Europe faces a projected 510,000-barrel-a-day Q4 jet-fuel deficit as disrupted Middle Eastern supply forces buyers to source fuel from as far away as South Korea.
At least eight NATO members are exploring ways to reduce dependence on US defence technology while European and Canadian military spending rises sharply.
Europe is approaching winter with gas storage only 69% full against an 85% seasonal average and benchmark prices 150% above last year, exposing the limits of its post-Russia energy strategy.
Ulf Kristersson has resigned after Sweden’s updated preliminary election count gave the centre-left parties a 176-173 parliamentary edge, beginning negotiations over a replacement government.
Bolt and Lucid plan at least 25,000 autonomous vehicles in Europe, raising a bigger labour question: what happens when additional taxi capacity no longer requires additional drivers?
Austria’s nationwide ban on Islamic headscarves for girls under 14 is now being enforced, with parents potentially facing fines and a constitutional challenge expected.
Some physical European oil cargoes have risen above $130 a barrel, with North Sea Forties reaching $136.75 as buyers seek alternatives to disrupted Saudi supplies.
Germany says Europe cannot afford to halt AI development while warning that systems escaping controlled environments would create an entirely new threat scenario.
European gas prices have reached a four-year high as the ECB warns that gas and electricity could drive the next inflation shock.
German prosecutors have charged seven alleged Hamas members over a suspected weapons network preparing an attack in Germany or Austria.
