European Union

Oil

Russia rejects $60-a-barrel cap on its oil, warns of cutoffs – Associated Press

Photo: People charge their phones at a heating tent, a “Point of Invincibility,” a government-built help station that serves food, drinks and warmth, in Kherson, Ukraine Russian authorities rejected a price cap on the country’s oil set by Ukraine’s Western supporters and threatened Saturday to stop supplying the nations that endorsed it. Australia, Britain, Canada,

Oil

G-7 joins EU on $60-per-barrel price cap on Russian oil – Associated Press

The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. Europe needed to set

David Harsanyi

Opinion: Elon Musk Should Tell EU Censors to Bugger Off – David Harsanyi

If Elon Musk truly believes that Twitter is a front in the “battle for the future of civilization,” he has a chance to prove it. The Biden administration has already threatened to investigate Musk on multiple occasions, which isn’t surprising considering its unprecedented antagonizing toward free expression. Democrats like Sen. Elizabeth Warren have promised to

Hungary

Hungary faces reckoning with EU that could cost it billions – Associated Press

Photo: 19th century Tura castle, owned by the son-in-law of the Hungarian prime minister Viktor Orban is seen in Tura, Hungary After his headline performance at Hungary’s Sziget Festival last month, pop star Justin Bieber held a grandiose party for his staff in a luxurious countryside setting — a 19th century castle owned by the

Climate change

California Phasing out gas vehicles in climate change fight – Associated Press

California set itself on a path Thursday to end the era of gas-powered cars, with air regulators adopting the world’s most stringent rules for transitioning to zero-emission vehicles. The move by the California Air Resources Board to have all new cars, pickup trucks and SUVs be electric or hydrogen by 2035 is likely to reshape