Australia signals shift from fossil fuel exports toward clean energy at Bonn climate talks
Australia should prepare for a future in which fossil-fuel export markets shrink and instead expand its role as a supplier of clean energy products, climate minister Chris Bowen has said at a conference in Bonn, Germany. Bowen, who is president of the next UN climate negotiations, said the country could become a major renewable energy exporter as global demand changes. He framed the shift as both an economic adjustment and a response to the direction of international climate policy.Bowen said more than 80% of Australia's trading partners are committed to net zero, arguing that the world is moving away from... [Continue Reading]
360LiveNews | 13 Jun 2026 01:30 LONDON
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Europe closes mixed as oil slumps, autos and equities rally, gold retreats
Executive summary: European markets ended the session with a split picture, as the FTSE 100, Euro Stoxx 50 and CAC 40 advanced while the DAX slipped. The sharpest cross-asset move was in Brent crude, which fell more than 7%, a drop that helped support travel and broader risk sentiment. Autos also outperformed, while gold and platinum weakened and the euro and pound firmed against the dollar. [Continue Reading]
France and Germany terminate FCAS fighter jet project, dealing blow to European defence autonomy
France and Germany have ended their joint Future Combat Air System programme, a project intended to produce a sixth-generation fighter jet for Europe. French President Emmanuel Macron confirmed on Monday that the scheme is being terminated, according to the supplied material. The decision marks a significant setback for European defence cooperation and for efforts to reduce reliance on the United States for security.The move comes after years of disagreement over the project, which was designed as a landmark partnership involving France, Germany and Spain. The supplied material says the dispute centred on the role of France's Dassault Aviation, although the... [Continue Reading]
360LiveNews | 12 Jun 2026 13:00 LONDON
Europe Opens Mixed as Brent Slides, Palladium Surges and German Stocks Lead the Risk-Off Tone
Executive summary: European markets opened with a cautious tone, as the DAX fell sharply, the FTSE 100 slipped, and the Euro Stoxx 50 was little changed. The biggest moves came in commodities, where Brent crude dropped nearly 6% and palladium jumped more than 8%, while gold, silver and natural gas also weakened. FX was steadier, with sterling and the euro firmer against the dollar. The pattern points to a market still reacting to shifting geopolitical and policy expectations, with energy, metals and autos among the clearest pressure points. [Continue Reading]
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UK defence funding row deepens after second ministerial resignation
The UK government is facing a deepening row over defence funding after armed forces minister Al Carns resigned on Thursday evening. His departure followed the earlier resignation of former Defence Secretary John Healey, who quit over the same dispute with Prime Minister Sir Keir Starmer about the military funding plan. The resignations have intensified pressure on the government as it tries to finalise its defence investment plan.Carns said in his resignation letter that the government's defence investment plan was "neither transformative enough nor sufficiently funded". He had only hours earlier suggested he might wait until the plan was finalised before... [Continue Reading]
360LiveNews | 11 Jun 2026 23:29 LONDON
Europe closes lower as gold and silver slide, autos and German equities lead the retreat
Executive summary: European markets ended the session broadly lower, with the DAX posting the sharpest regional equity decline while the FTSE 100, CAC 40 and Euro Stoxx 50 also finished in the red. The biggest moves came in commodities, where gold and silver fell sharply, while palladium bucked the trend and rose. FX was softer for the euro and pound against the dollar, and Brent crude eased modestly. The pattern points to a risk-off tone, but the data also show a notable unwind in precious metals rather than a uniform selloff across all assets. [Continue Reading]
IAEA board passes US-backed resolution demanding Iran account for enriched uranium stocks
The governing board of the International Atomic Energy Agency has passed a US-backed resolution calling on Iran to provide complete information on its enriched uranium stocks and allow inspectors access to verify them. The vote took place on Wednesday at a closed-door meeting of the 35-member board in Vienna. Iran condemned the move as politically motivated and warned it could complicate ceasefire talks with the United States.Diplomats told news agencies the resolution passed with 21 votes in favour. Russia, China and Niger voted against it, while 10 countries abstained. The draft was submitted by the United States, the United Kingdom,... [Continue Reading]
360LiveNews | 11 Jun 2026 09:03 LONDON
Poland considers revoking Zelensky honour after Ukraine names unit after wartime group
Ukraine is facing a fresh diplomatic dispute with Poland after Kyiv named a military unit after the Ukrainian Insurgent Army, a wartime group that remains deeply controversial in Poland. The move has prompted Polish President Karol Nawrocki to consider revoking Volodymyr Zelensky's Order of the White Eagle, Poland's highest state honour. The row has widened into a public argument over history, memory and wartime responsibility, with criticism coming from across the Polish political spectrum.The dispute began when Zelensky issued a decree late last month naming a military unit of the Special Operations Forces after the UPA, which existed in the... [Continue Reading]
360LiveNews | 10 Jun 2026 11:33 LONDON
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Ukraine and Latvia sign drone cooperation deal in Tallinn
Ukraine and Latvia have signed a drone cooperation agreement on the sidelines of a summit in Tallinn, in a fresh sign of expanding defence ties between Kyiv and European partners. The deal was announced after talks between Ukrainian President Volodymyr Zelenskyy and Latvian Prime Minister Andris Kulbergs during a meeting of Ukraine and the Nordic-Baltic states in the Estonian capital. Zelenskyy said the agreement would strengthen joint defence and co-production, while Latvian officials said it would bring Ukrainian expertise into Latvia.The signing took place on Tuesday, shortly after Zelenskyy returned from London, where he held talks with the leaders of... [Continue Reading]
360LiveNews | 10 Jun 2026 10:00 LONDON
Zelensky meets King Charles after UK, France and Germany back Ukraine peace call
Ukrainian President Volodymyr Zelensky has met King Charles III at Windsor Castle after talks in London with European allies. The meeting came a day after Ukraine, the UK, France and Germany issued a joint statement calling for a "just and lasting" deal to end the war with Russia. Zelensky later thanked the UK for what he described as its "ironclad" support.The talks in London on Sunday brought together Sir Keir Starmer, Emmanuel Macron and Friedrich Merz alongside Zelensky. In their statement, the leaders said they would "stand firmly with Ukraine" and urged Russia to agree to an "immediate and complete... [Continue Reading]
360LiveNews | 09 Jun 2026 00:06 LONDON
Zelensky says he had positive talks with US envoys on Ukraine war
Ukrainian President Volodymyr Zelensky has said he held a positive conversation with US envoys Steve Witkoff and Jared Kushner as diplomatic efforts continue over the war with Russia. He made the remarks while travelling through Chisinau, the Moldovan capital, after talks in London with the leaders of Britain, France and Germany. The latest exchanges come as European leaders have backed a proposed meeting between Zelensky and Russian President Vladimir Putin in an effort to secure a ceasefire.Zelensky said on Telegram that the discussion with the US envoys was "very positive" and that they were ready to work on a settlement... [Continue Reading]
360LiveNews | 08 Jun 2026 23:31 LONDON
France and Germany terminate FCAS fighter jet project after leadership dispute
France and Germany have terminated their joint Future Combat Air System programme after failing to resolve a dispute over leadership and control. The decision is a major setback for one of Europe's most ambitious defence-industrial projects and comes as European governments face renewed pressure to strengthen their own military capabilities. The French presidential office confirmed on Monday that the project was being terminated, ending a plan that had been intended to deliver a sixth-generation fighter jet and related systems.The FCAS project was launched in 2017 and later brought in Spain, with the aim of replacing France's Rafale jets and the... [Continue Reading]
360LiveNews | 08 Jun 2026 22:31 LONDON
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IAEA and Western powers press Iran to resume nuclear cooperation
The head of the UN nuclear watchdog has called on Iran to re-engage with inspections of its nuclear sites, as the United States and European powers push for more information on the country's enriched uranium. The appeal came during a quarterly meeting of the agency's Board of Governors on Monday. It follows renewed concern over the state of Iran's nuclear infrastructure after last year's strikes on its facilities.Rafael Grossi said it was "very important" that Tehran re-engage so the International Atomic Energy Agency can continue oversight of the programme. In a written statement, he urged Iran to work constructively to... [Continue Reading]
360LiveNews | 08 Jun 2026 20:00 LONDON
Zelenskyy meets Starmer, Macron and Merz in London after Chornobyl drone strike
Ukrainian President Volodymyr Zelenskyy met UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz in Downing Street on Sunday night, hours after a Russian drone strike damaged a storage centre for spent nuclear fuel near the Chornobyl nuclear power plant. The meeting brought together the leaders of the UK, France and Germany, often referred to as the E3, as they discussed continued support for Ukraine. It also came after a week of heightened hostilities and renewed pressure on diplomatic efforts around the war.The strike near Chornobyl was reported to have hit a storage centre for... [Continue Reading]
360LiveNews | 07 Jun 2026 20:32 LONDON
Zelensky honours UPA-linked unit as Poland-Ukraine tensions rise
Ukrainian President Volodymyr Zelensky has signed a decree giving an elite special forces unit the honorary title "Heroes of the Ukrainian Insurgent Army", a move that has sharpened tensions with Poland. The decision has drawn attention because the UPA is associated in Poland with wartime massacres of ethnic Poles and Jews. It comes alongside a separate state ceremony in which the repatriated remains of Andriy Melnyk were reburied with full military honours near Kyiv.According to the decree, signed on 26 May, the title was bestowed on a unit within Ukraine's special forces. The UPA was the armed wing of the... [Continue Reading]
360LiveNews | 07 Jun 2026 07:32 LONDON
