The treasurer has warned the economic crisis stemming from the Iran war could match those caused by the GFC and the pandemic, but says fuel rationing isn't under active consideration.
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The treasurer has warned the economic crisis stemming from the Iran war could match those caused by the GFC and the pandemic, but says fuel rationing isn't under active consideration.
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The government says it is "too soon" to be talking about fuel rationing as the war in the Middle East disrupts supply. Follow live.
Until further notice, motorists in Slovenia will be restricted to a maximum purchase of 50 litres of fuel per day.
Diesel prices have surged about 40% to $5.29 per gallon, the highest level since 2022, as the Iran war has disrupted oil supplies.
Germany envisages 100 low-earth-orbit satellites exclusively for military communications.
The government in Berlin is under pressure to get major reforms underway. But Merz's coalition partner, the SPD, stands severely weakened following two defeats in state elections, and now finds it hard to compromise.
The Europe Commission president declares that Europe and Australia must rearm and decarbonise as they try to break economic and energy dependencies on China and Russia.