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Landmark deal struck at Cop28 to transition away from fossil fuels

BRUSSELS (Reuters) -The European Commission on Monday said it would extend a loosening of state aid rules by three more months than initially planned, to end June 2024, to allow EU countries to compensate companies for high energy prices resulting from Russia's invasion of Ukraine and tensions in the Middle East. The EU executive relaxed its state aid rules in March last year after thousands of companies were hit by the war in Ukraine, saying the easier regime would end in December this year. Earlier this month, the Commission had indicated it would extend this loosening until March 202...

(Bloomberg) -- Siemens Energy AG is in talks with the German government about securing as much as €16 billion ($16.9 billion) in state guarantees as problems at its wind-turbine unit spread to the rest of the business. Shares plummeted 40%.Most Read from BloombergControversial Chip in Huawei Phone Produced on ASML MachineApple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesIsrael Is Losing Support as Fury Grows Over Its Strikes on GazaWhat Happened Inside Morgan Stanle

News and analytical articles about Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan.

President Volodymyr Zelensky has signed a bill designed to ensure the predictability of budget policy and to strengthen debt sustainability, lawmaker Yaroslav Zhelezniak announced on Aug. 18.