Europe News
EU grows impatient over Italy's hesitancy on €14.9bn defence loan
Italy hasn't decided how much of its €14.9bn SAFE defence loan it will use, as several domestic considerations affect the calculus. But Brussels and other member states are growing impatient to reallocate any unspent funds within the legal deadlines.
Economy
Food inflation to soar due to energy and fertiliser crisis, UN says
Rising energy and fertiliser prices are likely to continue contributing to food inflation globally, the UN warned in its latest report. This in turn can drive up the cost of a healthy diet and threaten progress against global hunger.
ADVERTISEMENT
EU.XL
The EU’s plan to triple energy storage as renewable power is wasted
Brussels, member states, industry, and banks have signed the EU's first Tripartite Agreement for Energy Storage to address a significant capacity gap, essential for lower energy costs and grid stability. Can a non-binding pact really deliver the storage Europe needs in time? Watch the video.
EU.XL
Can batteries save the EU's wasted renewable energy?
The EU's first tripartite agreement on energy storage, signed in June, puts batteries at the heart of plans to capture more solar and wind power. The technology is ready and getting cheaper, but market rules, grid delays, industrial policy and raw-material politics still hold it back.
Cuba
Cuba plunged into nationwide blackout in 10days as fuel runs low
Fuel has been scarce across Cuba since January, when US President Donald Trump threatened to impose tariffs on any nation that supplies or sells oil to the island, exacerbating the island's continuing financial and economic crises.
EU.XL
EU pushes to triple energy storage as renewable power goes to waste
EU energy ministers signed the first-ever tripartite agreement to boost the bloc’s energy storage capacity on 26 June. The EU needs 200 gigawatt (GW) of storage capacity by 2030, compared with the current 55. 22 member states promised to add around 30-35 GW of new capacity by 2028.
Europe Today
EU still can't prove €43 billion in home renovations saved energy
The EU accelerated home renovations after the pandemic, but according to its own auditors, it still lacks convincing evidence that the program delivered the energy savings and value for taxpayers that justified its massive investment.
Europe News
'Portugal is an energy island and needs more flexibility' – minister
The Portuguese government argues that because limited connections isolate Iberia from the European grid, the country faces many of the same challenges as the EU's outermost regions and deserves compensation for the lack of interconnections.
Economy
Inflation tumbled in June: where did prices cool the most in Europe?
Inflation fell more than expected across the single-currency bloc in June, easing pressure on the European Central Bank (ECB) and reviving hopes that the energy-driven spike triggered by the war in the Middle East is finally fading.