A G7 official said the Group of Seven (G7) alliance will seek to set two price caps on Russian refined products in February, one for products trading at a premium to crude and the other for those trading at a discount . The coalition – which includes Australia, Canada, Japan and the United States, as […]
Britain could experience its hottest year ever in 2022, its national weather service said on Wednesday. Global temperatures will only stop rising if countries reduce their emissions to “net zero” – meaning they do not release more greenhouse gases into the atmosphere than they remove. The 27-nation European Union, Britain, Canada, Japan and others have […]
The European Union is planning to phase out palm oil-based fuel by 2030 due to its alleged link to deforestation. During their bilateral meeting, Anwar and Jokowi signed eight memorandums of understanding covering shipping, export-import financing, green energy, development of the battery industry, which they said they hoped would enhance cross-border trade and Investment will […]
Meanwhile, the EU’s foreign policy chief, Josep Borrell, acknowledges that “economic interdependence is becoming very prone to political conflict”: the pandemic disrupted supply chains; China deliberately creates dependence, Russia can turn off the gas tap at will. One of the areas listed in the Berlin Coalition Agreement at the end of 2021 as particularly deserving […]
Google has asked the tribunal to set aside the CCI order and the matter will be heard on Wednesday. The Indian competition decision came as Google escalated the antitrust probe around the world. Google licenses its Android system to smartphone makers, but critics say it imposes restrictions that are anti-competitive. The US firm says Android […]
The Republic of Turkey was established 100 years ago. Since then, the country has experienced a transition from a one-party to a multi-party system, a military coup in the 1960s, nearly a decade of violence on its streets in the 70s, followed by another coup, and several unstable coalition governments in the 90s. , and […]
US economy ‘most resilient’ Meanwhile, Georgieva said, the US economy is standing apart and may avoid the outright contraction that is likely to affect a third of the world’s economies. “America is the most resilient,” he said, and it “can survive a recession. We see the labor market remains very strong.” But that fact in […]
“Today Croatia joined the Schengen area and the Eurozone, two huge achievements for the youngest member state of the European Union and both reached on the same day. So indeed, it is a day for the history books.” Plenkovic and von der Leyen later visited the capital Zagreb where they bought coffee at a cafe […]
Croatia, a former Yugoslav republic of 3.9 million people that fought for independence in the 1990s, joined the EU in 2013. The euro is already present to a large extent in Croatia. About 80 percent of bank deposits are denominated in euros and Zagreb’s main trading partners are in the eurozone. Croatians have long valued […]
The decree, which includes a clause that allows Putin to waive the ban in special cases, said: “It … comes into force on February 1, 2023 and remains in force until July 1, 2023.” Crude oil exports will be banned from February 1, but the date for the ban on oil products will be set […]
According to statements by ministers from the United States, Canada, Japan, Germany, France, Italy and Britain, the entire amount has now been distributed or is in the process of being distributed to Ukraine. German Finance Minister Christian Lindner said that supporting Ukraine following Russia’s invasion is a priority for the G7. Germany, which took over […]
Peter Liese, the European Parliament’s chief negotiator, said, “From 2027, it’s crisis time. By then everyone needs to reduce emissions or pay a lot.” From 2026-2034, the EU will phase out the free CO2 permits it currently gives to industries to protect them from foreign competition. Those permits will be phased out as the EU […]
