World

Drone strikes on Saudi oil fields spike prices

-
Geopolitical tensions and fears of longer-than-expected supply shortfalls led to Brent crude oil prices rising more than 1% on 19 September following the drone attacks on 14 September on the Abqaiq facility and the...

Mitsotakis on a mission to drive Greece to prosperity

-
Greek PM heads to US with full agenda ATHENS - Greece’s recently elected Prime Minister Kyriakos Mitsotakis is on a mission to drive investments to the austerity-eroded Mediterranean country and is determined to propel the economy...

Offshore wind wins 5.5 GW of 6 GW of new renewable capacity awarded in...

-
Offshore wind won 5.5 GW of the 6 GW of new renewable energy capacity awarded in the UK in the world’s largest ever wind energy auction, WindEurope said on 20 September. According to WindEurope, the...

LUKOIL, KazMunayGaz sign joint research agreement

-
Russia’s LUKOIL and KazMunayGaz (KMG) signed on 20 September an agreement on joint exploration of hydrocarbon sites in Kazakhstan. LUKOIL President Vagit Alekperov and KazMunayGas President Alik Aidarbayev signed the agreement during the LUKOIL president’s...

Britain submits written Withdrawal Agreement proposals

-
Britain's Brexit minister Secretary Stephen Barclay is meeting the EU's chief Brexit negotiator Michel Barnier on Friday, only a day after the President of the European Commission Jean-Claude Juncker expressed the certainty that a...

Japanese court clears nuclear power executives over Fukushima negligence charges

-
A Japanese court ruled on Thursday that three former executives of the Tokyo Electric Power (TEPSCO) should not be considered criminally negligent for the 2011 nuclear disaster at the Fukushima plant. Japanese prosecutors accused TEPCO...

Austrian parliament blocks EU-Mercosur deal

-
Austrian lawmakers rejected the EU-Mercosur trade deal on Wednesday, raising objections over its environmental impact. The free trade pact between the EU, Brazil, Uruguay, Paraguay, and Argentina was thrown further into doubt on Wednesday after Austria's...

Russia, Ukraine OK with EU law for gas transit

-
On 19 September in Brussels, Russia, Ukraine and the European Commission held trilateral gas talks at a political level on the long-term transit of Russian gas via Ukraine to Europe as of next year...

OPEC head to visit KazEnergy and Kashagan oil field

-
OPEC Secretary-General Mohammed Barkindo will visit an international energy forum in Nur-Sultan and the giant oilfield Kashagan in Kazakhstan’s section of the Caspian Sea next week, KazEnergy Executive Director Talgat Karashev has said. “The head...

Tusk makes final push in support of Western Balkans enlargement

-
Outgoing European Council President Donald Tusk devoted his time on 16 September to make a final push in support of the EU accession aspirations of both Albania and North Macedonia, both of which remain...

Spain likely to go to the polls for the fourth time in four years

-
Spain is heading for its fourth elections in four years; since Spain last went to the polls on April 28, negotiation to form a viable coalition have failed. The incumbent minority government of the Socialist...

Trump taps hostage negotiator as National Security Adviser

-
The US' chief hostage negotiator Robert C. O'Brien was tapped by President Donald Trump on Wednesday to replace John Bolton as the new national security adviser. As a negotiator, he worked on a number of...

Israel remains in political deadlock

-
Israel went to the polls on Tuesday, September 17 to resolve a political deadlock but woke up on Wednesday more politically polarized and with no apparent prime minister. While prime minister Benjamin Netanyahu failed to...

Former PM Renzi splits the Italian left

-
Former Italian prime minister Matteo Renzi announced on Tuesday that he was quitting the centre-left Democratic Party (PD) to form a new one. The new parliamentary group will continue to support the government in...

EU Commission clears E.ON’s acquisition of Innogy under conditions

-
Germany’s E.ON took a step closer on 17 September in acquiring Innogy’s distribution and consumer solutions business as well as certain of its electricity generation assets after the European Commission gave its approval but...

Jihadist assaults soldier in Milan

-
A 23-year old man reportedly used a letter opener to injure an Italian soldier who was on patrol at Milan’s train station The man, who is believed to be a dual Tunisian-Italian national, reportedly shouted...

Solomon Islands revoke recognition of Taiwan

-
The government of Solomon Islands revoked their recognition of Taiwan, leaving just 16 states that defy China. The cabinet of the Pacific nation voted to shift ties from Taiwan to China by 27 votes in...

US nears bilateral trade agreement with Japan

-
President Donald Trump said on Monday that his administration had reached an initial trade agreement with Japan that is focused on agricultural exports. If the news is confirmed, this could provide relief for US agriculture...

EU Court hears Apple’s €13bn tax bill case

-
Representatives from Apple, Ireland and the EU appeared in front of the EU General Court in Luxembourg on Tuesday. Apple is contesting a 2016 order by European Competition Commissioner Margrethe Vestager to pay back €13bn...

EU to help modernise Czech Republic’s electricity system

-
In an effort to increase energy security in the Czech Republic, the European Union is investing more than €46 million from the European Regional Development Fund to modernise and extend the electricity substation of...

Snowden seeks asylum n France

-
"The saddest thing of this whole story is that the only place an American whistle-blower has the chance to be heard is not in Europe but here in Russia," Edward Snowden said in an...

Hong Kong Stock Exchange campaigns to push through London Stock Exchange takeover

-
The Hong Kong Stock Exchange (HKEX) is seeking to persuade the London Stock Exchange shareholders to accept a $39 billion cash-and-share takeover bid. The initial offering, which was submitted early last week, was quickly rejected...

Germany wants to cap EU budget to 1% of GDP

-
Germany wants to cap the EU’s next seven-year budget (2021-27) at 1% of GDP. In 2018, the Commission proposed a seven-year budget of roughly €1.1 trillion or 1.11% of the bloc’s Gross National Income (GNI). Given...

Johnson led Leave to prevent Gove from taking the Eurosceptic crown, according to Cameron

-
Boris Johnson is a “truth twisting” populist that chose to lead Leave in the UK’s 2016 EU referendum to prevent anyone else from doing so, according to former prime minister David Cameron. In an interview...

Greek tax collectors prepare for hand-to-hand combat

-
Over the summer, as the Greek government sought to curb tax evasion during its peak season, several incidents of attacks of tax collectors took place. Some came away unscathed, being chased out of restaurants,...

Houthi drone attack on Saudi energy infrastructure affects global oil prices

-
Drone attacks on Saudi Arabia’s energy infrastructure on Saturday by Yemen’s Houthi rebels reduced oil production by 5,7m barrels a day which, according to analysts, is sufficient to trigger a hike in international prices...

Mission for God: Rebuilding Sofiko’s Monastery

-
Untouched Corinthian mountain, coastal town lures tourists. SOLYGEIA, Greece – When Greek Orthodox nun Lidia arrived alone at the deteriorating convent of The Assumption of the Virgin at Sofiko 40 years ago, she did not...

EU wants progress in Russia-Ukraine gas talks

-
The European Union will host a fresh round of Trilateral Gas Talks between Russia and Ukraine on 19 September in Brussels with European Commission Vice President Maroš Šefčovič stressing that a solution needs to...

Danes to outpace Euro’s devaluation while Swedes hold their ground

-
Denmark’s central bank followed in the footsteps of the European Central Bank on Thursday cut its key deposit rate to 0.75%. This brings the Danish basic rate to historic lows on par with Swiss rates....

The mother of all hearings

-
As soon as the new European Commission President, Ursula von der Leyen, revealed on 10 September that Hungary’s former Minister of Justice Laszlo Trocsanyi was her proposed Commissioner for Neighbourhood and Enlargement Policy, alarm...

NI Court rules Brexit does not violate Good Friday Agreement

-
Belfast’s High Court dismissed a case arguing that Brexit without a withdrawal agreement contravenes Northern Ireland’s 1998 peace accord. Judge Bernard McCloskey’s 68-page statement said that the argument put forward by three Northern Irish rights...

Croatia protests D’ Anunzio’s sculpture in Trieste

-
Croatia summoned the Italian Ambassador in Zagreb to protest the inauguration on Thursday of a statue of the proto-Fascist military adventurer Gabriele D'Annunzio in Trieste. The statute was meant to commemorate the 100th anniversary of...

Draghi’s exit plan

-
With few weeks to go before the end of his term, outgoing European Central Bank (ECB) President Mario Draghi left a lasting mark on monetary policy on Thursday. It is “whatever it takes” for...

Experts warn that religious freedom around the world is worsening

-
In August, Iraq’s ethnoreligious Yazidi minority marked the five years since ISIS militants overran northwestern Iraq and murdered at least 5,000 Yazidi men and boys who refused to convert to Islam and enslaved more...

Scottish court rules closing UK parliament was illegal

-
Three judges of the Scottish Court of Session ruled on Wednesday morning that Boris Johnson’s decision to suspend the UK Parliament was illegal. The government will appeal the ruling of Scotland’s highest court to the...

Italy requests a fiscal time-out to boost growth

-
Following a meeting with the President-elect of the European Commission Ursula von der Leyen, Italian premier Minister Giuseppe Conte asked for fiscal space to restart the Italian economy. Addressing the press, Conte said that the...

Forza Nuova and Casa Pound to sue Facebook and Instagram for defamation

-
The Italian neo-fascist groups Forza Nuova (FN) and CasaPound said Wednesday they will file lawsuits against Facebook and Instagram. The groups are protesting last week’s closure of their social media accounts due to hate-speech. The...