The International Monetary Fund urged U.K. Prime Minister Liz Truss to “re-evaluate” her tax-cutting plan, saying it will “likely increase inequality” in a harsh statement released Tuesday evening. The IMF is “closely monitoring” the situation in the U.K. after Chancellor Kwasi Kwarteng announced the mini-budget last Friday, which sparked the pound crashing to an all-time […]
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KYIV — There will be no peace talks between Ukraine and Russia as long as Vladimir Putin remains Russian leader, Ukraine’s President Volodymyr Zelenskyy said Tuesday night. “This is clear and obvious,” Zelenskyy added in his nightly address to the nation, after sham referendums were held in Ukrainian regions in a bid by Putin to […]
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When the clock strikes 12 this December, Natal will be less feliz in Portugal. Portuguese government guidelines published late Tuesday recommend that Christmas lighting be limited to 6 p.m. to midnight, from December 6 until January 6 next year. The plan pushes for less gloomy saving measures such as greater use of natural light and switching […]
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The Bank of England will buy up U.K. government bonds to try to halt a dramatic sell-off as it warned of a “material risk to UK financial stability” in the wake of the government’s mini-budget. The central bank said that it would today start buying long-dated government bonds at “whatever scale is necessary” in a […]
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Italy’s new prime minster-in-waiting, Giorgia Meloni, wants to set up a naval blockade to prevent migrants and asylum seekers fleeing Libya. The idea is unlikely to see the light of day.
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The Nord Stream 1 and 2 explosions were “the result of a deliberate act” EU foreign affairs chief Josep Borrell said on Wednesday. “All available information indicates those leaks are the result of a deliberate act,” he tweeted. “We will support any investigation aimed at getting full clarity on what happened and why and will […]
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A group of 15 member states has called on the European Commission to present plans to introduce a bloc-wide cap on the price of gas at Friday’s energy council. “The cap should be applied to all wholesale natural gas transactions, and not limited to import from specific jurisdictions,” reads the letter signed by Belgium, Bulgaria, […]
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The Czech EU Council presidency has presented to member states a compromise proposal on energy emergency measures, due to be adopted during Friday’s energy council. Under the latest agreement, countries would have the right to cap excess profits from low-cost electricity producers in a way that allows them to retain 10 percent of such revenues. […]
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Russia could interrupt its remaining gas deliveries to Europe via Ukraine, Russian-controlled energy giant Gazprom announced on Wednesday. Gazprom warned earlier this week that gas supplies via Ukraine were at risk due to a legal dispute with Ukraine’s state-owned gas company Naftogaz over transit fees. After the alleged “sabotage” of the Nord Stream gas pipelines, […]
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The Queen’s funeral was an impressive demonstration of solidarity from the EU towards a country that left the Union in 2020, and with whom the EU’s relations have never recovered. Can the new King Charles III build bridges to Brussels?
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