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global energy crisis (2021–2023)

Australia, EU agree sweeping new trade pact eight years in the works

Australia, EU agree sweeping new trade pact eight years in the works

The European Union and Australia struck a long-awaited free-trade deal on Tuesday, while also agreeing to boost defence cooperation and access to crucial rare-earth minerals in the face of global uncertainty over trade. EU chief Ursula von der Leyen's visit to Australia comes as the

Back to black: facing energy shock, Asia turns to coal

Back to black: facing energy shock, Asia turns to coal

Asian countries are ramping up use of polluting coal to tackle energy shortages and price spikes linked to the Iran war, but the crisis could have an environmental silver lining. While leaning on the fossil fuel will raise emissions in the near term, the energy crisis is demonstrating the risks

Oil slides, stocks rebound on Trump's Iran remarks

Oil slides, stocks rebound on Trump's Iran remarks

Oil prices tumbled and stock markets rebounded Monday after US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after initially setting a 48-hour deadline, claiming "very good" talks with Tehran. Crude futures plunged more than 14 percent after Trump's comments

EU chief in Australia as trade talks enter 'last mile'

EU chief in Australia as trade talks enter 'last mile'

EU-Australia talks to strike a trade pact were in their "last mile" Monday, Brussels said as European Union chief Ursula von der Leyen arrived in Sydney raising hopes for a deal. Years in the making, the accord would be the latest inked by Brussels in a push

Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief

Global economy under 'major threat' from Strait of Hormuz crisis: IEA chief

The global economy is under "major threat" from the energy crisis caused by the Middle East war and "no country will be immune" to its effects, International Energy Agency chief Fatih Birol said Monday. Speaking at the National Press Club in Australia's capital, Birol

Oil stays above $100, stocks slide tracking Mideast war

Oil stays above $100, stocks slide tracking Mideast war

Oil prices stayed over $100 per barrel Friday while stock markets slid, with no end in sight to disruption in crude supplies as war rages on in the Middle East. With the conflict heading toward its third week, equity markets continued falling amid investor worries of an extended crisis that

Macron pledges no 'respite' for Russia despite Mideast war

Macron pledges no 'respite' for Russia despite Mideast war

French President Emmanuel Macron Friday vowed to keep up pressure on Russia to end its four-year invasion of Ukraine after Washington partially rolled back sanctions against Moscow to cool oil prices sent soaring by the Middle East war. Kyiv's allies worry that the United States temporarily allowing