November 13, 2025 5:21 PM

EU Parliament backs new 2040 climate target

The European Parliament on Thursday approved the EU's plan to cut greenhouse gas emissions by 90% by 2040 and outsource 5% of that target to countries outside the bloc via carbon credits, paving the way for it to be passed into EU law. The plan, a hard-fought political compromise, falls short of th...

November 13, 2025 4:47 PM

Bulgarian parliament overturns presidential veto on Lukoil refinery takeover

The Bulgarian parliament on Thursday overruled a presidential veto on legislation allowing the government to take control of Lukoil's oil refinery and sell it to shield the asset from looming U.S. sanctions. The U.S. Treasury's Office of Foreign Assets Control (OFAC) and Britain imposed sanctions l...

November 13, 2025 3:20 PM

IEA sees global oil supply growth driving larger market glut

The International Energy Agency (IEA) raised its global oil supply growth forecasts for this year and next in its monthly oil market report on Thursday, signalling a deeper surplus in 2026. "Global oil market balances are looking increasingly lopsided, as world oil supply is forging ahead while oil...

November 13, 2025 2:39 PM

Bangladesh to hold referendum on reform charter proposals, Yunus says

Bangladesh will hold a national referendum on implementing its 'July Charter' for state reform, drafted after last year's deadly student-led uprising, Muhammad Yunus, the head of the country's interim government, said on Thursday. He also reiterated that parliamentary elections will be held in Febr...

November 12, 2025 11:13 PM

Are the deadly US strikes on alleged drug vessels legal?

U.S. strikes against suspected drug vessels in the eastern Pacific and Caribbean have killed dozens of people who President Donald Trump's administration calls drug-trafficking terrorists responsible for thousands of deaths in the United States. The administration has said it has "every authorizati...

November 12, 2025 9:08 PM

Brazil’s COP30 resumes after security clashes with Indigenous protesters

A day after Indigenous protesters stormed Brazil's COP30 climate summit, country delegates returned to negotiating actions, policies and financing for tackling climate change with an air of calm. The reopening had been slightly delayed for repairs to damage at the entrance from the previous night's...