Saudi Arabia is flooding Europe with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in an escalation of its fight with Moscow for market share, five trading sources said on Friday.
Iran’s main airline company Homa, known as IranAir, has suspended until further notice all flights to European destinations, with aviation authorities in the country blaming ‘unknown restrictions’ for the decision.
Turkish President Recep Tayyip Erdogan says Ankara has no plans to stop the flow of migrants into the European Union (EU), warning that “millions of refugees” will soon be moving toward Turkey’s borders with the bloc.
Europe’s top companies need to more than double their current level of spending on low-carbon projects to meet the European Commission’s flagship goal of ‘climate neutrality’ by 2050, according to a report released on Tuesday.
Europe may have lost the battle to create digital champions capable of taking on US and Chinese companies harvesting personal data, but it can win the war of industrial data, Europe's industry policy chief said.
Fallen trees blocked roads and train tracks in southern Germany and Austria on Tuesday after a storm with hurricane-force winds and heavy rains battered northern Europe for days, killing at least seven people and causing severe travel disruptions.