New north-south German power line seen in mid-2027
FRANKFURT, April 15 (Reuters) - Germany's energy grid regulator said that a new 300 kilometre power transmission line is expected to go into operation in mid-2027, having received approval on Tuesday as the authority seeks to support the transportation of low-carbon electricity to consumers.
"The A-Nord line, from mid-2027 will bring northern wind power to North-Rhine Westphalia state," said Klaus Mueller, the head of the regulatory authority, Bundesnetzagentur, in a call with reporters.
"We expect approval for a second line, Ultranet, to be given in the second half of 2025, showing the rightly expected network expansion will be sped up and turned into reality," he added, referring to a line going further south.
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Scottish Sun
an hour ago
- Scottish Sun
White House arranges ‘peace talks' call after Trump and Elon's feud went nuclear with Epstein barb & impeachment threat
DONALD Trump and Elon Musk's bitter public feud is set for another twist today with the pair reportedly sitting down for peace talks. The White House is believed to have been scrambling to arrange a phone call between the most powerful man in America and the world's richest person. 10 The White House has reportedly managed to arrange a phone call between Donald Trump and Elon Musk later today to solve their bitter feud Credit: AP 10 Musk spent hours posting dozens of remarks towards Trump, his presidency and the 'Big Beautiful Bill' on Thursday Credit: Reuters 10 The Tesla boss made unfounded allegations about Trump's relationship with Jeffrey Epstein on Thursday Credit: X 10 Trump fired back with a trio of Truth Social posts Credit: Truth Social 10 Those in Washington have been trying to end the nuclear feud before it turns any worse after hours of outlandish Jefferey Epstein claims and brutal impeachment barbs. White House aides have now managed to schedule a call today with the billionaire CEO and Trump to try and broker peace, according to Politico. The two powerful men had been close allies for the best part of a year since Musk sided with Trump during the 2024 US presidential election. They were almost inseparable for months after Trump's seismic victory at the polls in November. But their impending break up came over the weekend when Musk stepped away from his governmental duties with the Department of Government Efficiency. Trump gave his friend a touching send off in a final Oval Office interview which was overshadowed by Musk's peculiar black eye. But ever since, their relationship has taken a steep and sour turn. The Tesla chief has been highly critical of the president's "Big Beautiful Bill" on several occasions online. He even labelled it a "massive, outrageous, pork-filled Congressional spending bill". Trump soon responded and sparked a very public fallout between the pair which came to blows on Thursday. Elon Musk's craziest moments, as Tesla CEO leaves White House after 130 days of drama: from chainsaw to double hats and billionaire has ALREADY turned on Trump The worst of the lot came from Musk who called for the president's impeachment and made unfounded allegations about Trump's relationship with Jeffrey Epstein. Musk claimed that Trump is withholding the infamous Epstein files due to his name appearing in them. Despite the remark there is no evidence that Trump had any involvement in convicted sex offender Epstein's crimes. Trump hit back on Truth Social saying Elon was "wearing thin" and that the president had to ask him to leave the White House. He went on to say that the US government could end all federal contracts with Musk's companies if the insults continued to fly. Trump described the possible move as a money saving measure. Musk even said the 2024 US election, which Trump won by a landslide, was thanks to his support. The debate quickly dragged in other pivotal US figures with White House press secretary Karoline Leavitt saying Musk was having an "unfortunate episode". 10 Musk also claimed to be the reason why Trump won the 2024 election Credit: X 10 Rumours of a potential feud have been around for months after cracks started to show in the pair's relationship Credit: AFP 10 The bitter feud started when Musk publicly criticised the 'Big Beautiful Bill' put forward by Trump Credit: X The SpaceX boss spent hours on his X platform addressing the heated situation overnight. Despite going on the commenting spree targeting the governmental bill and Trump's presidency, Musk did appear to be open to a reconciling. American billionaire hedge fund manager Bill Ackman sent out a message urging both men to make up for the good of the US. He personally tweeted at Musk and Trump saying: "We are much stronger together than apart." Musk replied to the message by saying: "You're not wrong." Trump is yet to publicly speak on if he believes there is a way back for the pair. But he did tell Politico in a phone call that everything is "going very well, never done better'. How did Musk and Trump's relationship capitulate? ELON Musk and Donald Trump spent Thursday trading barbs over social media. The Tesla owner called for Trump's impeachment as the president hit back and said the government could end all federal contracts with Musk's companies. Here's how it went down: On Tuesday, Musk tweeted that Trump's signature spending "big beautiful" spending bill was a "disgusting abomination" that would add billions to the federal deficit On Thursday in the Oval Office, Trump addressed Musk's criticism of the bill by accusing Musk of trying to kill it because the bill ends federal subsidies for electric vehicles, which would cost Musk's company Tesla significant profits Musk responded by live-posting on X as Trump spoke, initially shrugging off the president's assessment with an unbothered "Whatever," before tearing into the bill's other spending provisions Trump escalated the feud after the Oval Office meeting with multiple posts on Truth Social, saying he told Musk to leave the White House instead of continuing to work with Doge and threatening to dump Musk's federal contracts, which are worth billions Musk fired back on X by saying he was "decommissioning" the Dragon spacecraft made by SpaceX that brought the stranded Nasa astronauts back from the International Space Station in March Musk also escalated the war of words by reposting and replying "Yes" to a tweet claiming that Trump should be impeached and replaced by Vice President JD Vance Musk further fanned the flames by claiming that Trump is named in the infamous "Epstein files" and making unfounded accusations that its the reason they haven't been released to the public. He added that despite Musk's popularity with voters, the president's favorability ratings have continued to go "through the roof". Trump is currently embroiled in several emergency peace talks across the globe. He has been urgently looking to end the war in Ukraine since entering office in January by keeping both Volodymyr Zelensky and Vladimir Putin on side. The president also held a crunch phone call with China's Xi Jinping on Thursday. Trump described it as a "very good" conversation and said he has been invited to Beijing in the coming months. It comes amid weeks of escalating trade tensions after Trump announced especially bruising tariffs on China. How Elon made his billions... ONLY a few individuals in the world stand a chance at becoming the world's first trillionaire - and Elon Musk is near the top of that list. Since the start of his career, Musk has been able to amass an extensive fortune and kept a hold of the "world's richest man" moniker for years. His career in the business world dates back to 1995, when he and his brother, Kimbal Musk, started the software firm, Zip2, which created internet city guides for the New York Times and Chicago Tribune. Four years later, in February 1999, Compaq acquired the company for $307 million in cash, giving Musk $22 million for his seven percent share from the sale. Later in 1999, he then co-founded one of the world's first online banks, which merged with PayPal the following year. A notorious workaholic, he doesn't spend his money on lavish vacations or expensive hobbies. Instead, the entrepreneur spends most of his free time at the office or in factories. Nowadays, most of his wealth continues to tick over thanks to his multiple business ventures including founding giant companies like Tesla and SpaceX. Musk's worth also comes from the stock market, which he has helped influence greatly over the years. At the beginning of 2021, Musk made the price of Bitcoin break all-time records after he revealed Tesla invested $1.5billion in the cryptocurrency. In 2022, Musk hit headlines once more when he made an audacious paid for Twitter and turned it into X. 10 Trump gave Musk a touching send off over the weekend when he left the White House and stepped away from DOGE Credit: Reuters
Reuters
2 hours ago
- Reuters
China yuan's trade-weighted value falls to near two-year low
SHANGHAI, June 6 (Reuters) - The Chinese yuan's value against its major trading partners fell close to a two-year low on Friday, reflecting the central bank's efforts to keep it steady versus the U.S. dollar even as other currencies rise sharply. The People's Bank of China (PBOC) has been carefully managing its currency, allowing only marginal appreciation against the dollar even as other major and Asian currencies rally against a weakening U.S. currency. The policy, done through keeping the daily official yuan midpoint guidance steady, is expected to protect exporters during an ongoing trade war by offsetting tariffs with better currency conversion rates for their revenues. A steadier yuan will also ensure there is no chaotic rush by corporates and households to sell their nearly $1 trillion in foreign exchange deposits. While Beijing has said it does not deliberately seek a weaker currency, the currency's passive decline comes at a time of heightened Sino-U.S. tensions for an economy struggling with deflationary pressures and weak domestic demand. The CFETS yuan index (.CFSCNYI), opens new tab, a gauge that measures the yuan's weighted value versus 25 currencies of trading partners, fell to 95.58 and is down 5.8% year-to-date, according to Reuters calculations based on official data. The yuan has, however, strengthened 1.6% versus the dollar during the same period. The official yuan midpoint has barely changed and is up about 0.05% this year. Goldman Sachs estimated that a 10% yuan depreciation in trade-weighted terms could increase goods exports by 5% with a one-quarter lag, equivalent to a an increase of 75-basis-point GDP growth impulse. "A greater than 5% decline in CFETS within five months may be too fast and a further dip below 95 could fuel concerns or even some hostility from other Asian trading partners," Barclays analysts said in a note.
Reuters
3 hours ago
- Reuters
India incentives for critical minerals recycling in final stages of approval, government document shows
NEW DELHI, June 6 (Reuters) - India's incentive scheme for recycling of critical minerals is in the final stages of getting approvals, as the country strives to meet its clean energy goals, according to a mines ministry government document. The scheme, which will includes lithium-ion batteries, will give capex subsidy to eligible recyclers, according to the document shared with reporters at an event. India is planning to launch incentives for the recycling of 24 critical minerals this year, including lithium and cobalt, Reuters reported in April.
