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POLITICSEUROPE EU proposes energy market reforms to prevent price spikes 14 hours ago14 hours ago The goal of the change is to expand the use of long-term contracts to protect consumers from severe price hikes. The European Commission also aims to make the bloc's supply less dependent on fossil fuels. https://p.dw.com/p/4OdVd The European Commission on Tuesday proposed changes to EU electricity market rules. The goal...

BUSINESSGERMANY German court upholds Russian Rosneft subsidiary takeover 13 hours ago13 hours ago The court dismissed complaints from the Russian oil giant questioning the legality of the takeover. At the time, Rosneft accounted for some 12% of Germany's oil-refining capacity. https://p.dw.com/p/4Ofk2 A German court upheld a decision Tuesday to put two subsidiaries of Russian oil giant Rosneft under German authorities' control, dismissing complaints from...

BUSINESSJAPAN Stock markets slump amid fears of SVB contagion 19 hours ago19 hours ago The closure of Silicon Valley Bank, followed by Signature Bank, has undermined market confidence and raised recession risk fears. Stocks and equities in Asia dropped amid fears about exposure. https://p.dw.com/p/4Odd6 Asian markets took a deep dive on Tuesday, as the impact of the closure of two US banks over the...

BUSINESSUNITED STATES OF AMERICA What Silicon Valley Bank's collapse means for Europeans? Mathis Richtmann 13 hours ago13 hours ago After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes. https://p.dw.com/p/4OfRJ After frantic hours of trying to find a buyer for the defunct...

CRIMESPAIN Spanish police recover empty drug submarine off north coast 11 hours ago11 hours ago The vessel was found empty but is believed to have transported cocaine from Colombia to Europe. The province of Galicia where it was found is a hub for the international drug trade. https://p.dw.com/p/4Og59 Spain's Civil Guard on Tuesday refloated a submarine suspected of transporting cocaine from Colombia to Spain,...

SOCIETYSPAIN Spain's Princess Leonor to undergo 3 years military service 10 hours ago10 hours ago The heir to the throne will begin three years of military training later this year. Training will begin in the General Military Academy in the fall. https://p.dw.com/p/4OgBv Spain's Ministry of Defence on Tuesday announced that Princess Leonor would undergo three years of military training from September. "As in all parliamentary...

POLITICSHONDURAS Honduras to seek diplomatic relations with China 2 hours ago2 hours ago The announcement marks a diplomatic policy change and could see Honduras — one of Taiwan's few remaining allies — severing relations with Taipei. https://p.dw.com/p/4Oggf Honduras President Xiomara Castro said Tuesday her country will look to establish diplomatic relations with China. She said on Twitter that she had asked Foreign Minister Eduardo Reina...

CONFLICTSUKRAINE Ukraine updates: Kyiv adamant about defense of Bakhmut 3 hours ago3 hours ago Ukrainian President Voldoymyr Zelenskyy says military commanders want to inflict "maximum damage" on Russia. Meanwhile, reporters witnessed the use of white phosphorus in eastern Ukraine. Follow DW for the latest. https://p.dw.com/p/4OggO Ukraine's top military leaders are determined to face down the Russian onslaught in Bakhmut, President Voldoymyr Zelenskyy said. He discussed...

/ Americas Meta to cut 10,000 staff as CEO Zuckerberg cites ‘humbling’ 2022 Issued on: 14/03/2023 - 18:10 The logos of Meta and Facebook are seen in this illustration taken on November 2, 2021. The logos of Meta and Facebook are seen in this illustration taken on November 2, 2021. © Dado Ruvic, REUTERS Text by: NEWS WIRES 3 min Facebook owner Meta announced a fresh...

/ Asia / Pacific DEFENCE Are US military drills in Asia Pacific a veiled attempt to curb Chinese power? Issued on: 14/03/2023 - 23:09 US Air Force B-1B bombers, South Korea's Air Force F-35A fighter jets and US Air Force F-16 fighter jets take part in a joint air drill, South Korea, February 19, 2023. US Air Force B-1B bombers, South Korea's Air...

/ Europe HOUR BY HOUR 🔴 Live: US says forced to crash own drone into Black Sea after damage from Russian jet Issued on: 14/03/2023 - 10:22 A drone pilot with US Customs and Border Protection (CBP) performs a pre-flight check on an MQ-9 Reaper camera system before flying a mission over the US-Mexico border on November 4, 2022 at Fort Huachuca...

SOCIETYGERMANY Why Germany isn't attractive for foreign workers Ben Knight 03/09/2023March 9, 2023 Germany is trying to persuade more foreign skilled workers to stay in the country to help fill its job market. New studies suggest that Germany is becoming less attractive in international comparisons. https://p.dw.com/p/4OT2e Germany is becoming less attractive to top foreign talents, according to a new Bertelsmann/OECD study that will worry Olaf...

BUSINESSUNITED STATES OF AMERICA Facebook parent company Meta to cut further 10,000 jobs 3 hours ago3 hours ago The social media giant is making another round of mass layoffs as it seeks to reduce costs. The company has sunk billions into its metaverse venture. https://p.dw.com/p/4OfNh Facebook parent Meta is cutting another 10,000 jobs, CEO Mark Zuckerberg announced in an email to employees on Tuesday. Another...

CRIMEEUROPE Europol operation nets 16 suspects, 4.7 tons of meth seized 3 hours ago3 hours ago Sixteen individuals have been arrested in a joint operation targeting an organization responsible for producing and distributing 4.7 tons of methamphetamine in central Europe. https://p.dw.com/p/4OfYo Europol on Tuesday announced that a European policing operation has led to the arrests of 16 suspects and the seizure of 4.7 tons...