EU looking at oil and gas windfall profit tax, as energy prices soar
World 10:35 13/10/2026LUXEMBOURG -- The European Union is examining a bloc-wide windfall profit tax on oil and gas companies, the EU's tax chief told Reuters on Monday, as governments scramble for funds to help citizens with soaring energy bills.
Euro heads for one-week high ahead of ECB policy decision
World 15:10 23/07/2026The euro rose towards a one-week high on Thursday ahead of a European Central Bank policy decision, with officials expected to keep interest rates unchanged but signal the possibility of a hike in September as rising energy prices threaten to stoke inflation.