Hungary's decision to block a €90bn EU loan for Ukraine has provoked sharp criticism from fellow European leaders and exposed deep divisions ahead of next month's Hungarian elections.After a tense summit in Brussels, Prime Minister Viktor Orbán refused to lift his veto, posting on X: "No oil = no money." He linked his move to a dispute over a damaged section of the Druzhba pipeline that...

Households face a sharp rise in energy costs from July, with consultancy Cornwall Insight projecting an increase of roughly £332 a year for a typical dual-fuel home.The firm estimates the annual bill under Ofgem's price cap for July to September would reach about £1,973, up from the current level of £1,641.Cornwall Insight is updating its outlook weekly because of large swings in wholesale...

Danish authorities reportedly planned to sabotage key airstrips in Greenland to block any attempt by the United States to seize the island, according to a report by Denmark's public broadcaster DR.DR says its account is drawn from a dozen senior sources in the Danish government and military, with two European officials later confirming elements of the story to the Financial Times.The Danish...

The flare-up around Iran is already sending sharp ripples through the UK economy, touching everything from farmers' fuel supplies to homebuyers' mortgage deals.Even though Britain does not import Iranian gas, recent missile strikes have driven up global energy prices fast enough to affect domestic markets.Farmers are rationing red diesel and some mortgage offers have been withdrawn as lenders...

Missile attacks on Qatar's key energy hub at Ras Laffan have caused heavy damage to liquefied natural gas and gas-to-liquids facilities, sending gas prices sharply higher and raising concerns about a prolonged hit to global supplies.Ras Laffan is Qatar's main LNG processing complex, handling roughly one-fifth of the world's liquefied natural gas.The site, near the North Field and about 80km...

Ukraine faces a growing risk of depleted missile supplies as the conflict in the Middle East draws down Western stockpiles and manufacturing capacity, President Volodymyr Zelensky warned during talks in London.He argued that an extended confrontation involving the US, Israel and Iran diverts military resources and attention away from Kyiv, while also driving up energy prices that harm Ukraine's...

When Finland prepares for national emergencies, supermarkets are part of the plan.Companies like S Group and Kesko have detailed contingency programs to keep food moving if the country faces military aggression, a widespread cyberattack, or other major disruptions.Finland’s approach builds on a long-standing Nordic practice of integrating civilian and military readiness. Since 2022, after...

Overnight drone attacks between Russia and Ukraine left at least five people dead and sparked fires and blackouts as diplomats weigh revisions to a US-backed peace proposal.Kyiv officials said a large Russian drone strike hit the capital in the early hours, striking at least two high-rise residential buildings and causing multiple fires.Emergency teams evacuated residents, rescued 18 people...

Leaders from Europe, Canada and Japan have urged further work on a US-drafted 28-point plan intended to bring an end to the war in Ukraine, expressing serious reservations about several of its provisions. At the G20 summit in Johannesburg, officials from Canada, Finland, France, Ireland, Italy, Japan, the Netherlands, Spain, the UK, Germany and Norway — together with two senior EU...