Chancellor Angela Merkel’s cabinet backed changes to Germany’s clean-energy law to try to slow gains in power prices already the second-highest in the European Union and reduce dependence on fossil fuels.
Hungarians are voting in a general election, with Prime Minister Viktor Orban set to extend his rule after four years of rule during which his power centralization triggered clashes with the European Union.
Hungarians head to the polls today in a general election, with Prime Minister Viktor Orban leading opinion polls after four years of rule during which his power centralization triggered clashes with the European Union.
New Zealand opened areas totaling more than one and a half times its land size for oil and gas exploration, saying the potential for petroleum production in the South Pacific nation has barely been tapped.
Sweden’s Green Party is ready to back the Social Democrats in forming a government in September, as the group will demand influence over climate and job issues, according to party leader Gustav Fridolin.
America Movil SAB, the phone giant controlled by billionaire Carlos Slim, tumbled on concerns that profits would suffer in its home market under a proposal sent to Mexico’s Congress by President Enrique Pena Nieto.