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The Latest Breaking News from European Union

EU to claw back energy firms' profits rather than cap Russian gas price

European Union energy ministers on Friday tasked Brussels with drafting proposals within a few days to cap the revenues of non-gas energy producers and help power firms stay afloat.

Reuters

Cazoo to abandon business operations in EU and cut 750 jobs

UK online car retailer will make all of its employees in France, Germany, Italy and Spain redundant

The Guardian - UK

EU calls detention of senior diplomat in Belarus 'deplorable'

The European Union on Thursday condemned the detention of a senior diplomat to Belarus who attended the trial of opposition activists in the capital Minsk as "unacceptable and deplorable".

Reuters

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Russia says it will retaliate against EU visa restrictions

Russia said on Thursday it would retaliate against European Union curbs on visas for Russians, but would not close itself off from the bloc.

Reuters

Online car seller Cazoo performs Europe u-turn to focus on UK

The firm has opted to pull out of the four mainland European countries where it has a presence and focus on the UK in a bid to maintain its profitability targets and to avoid seeking eternal funding.

Evening Standard

Top Financial Stories Thursday, September 08: Amazon Slows Down Hiring, Netflix Focuses On Cost Cutting, iPhone 14 Will Be Available In Russia And More…

Reuters

Benzinga

Italy election: who’s running, who will win, and why does it matter?

Polls are predicting centre-right coalition led by ‘post-fascist’ Brothers of Italy will triumph later this month

The Guardian - UK

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‘Not rocket science’: Bertie Ahern urges UK to return to Brexit talks

Architect of Good Friday agreement says he doesn’t want Northern Ireland ‘to be part of blame game’

The Guardian - UK

EU and Thailand cap turbulent decade with a partnership agreement

The European Union (EU) has finally sealed a Partnership and Cooperation Agreement (PCA) with Thailand, its sixth with a Southeast Asian country, as both sides seek to repair relations that frayed following a military coup in Bangkok eight years ago.

Bangkok Post

EU boosts military support to gas-rich Mozambique amid energy crisis

The European Union said on Thursday it would provide additional support to an African military mission in Mozambique, as Islamist attacks threaten gas projects meant to reduce the bloc's reliance on Russian energy.

Reuters

Mossad Chief Kicks Off Meetings in Washington to Discuss Nuclear Deal

Israeli Mossad chief David Barnea arrived in Washington for a series of meetings with US officials. Upon arrival at Andrews Air Force Base near Washington on Tuesday evening, Barnea met with senior officials of the White House, the US State Department, and the Pentagon. He also met with the Director…

Asharq Al-Awsat

Russia's war on Ukraine latest news: U.S. said to prod Kyiv on talks

President Joe Biden's U.S. administration is privately encouraging Ukraine’s leaders to signal an openness to negotiate with Russia and drop their public refusal to engage in peace talks unless President Vladimir Putin is removed from power, the Washington Post reported.

Reuters

Putin Says Ukraine Grain Deal Mostly Helping Rich EU

Russian President Vladimir Putin said Wednesday that "almost all" the Ukrainian grain shipped under a UN-backed deal to ease a global food crisis was reaching rich European nations, an accusation denied by Kyiv. Data compiled by a joint center in Istanbul monitoring the July agreement showed slightly more than a…

Asharq Al-Awsat

India and China undercut Russia’s oil sanctions pain

Customs data suggest demand from Beijing and New Delhi is largely offsetting loss of sales to Europe

Financial Times

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The Independent UK

White House warns Truss ripping up Northern Ireland protocol ‘not conducive’ to trade talks

Biden discussed post-Brexit impasse with new PM in their first phone call

France 24

EU proposes Russian gas price cap, windfall tax

The European Union is proposing a cap on the price of Russian natural gas, despite Vladimir Putin threatening to cut off supplies for any market that does so. European Commission President Ursula von der Leyen is also asking energy ministers to consider imposing a windfall tax on companies that have…

Reuters

White House: Undermining Northern Ireland agreement will not help U.S.-UK trade talks

White House press secretary Karine Jean-Pierre said on Wednesday any efforts to undermine the Northern Ireland agreement would not create a conducive environment for trade talks between the United States and the United Kingdom.

Reuters

UK's Liz Truss appoints hardline Brexit supporter to N. Ireland Office

Britain's new Prime Minister Liz Truss on Wednesday appointed strongly pro-Brexit lawmaker Steve Baker to a junior ministerial role in the Northern Ireland Office, an appointment criticised as sending a "destructive message".

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Irish Mirror

Cabinet approves measures to cut energy use in Ireland's public sector buildings

It is hoped the Autumn Reduce Your Use energy efficiency campaign will deliver savings of 5%-10% overall and 15% in buildings

The Conversation

War in Ukraine: has the time for EU enlargement arrived?

Russia’s war of aggression against Ukraine has upended the European order as we know it, and that was even before the Nord Stream 1 gas pipeline was cut off this week. While the bloc gets down to grappling with the unfolding energy crisis, the question of consolidating its flanks by…

The Independent UK

EU ready to be ‘flexible and responsive’ over Northern Ireland Protocol: Martin

Taoiseach Micheal Martin said he looks forward to speaking with Prime Minister Liz Truss in the coming days.

ABC News

Vladimir Putin warns West could be cut off from Russian energy supply if prices are capped

Addressing the Eastern Economic Forum in Vladivostok the Russian leader reaffirms his commitment to Crimea while Ukraine ramps up offensives in the region.

The Independent UK

Greece tells state workers to save power, seeks 10% cut

Greece’s government has announced a carrot-and-stick drive to cut public sector energy use by 10% this year

Reuters

EU imports of Ukrainian chicken soar after quota lifted, French group says

The lifting of European Union custom duties on Ukrainian goods led to a jump in poultry imports that has benefited a single company rather than Ukrainian farmers, French poultry makers said on Wednesday, asking for the temporary move not to be renewed.

Asharq Al-Awsat

Greece Warns Allies of Türkiye Conflict Danger amid Tension

Greece's government has written to the country's NATO and European Union partners and the head of the United Nations, asking them to formally condemn increasingly aggressive talk by officials in neighboring Türkiye and suggesting that current bilateral tensions could escalate into a second open conflict on European soil. In the…

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