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Deutsche Wohnen, LEG to nip at Vonovia's heels after merger

German real estate groups Deutsche Wohnen and LEG Immobilien aim to keep growing via acquisitions following their planned merger, racing to catch up with larger peer Vonovia. Germany’s residential real estate sector has been marked by rapid consolidation in recent years as firms fight for a slice of a huge market for rental housing in which scale can help boost profitability. Deutsche Wohnen on Sunday unveiled plans to merge with

Fuel savings can pay for green energy shift

Making the global switch from climate-altering fossil fuels to renewables by 2050 would require an extra $1 trillion (880 billion euros) per year, but the bill will be covered by lower energy costs, a Greenpeace report said Monday. On top of some 600 billion euros per year already earmarked by governments and businesses for investment in renewables, the extra funding would be needed to build enough green energy generators to