-
Petrol and diesel prices remain broadly steady across major Indian cities
-
India proposes more import entry points for drugs and medical devices
-
Reliance shares remain in focus after near-12% surge
-
Derek Tierney Outlines Ten-Year Strategy for National Digital Health System
-
2026 Arizona Midterms: Key Races, Ballot Measures, and Voter Deadlines
-
NBC’s Steve Kornacki Reveals Tech Habits Ahead of Midterm Elections
-
Coal India prepares possible $1 billion Mahanadi Coalfields listing
-
India and Israel oppose UN draft on regional conventional arms control
-
Julia Stiles and Ezra Sosa Share Emotional Farewell After 'DWTS' Elimination
-
BLS Polymers shares open 65.3% above IPO price
-
US Buildings Threatened by Wildfires Could Triple by 2060
-
Capital-markets shares rally as Motilal Oswal and Angel One lead gains
-
Why Pregnancy Cost Estimates Fail: A Family’s $9,000 Surprise
-
Latino Voters Defy ICE Fears, Turn Out in Record Numbers for Midterms
-
US Strikes Iranian Targets in Strait of Hormuz Ahead of Midterms
-
ITC shares rise as analysts anticipate gradual cigarette-business recovery
-
Brodeur’s Overtime Goal Secures Bethlehem’s Second Consecutive Sectional Title
-
Reliance rally puts historical one-year return pattern in focus
-
Rare 1970 Plymouth ‘Cuda 426 Hemi Listed for $400,000
-
Kuwait edges Oman 1-0 in veterans Gulf Cup in Doha
-
The Digital Burden: Why Instant Messaging Feels Like a Full-Time Job
-
Saudi Aramco quarterly profit climbs 34.6% amid elevated oil prices
-
Alberta Tabled Controversial Riding Boundary Maps Amid Gerrymandering Accusations
-
Washington reports movement in Iran negotiations aimed at preventing escalation
-
Hong Kong court set to sentence activist Joshua Wong in security case
-
Korea’s Labor Share of GDP Hits Record Low Amid Semiconductor Boom
-
Australia raises benchmark rate to highest level in 18 years
-
littlefish and Halo Dot Partner to Replace Payment Terminals with SoftPOS
-
'The Remarried Empress' Cast Discusses Bringing Fantasy Royal Drama to Life
-
Kuwait inspectors destroy 115 kilograms of unverified meat in Farwaniya
-
Asian stocks retreat as AI worries outweigh steep oil-price drop
-
Egypt Accelerates Construction of 341km Sinai Railway Linking Arish and Taba
-
Hamad International Airport stages emergency drills during WATAN 2026
-
John Schneider Admits Owes Millions in 'Dukes of Hazzard' Divorce Battle
-
Global failure to punish attacks leaves journalists at continuing risk
-
Philippine Authorities Report Progress in Thomas Markle Sr. Child Pornography Probe
-
Researchers Warn 'Bookkeeping Trick' Masks Beef Industry's Methane Emissions
-
Web Summit Qatar 2026 generated QR1 billion economic impact, report says
-
Climate Change Intensified Atlantic Hurricanes, Study Finds
-
UAE oil spill raises questions for desalination operations
-
Qatar solar expansion opens scope for technical performance gains
-
Doha hotel and Carolina Herrera launch fragrance-inspired afternoon tea
-
OMP Extends UnisonIQ with Agent Library and Agent Studio: AI Agents that Produce Executable Supply Chain Plans
EU leaders struggle for common response to energy crisis
EU leaders meeting in Prague on Friday looked to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia's war on Ukraine.
President Volodymyr Zelensky was dialling in from Kyiv as the bloc looks to maintain its economic and military support for Ukraine and hold a tough line against Moscow.
EU leaders were also discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines that have been blamed on "sabotage".
But it was the sharp disagreements over how to tackle the energy crisis that were the major focus of attention as the 27 nations wrangled over the best plan to try to bring down prices.
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices caused by Russia turning off the taps.
Governments across the bloc are scrambling to lower the costs for their consumers, but they rely on different sources for their energy and are split over the solutions.
EU executive head Ursula von der Leyen is proposing a "roadmap" of measures to help ease the burden -- including potential moves to cap the price of gas.
However, there is no consensus on how any caps could work and leaders are not set to take a firm decision until a summit in Brussels later this month.
"Now, it is time to discuss how we can limit the peaks in the energy prices and the manipulation of energy prices by (Russian President Vladimir) Putin," von der Leyen told journalists.
"This will be the discussion about price caps, the question where to put them and how to put them."
- 'Common denominator' -
More than half of the bloc have pushed for the EU to impose a price ceiling on how much it would pay for gas piped or shipped in, as the northern hemisphere winter sets in.
But Germany has so far stood in the way over fears that the move could divert precious supplies away from Europe.
"A price cap on gas if that could be achieved would be grand, with the caveat that we cannot endanger security of supplies," said Latvian Prime Minister Krisjanis Karins.
"We cannot set the price so that no one would sell gas into Europe."
Berlin has come under fire from other EU members for dragging its feet on the issue while announcing a 200-billion-euro ($199-billion) fund to subsidise gas purchases at home.
"My message to Germany is be united with all the others because during difficult times everybody has to agree on a common denominator," Polish Prime Minister Mateusz Morawiecki said.
The difficulty of trying to curb prices from energy suppliers was highlighted Wednesday by the OPEC+ cartel's agreement to cut oil production in defiance of Western efforts to starve Moscow of revenue.
That decision appeared to undermine a G7 push for a cap on the price of Russian oil that was backed by the EU in its latest package of sanctions agreed this week.
Despite some discontent from Hungary, the bloc has managed to remain largely united in its opposition to the Kremlin as Putin has escalated the conflict by claiming four occupied regions.
A broader summit of 44 nations from across Europe held in Prague on Thursday highlighted Moscow's isolation.
The EU is looking to maintain its backing for Kyiv as Zelensky's troops push Russian forces back on several fronts over seven months into the war.
Ukraine is urging the EU to speed up much needed economic support after Brussels on Monday signed a memorandum of understanding to provide five billion euros.
On the military front, the bloc is looking to launch a training mission for Ukrainian forces later this month.
It is also eyeing a possible fresh tranche of funding for arms for Ukraine that would take its overall spending on weaponry to three billion euros.
"Ukraine needs our support not tomorrow, Ukraine needs support today, right now," said Lithuanian President Gitanas Nauseda.
I.Meyer--BTB