Europe, including the United Kingdom, has outstripped the United States in total military aid to Ukraine for the first time since mid-2022, with a growing share of support sourced directly from defence industry production rather stockpiles.
Strait closed as Turkey’s heatwave battle with raging wildfires fanned by strong winds continues.
Pipeline built to transport Russian gas through Ukraine to Southeast Europe has recently been repurposed to support imports of LNG from the US and Azerbaijan.
The United States’ effective tariff rate (ETR) has settled at 17% following the latest reciprocal duty announcements on July 27 and July 31, according to Fitch Ratings.
For the first time, in 2024, more than half of the electricity produced in the Netherlands came from renewable sources, and almost all of it (45%) from solar and wind.
On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
The energy deal that US President Donald Trump cut with European Commission President Ursula von der Leyen over the weekend is unrealistic, argues Clyde Russell, Reuters Asia Commodities and Energy Columnist.
Hundreds of firefighters and volunteers have been struggling to bring wildfires under control as heatwave grips Bulgaria.