🇩🇪🏭📉 — 🇺🇸 Bloomberg | Germany’s Days as an Industrial Superpower Are Coming to an End | As political paralysis grips Berlin, the energy crisis was the final blow for a growing number of manufacturers | February 10, 2024:

"(...)

The underpinnings of Germany’s industrial machine have fallen like dominoes. The US is drifting away from Europe and is seeking to compete with its transatlantic allies for climate investment. China is becoming a bigger rival and is no longer an insatiable buyer of German goods. The final blow for some heavy manufacturers was the end of huge volumes of cheap Russian natural gas.

(...)

In some cases, the industrial downshift is taking place in small steps like scaling back expansion and investment plans. Others are more evident like shifting production lines and trimming staff. In extreme instances — like Vallourec SACA’s pipe plant, once part of fallen industrial giant Mannesmann — the consequence is permanent closure.

(...)

China is now causing trouble for Germany in a number of ways. On top of its strategic shift into advanced manufacturing, a slowdown of the Asian superpower’s economy is sapping demand for German goods even further. At the same time, cheap competition from China is worrying industries key for Germany’s climate transition — and not just electric cars."

#Geoeconomics

🗄 Archive

🔗 Source:

🇺🇸📞❗️ — United States House of Representatives Intelligence Chairman Mike Turner from Ohio said all members of Congress have access to info on "a serious national security threat."

Given this, he requested US President Biden "declassify all information relating to this threat so that Congress, the Administration, and our allies can openly discuss the actions necessary to respond to this threat"

🇺🇸📞❗️ — 📰 Faytuks News on Twitter/X:

House members got this earlier: The House Permanent Select Committee on Intelligence has identified an urgent matter with regard to a destabilizing foreign military capability that should be known by all Congressional Policy Makers

🔗 Faytuks News Δ (@Faytuks)

🇺🇸📞❗️ — 📰 Faytuks News: The top Democrat on the Intelligence Committee tells Bloomberg that this is not something to panic about, adding that it's a "serious" but "long-standing" issue

https://fxtwitter.com/Faytuks/status/1757819134660731302

#BREAKING

🇷🇺❌🌐 — 📰 CNN: Sources familiar with the matter and a US official tell CNN the threat is related to Russia.

➡️ Multiple sources familiar with the intelligence characterized the intelligence as “very sensitive.”

➡️ One of the sources who has seen the intelligence confirmed that “it is, in fact, a highly concerning and destabilizing” Russian capability “that we were recently made aware of.”

➡️ “I reached out earlier this week to the Gang of Eight to offer myself for up for a personal briefing to the Gang of Eight and, in fact, we scheduled a briefing for the for House members of the Gang of Eight tomorrow,” Sullivan said from the White House. “That’s been on the books. So I am a bit surprised that Congressman Turner came out publicly today in advance of a meeting on the books for me to go sit with him alongside our intelligence and defense professionals tomorrow.”

🔗 Link

🇺🇸📞📹 — NBC News' Peter Alexander asks about Representative Turner's statement:

"Can you tell Americans that there's nothing they have to worry about right now in terms of what he describes as a national security threat?"

White House National Security Advisor Jake Sullivan:

"That question is impossible to answer with a straight yes."

🔗 CSPAN (@cspan)

🇺🇸🕊📃 — 🇺🇸 US House Speaker: There's no need for public alarm on Security Threats to United States of America

🇷🇺❌🌐❗️ — 📰 White House's Correspondent for Fox News, Ms. Jacqui Heinrich on Twitter/X:

➡️ More: Pentagon official tells me this threat has to do with space.

🔗Jacqui Heinrich (@JacquiHeinrich):