Category: European Union

Sweden Says It Has Uncovered a Rare Earth Bonanza

The state-owned mining company announced it had found Europe’s largest deposit of the vital minerals used in electric vehicles and other green technology.
French Food Giant Danone Sued Over Plastic Use Under Landmark Law

Environmental groups are relying on a law in France requiring large companies to address their environmental footprint.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law

The decision is one of the most consequential issued under the E.U.’s landmark data-protection law and creates a new business headwind for the social media giant.
Natural Gas Prices in Europe Fall to Pre-Invasion Levels

Warm weather, alternatives to Russian gas and a buildup of storage all help. But prices remain high for consumers and industry.
Investigating the Nord Stream Pipeline Sabotage

As investigators piece together clues, Russia has quietly taken steps to begin expensive repairs on the giant gas pipeline, complicating theories about who was behind September’s sabotage.
Amazon and E.U. Reach Deal to End Antitrust Investigation

The online retail giant avoided a major fine but agreed to changes that have long been sought by merchants who depend on Amazon to reach customers.
Qatar Bribery Case Cracks Open European Parliament — and Finds Hidden Cash

Prosecutors say the glamorous lifestyle of a European lawmaker masked a Qatari corruption scandal. It exposed how vulnerable Brussels is to foreign influence.
Oil Prices Drop, Despite Heightened Sanctions on Russian Crude

The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.
How Biden’s Climate Push Could Spur a Trade War With Europe

The European Union is crying foul over the Inflation Reduction Act, saying the billions in climate subsidies it offers create a trade imbalance.
Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo of Russian oil begins on Monday.
Ukraine’s Allies Agree on Russian Oil Price Cap

The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.