The provisional political agreement, which was reached after nightlong negotiations between the EU parliament and states, seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today. The EU has set an ambitious target to become a "climate neutral" economy by 2050, with net-zero greenhouse gas...

"Those who are trying to blackmail us with nuclear weapons should know that the wind can also turn in their direction," Putin said, adding: "This is not a bluff." However analysts aren't convinced the Russian president is willing to be the first to unleash nuclear weapons since the US bombed...

German gas company VNG on Friday became the latest European energy firm to seek government aid as reduced Russian pipeline flows pushed up energy prices and put its business under stress. VNG, Germany's third-largest gas importer and storage operator, asked for support to "avert further losses" and allow the group's...

Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. That was not far from the record high 345 euros struck in March shortly after key gas producer Russia invaded Ukraine. In stock market trade, European equities pushed higher mirroring Asian gains.

Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which had refused to join a UN Security Council vote condemning Russia's war.

Finland on Saturday sought to allay Moscow's fears about its bid to join NATO, as fierce fighting raged in Ukraine's east, slowing a Russian advance. One of Europe's fiercest conflicts since World War II has seen more than six million people flee for their lives, and according to Kyiv has...

The EU should confiscate and sell Russian assets it has seized and use the proceeds to rebuild war-scarred Ukraine, EU chief Charles Michel said in an interview published Thursday. He was the first high-ranking EU official to propose the confiscation of oligarchs' assets.

Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP. The region relies on Russia for the vast majority of its energy needs, especially natural gas, and IMF economists looked at the economic cost of...

As Europe aims to wean itself off Russian fossil fuel because of the Ukraine invasion, Israel hopes to help fill the gap with gas from its offshore reserves. EU states remain divided on the time scale, but European Commission President Ursula von der Leyen has said the bloc hopes to...

Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic programme.

European benchmark Brent North Sea crude climbed 5.1 percent to $116.80 per barrel in morning deals. New York's WTI contract advanced 3.5 percent to $112.58. Both contracts had collapsed by more than 12 percent in value on Wednesday, as traders also seized on a glimmer of hope for peace talks...

In Europe, the three main indices all closed more than three percent higher, recovering most if not all of the previous day's losses, as Western nations held off from imposing sanctions that would cripple critical sales of Russian oil and gas.

The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine.

German, Russian, Ukrainian and French representatives have agreed to meet again in March after "difficult talks" in Berlin, sources close to French and German negotiators told AFP on Friday.

The meeting would be the two leaders' second since Biden was elected president.

The wildfires broke out on Wednesday across southern provinces, injuring more than 300

Even as Sinovac will become the second Covid-19 vaccine to be manufactured locally in the country, only 10 percent of the 44 million population has been inoculated in nearly six months of the vaccination drive.