were traveling to Ratzdorf with friends and drove through Karl-Marx-Straße. And I saw these houses, this architecture that completely blew me away, and I said to my wife, 'I'm going to move here,'' he wrote on the town hall's Instagram account. Eisenhüttenstadt, which means Steel Mill Town, was built around a steel mill. Guests will get the chance to explore its factories as well. Advertisement The town also houses the largest integrated steelworks facility in eastern Germany, which employs 2,500 people and acts as a metals processing hub. Local businesses will also offer internships, job shadowing and conduct interviews with tourists, who can move there and join their labor force. Founded in 1950, Eisenhüttenstadt was the first town built from scratch under then East Germany's socialist government. At its peak, it boasted a population of 50,000. Advertisement It was originally named Stalinstadt, or Stalin Town, after the late Soviet leader, Joseph Stalin, but was renamed after the fall of the Berlin Wall in 1989 and the German reunification.