Behind the scenes, government officials and industry lobbyists warn countries could rush to meet those targets all at once if the rules aren’t loosened, driving up demand and allowing traders to exploit soaring prices. That’s the dynamic that caused traders to bid up gas prices to over €300 per megawatt hour in 2022, with the lofty […]
Continue ReadingMeeting the deadline means X either paying the fine or offering a financial guarantee that it will do so should its appeal against the fine fail. “One of the two options” has been met, Regnier said, adding: “The Commission is really not in the habit of communicating about financial transactions happening between private businesses and […]
Continue ReadingThe European liberal political family is urging EU leaders to form a pact with Japan, Canada, and South Korea to deter U.S. President Donald Trump and China from exerting undue pressure on trade partners, according to a paper seen by POLITICO. In what is dubbed a “Geoeconomic Deterrence Pact” addressed to EU leaders ahead of […]
Continue ReadingBrussels and Canberra relaunched trade negotiations after Donald Trump’s return to the White House last year. They had collapsed amid acrimony at the end of 2023 amid disagreements over quotas on beef and lamb. The breakthrough comes as the EU looks to get closer to the Pacific-centered CPTPP trade bloc through its deepening bonds with […]
Continue ReadingThose comments, too, were initially viewed as frivolous — but the laughter in Ottawa grew steadily more nervous, and has lately ceased altogether. A poll conducted in 2025 showed that 44 percent of Canadians think the country should join the EU. Barrot and Stubb are the most senior politicians to talk up the suggestion, with […]
Continue ReadingPOLITICO’s Poll of Polls shows Tusk’s Civic Coalition is comfortably ahead with the support of 34 percent of voters, while PiS trails at 26 percent. However, the smaller parties that make up Tusk’s coalition aren’t doing well and he’d be unlikely to form the next government. Just behind PiS are two far-right parties, the libertarian […]
Continue ReadingIn a video posted to social media after Tuesday’s pipeline news, Orbán doubled down, saying that “if there is no oil, there is no money” for Ukraine. But a diplomat familiar with Budapest’s thinking hinted there could be room for a breakthrough ahead of Thursday’s summit, given the movement from the EU and Ukrainian President […]
Continue ReadingStubb told his audience he feared that peace talks in Ukraine are fast approaching a moment of truth, which could force Kyiv to accept a a bad settlement that involves ceding territory to Putin. The negotiations could even collapse, leaving Europe on the hook — without American help — obliging European powers to step in […]
Continue ReadingThe trip comes as Ukraine’s allies fear U.S. President Donald Trump’s attention risks being diverted away from the long-running Ukrainian fight against Russia as he deepens American involvement in the Middle East. Speaking in parliament, Zelenskyy sought to explicitly link the two conflicts, describing the Russian and Iranian regimes as “brothers in hatred.” “Aggressors don’t […]
Continue ReadingThe decision unblocks a weeks-long deadlock, as EU lawmakers balked at approving a deal that appeared at risk of unraveling. First, the U.S. Supreme Court in February struck down most of the tariffs on which the Turnberry accord was based. Then Trump’s threats to annex Greenland and slap an embargo on Spain further soured sentiment. […]
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