Europe accused of โtrampling over Palestinian rightsโ with deal linked to imports from pipeline running parallel to Gaza coastThe EU is โtrampling over Palestinian rightsโ and risks breaching international law, over an energy deal signed with Israel to…
In Schwedt, life flows through an oil refinery. If it doesnโt get help โ or restart Russian imports โ people worry their jobs will be gone.
And it’s driving Trump mad.
Brent crude hits highest level since April while airline shares slide amid escalation of conflict in Middle EastThe price of oil and gold has soared and stock markets have fallen after Israelโs strikes against targets in Iran.The escalation of the conf…
Other measures to include tightening restrictions on โshadow fleetโ, banks and Nord Stream investmentBusiness live โ latest updatesThe EU executive is to propose lowering the price cap on Russian oil as it seeks to tighten energy and financial sanction…
Cocoa one of six commodities vulnerable to environmental threats in โextremely worrying pictureโ for food resilienceClimate breakdown and wildlife loss are deepening the EUโs โchocolate crisisโ, a report has argued, with cocoa one of six key commoditie…
It comes as the European Union decided to delay new trade legislation to curb forest destruction worldwide.
Fleet of tankers sailing under flags of convenience estimated to carry up to 85% of Russiaโs oil exportsCalls to step up and coordinate the interdiction of the unflagged Russian โshadow fleetโ of oil tankers in the Baltic Sea were made this weekend bef…
China has an unmatched dominance in the processing of critical commodities
From civilian violence to industrial control, the arms industry has successfully evaded fit-for-purpose regulation and accountability. Now more than ever, a collaborative response is required to reverse its devastating impact.
Ukraine relies on the U.S. to fund HIV services during the war. The Trump administration is still mulling axing its support.
โWe will be giving details tomorrow, but I can tell you that the talks were productive,โ said Treasury Secretary Scott Bessent.
Brussels will soon tell Hungary and Slovakia to stop dealing with Moscow โ whether they like it or not. But the EUโs enforcement plan is fuzzier.
Indiaโs top trade negotiator had returned to the U.K. on Friday for unscheduled negotiations in an attempt to conclude the talks.
The two countries have entered the final stages of negotiations.
From Madrid to Rome, ideologically opposed European politicians are united in their ban of the practice.
Lawyers report interest in structuring activities to allow a restart of trading with Russian entities
The new rules will lead to around 100 new visas for Indian workers each year, a U.K. official told POLITICO.
Belgian Energy Minister Mathieu Bihet told POLITICO he wants to phase out the country’s Russian gas imports โ but didn’t back an outright ban.
European Commission may reportedly let companies declare force majeure as part of strategy to rid bloc of Russian fossil fuels by 2027The European Commission is considering plans that would allow European companies to break long-term Russian gas contra…
China juices trade war with nontariff barriers targeting MAGA-friendly U.S. export sectors.
British officials are on a diplomatic charm offensive to shore up trade ties โ but securing meaningful deals will take more than just good will from the U.K. side.
The global risk environment has deteriorated and uncertainty has intensified, the central bankโs Financial Policy Committee said.
European trade officials sure know how to have fun.
n the face of rising geopolitical tension, greater integration with Ukraine is in the EUโs economic and strategic interest. For progress to be made, both sides must move beyond disputes over agricultural quotas and look at the bigger picture.
EU officials had hoped to catch Trump’s interest with offers to buy more American gas. They hit a wall of bureaucracy and disinterest.
Countries like Germany have pushed for a more flexible approach, complaining the targets could raise gas prices.
To lower energy prices (and perhaps please Donald Trump), Brussels is suggesting backing investments in foreign gas projects.
Farmers from Germany, Poland, Austria, Hungary and Slovakia join Czech-led demonstrations, rejecting Ukraineโs efforts to ease concerns over cheap imports.
UK records 47% annual drop as governments aim to replace fossil fuels but also spend billions on new LNG terminalsEuropean imports of seaborne gas shipments fell by a fifth last year to their lowest level since the pandemic, according to a new report, …
Volodymyr Zelenskyy is likely to visit the US this week to sign a deal on Ukraineโs rare earth minerals, according to Donald TrumpVolodymyr Zelenskyy appears likely to visit the White House on Friday to sign a minerals deal, Donald Trump has said, afte…
Demand for fuel has pushed gas prices up โ but peace in Ukraine could flood the market and change everythingA scramble to heat homes during a cold winter across Europe has sent gas prices soaring from where they were six months ago. This week, that ext…
Aides to the president and Elon Musk suspected USAID officials were trying to go around a funding freeze.
State-owned Equinor becomes latest fossil fuel firm to backtrack on clean energy pledges with move to halve budget to $5bnThe Norwegian oil company fighting to open a giant new oilfield off Shetland has cut billions of pounds from its green spending pl…
The commodities giant went on trial in Switzerland over attempts to gain access to Angola’s oil market.
The commodities giant went on trial in Switzerland over attempts to gain access to Angola’s oil market.
Paris is joining a growing chorus of countries casting doubt on an EU push to buy more gas from the U.S.
Live coverage of business, economics and financial news as ECB expected to cut interest rates by 0.25 percentage points in effort to support growthIt was a flash reading on the Eurozone economy, so we donโt have the details on what the drivers were. Bu…
The frosty island sits atop giant oil and gas reserves that climate campaigners say must never see the light of day.
Rystad Energy releases data days after Ukraine stopped flows of Russian gas through its pipelinesEurope bought a record amount of liquefied natural gas from Russia last year, data shows, despite EU efforts to ditch the fossil fuels funding Putinโs war …
From post and planes to TV, phones and retail chains โ and even a central bank โ here are the chiefs facing the most testing of timesA year is a long time in business: enough time for things to turn sour financially, or to engineer a comeback. Here are…
Breakaway territory of 450,000 people suffers painful and immediate hit as Ukraine ends transit agreementThe shutdown of Russian gas supplies to Moldovaโs breakaway Transnistria region has forced the closure of all industrial companies except food prod…
Kyiv’s decision not to renew a deal with the Kremlin hasn’t sparked the catastrophe the Slovak prime minister imagined.
Ukraine ends agreement to allow gas to flow through its pipelines, with European supplies set to be tested as cold weather forecast later this weekUkraine has halted Russian gas supplies to European customers through its pipeline network, almost three …
Last exports due on New Yearโs Day as Europe faces cold snap and higher than usual fall in reserves since SeptemberEurope will receive the last Russian gas sent via Ukraineโs pipelines in the early hours of the new year as the continent braces for a pl…
A legal fight looms as EU and Mercosur countries don’t see eye to eye on a key clause of their fresh trade deal.
President-elect reignites fears of a trade war as he says bloc must make up its โtremendous deficitโ with USThe US president-elect, Donald Trump, has warned the EU that it will face trade tariffs on its exports to the US unless its member states buy mo…
Momentum for quitting Moscowโs revenue driver has stalled. “Something new needs to happen,” Dan Jรธrgensen told POLITICO.
But the EPP’s proposal to weaken the law failed, in a blow to the center-right group’s anti-red tape drive.
Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russiaโs third largest bankRussiaโs rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of…
Europe’s top farming university is calling for smaller livestock herds and a shift toward plant-based diets.
Brussels hopes to avoid trade war with the Republican president-elect.
Prospects of strong outcome appear dim but there is hope the talks will address pressing issue of climate financeMore than 100 heads of state and government are expected to land in Baku, the capital of Azerbaijan, over the next few days and the first t…
Eva Saldaรฑa of Greenpeace Spain says the industry knew about climate change for more than six decadesYour editorial on Valenciaโs tragic floods (1 November) is correct that โweather events that used to be regarded as โnatural disastersโ are now, rightl…
Eva Saldaรฑa of Greenpeace Spain says the industry knew about climate change for more than six decadesYour editorial on Valenciaโs tragic floods (1 November) is correct that โweather events that used to be regarded as โnatural disastersโ are now, rightl…
Group commits to unspecified measures to enforce price cap on Russian exports in response to Ukraine warFinance ministers of the G7 nations vowed on Saturday to step up efforts to prevent Russia from evading sanctions imposed after its invasion of Ukra…
Exclusive: Those with โinterest in keeping world hooked on fossil fuelsโ should not oversee climate talks, say report authorsAzerbaijan, the host of the Cop29 global climate summit, will see a large expansion of fossil gas production in the next decade…
Poorly maintained and uninsured vessels transporting up to 70% of countryโs seaborne oil, says reportRussiaโs shadow fleet of oil tankers is expanding, according to research, transporting up to 70% of the countryโs seaborne oil despite western efforts …
Still, the 23 nominees were cleared by the institution’s legal committee for hearings in early November.
But the end of the supply contract through Ukraine at the end of this year could prove costly for Austria, Slovakia and Hungary.
Concerns grow over safety of Black Sea maritime export corridor for Kyivโs agricultural commodities
A Saudi move to grab market share will squeeze the Kremlin’s finances, experts argue.
Piyush Goyalโs showmanship and negotiating savvy have made him a weapon for India as it takes up its mantle as a global superpower. But is his aggressive approach at risk of backfiring?
Tankers believed to be at heart of illicit operation transporting gas and oil to fund Moscowโs war effortThe UK has taken new steps to clamp down on Russiaโs shadow fleet exporting oil and funding Moscowโs war machine, with the Foreign Office announcin…
Ghana is piloting a system that traces cocoa beans from farm to port as it gears up for a new EU law banning the import of commodities linked to deforestation, a government official said on Thursday (5 September).
And Turkish stocksโ wild ride
Critics say Labour โshould have run a mileโ from LetterOne after it is acquires 15% of Aberdeen-based Harbour EnergyThe government faces growing criticism after a company backed by two sanctioned Russian oligarchs was allowed to become a part-owner of …
Battle ahead for Labour as it introduces higher taxes and tougher environmental rules on producersBusiness live โ latest updatesUK politics live โ latest updatesAn oil and gas company has slowed down work on a large North Sea oilfield, citing uncertain…
Trading software companies fear project will make Brussels a major competitor and believe tender misconceived
Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025Shell is to cut hundreds of jobs from its oil and gas exploration operation in the latest move by the chief executive, Wael Sawan, to sl…
Spokesperson for Volodymyr Zelenskiy denies WSJ claims and again accuses Russia of carrying out the sabotageRussia-Ukraine war โ latest news updatesThe Nord Stream gas pipeline was blown up by a small Ukrainian sabotage team in an operation that was in…
Blame the underwater drones.
Both Trump and Biden are pushing lucrative U.S. fossil fuel deals โย a risky bet given the EU’s plans to wean itself off the energy source.
Ukraineโs president will ask for more help to block Putinโs growing โshadow fleetโ of tankers carrying sanctioned crude to buyersThe Ukrainian president, Volodmyr Zelenskiy, will attend an extraordinary meeting of the British cabinet on Friday to bring…
“Sorry to have survived, but I am back,” Slovak prime minister tells media and opposition.
Oil firmโs warning comes after it had to halt work on Europeโs largest biofuel project and sell refinery in AsiaShell has warned investors that it will take an impairment charge of up to $2bn (ยฃ1.6bn) in its next set of results after it was forced to h…
The Commission has announced on Monday (1 July) that the two commodities will no longer be exempted from duties and quotas as of Tuesday (2 July), as they exceeded the cap fixed in the regulation on trade benefits for Ukraine.
The EU is expected to further reduce its imports of key food commodities from war-torn Ukraine after less than two weeks since applying the new controversial preferential trade scheme.
Third parties could be required to do more to block tankers from operating in Baltic and the ChannelRussia-Ukraine war โ latest news updatesBritain and Finland are discussing plans to require third parties to do more to block the Russian shadow oil tan…
Petition by 49 employees could lead to Holy See being taken to court for โundermining dignity and healthโForty-nine employees at the Vatican Museums have started an unprecedented legal dispute over job conditions and workplace safety, which could lead …
ยฃ5.5bn loss in 2023 comes after gas sales more than halved following Russiaโs invasion of UkraineThe Kremlin-owned gas company Gazprom has plunged to its first annual loss in more than 20 years, after gas sales more than halved following Vladimir Putin…
As cocoa prices surge to record highs and Central and West African growers grapple with the impact of climate change, the cocoa sector is rushing to adapt its production to the EU anti-deforestation regulation (EUDR), which will take effect from Januar…
Europe is complicit in the destruction of ecosystems and should regulate its funding of companies associated with deforestation.
Countries now have abundant gas supplies but years of high costs led to a pervasive economic slowdownEurope is leaving behind the winter months with gas storage facilities brimming at all-time highs. This abundance of gas has allowed wholesale market p…
Increasing exports to the EU are a lifeline for Turkey, but analysts fear it could be the Kremlin cashing in.
EU countries’ bickering over whether to grant Ukraine’s farm production another year of access to their markets could well be a taste of whatโs to come if Kyiv becomes the bloc’s 28th member.
Traders, manufacturers and retailers are all blaming each other for record prices.
The European Commission proposed to increase tariffs on Russian and Belarusian grains and oilseeds imports to prevent the destabilisation of the EU market, the funding of Russian aggression against Ukraine and to try to defuse the protests on the Ukrai…
Lawmakers clinched a political deal on year long renewal of a free trade scheme with Ukraine adding โemergency brakesโ for sensitive agricultural commodities in the aftermath of farmersโ protests.
UK, Germany, Netherlands, Norway and Denmark have failed to align oil and gas policies with Paris pledges, say campaignersNone of the big oil and gas producers surrounding the North Sea plan to stop drilling soon enough to meet the 1.5C (2.7F) global h…
EU negotiators reached a deal on Tuesday morning (5 March) on a new regulation aiming to ban products linked to forced labour from the blocโs market, with potential implications for agricultural and food commodities produced in and outside the bloc.ย
Berlin’s bid to cash in on EU countries’ energy needs must be blocked by Brussels, a Czech-led bloc is demanding.
Investigators previously found blasts that damaged undersea pipelines in 2022 were an act of sabotageSwedish prosecutors have said they will end their investigation into the sabotage of the Nord Stream 1 and 2 gas pipelines in 2022, dodging the questio…
The EU is banking on Washington approving major new LNG projects. The Biden administration might not play ball.
Experts warn of economic impact of sustained shipping attacks and Middle East tensionsBusiness live โ latest updatesOil prices have hit $80 (ยฃ62.83) as fears grew about the economic impact of disruption to international trade through the Red Sea and es…
Five EU food producers organisations have urged the EU’s Agriculture Commissioner to adopt a cap mechanism for sensitive commodities for which the bloc liberalised import from Kyiv.
Exclusive: Sergey Kolesnikov has supplied building materials to Russian military and for use in occupied UkraineAn oligarch who has supplied building materials to the Russian military machine and for construction in occupied areas of Ukraine is being a…
The standoff between Iran-backed Houthis and the West is taking a toll on the world economy.
US is marshaling an international fleet as fears grow of Yemeni rebels’ impact on world economy
Geneva-based trader aims to take advantage of volatility in markets
