Germany’s Hopes of Avoiding a Recession Are Shrinking by the Day

As Germany’s Federal Network Agency urges companies to reduce gas use to avoid supply cutoffs, Uniper SE became the first major corporate casualty of the crisis. The utility, which has been forced to cover missing Russian supplies at surging spot-market prices, secured a 17 billion-euro ($17.3 billion) rescue package last week to prevent Germany’s energy network from collapsing.

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