The European Union is becoming more worried about its growing reliance on American liquefied natural gas, particularly after US President Donald Trump threatened to take control of Greenland, according to EU Energy Commissioner Dan Jorgensen, as reported by Bloomberg. He stated, “I am certainly hearing this in my conversations with energy ministers and heads of state from throughout Europe —...

The European Commission has expressed support for the approval of the EU regulation that imposes a full ban on the import of Russian gas and is prepared to challenge this legislative decision in court, stated EC spokesperson Anna-Kaisa Ikonen. "Similar to other legislative documents, the REPowerEU plan can be challenged by member states in court, and, naturally, we are ready to defend the...

US President Donald Trump stated that he is increasing tariffs on South Korean products from 15% to 25%. He explained this decision in a post on the social media platform Truth Social, saying, "Because the Korean Parliament has not ratified our historic trade agreement, as they are entitled to do, I am now raising tariffs on South Korean cars, wood, medicines, and all other goods covered by...

Libyan authorities have entered into a strategic agreement with France's TotalEnergies and the U.S.-based ConocoPhillips. The deal is anticipated to more than double the production capacity of the Waha project. TotalEnergies and ConocoPhillips are among the participants in this project, alongside Libya's state-owned National Oil Company (NOC). The agreement outlines foreign investment of more...

The Latvian State Audit Office, along with the top audit agencies from Estonia and Lithuania, has started checking the Rail Baltica railway project, according to Latvian media, which quoted the State Audit Office. This check will look at whether the project is possible and if it's on time. They will also look closely at how contracts for buying things and building are managed to make sure the...

The European Union and India are almost done with talks about a free trade deal, said European Trade Commissioner Maroš Šefčovič on Sunday. He wrote on the social media platform X that he is sure they are close to finishing the agreement successfully. Šefčovič is in India right now to talk about the deal. The deal is planned to be signed soon, probably next week. Earlier in January,...

US President Donald Trump talked about "green" energy in Davos, and said he thinks it's not a good idea financially. He called it "the new green scam" and said it's the biggest scam ever. He believes energy should help people make money. But he says green energy, like wind and solar, actually makes people lose money. He also criticized the energy policies of some countries, like the UK and...

EU leaders welcomed the news that US President Donald Trump decided not to impose tariffs on European countries in February, which were related to the situation involving Greenland. Dutch Prime Minister Dick Schoof shared on social media that he was happy to see the path to reducing tensions starting and that the import tariffs are no longer an option. Italian Prime Minister Giorgia Meloni also...

By the end of 2025, the total wealth of billionaires is expected to reach $18.276 trillion, marking the highest level since at least 1987, according to a report by Oxfam, an international organization focused on fighting inequality. This report was released ahead of the World Economic Forum in Davos. This amount is twice what it was in 2020 and seven times higher than in the year 2000. The report...