High energy costs drive companies away from EU – media ...News

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Firms in the metal and chemical industries, among others, are relocating to the US, The Wall Street Journal reports Soaring energy prices in Europe coupled with gas shortages are forcing many European companies to relocate or move part of their operations to the US, The Wall Street Journal reported this week. According to the paper, the companies are drawn by the fact that despite high inflation, gas prices in the US remain relatively low, while Washington, unlike Brussels, has not threatened to introduce fuel rationing to battle the energy crisis, which could be deadly for many industries. Washington also recentl

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