Europe News Stories
EU Passed New Anti-Money Laundering Regulation: Here’s What it Means to Crypto
The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs). The laws would provide more powers to Financial Intelligence Units (FIUs) to detect and combat money laundering and terrorist financing. Per a...
photo: Creative Commons / Bybit https://www.bybit.com/en-US/ https://creativecommons.org/licenses/by/2.0/
Across the Western world, public opinion on Palestine is finally shifting
For a very long time, many in the Western world have not engaged at all with the issues stemming from the occupation of Palestine. The occupation was in the news, every year or so, for a day or two, and then it would go again. It was too “complicated”, those who knew about the context – on either...
photo: AP / Thibault Camus
Full gas storage in Europe expected to put downward pressure on spot prices
The high natural gas storage level in Europe, along with a forecast of a warm winter that is set to lower demand, is expected to place downward pressure on gas spot prices, according to the latest report published by the Gas Exporting Countries Forum (GECF). Europe started the 2023–2024 winter...
photo: AP / Martin Meissner, File
Ukraine detains agriculture minister in $7m corruption case
Ukraine’s Agriculture Minister Mykola Solsky has been detained on suspicion of being involved in a multimillion-dollar landgrab scheme involving state property, according to prosecutors. An anticorruption court ordered Solsky to be held in custody until June 24, with bail set at 75.7 million...
photo: Creative Commons / Vian https://creativecommons.org/licenses/by-sa/4.0/deed.en
German unemployment seen rising to highest level in almost a decade
Germany’s economic weakness is finally taking a toll on the labour market, with the number of unemployed workers expected to rise to the highest level in almost a decade, according to a study by the German Economic Institute (IW). The study, which was seen by Reuters ahead of its release on...
photo: AP / Gero Breloer
MAGA is obsessed with Viktor Orban. Liberals should be too
<p><em>By Marc Champion</em></p>.<p>Why are Donald Trump and MAGA America so fascinated by Viktor Orban, the prime minister of a small, landlocked central European nation that many of them likely couldn’t find on a map? Because, as he said in 2022 when he addressed a US...
photo: AP / Petr David Josek
'Europe could die': Macron calls for stronger defences, economic reforms
PARIS--French President Emmanuel Macron called on Thursday for stronger, more integrated European defences as he outlined his vision for a more assertive European Union on the global stage. In a speech at the Sorbonne University in Paris, he also said the continent must not become a vassal of the...
photo: AP / Geert Vanden Wijngaert
New EU trade rules ‘green squeeze’ the Global South
The EU parliament has just approved sweeping new rules that will require companies to avoid and mitigate human rights and environmental abuses in their supply chains. These are noble aims. They have been a long time coming. But without careful design and more proactive support for business and...
photo: © European Union 2024 - Source : EP / © European Union 2024 - Source : EP
Germany urges industrialized nations to live up to their climate pledges
Germany on Thursday called on industrialized nations to live up to their climate pledges, and not to cut down funds for developing countries. “We in the industrialized countries need to continue to live up to our...
photo: Creative Commons / Myrabella/https://commons.wikimedia.org/wiki/User:Myrabella
LNG replaces Russian gas in EU's energy basket over past 3 years
Russia's share of natural gas imported by European Union (EU) countries has fallen from 41% to 10% over the last three years, while the share of LNG has risen from 20% in 2021 to 41% by the end of 2023. According to information from the latest LNG report published by the EU Agency for Cooperation of...
photo: AP / Michael Probst

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