London, December 17, 2025 – Global coal demand reached an all-time high of 8.85 billion metric tons in 2025, according to the International Energy Agency (IEA), but the world is expected to gradually reduce its reliance on coal by 2030. This decline is driven by the rapid growth of renewable energy, nuclear power, and abundant

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Paris, December 17, 2025 – French oil and gas giant TotalEnergies SE has announced the sale of 50% of its 424-megawatt (MW) renewable energy portfolio in Greece to Spanish investment firm Asterion Industrial Partners for 254 million euros ($297.36 million). The transaction values the portfolio at 508 million euros, roughly 1.2 million euros per megawatt

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Salzgitter, Germany, December 17, 2025 – Volkswagen’s battery subsidiary, PowerCo SE, is intensifying its search for external financing options as the German automotive giant tightens its investment budget, the company’s CEO, Frank Blome, confirmed. This move comes after Volkswagen reported a 1.3 billion euro ($1.5 billion) loss in the third quarter and faces mounting pressures

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India to Focus on Reducing Debt-to-GDP Ratio from Next Fiscal Year, Confirms Finance Minister Nirmala Sitharaman New Delhi, December 17, 2025 – In a significant announcement aimed at strengthening India’s fiscal health, Finance Minister Nirmala Sitharaman stated that reducing the country’s debt-to-GDP ratio will be the government’s top priority starting from the next fiscal year,

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Greece has recorded a central government primary budget surplus of €12.65 billion ($14.8 billion) in the 11 months ending November 2025, significantly exceeding the targeted surplus of €7.70 billion, according to provisional figures released by the Greek Ministry of Finance. Strong Fiscal Performance Driven by Higher Revenues and Controlled Spending The primary surplus, which excludes

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The UK housing market is showing signs of moderation, as both house prices and private rental growth slow down, according to the latest data from the Office for National Statistics (ONS). Annual House Price Growth Hits New Low In October 2025, UK house prices increased by 1.7% year-on-year, marking the smallest annual rise since September

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India’s crude oil imports from Russia are holding strong despite mounting international pressure and sanctions from the United States and other Western countries. According to trade and refining sources, India is set to import more than 1 million barrels per day (bpd) of Russian crude in December, underlining the country’s continued reliance on Russian oil

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South Korea’s central bank cautioned on Wednesday that headline inflation in 2026 could surpass earlier forecasts if the won remains weak against the U.S. dollar. The warning comes as the Bank of Korea (BOK) monitors currency volatility and potential spillover effects on domestic prices. Won’s Weakness Could Push Inflation Higher In its biannual inflation report,

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Sterling plunged to its largest one-day decline in weeks on Wednesday as investors bet heavily that the Bank of England (BoE) will cut interest rates on Thursday. The move followed official data showing British inflation fell sharply in November, intensifying expectations of an imminent easing cycle. UK Inflation Slows in November Consumer price inflation (CPI)

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