In the letter, the ministers argued Brussels should do as it did following Russia’s 2022 invasion of Ukraine, when it authorized the imposition of a temporary “solidarity contribution” on energy companies to “mitigate the direct economic effects of the soaring energy prices for public authorities’ budgets, final customers and companies.” The 2022 measure imposed a […]
Continue ReadingOn The Ground newsletter: Get a weekly dispatch from our international correspondents Get a weekly dispatch from our international correspondents Get a weekly international news dispatch The finance ministers of Spain and four other European countries are urging the European Union to impose a bloc-wide windfall tax on energy companies, concerned that surging oil and […]
Continue ReadingUS and Iranian forces have been searching for a missing American crew member after a US warplane was shot down. Iran claimed to have shot down two US warplanes, one F-15 flying over the southwest of the country and a second plane involved in a mission to rescue the F-15’s crew. Two crew members were […]
Continue ReadingGermany, Italy, Spain, Portugal and Austria have asked the EU for energy companies to help alleviate the burden on consumers and taxpayers triggered by the war in the Middle East, using the extra profits that companies are accumulating thanks to rising fuel prices. ADVERTISING ADVERTISING The five Ministers of Economy and Finance wrote this in […]
Continue ReadingU.S. job growth surged past expectations in March and the unemployment rate dropped, giving President Donald Trump some breathing room as the economy comes under increasing pressure over the war in Iran and rising oil prices. Companies added a net 178,000 jobs last month, the Labor Department reported Friday, a huge swing from February, when […]
Continue ReadingApril 4, 2026, 12:18 p.mApril 4, 2026, 12:18 p.m One person has died and almost 50 people have been injured after a structure collapsed at a football stadium in the Peruvian capital Lima. The Peruvian Ministry of Health said in a statement that rescue workers had taken 47 injured people, including a child, to various […]
Continue ReadingThree males are due in court after four Jewish community ambulances were targeted in an alleged arson attack in north-west London. Four ambulances from Hatzola, a volunteer-led ambulance service operating in the Golders Green area of north-west London, were set on fire in the early hours of March 23, causing gas canisters stored in the […]
Continue ReadingThe fuel cost is nearly double what the government budgeted for putting pressure on stretched finances.
Continue ReadingIranian state media said “many people” are searching for the missing airman after an F-15 fighter jet and an A-10 attack plane were lost to hostile fire.
Continue ReadingFormer Speaker of the House Nancy Pelosi calls the plan a “stupid notion that would be nothing more than a waste of taxpayer dollars”.
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