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Austrian energy companies slammed with massive windfall tax

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.

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Russia and Egypt start new nuclear reactor construction

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…

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Banksy reacts to 'Ukrainian vandals' selling his artwork

The mysterious artist has expressed outrage after parts of his famous street mural were being marketed without permission Legendary UK graffiti artist Banksy has rebuked Ukrainians for selling pieces of at least one of the seven murals that he created near Kiev. He revealed the new paintings earlier this week.

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