Bloomberg European Union leaders may hold off on endorsing intervention in the bloc’s wholesale energy market as member states are divided on the most effective emergency options to curb soaring power and gas prices, exacerbated by Russia’s invasion of Ukraine. Instead, at a summit in Brussels, the EU heads of government may agree on immediate actions to replenish depleted natural ...

Bloomberg Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices. The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. ...

In November 1939, soon after Hitler’s Germany invaded Poland, another massive European country likewise attacked a smaller neighbour: Russia invaded Finland. After vicious fighting through a long and bitter winter, the war ended with the Moscow Peace Treaty, in which Finnish concessions fell far short of what Stalin had hoped for in launching his invasion. Despite being heavily outgunned and ...