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The Latest Breaking News from European Union

Ukraine war: West’s Russian oil cap ‘weak,’ Zelensky says

The measure is aimed to reduce Russia’s income from selling oil

The Independent UK

Russia rejects $60 oil price cap, warns of response

Ukraine’s Western allies approve oil price cap to starve Russia of revenues as Kyiv pushes for a lower cap of $30.

Al Jazeera

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK

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Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Britons need to be kept aware of the cost of leaving the EU, says Swati Dhingra

The Guardian - UK

Russia-Ukraine war at a glance: what we know on day 283 of the invasion

The Kremlin says US refusal to recognise Moscow’s annexed territories in Ukraine is hindering any potential settlement and EU members agree on Russia oil price cap

The Guardian - AU

Turkey's Erdogan cosies up to Italy's far-right Prime Minister Giorgia Meloni

Turkish President Recep Tayyip Erdogan and Italy's newly elected far-right Prime Minister Giorgia Meloni appear to be finding unlikely common ground on issues relating to Africa and migration. Meloni's is the latest in a list of strong partnerships that Erdogan has been working to build with European far-right leaders.

Radio France Internationale

UK and allies announce cap on Russian oil ‘to clamp down on Putin’s funding streams’

The cap is designed to curb Russia’s revenues from oil without halting significant volumes of exports, which could lead to supply shortages and push up prices globally

Evening Standard

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EU Agrees to Cap Russian Oil at $60 per Barrel

European countries agreed to cap Russian oil price at $60 per barrel to further weaken Moscow's ability to finance its war in Ukraine.

Asharq Al-Awsat

G7 and allies approve Russian oil price cap to ‘slow war machine’

The £48 per barrel price cap will come into effect in early December, but Ukraine says it’s not low enough

The Independent UK

G7 Coalition Agrees $60 Per Barrel Price Cap for Russian Oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day. The EU agreed the price after holdout…

Asharq Al-Awsat

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

The Guardian - AU

Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AAP

The Weekly Wrap for Saturday, 3 December 2022

What a spectacular finish to the Group Stage of the World Cup. It's a wonderful game. We'll give the FIFA-bashing a rest for the week; they seem to be doing a good enough job of it themselves at the moment.

inkl Originals

China's Xi told EU less lethal Omicron opens way for fewer COVID restrictions

Chinese President Xi Jinping blamed mass protests in Chinese cities on youth frustrated by years of the COVID-19 pandemic, but said the now dominant Omicron variant of the virus paved the way for fewer restrictions, European Union officials said.

Reuters

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Reuters

G7 coalition agrees $60 per barrel price cap for Russian oil

Tribune News Service

EU agrees to set $60 price cap level for Russian oil exports

The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.

The Independent UK

EU tentatively backs $60-per-barrel price cap on Russian oil

The European Union has tentatively agreed to a $60-per-barrel price cap on Russian oil

The Conversation

Emmanuel Macron's state visit with Joe Biden: key takeaways as relations warm up after a frosty few months

Emmanuel Macron has just completed the first major state visit to the US since the pandemic.

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France 24

Orban says Hungary will stick to veto of EU's Ukraine aid plan

Hungary's prime minister said Friday that he will continue to oppose a European Union plan to provide an €18 billion aid package to Ukraine in 2023, a position that promises sustained tensions as the bloc and the nationalist Hungarian government wrangle over democratic standards.

The National (Scotland)

LaLiga would be ‘bankrupt’ if Real Madrid and Barcelona join Super League

Real Madrid and Barcelona have been warned they will bankrupt LaLiga and themselves if they press ahead with plans for a European Super League.

Fortune

Zuckerberg skeptical of skeptics, $1 billion in NFT creator royalties, and real-life metaverse clothing from Forever 21

Meta founder Mark Zuckerberg said he doesn't care what people say about his metaverse, plus news on OpenSea's $1 billion creator royalty program and real-life metaverse clothing.

Al Jazeera

Spain suspects letter bombs linked to Russia’s war in Ukraine

The six explosive envelopes were sent to three Spanish politicians, two embassies, an air base and a weapons maker.

Reuters

Malta's bishops urge lawmakers not to back 'abortion law'

Malta's bishops have urged lawmakers not to back a bill now before parliament which they view as opening the door to abortion in the only European Union country that does not permit it under any circumstances.

Daily Mirror

Ukrainian embassies across Europe sent 'bloody packages' containing animal eyes

The packages, soaked in a liquid with a distinctive colour and smell, were sent to Ukrainian embassies in Hungary, Netherlands, Poland, Croatia, Italy and Austria

The Guardian - UK

First Thing: China brings in ‘emergency’ level censorship over protests

Amid zero-Covid protests, crackdown on VPNs used for banned social media. Plus, Senate rejects paid sick leave for rail workers

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