After eight years of talks, Australia and the European Union have finalized a wide-ranging free trade agreement in Canberra valued at roughly A$10 billion.The pact removes almost all customs duties between the two sides and also deepens cooperation on defence, supply-chain resilience and critical minerals — steps officials said are designed to withstand growing global uncertainty.Tariffs on...

German politicians are preparing to make the creation and sharing of pornographic deepfakes a criminal offence after a high-profile complaint from a television actress sparked national debate.Collien Fernandes has lodged a legal complaint in Spain accusing her former husband, actor Christian Ulmen, of circulating sexualised images of her online.The allegation, first detailed in a German magazine,...

A major industry group is warning the UK it must boost domestic oil and gas production to avoid growing dependence on imported fuel as global tensions push prices higher.Offshore Energies UK (OEUK) says the government should rethink its ban on new North Sea exploration licences, arguing that Britain risks exposure to supply shocks if more home-grown output is not allowed.Energy markets have...

Larry Fink, chief executive of asset manager BlackRock, warned that oil at around $150 a barrel would likely push the global economy into a deep downturn.He told the BBC that if tensions with Iran persist and energy prices remain elevated, the fallout would be severe for growth and living standards.Fink, who runs a firm with about $14 trillion under management, outlined two broad paths for the...

Chancellor Rachel Reeves says the government is drawing up contingency plans to shield the most vulnerable households if the war in the Middle East drives UK energy costs higher.Reeves warned the full economic fallout is still unclear but promised measures would focus on those most in need, while sticking to borrowing limits and a goal of keeping inflation and interest rates down.Households in...

Mortgage borrowers, and first-time buyers in particular, are facing a sudden squeeze as lenders withdraw low-deposit deals and interest rates climb sharply.Industry data show more than 200 low-deposit mortgage products have been removed since 6 March, with one day seeing 52 deals pulled and another 30 taken off the market.Overall, over 20% of products available at the start of the month are no...

Slovenia has moved to limit how much fuel each motorist can buy, becoming the first EU member state to introduce nationwide rationing as regional tensions push up prices.The government says the measure responds to market disruptions driven by recent strikes in the Middle East that have shaken global energy supplies and sent pump prices higher.Under the new rules, private drivers may purchase up...

France's Socialist incumbents held onto the country's four biggest cities — Paris, Marseille, Lyon and Lille — in local elections that offered a boost to established parties ahead of next year's presidential contest.The results suggested a retreat from political extremes in many urban centres, even as the far left and far right made selective advances in other areas.Parties across the...

The Irish government has announced a temporary cut to fuel excise duties to ease pressure from a recent spike in pump prices linked to conflict in the Middle East.From midnight on Wednesday until the end of May, excise on diesel will be lowered by 20 cent per litre and petrol by 15 cent per litre.Cabinet will consider the measures on Tuesday after they were agreed at a leaders' meeting earlier...

A leading offshore trade group has urged the UK government to allow more North Sea oil and gas activity, warning that shrinking domestic output is leaving the nation exposed to volatile global markets.Offshore Energies UK (OEUK) said recent supply shocks and rising crude prices have underlined the need for more home-grown hydrocarbons to reduce import dependence.The trade body pointed to...