EU
UK bolsters gas stockpile for winter with Ukraine war squeezing supply and sending prices soaring
Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | Moment | Getty Images Norwegian energy firm Equinor said Thursday it would deliver extra gas to the U.K.’s Centrica over the next three […]
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European Central Bank to create new tool to address fragmentation risk after bond yields surge
Christine Lagarde, President of the European Central Bank. The central bank scheduled an emergency meeting to address higher bond yields. John Thys | Afp | Getty Images The European Central Bank announced Wednesday that it plans to create a new tool to tackle the risk of euro zone fragmentation, in a move designed to assuage […]
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EU launches new legal steps against Britain over N. Ireland plans
The U.K. government on Tuesday announced its intention to drastically overhaul post-Brexit trade rules in Northern Ireland, arguing the plan was needed to end political paralysis in the territory but risking a trade war with the EU. Paul Faith | Afp | Getty Images The European Commission launched two new legal proceedings against Britain on […]
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The UK’s plan to rip up Brexit trade rules slammed for being in ‘clear breach’ of international law
The U.K. government has pushed ahead with plans to unilaterally override parts of the Northern Ireland protocol it agreed with the EU in 2019. Liam Mcburney – Pa Images | Pa Images | Getty Images LONDON — The U.K. government has pushed ahead with controversial plans to unilaterally override post-Brexit trade rules, ratcheting up the […]
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Hungary says it’s impossible for Europe to ban Russian gas anytime soon. Putin agrees
Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, saying it would be “impossible.” Landlocked Hungary is overwhelmingly dependent on Russian hydrocarbons. Szijjarto’s comments come as President Vladimir Putin says he believes the West will not be able to wean itself […]
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Goodbye gasoline cars? EU lawmakers vote to ban new sales from 2035
Traffic in Paris, France, on May 12, 2020. The European Parliament now supports the European Commission’s goal of a 100% cut in emissions from new passenger cars and vans by 2035. Ludovic Marin | AFP | Getty Images European lawmakers have voted to ban the sale of new diesel and gasoline cars and vans in […]
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Ukraine wants to join the European Union. But it is not going to be easy
Ukraine has requested to become a member of the EU, but the process is likely to take some time and it is unclear if there is a broad support to accept several new nations in the bloc. Nurphoto | Nurphoto | Getty Images The European Union could be about to throw its support behind Ukraine […]
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EU agrees to make common charger mandatory for Apple iPhones and other devices
gelmold | iStock | Getty Images The European Commission, the executive arm of the European Union, is going to force smartphone manufacturers like Apple and other electronics makers to equip their devices with a standard USB-C charging port. EU lawmakers on Tuesday agreed to a single mobile charging port for mobile phones, tablets and cameras. It […]
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GE, Orsted and now Iberdrola: The competition to recycle wind turbine blades hots up
Wind turbine blades photographed at a site in Denmark. The issue of what to do with blades when they’re no longer needed is a headache for the industry. Jonathanfilskov-photography | Istock | Getty Images Spanish energy firm Iberdrola has jointly established a company that will recycle components used in renewable energy installations, including wind turbine […]
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Russia hits back at the EU’s partial oil embargo, says it will find other importers for its crude
The EU’s partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | Afp | Getty Images Moscow pledged to find other importers for its oil shortly after the world’s largest trading bloc agreed to impose a partial […]
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