Energy giant Uniper posted a net loss of around $39.3 billion for the first nine months of the year—one of the biggest in Germany’s corporate history—highlighting the financial fallout from Russia’s decision to throttle natural-gas deliveries to Europe, the Wall Street Journal reported. The company, which is soon to be nationalized by Germany in an attempt to stabilize it and protect its customers, said Thursday it was finalizing the details of additional state-support measures.

Germany's slowing economy means the government can borrow almost 36 billion euros next year, almost twice as much as expected, the Finance Ministry said, Reuters reported. In a letter to a legislator, first reported by newspaper Bild, the ministry said that provisions in Germany's constitutional debt brake aimed at balancing a cap on borrowing across the economic cycle meant the previously expected cap of 17.2 billion euros could now be exceeded. "This shows that the debt rule contains sufficient flexibility to remain effective even in crises," the letter read.

The German government said Wednesday that it plans to make plastic manufacturers contribute to the cost of cleaning up litter in streets and parks, the Associated Press reported. The Cabinet agreed on a bill that makers of products containing single-use plastic will need to pay into a central fund managed by the government, starting in 2025. The fund is estimated to collect about 450 million euros ($446 million) in the first year, based on the companies’ past production of single-use plastic. Affected items include cigarette filters, drink containers and packaging for takeout food.

The German government has agreed in principle to apply a cap on gas prices for some 25,000 large industrial companies from Jan. 1, 2023, the economy ministry said on Monday, after an expert commission presented its proposals in Berlin, Reuters reported. The ministry said that the government will make some technical adjustments to the commission's original proposal, but a cap of 7 euros cents per kilowatt hours for 70% of companies consumption will apply as per the commission's suggestions. Read more.

Hopes that the euro zone can stave off a recession got a boost as Germany defied expectations by reporting another quarter of economic growth, though momentum slowed dramatically in France and Spain, Bloomberg News reported. Surging energy prices, record inflation and rising interest rates are weighing on output across the continent in the third quarter as a post-lockdown splurge on leisure and tourism fades. But data Friday showed Germany managed to grow by 0.3% between July and September. Consumer-price growth from the region was mixed.

Germany, considered Europe's most reliable debtor, is having trouble selling its bonds, just as it seeks billions to tackle the energy crisis, Reuters reported. Recent weak auctions have demonstrated the challenges of issuing debt in markets racked with uncertainty about interest rates and state spending, and made it harder for Germany - typically a reluctant spender - as it seeks to fund its 200 billion euro ($201.40 billion) scheme to cut domestic energy costs.

Germany is preparing for a worst-case scenario in which it needs to double financial aid to Uniper SE, the nation’s biggest gas supplier, to €60 billion, Bloomberg News reported. Uniper’s financial situation is worsening with an expected adjusted net loss of €3.2 billion ($3.2 billion) for the first nine months of the year as it buys more expensive wholesale gas to meet supply contracts after Moscow cut flows. Prices would have to stay high for two years for the shortfall to hit the government’s maximum projection.

The German parliament on Friday cleared the way for the government to provide up to 200 billion euros ($195 billion) in subsidies to households and businesses to ease the strain of high energy prices, a plan that has been greeted with suspicion elsewhere in Europe, the Associated Press reported. Lawmakers agreed to let a government economic stabilization fund borrow the money and approved an exemption from a rule that imposes severe limits on running up new debt.

Customers of German cryptocurrency bank Nuri (formerly known as Bitwala) are being urged to withdraw their money before December 18 in order for the “company to be terminated and liquidated,” BollyInside.com reported. Due to the lengthy crypto bear market and macroeconomic factors, Nuri filed for insolvency in August. Trading will be available through November’s end. “Over the past three months, we have worked closely with our insolvency administrators on a restructuring plan during the preliminary insolvency proceedings and have looked for a possible acquisition to carry on our story.

German prosecutors have searched the headquarters of Deutsche Bank in connection with an ongoing investigation of the multibillion-euro tax fraud scheme known as "cum-ex", Deutsche Bank said on Tuesday, Reuters reported. Germany's largest lender is one of many banks that prosecutors have raided in connection with the tax scheme that thrived more than a decade ago.