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German gas giant Uniper posts record €40 billion loss

GERMAN gas importer Uniper reported one of the biggest losses in the country's corporate history, with Russia's stranglehold on gas supplies leaving the giant utility struggling to survive.

Tim Daiss
German gas giant Uniper posts record €40 billion loss

Uniper reported a net loss of about €40 billion (US$39.3 billion) in the first nine months of the year after being forced to buy gas at prices far beyond what it paid Russia under long-term contracts,...

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