Trump says Europe agreed to release โmassive amountโ of diesel reserves
US President Donald Trump says Europe agreed to release a โmassive amountโ of diesel from emergency stockpiles.
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US President Donald Trump says Europe agreed to release a โmassive amountโ of diesel from emergency stockpiles.
European countries have agreed to release diesel stocks, US President Donald Trump said on Friday, after the White House pressured governments to do so, in a bid to cool surging fuel prices linked to the Iran war. โEurope has just agreed to release a massive amount of their heavily stocked diesel oil. The process will begin immediately,โ Trump wrote in a post on Truth Social. Trumpโs statement followed โtalks on Friday among EU governments, who discussed a proposal by France for European...
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Delano D'Souza is pleased to welcome Carlos Mascarell Vilar, political scientist based in Spain. From his own perspective, Emmanuel Macron's visit to Spain needs to be understood by European power, political legacy, and geoeconomics. France and Spain are seeking to reinforce their bilateral relationship at a moment when the balance of power within Europe is changing rapidly, particularly with the growing importance of countries in the east such as Poland. For Macron, strengthening the Madrid-Paris axis is also part of a broader effort to advance European defence and strategic sovereignty.
A record 52% of Europe faced intense heat stress this summer, the EUโs climate monitor said Friday, as climate change fuelled widespread heatwaves and tens of thousands of excess deaths. Europe recorded its third warmest summer, while western Europe experienced its hottest, with several countries setting national temperature records overall.
The US on Thursday told its European allies to help lower global diesel prices by releasing strategic reserves โimmediately,โ with EU member states due to discuss the crisis on Friday. Reports said the Trump administration wants France and Germany in particular to tap their stockpiles of diesel to try to curb prices sent soaring by the US war on Iran. โOur European partners should accelerate delivery on their existing commitments and make additional supplies immediately available to address...
The United States on Thursday urged European allies to release strategic diesel reserves immediately to curb prices driven higher by the US war on Iran. EU states will discuss a coordinated response on Friday, as Washington increases pressure following President Donald Trump's suggestion that he could ban US diesel exports.
President Vladimir Putin on Thursday reiterated Moscowโs long-held position that Russia is not planning to attack European countries but will respond to aggression with โall weaponsโ in its arsenal. In remarks at a foreign policy forum, Putin accused the West and Europe of escalating tensions by talking about preparing for a war with Moscow in the coming years, conducting military drills in the Baltic Sea, and seizing Russian vessels. His remarks followed Moscowโs warning to Nato that it would...
The risk premium in euro-area government bonds shot up on Thursday, a sign that concerns around Franceโs fiscal and political situation are starting to spill over into other markets.
Europe faces growing pressure from the US and China as it struggles to stay competitive.
French President Emmanuel Macron on Wednesday met Spanish Prime Minister Pedro Sanchez at the Moncloa Palace in Madrid on the second day of a two-day state visit. Speaking at a press conference alongside Sanchez, Macron outlined his strategies for addressing the crisis of democracy and the rise of what he described as "extremes," starting with massive investment in a "stronger Europeโ.
Rio Times ยท Europe Intelligence Brief September 30, 2026 โ A second consecutive strike night killed at least four โ Reuters counted five โ and damaged Kyiv's power supply, while Poland scrambled jets and Rzeszรณw and Lublin airports briefly suspended operations; German inflation rose in five states at once with the national print forecast at 3.2 per cent; Vuฤiฤ announced an early resignation and a snap election for 25 October; King Felipe VI put Ceuta on the state-dinner table during Macron's visit; Commissioner Jรธrgensen put the year's extra energy bill above โฌ100 billion. The post Europe Intelligence Brief โ Wednesday, September 30, 2026 appeared first on The Rio Times.
We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. As Chinese carmakers diversify beyond CATL, Beijing warns of market overreaction A publication under Chinaโs industry ministry has pushed back against market chatter of โde-CATLisationโ as a growing number of the battery giantโs automotive partners diversify their suppliers, with the...
Rio Times ยท Europe Intelligence Brief September 29, 2026 โ Russian drone strikes kill nine across Ukraine, reaching the National Academy of Sciences in Kyiv; gas crosses eighty euros per megawatt hour and the euro slides two per cent; France's civil servants strike against the budget; Brussels concedes Ceuta's images beat its statistics; Meloni and Babis schedule an ETS2 postponement for the October summit; Britain's retailers warn of four-per-cent inflation by 2027. The post Europe Intelligence Brief โ Tuesday, September 29, 2026 appeared first on The Rio Times.
Pope Leo on Monday warned that relations between nations were becoming "increasingly uncivilised" with people boasting of "lies and deceit", and urged Europe to help "break this cycle"as he wrapped up what France 24's Angela Diffley says has been a "hugely successful" visit to France with a speech in Metz.
Pope Leo XIV urged Europe to remember its Christian history and appealed for peace and unity in a speech delivered in France's northeastern city of Metz on Monday, the fourth and final day of his visit. "Relations between individuals and states are becoming increasingly uncivilised. The value of keeping one's word is dismissed. Instead, people boast of lies and deceit," he said. "Europe can help to break this cycle through the respect for others that it has learned to cultivate and preserve."
Erin Ogunkeye is pleased to welcome Miles Pattenden, historian of the Catholic Church at the University of Oxford. For Pattenden, Pope Leo XIVโs visit to France is part of a broader recalibration of the papacy. While Pope Francis placed particular emphasis on the Catholic Churchโs peripheries and the needs of the Global South, Leo is subtly bringing the Churchโs historic European heartlands back into focus. France is especially significant in this regard, given its deep historical relationship with Catholicism and its evolving relationship with Christianity, European identity, secularism and contemporary geopolitical debates.
One in six companies in western Europe is under financial strain as rising leverage leaves businesses more vulnerable to shocks, according to Boston Consulting Group.
Europe Intelligence Brief โ Friday, 25 September 2026 The Gran Vรญa in Madrid. The eviction of an 87-year-old woman from the flat her family had rented since 1956 has put an anti-eviction decree on the Spanishโฆ The post Europe Intelligence Brief โ Friday, September 25, 2026 appeared first on The Rio Times.
Europe's top leagues, from England, Spain, Italy and Germany, add pressure on Gianni Infantino after World Cup plan.
Chinese carmakers have gained ground in Europeโs shift to electric cars, emerging as the biggest winners in plug-in hybrids despite moves by Brussels to curb their expansion. As petrol prices climbed across the EU, hitting a record high of more than โฌ2.30 a litre (US$9.91 a US gallon) in Germany this month, the move to battery power gathered pace. Battery-electric registrations jumped 62.7 per cent year on year in August and accounted for 21.7 per cent of new registrations in the first eight...
Diesel prices outside the US surged relative to American ones as the possibility of the Trump Administration introducing an export ban rattled the market.
With security of supply high on the political agenda, the regionโs manufacturers are fending off Chinese rivals.
Investors are sticking with short-dated bonds in Europe and the UK, in a bet that expectations for interest rate increases have gone too far.
Europe needs more long-term contracts for seaborne gas supply to hedge against soaring prices, said the head of Swiss energy company MET Group.