IEA to Discuss Proposed Release of Oil and Diesel Reserves

By admin October 7, 2026 No comment

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The International Energy Agency (IEA) is set to hold an informal meeting on Wednesday to discuss a proposed release of oil and diesel stocks, according to two EU diplomats. The talks come as record-high diesel prices raise concerns for trucking, agriculture and industries around the world. The G7 agreed last week to a proposed release […]

France Says Russian Hybrid Attacks Are Intensifying

By admin September 19, 2026 No comment

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French President Emmanuel Macron said on Friday that Russia’s hybrid attacks targeting France and other European countries have intensified in recent weeks. He said France would respond and has ordered the government to prepare measures to protect critical infrastructure from potential drone and cyber attacks. Macron said Moscow was seeking to intimidate Europe and weaken

Romania Blasts Rocks to Protect Nuclear Reactor Cooling

By admin August 4, 2026 No comment

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Romania carried out controlled explosions to remove rocks from the Danube River and redirect water to the Cernavoda nuclear power plant, as severe drought and record-low river levels threatened reactor cooling. The emergency measure highlights the growing impact of Europe’s ongoing heatwave and energy challenges. The operation aims to ensure adequate cooling water

Record-Low Danube Water Levels Force Shutdown of Hungary’s Only Nuclear Power Plant

By admin July 31, 2026 No comment

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Hungary’s only nuclear power plant, the Soviet-era Paks facility, is set to shut down completely for the first time after record-low water levels in the Danube River left its cooling system unable to operate. Prime Minister Péter Magyar warned the country’s energy supply could become critical as an intense heatwave continues, urging residents to reduce […]

Fuel Shortages Spread Across Russia as Ukrainian Strikes Disrupt Supplies

By admin June 30, 2026 No comment

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Fuel shortages are spreading across Russia as Ukrainian drone attacks continue to disrupt refinery operations and fuel supply chains. What began as shortages in Russian-annexed Crimea has now extended to parts of southern Russia and even Moscow, with long queues, temporary fuel station closures and purchase restrictions reported in several regions. President Vladimir Putin

Iran War Slows European Economy as Prices Surge Across Region

By admin May 21, 2026 No comment

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Europe’s economy is facing mounting pressure as the ongoing Iran war drives up energy costs and weakens business activity across the region. Fresh data showed the euro zone economy contracted at its fastest pace since late 2023, with rising fuel and living costs reducing consumer demand and hurting the services sector. Economists warned the crisis […]

Europe EV Sales Surge as Fuel Prices Spike Amid Iran Conflict

By admin May 20, 2026 No comment

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Electric vehicle demand across Europe has jumped sharply as soaring fuel prices linked to the Iran conflict push consumers toward electric mobility. According to data shared with Reuters, registrations of new EVs across major European markets rose 34% year-on-year in April, while demand for both new and used electric cars surged significantly. Industry players said […]

German Minister Blames Trump Iran Policy for Economic Slowdown and Tax Revenue Drop

By admin May 8, 2026 No comment

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Germany’s finance minister Lars Klingbeil has blamed former US President Donald Trump’s “irresponsible war in Iran” for a sharp decline in Germany’s expected tax revenues. Speaking in Berlin, he said the conflict had triggered a “global energy shock,” contributing to weaker economic performance. German authorities have cut projected tax revenues for 2026–2030 by about €70

German Economy Grows but Jobless Rate Crosses 3 Million

By admin April 30, 2026 No comment

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Germany’s economy expanded more than expected in the first quarter of 2026, with gross domestic product rising by 0.3%, surpassing forecasts of 0.2%. The growth was mainly driven by stronger household consumption, increased government spending, and a rise in exports. However, the previous quarter’s growth was revised slightly downward, reflecting ongoing economic

Merz Says Ties with Trump Remain Strong Despite Iran Dispute

By admin April 29, 2026 No comment

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German Chancellor Friedrich Merz said his relationship with U.S. President Donald Trump remains positive despite a public disagreement over the Iran conflict. Speaking in Berlin, Merz acknowledged differences in opinion but stressed that communication between the two leaders continues. The dispute highlights broader tensions between the United States and its European NATO