Siemens Eats $2.4B Loss on Windmills, Black Sea Crisis Escalates

Siemens Energy reported a staggering $2.4B loss related previously announced defects on it's wind turbines. In an ominous statement, a company executive said they are exploring all options to deal with the crisis. Also over the weekend the crisis in the Black Sea escalated further when a Ukranian naval drone struck a Russian oil tanker near the Kerch Strait. This comes after weeks of escalating attacks in the Black Sea following Russian's withdrawal from the Black Sea Grain Deal.

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