Orban links support for Ukraine to Druzhba oil transit dispute

Hungarian Prime Minister Viktor Orbán has stated that Budapest will not back further European Union decisions favorable to Ukraine until oil transit through the Druzhba pipeline to Hungary resumes. In a letter addressed to António Costa, president of the European Council, Orbán argued that there are no technical barriers......

1.5 billion dirhams for MSMEs: Europe strengthens alternative financing in Morocco

Support for financing very small, small, and medium-sized enterprises (MSMEs) in Morocco has reached a new milestone. The European Union and the German development bank KfW have officially launched a guarantee mechanism equivalent to 1.5 billion dirhams to facilitate access to credit for the most vulnerable economic actors. This mechanism,......

Hungary vows to block EU sanctions amid pipeline dispute

Hungary has announced it will oppose the European Union's upcoming sanctions against Russia, citing concerns over oil supplies through the Druzhba pipeline. This decision comes as tensions rise over the disruption of Russian oil shipments to Hungary and Slovakia. The flow of Russian oil via the Druzhba pipeline was halted at the end of......

Trump raises global tariffs to 15% after Supreme Court setback

U.S. President Donald Trump announced that he is increasing newly introduced global tariffs from 10% to 15%, with immediate effect, following a major ruling by the Supreme Court of the United States that curtailed parts of his trade policy. In a statement published on his social media platform, Trump said the revised tariff level reflects......

At least three dead in migrant boat capsizing off southern Crete

At least three migrants died after a boat capsized off the southern coast of Crete, Greek port police reported on Saturday. Twenty others were rescued by a commercial vessel dispatched to the area by the Greek Search and Rescue Center. The incident occurred as migrants attempted to climb ladders from the commercial ship onto their wooden......

Spain calls EU commissioner’s attendance at Trump Board of Peace meeting a mistake

Spain has condemned the European Commission for sending one of its members to the launch meeting of President Donald Trump’s Board of Peace in Washington, calling the move a political mistake that contradicts the European Union’s stated principles on the Middle East. Spanish Foreign Minister José Manuel Albares said it “pained”......

Spain calls on EU to lift sanctions on Venezuela’s interim president

Spain has formally urged the European Union (EU) to remove sanctions imposed on Venezuela’s interim president, Delcy Rodríguez, following the recent approval of an amnesty law by the Venezuelan National Assembly. The announcement was made on Friday by Spain’s Foreign Minister, José Manuel Albares, in Barcelona. The......

Eu deadlocked on sweeping Russia sanctions package

European Union governments are struggling to seal agreement on a landmark twentieth package of sanctions against Russia, with a far‑reaching ban on maritime services for Russian oil tankers at the heart of the dispute as the anniversary of Moscow’s full‑scale invasion of Ukraine approaches on 24 February. EU ambassadors meeting in......

X appeals €120 million Eu Fine over digital services act violations

Social media platform X has filed an appeal against a €120 million fine imposed by the European Union for alleged breaches of the bloc’s Digital Services Act (DSA). The penalty, issued in December, followed an investigation by European regulators into the company’s compliance with new rules governing online platforms. The......

Investors flock to european stocks as ‘hedge america’ trade builds

Investors are channeling unprecedented sums into European equities as they look to balance portfolios that had become heavily tilted toward the United States and its richly valued technology sector. Fund flow data show European stock funds have logged back-to-back weeks of record inflows in February, with tens of billions of dollars pouring......

Euro weakens to one-month low as oil spike and ECB doubts hit currency

The euro fell toward its lowest level in nearly a month as investors rushed into the dollar on mounting concerns over a potential US military strike against Iran, sending oil prices to fresh six-month highs and reviving demand for traditional safe-haven assets. The common currency traded around 1.1765 dollars in London and was on track for......

European gas prices jump as us-iran standoff threatens lng chokepoint

European gas prices have surged as rising tensions between the United States and Iran revive fears of supply interruptions through the Strait of Hormuz, a key route for liquefied natural gas shipments from the Gulf. The Dutch TTF benchmark, Europe’s main gas price reference, climbed back above recent lows in mid-February, extending gains......

US trade deficit hits $1.24 trillion in 2025 despite tariffs

The United States recorded a historic trade deficit of $1.241 trillion in 2025, marking a 2.1% increase compared with the previous year, according to data released by the US Department of Commerce. This record deficit occurred despite the implementation of tariffs aimed at rebalancing trade flows with key international partners. In December,......

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