Newsletter
Germany wants to become the leading military power in Europe
Germany must become the leading military power in Europe, the country's defense minister said, as the government prepares a new national security strategy based on a significantly strengthened role for Berlin in the Western alliance.
Liz Truss promises to push fracking in England to increase energy security
Liz Truss has promised to lift Britain's three-year ban on fracking, claiming it "could be producing gas in as little as six months". In doing so, she contradicts the advice of her predecessor Boris Johnson that such a move would not solve the energy crisis. …
Stocks rise and dollar falls as investors assess political outlook
Global stock prices rose Friday, while the euro and the pound gained against a weaker dollar as investors assessed the extent to which major central banks would tighten monetary policy to curb inflation.
Bank of England rate hikes likely despite energy cost freeze
The Bank of England's chief economist said on Wednesday that Liz Truss' plans to freeze energy bills for households and businesses are likely to force the central bank to raise interest rates, although they will bring inflation down in the coming months.
Liz Truss becomes British Prime Minister
Liz Truss will move into Downing Street today, Tuesday, after a bitter battle to succeed Britain's Prime Minister, and immediately begin work on a two-year energy savings package that could cost up to £100 billion. In a vote by Conservative party members, the …
German companies halt production to cope with rising energy prices
German manufacturers are halting production in response to the surge in energy prices caused by Russia's tightening of gas supplies - a trend the government describes as "alarming".
Dollar rises as Fed pushes for rate hikes
The dollar is about to gain for the third straight month after hitting a 20-year high against other currencies, clearly reflecting divergent interest rate and growth prospects in the world's largest economies.
Wall Street is looking for ways to avoid Biden's stock repurchase tax
Wall Street bankers and lawyers are looking for ways to help companies buy back stock over the next year without paying millions of dollars in additional taxes. This risks wiping out one of the key revenue streams of President Joe Biden's climate and health …
Climate activists are suing UK government over food strategy
Environmentalists have filed a lawsuit against the government's food strategy for England. They argue that the lack of plans to reduce meat and dairy consumption violates laws like the Climate Change Act.
Drought warnings for almost half of Europe
According to an EU agency, drought is still raging in almost half of the EU, and the weather is expected to get even hotter and drier by November.