The European Parliament has approved legislation to put an EU‑US trade framework into effect, but only after adding measures to protect European interests.Lawmakers insisted on conditions that would force a pause or end the deal if Washington fails to meet its commitments.MEPs voted 417 in favour, 154 against and 71 abstained. The text still needs formal approval from all 27 EU governments...

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...

A major trade agreement signed this week will send more Australian beef to Europe by removing most export tariffs and easing market access.The pact, negotiated over about eight years, is valued at roughly A$10 billion and was finalised on Tuesday.Nearly all EU duties on a range of Australian farm products will be eliminated, covering wine, fruit and vegetables, olive oil, seafood, most dairy, and...

Another surge in energy prices has jolted Europe, reviving memories of the 2022 shock that followed Russia’s invasion of Ukraine.This time the trigger is instability in the Middle East, which has disrupted key shipping routes and sent markets into a fresh tailspin.The EU had vowed to end its heavy dependence on Russian fuels after 2022 and moved quickly: Russia now supplies almost none of the...

A fresh shock from the Middle East has sent energy markets reeling and reopened a debate Europe hoped it had settled.Months after stepping away from Russian fuels, EU capitals now face sharp price jumps and renewed political pressure as supplies tighten.After Russia’s 2022 invasion of Ukraine, the EU moved quickly to cut dependence on Moscow. Oil flows from Russia have almost disappeared for...

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...

Senior US officials are pressing the European Union to rethink its rules for major tech firms as part of talks over steel and aluminium tariffs in Brussels.Commerce Secretary Howard Lutnick said Europe should make its digital regulations more welcoming to American tech companies if it wants lower US duties on metals.The comments come during negotiations to follow up on a trade framework agreed in...