When reports emerged that India and China are in talks about forming an oil buyers' club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying.
Chancellor Angela Merkel, who staked her legacy on welcoming hundreds of thousands of migrants into Germany, agreed on Monday to build border camps for asylum seekers and to tighten the border with Austria in a political deal to save her government.
The resolution to Germany's government crisis proved elusive on Sunday after the head of the Bavaria-only Christian Social Union in Angela Merkel's conservative bloc offered his resignation rather than back down from his stance against the chancellor's migration policies.
British lawmakers on Monday approved plans to expand Heathrow Airport near London after years of study and debate, but the construction of a third runway still faces significant hurdles.
European Commission president Jean-Claude Juncker has warned the UK there will be no Brexit deal without agreement on the Irish border. On a visit to Dublin, Mr Juncker said fellow EU member states would not let Ireland be “isolated” on the impasse, insisting the demand for a resolution was a Europe-wide demand.
The European Central Bank (ECB) has confirmed it will end a huge program to stimulate the Euro-zone economy in December. The ECB will stop its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.
Italy has dispatched two ships to help take 629 migrants stuck off its shores to Spain after the new populist government refused them safe port in a bid to force Europe to share the burden of unrelenting arrivals. The rescue ship Aquarius has been stuck since Saturday in international waters off the coast of Italy and Malta, both of which have refused it entry. The ship is carrying 629 migrants including 123 unaccompanied minors, 11 children and six pregnant women.
Spain will welcome a ship with 629 migrants aboard after Italy and Malta refused to let the vessel dock in their ports. The migrants were saved by the French charity SOS Mediterranee on Saturday and were stranded in the Mediterranean Sea when Matteo Salvini, the new Italian interior minister, reportedly refused to allow the vessel to dock at Italian ports.
A group of more than 600 migrants appear to have become the first subjects of the new Italian government's tough immigration stance without having even set foot on Italian soil. A charity rescue vessel carrying 629 people is currently stranded in the Mediterranean after Matteo Salvini, the new Italian interior minister, reportedly refused to allow it to dock at Italian ports.
The big five European leagues generated a record €14.7bn in revenue in 2016-17, a 9% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €25.5bn and the English Premier League was the market leader, with record revenue of £4.5bn, as each of the 20 clubs se their own annual revenue record.