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Meloni bashes Brussels for financial flexibility amid energy crunch

Italian Prime Minister Giorgia Meloni has begun pressing in Brussels for greater fiscal flexibility to curb rising energy costs. With general elections scheduled for 2027, a surge in energy prices could undermine public support for her government.

Europe News

MEPs accuse EU of copy-pasting Microsoft lobbying into data centre law

At the core of the dispute is a European Commission rule on data centre ratings, which EU lawmakers say would significantly restrict public access to information about the environmental performance of individual facilities.

Business

BP sacks chairman Manifold in fresh blow to troubled energy giant

Albert Manifold is the third senior BP leader to exit under a cloud in three years, as the British energy giant's boardroom turmoil shows no sign of abating.

Business

Egypt to ship Cypriot gas to Europe in QatarEnergy deal

QatarEnergy and ExxonMobil have signed a deal with Egypt to pipe Cypriot offshore gas to Egyptian liquefaction facilities for export to Europe — the latest sign that Egypt is becoming the Eastern Mediterranean's dominant energy hub.

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Business

German business confidence rises despite Iran war energy shock

German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

Europe News

EU weighs limited fiscal flexibility on energy after Meloni push

EU weighs fiscal flexibility measures to tackle the Strait of Hormuz energy crisis after Meloni push, but warns of limits of expansionary policy

Europe Today

EU ‘should not’ look to Russia for energy relief, Dombrovskis says

Exclusive: European Commissioner for the Economy Valdis Dombrovskis said Russia is milking the crisis in the Middle East for energy profits – and the EU will not ease on its sanction regime for cheaper oil or gas flows.

Europe Today

Dombrovskis rules out easing Russia sanctions despite inflation fears

After the EU downgraded its economic growth forecast and warned of rising inflation, EU economy chief Valdis Dombrovskis tells Europe Today the bloc will not ease Russia sanctions, unlike the US and UK, despite pressure to cushion the energy crisis linked to the Iran war.

Cuba

Trump calls Castro charges big moment but says no need for escalation

An unsealed indictment accused Castro and others of murder, conspiracy to kill Americans and destruction of aircraft.

Earth News

Major European energy deal ‘engineers fossil gas dependency’ - report

Campaigners are questioning whether French TotalEnergies and Czech EPH’s partnership will really improve Europe’s energy security.

Earth News

Greece has abundant cheap green energy. Why are bills still high?

Solar energy producers have called for a halt to new renewable projects, as battery storage lags behind a growing oversupply.

Cuba

Rubio says Cuba's leaders must go as US dangles €85 million in aid

Cuba lost the source for around half its fuel needs when US forces snatched Venezuela’s president in a stunning January raid, with his successor complying with US pressure not to aid the island.

Business

How much did electricity and gas prices go up due to the Iran war?

Household gas prices rose across EU capitals between early February and early April, reflecting the impact of Middle East tensions. However, electricity prices fell on average, highlighting diverging trends in Europe’s energy markets.

Europe News

Energy ministers confront Europe’s dependence on China’s power storage

Energy ministers recognised the strategic importance of energy storage for the bloc's energy transition. Currently, the EU is producing significant amounts of clean power that are wasted due to a lack of storage infrastructure.

Economy

Two-thirds of Europe's LNG imports to come from the US this year

Europe is expected to source almost two-thirds of its liquefied natural gas imports from the US in 2026, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

World News

SOCAR finalises Italiana Petroli takeover after EU approval

SOCAR has completed its acquisition of Italiana Petroli after securing all regulatory approvals, marking a major expansion of its downstream presence in Italy and strengthening its position in Europe’s energy market.

Europe News

General strike in Belgium against government reforms

The country’s three main trade unions have called for a nationwide protest against the government’s reforms.

Europe News

EU energy ministers to mull domestic gas drilling amid security woes

The EU Cyprus Presidency will raise the question during an informal gathering of ministers amid energy security concerns and soaring prices. Gas projects in Greece, Italy, Romania and Poland were flagged as available resources with potential for increased explorations.

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French farmers dump manure at TotalEnergies refinery in fuel price protest

French farmers have staged a protest outside a major oil refinery near Lyon, dumping manure and rubbish at the entrance in anger over rising fuel costs and falling incomes.

Europe News

Europe’s airlines face jet fuel shift as safety concerns grow

Potential jet fuel shortages due to the war in Iran could force a shift in fuel types, raising operational and safety risks across airlines and airports.