Russian energy company Novatek reported a sharp drop in net profit for 2025, underscoring the growing strain Western sanctions are placing on Moscow’s liquefied natural gas sector. The country’s largest LNG producer said net income fell to 183 billion rubles, or about 2.37 billion dollars,......
The European Union has officially approved counting chemical recycling toward mandatory recycled content in plastic bottles, marking a significant shift in EU recycling policy. On Friday, the 27 EU member states voted in favor of including chemical recycling in the calculation of recycled content. Previously,......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
The European Union is set to waive additional origin checks for gas imports from the United States, Qatar, Norway, Great Britain, Algeria, and Nigeria as it rolls out a new enforcement system to phase out Russian gas supplies. This move, outlined in a draft document from the European Commission and reported......
Former U.S. president Donald Trump announced that several South Korean products will now face tariffs of up to 25%, citing delays by the South Korean Parliament in ratifying a bilateral trade agreement. The decision marks a new escalation in trade tensions between Washington and Seoul. In a statement......
India is set to reduce tariffs on European car imports from 110% to 40% as part of a historic trade agreement with the European Union, sources told Reuters. The move marks the largest opening of India’s automotive market to European manufacturers to date. Under the agreement, which could be signed......
Poland is not in a hurry to adopt the euro, as its economy is currently performing better than many countries within the eurozone, according to the country’s finance minister. In recent comments, Finance Minister Andrzej Domanski explained that Poland’s strong economic growth and stable......
A Canadian mining firm has made a significant find in Greenland's remote interior, detecting rare earth elements in samples from its established molybdenum deposit. Greenland Resources Inc., listed on the Toronto Stock Exchange, re-examined archived drill cores from the Malmbjerg project in east-central......
European Commission President Ursula von der Leyen revealed that the European Union, the United States, and Ukraine stand on the brink of sealing a unified Prosperity Framework to steer Ukraine's economic recovery after the war. This breakthrough emerged from an informal EU leaders' gathering......
World leaders, top policymakers and corporate executives convened in Davos, Switzerland, for the 56th annual meeting of the World Economic Forum, held under the banner of promoting dialogue at a moment of deepening geopolitical rifts and economic uncertainty. Over the course of the week, nearly 3,000......
The long-awaited trade agreement between the European Union and the Mercosur bloc is set to be officially signed today in Paraguay, marking the culmination of over 25 years of negotiations. The deal aims to create one of the world’s largest free-trade zones, covering more than 700 million consumers......
The European Union and India are set to sign their largest free trade agreement yet on January 27 in New Delhi, with top EU officials traveling to the Indian capital to formalize a pact that deliberately excludes agriculture to shield India's politically sensitive farming sector. European Commission......
Spain’s fishing and canning sectors have voiced strong criticism following Morocco’s decision to suspend exports of frozen sardines to the European Union, while continuing to allow Russian fishing vessels access to its maritime waters. According to Spanish media and industry......
