Milan, December 16, 2025 – Europe’s second-largest automaker, Stellantis NV, has raised concerns that recent European Commission proposals aimed at supporting the automotive sector’s energy transition fall short of addressing key industry challenges. In a statement on Tuesday, the company highlighted the lack of a roadmap for light commercial vehicles and insufficient flexibility regarding 2030

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Brussels, December 17, 2025 – The European Union (EU) is set to strengthen its carbon border levy, extending the world’s first carbon border tariff to include imported car parts, construction machinery, and household appliances like washing machines, according to proposals published by the European Commission on Wednesday. The move aims to tighten loopholes and prevent

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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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