Chery and BYD face $53 million repayment after audit questions Chinese green-car subsidies
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government au...
European Union member states have asked the European Commission to keep secret their national strategies for phasing out Russian oil and gas by the end of 2027.
The Commission’s proposal, introduced last month, requires countries to submit detailed plans outlining how they intend to reduce dependence on Russian energy.
These plans would include measures to cut demand, increase renewable energy production, secure alternative suppliers, and identify any regulatory or technical barriers. However, EU governments are now pushing to classify these documents under 'professional secrecy,' meaning they cannot be disclosed without the country’s consent.
According to the draft, prepared by Denmark — which currently holds the rotating EU presidency — this confidentiality would prevent potentially market-sensitive information from influencing gas prices or revealing national sourcing strategies.
While member states would still be required to submit the plans to Brussels, they want the contents shielded from public or intergovernmental view. The European Commission has yet to clarify whether it intends to uphold such secrecy.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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