The European Union plans to raise €140 billion by slapping a windfall tax on excess revenues of low-cost electricity producers and making fossil fuel firms share their lavish profits.
Fresh clashes have broken out between Azerbaijan and Armenia, a day after around 100 troops were killed in the worst fighting since a 2020 war over the disputed region of Nagorno-Karabakh.
As Apple’s latest devices hit stores, CEO Tim Cook’s stewardship has seen the company more than triple its revenue in just 10 years.
Sweden’s right-wing opposition inched into a wafer-thin lead with 175 versus 174 mandates, pointing to a new government after eight years of Social Democrat rule.
When Italians vote on September 25, many expect Giorgia Meloni’s 10-year-old Brothers of Italy to emerge as the largest party in parliament, propelling its right-wing coalition to a majority.
Iran may have 93 million barrels of crude oil stored in tankers which could be released if a nuclear deal were to be reached – helping fill the void left by reduced Russian supplies to Europe.
Ukrainian forces have broken through Russian defenses in several sectors of the frontline in a long-awaited counteroffensive to retake the south of the country.
Prime Minister Narendra Modi is to commission India’s first indigenously-built aircraft carrier, INS Vikrant, as Delhi seeks to modernize its naval forces and counter increased Chinese presence in the Indian Ocean.
The global economy is increasingly at risk of falling into recession -- surveys from Asia, Europe, and the U.S. show that consumers face generation-high inflation and surging energy costs.
The United States is to deliver a new security assistance package to Ukraine worth about $3 billion. Washington has provided $10.6 billion in military aid to Kyiv since Russia’s invasion on Feb. 24.