China is exporting a record amount of clean energy technology and equipment as the energy crisis from the Iran war drives surging demand for renewables, and that will help reduce global emissions, according to a report released Thursday.
Once installed or deployed, these 2026 exports will likely avert emissions of about 450 million metric tons of carbon dioxide per year, roughly equal to Brazil's annual emissions, says the analysis by the Finland-based Centre for Research on Energy and Clean Air.
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Europe's economy persevered with moderate growth in the third quarter despite higher oil prices from the U.S.-Iran war, as gross domestic product increased by 0.4% over the quarter before.
The figure released Friday for the 21 European Union member countries that use the euro currency was better than the 0.2% expected by market analysts. Compared to the same quarter a year ago, the economy of the 21 countries using the euro grew by 1.3% in the July-September period, according to EU statistics agency Eurostat.
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Dockworkers in Europe and beyond were staging strikes on Friday as part of an international campaign against arms shipments and to demand better working conditions, unions said.
Unions in France, Italy, Greece, Spain, Turkey and Morocco issued a joint call to demand an end to the wars in the Middle East, including the war in Gaza, and "an end to the militarization of ports."
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Canadian Prime Minister Mark Carney and European Union leaders are set to conclude a two-day summit Friday as the EU's top official presses to make Canada the bloc's first "associate member" and both sides seek to reduce their dependence on the United States.
European Commission President Ursula von der Leyen and European Council President António Costa joined Carney in Montreal to pursue an unprecedented alliance that could bring Canada closer to the EU than any previous arrangement with a country outside the bloc. But some European governments have resisted the proposed associate membership designation.
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With Russia's invasion of Ukraine straining on state finances, President Vladimir Putin is reaching for cash to fund his government and the war, squeezing tax revenue from an economy that's increasingly skewed toward the military — while civilian needs take a back seat.
The country's 2027-2029 state budget, which was approved Thursday in the rubber-stamp parliament on the first of three votes, is accompanied by a string of tax hikes announced after the September parliamentary elections.
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Russian President Vladimir Putin courted dozens of African leaders at a Russia-Africa summit that wraps up Thursday as he seeks to bolster Moscow's clout across the continent.
Speaking during a meeting in the Kremlin on the second day of the summit, Putin said that "Russia and Africa are united by truly strong bonds of friendship and close partnership."
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Prime Minister Mark Carney called Canada "the most European of non-European countries" early in U.S. President Donald Trump's trade war. Now, he's hosting European leaders to pursue an unprecedented alliance, but the proposed EU "associate member" designation faces resistance even as the EU's top official champions it.
European Commission President Ursula von der Leyen and European Council President António Costa will join Carney in Montreal on Thursday for a two-day summit aimed at deepening trade, defense and economic ties as Canada and Europe seek to reduce their dependence on Washington in a changing world order.
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Russian President Vladimir Putin on Wednesday hosted dozens of African leaders at a Russia-Africa summit, part of Moscow's efforts to expand its influence across the continent.
Speaking at the opening of the two-day Russia-Africa summit in Moscow, Putin cast it as an "organic part of a global transformation" and an end to Western domination, noting that "we are witnessing a multipolar world becoming a reality — a trend that is both objective and irreversible."
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British Treasury chief John Healey faces a fine balancing act when he delivers his first budget statement Wednesday, with the economic backdrop made more difficult as a result of the turmoil caused by the Iran war.
Healey, who was appointed chancellor of the exchequer in July when Andy Burnham became prime minister, takes center stage when he stands up in the House of Commons in what is arguably the key set piece of the parliamentary calendar. He emerged with his famous ceremonial red budget briefcase and his Treasury team from his office at 11 Downing Street a little more than an hour before he is due to deliver his speech.
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A tariff truce between the European Union and United States is potentially at risk due to a multibillion-dollar loan approved by the bloc's investment bank for Airbus this summer, President Donald Trump's top trade official said Monday.
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