Germany urged to cap heat in offices this winter to save gas
German businesses and public institutions should heat their offices no higher than 19 C this winter to help reduce the country's consumption of natural gas, Germany's economy minister said Saturday.
Germany, the European Union's biggest economy, is quickly trying to wean itself off using natural gas from Russia in response to Moscow's attack on Ukraine. However Germany uses more Russian gas imports than many other EU nations. Russia has already cut off gas exports to several EU nations, and officials fear Moscow will use the gas exports as a political weapon to get sanctions against Russia reduced -- or even cut the exports to Europe off altogether in the winter, when demand is the highest.
Economy Minister Robert Habeck said while the EU's 27 countries have pledged to cut their gas use by 15 per cent from August compared to the previous five-year average, Germany needs to reduce its consumption by 20 per cent.
Habeck is also proposing banning the heating of non-commercial private pools; switching off heating in common areas of public buildings, such as foyers; and switching off the lights on public billboards between 10 p.m. and 6 a.m.
When it comes to uncomfortable conversations, matters of inheritance may be near the top of the list. But as the cost of living rises and the generational wage gap grows wider, experts say it is now more important than ever to open up that dialogue.
Canadian employers are anticipating the highest salary increase in two decades as they try to balance inflationary pressures, surging interest rates, recession risks and a tight labour market, a new survey has found.
Along with a high inflation rate, Canadians are also contending with a loonie that's dropping in value. Personal finance columnist Christopher Liew explains the impact this will have on your personal finances, and tips to make your money go further.
Canadian shoppers are spending more at the grocery store, but bananas, tofu and flour remain affordable despite inflation.
Amid soaring prices at grocery stores, a new survey has found that 24 per cent of Canadians have had to cut back on the amount of food they were buying.
Tipping fatigue is hitting consumers as requests for gratuities increase and spread to new businesses amid the rise of automated payment machines and preset tip suggestions.
A new study shows Canadians are charging slightly less to their primary credit cards than they did a year ago as inflation remains high and buy now, pay later services grow more prominent.
A new study has found that the pandemic provided Canadians the opportunity to rethink their financial goals, with many moving, switching careers and planning to travel.