Published on 03/25/2026 – 17:46 GMT+1 Hungary was kept waiting for approval for a large defense spending plan financed by EU money, making it the only member state to not benefit from cheap loans to rearm. ADVERTISING ADVERTISING The European Commission said Wednesday it had approved requests by France and the Czech Republic, the last […]
Continue ReadingEurope is being edged out of the global liquified natural gas (LNG) market as Asian buyers outbid for limited cargoes, with ship-tracking data showing several tankers changing course mid-voyage and close to a dozen Atlantic shipments being redirected. ADVERTISING ADVERTISING The race for LNG intensifies as the Strait of Hormuza vital energy trade point responsible […]
Continue ReadingPublished on 03/25/2026 – 13:38 GMT+1 Hungary will gradually halt gas exports to Ukraine until Kyiv resumes oil shipments through the Druzhba pipeline. ADVERTISING ADVERTISING The move was announced on Wednesday by the country’s Prime Minister Viktor Orbán, who added that the gas would be redirected to refill the country’s own storage instead of being […]
Continue ReadingGood morning from Brussels. ADVERTISING ADVERTISING Prime Minister Mette Frederiksen‘s Social Democrats suffered a setback in Tuesday’s snap elections, after failing to secure a majority despite clinching the most votes. It’s the worst showing for the Social Democrats in a century despite finishing some way ahead of any other party. It means there are fraught […]
Continue Reading“Orbán’s foreign minister confirmed that he systematically informed Moscow about what EU leaders were saying behind closed doors. What a disgrace,” Prime Minister Donald Tusk wrote on the social media platform X. ADVERTISING ADVERTISING At the same time, Tusk indicated that the reports and admissions did not come as a surprise to him. He had […]
Continue ReadingPublished on 03/24/2026 – 18:01 GMT+1 Copa-Cogeca, the EU’s influential farmers’ lobby, said in a statement on Tuesday that the EU’s concessions to Canberra in the newly signed trade deal with Australia are “unacceptable” as they fail to sufficiently protect European farmers. ADVERTISING ADVERTISING “In a post-Mercosur context, the cumulative impact of successive trade agreements […]
Continue ReadingPublished on 03/24/2026 – 14:37 GMT+1 The European Commission has delayed the presentation of a highly anticipated proposal to permanently ban the imports of Russian oil, as the war in the Middle East continues to send shockwaves across energy markets and keep the Brent barrel above $100. ADVERTISING ADVERTISING It also comes amid a tense […]
Continue ReadingPublished on 03/24/2026 – 11:31 GMT+1 It is an over 20-hour flight to Sydney, but the prize at the end might just be worth it. Or like European Commission President Ursula von der Leyen said, “trade is not just economics, it’s power”. ADVERTISING ADVERTISING Let’s take a look. The economic ties are already massive. The […]
Continue ReadingPublished on 03/24/2026 – 8:39 GMT+1•Updated 9:02 Hungary’s Foreign Minister Péter Szijjártó has acknowledged that he regularly contacts his Russian counterpart, Sergei Lavrov, during private EU meetings on foreign affairs. ADVERTISING ADVERTISING Earlier, the Hungarian government had dismissed those allegations as fake news. The Washington Post reported over the weekend that Szijjártó was routinely in […]
Continue ReadingGood morning from Brussels. In the Mared Gwyn. ADVERTISING ADVERTISING While you were sleeping: Down under in Canberra, European Commission chief Ursula von der Leyen and Australian Prime Minister Anthony Albanese clinched a free trade deal designed to bolster the two blocs’ economies at a time of increased geopolitical and trading volatility. It comes on […]
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