The Austrian government plans to introduce a new windfall tax on energy companies, Vice Chancellor Werner Kogler and Finance Minister Magnus Brunner announced at a press conference on Friday. The levy will amount to 40% of excess profit for oil and gas companies, according to the announcement.

Russian state-owned energy giant Rosatom has begun building a second reactor at the El-Dabaa Nuclear Power Plant (NPP) in Egypt, Rosatom’s press service told RIA Novosti on Saturday. The four-reactor El-Dabaa plant is situated some 300km northwest of Egypt’s capital, Cairo. The project was launched back in 2017, while construction began this past July. The…

Washington’s hegemony, which it calls the “rules-based international order,” is at stake, Lloyd Austin has declared US Secretary of Defense Lloyd Austin declared on Saturday that the outcome of the conflict in Ukraine will shape the geopolitical order of the 21st century. The West’s “stability and prosperity” is on the line, he stressed.