Euro dips to seven-week low after Trump vows tariffs on eight European nations
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a ...
Ukraine says it will seek almost $44 billion from Russia to cover the climate damage caused by wartime emissions, marking the first attempt by any nation to bill an aggressor for its carbon footprint during conflict.
Speaking on the sidelines of COP30 in Belém, Brazil, Deputy Minister for Economy, Environment and Agriculture Pavlo Kartashov said the war has turned Ukraine’s ecosystems into a “silent victim”, with severe harm to land, forests and water, alongside a surge in greenhouse gases released by fighting and destruction.
Ukraine argues that Russia’s invasion has generated around 237 million tonnes of extra CO₂-equivalent emissions since 2022 — roughly the annual output of Ireland, Belgium and Austria combined — according to Dutch carbon-accounting specialist Lennard de Klerk, who assisted in calculating the figure.
The claim is based on the social cost of carbon, valued at about $185 per tonne in a 2022 Nature study. Ukraine plans to file the demand through a new compensation mechanism being set up by the Council of Europe, which has already logged roughly 70,000 individual claims for war-related losses.
If the claim proceeds, it would be the first case in which a state is held financially liable for emissions produced as a result of an act of aggression.
De Klerk said the eventual source of compensation remains uncertain, though frozen Russian assets held abroad are seen as a potential avenue - a move Russia said would elicit a "painful response".
A member of Russia’s delegation at COP30 declined to comment.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Egypt and Sudan have welcomed an offer by U.S. President Donald Trump to restart mediation with Ethiopia in a bid to resolve the long-running dispute over Nile River water sharing.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
Poland plans to expand its armed forces to 500,000 by 2039, including 300,000 active-duty troops and 200,000 reservists, officials said Friday. The enlarged force would feature a new high-readiness reserve unit.
European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
Portugal is holding presidential elections with a record 11 candidates, as populist leader André Ventura emerges as a possible front-runner.
Two people were killed and dozens injured in overnight Russian drone attacks across Ukraine, as strikes on energy infrastructure left many regions without power amid freezing temperatures, President Volodymyr Zelenskyy said.
Iran’s state broadcaster was briefly hijacked on Sunday, airing footage of anti-regime protests and a message from exiled crown prince Reza Pahlavi, according to opposition-linked outlets.
Ugandan authorities partially restored internet services after President Yoweri Museveni won a seventh term, extending his rule into a fifth decade.
At least five people have died and dozens were injured after two high-speed trains derailed on Sunday near Adamuz, southern Spain, railway operator ADIF and state media reported.
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