France’s Prime Minister has promised to reduce the tax burden by around 7 billion euros ($7.98 billion) from next year by reigning in public spending. Edouard Philippe said at the weekend the government would focus on reducing the budget deficit below the EU-agreed cap of 3 percent of economic output this year. “We are going […]

Just 100 companies have been identified as accountable for more than 70 percent of the world’s greenhouse gas emissions, according to a report published Monday. The Carbon Majors Report, published in collaboration with the Climate Accountability Institute, found that more than half of industrial emissions worldwide could be sourced to only 25 corporate or state-owned […]

A joint Russian-US working group on cybersecurity, proposed by President Vladimir Putin in a discussion with US President Donald Trump in Hamburg, is unlikely to be launched any time soon, a Russian official said on Monday. “President Putin proposed forming a working group. This does not mean that it should start working immediately, virtually tomorrow,” […]

The Kremlin said on Monday that Ukraine’s potential membership of the North Atlantic Treaty Organization (NATO) would not boost stability and security in Europe. Ukraine and NATO will begin discussions on a roadmap to get Ukraine into NATO, with Kiev pledging to make the necessary reforms by 2020, President Petro Poroshenko said earlier on Monday. […]

A turning point in the oil market is on the horizon amid a sharp drop in investments and a lack of fresh conventional discoveries, Saudi Aramco’s chief executive told CNBC on Monday. “A lack of investment is definitely not helping, so if that continues over the next couple of years there will be an inflection […]

The U.K. government is to present Thursday a draft bill that will affect all kinds of laws that have governed the country for more than 40 years – the so-called Repeal Bill. This is a key step to take the U.K. out of the European Union and avoid legal chaos. But it’s certain to raise […]

The news industry is to band together to seek a limited antitrust exemption from Congress in an effort to fend off growing competition from Facebook and Google. Traditional competitors including The Washington Post, The Wall Street Journal and The New York Times, as well as a host of smaller print and online publications, will temporarily […]

Commuters in Dubai could be taking to the skies in “passenger drones” later this year. The city’s Roads and Transportation Agency announced in June that its autonomous aerial taxi (AAT) service will be trialled at some point between October and December, with aircraft provided by German aviation company Volocopter. But new research from YouGov suggests […]

Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Monday. “When you look at the energy requirements, the increasing population, we feel there’s going to be a necessity from an oil and gas perspective as […]

The European Parliament has criticized the U.K.’s proposals on EU citizens’ rights as a “damp squib” and has vowed to reject a Brexit deal if Britain does not offer more. Chief negotiator Guy Verhofstadt and leaders of four of the parliament’s main groups wrote in a joint letter to newspapers that Britain’s plans for the […]