Foreign News
EU Commission seeks Cap on Excess Revenues of Electricity Companies
The European Commission wants to limit the revenues of electricity companies that profit disproportionately from rising energy costs, EU Commission President Ursula von der Leyen said on Wednesday.
Companies producing electricity from renewable energy sources are currently making “enormous revenues, revenues they never calculated with, revenues they never dreamt of and revenues they cannot reinvest,” von der Leyen said.
“It is now time for the consumers to benefit from the low costs of low carbon sources, like for example, the renewables,” she said.
”Skimming off the excess revenues should make resources available to EU countries to support the vulnerable households and vulnerable companies,” the commission president said.
Von der Leyen proposed a “solidarity contribution” for fossil fuel companies.
The price of electricity in the EU is determined by the most expensive energy source needed for its production, meaning the rising electricity prices are driven by power plants that burn expensive gas to generate electricity.
Other energy companies that produce electricity from cheaper sources, including renewable, nuclear and some fossil fuels, match the high prices of gas-powered providers generating large revenues.
Von der Leyen also proposed to reduce electricity consumption during periods of high demand and put a price cap on imports of Russian gas to tackle high electricity prices.
EU energy ministers are to meet on Friday in Prague to discuss the different proposals. (NAN)
Foreign News
Microsoft Boss Warns of Meddling Ahead of U.S. Presidential Election
Brad Smith, the president of technology giant Microsoft has issued a stark warning regarding foreign attempts to influence the U.S. presidential election in November.
“The most perilous moment will come, I think, 48 hours before the election,” Smith told a U.S. Senate hearing on Wednesday.
“That’s the lesson to be learned from, say, the Slovakian election last fall,” he added.
Smith said two days ahead of the parliamentary election vote in the European country “a Russian group” released and pushed, including by amplifying the story with a top Russian official, a deep fake audio purporting to reveal a vote-stealing plot.
“The Russian government is very capable, very sophisticated, not just in technology but in social science,” Smith said.
The Microsoft boss stressed that “there are real and serious threats,” including in the upcoming U.S. presidential election set to take place on Nov. 5.
The race for the White House may be between Republican candidate Donald Trump and the Democrats’ Kamala Harris, “but this is also becoming an election of Iran versus Trump and Russia versus Harris,” the Microsoft boss said.
“It is an election where Russia, Iran, and China are united with the common interest in discrediting democracy in the eyes of our voters,” Smith warned.
Just a few days ago, U.S. authorities exposed a Russian-sponsored campaign that deployed right-wing influencers.
Accounts masquerading as the websites of news outlets like conservative channel Fox News and newspaper The Washington Post posted fake stories.
On Wednesday, a Russian group published a video of Harris, manipulated with the help of artificial intelligence, in which words were put into her mouth that she never said, said Smith.
The administration in Washington has accused Russia of interfering in the U.S. presidential election campaign.
Similar accusations had been made in previous elections.
Smith testified alongside Meta’s Nick Clegg and Kent Walker, president and chief legal officer for Google’s Alphabet. (dpa/NAN)
Foreign News
Gaza: 6 UNRWA Staff Killed in Strikes on School
Six staff members with the UN agency that assists Palestine refugees (UNRWA) were killed in Gaza on Wednesday when two Israeli airstrikes hit a school-turned-shelter and its surroundings.“This is the highest death toll among our staff in a single incident,” UNRWA said in a post on the social media platform, X.
At least 34 people were killed in the strikes, according to media reports. UNRWA said the shelter manager and other team members were among the victims. UN Secretary-General António Guterres deplored the bloodshed.“What’s happening in Gaza is totally unacceptable,” he wrote on X.“These dramatic violations of international humanitarian law need to stop now.”The UNRWA school in Nuseirat, located in the Middle Area of the Gaza Strip, was sheltering around 12,000 displaced people, mainly women and children.This marked the fifth time that it had been hit since the conflict began 11 months ago.Earlier on Wednesday the UN said the site had been previously deconflicted with the Israeli forces.UNRWA called on all parties to the conflict to never use schools or the areas around them for military or fighting purposes.“No one is safe in Gaza. No one is spared. Schools and other civilian infrastructure must be protected at all times, they are not a target,” the tweet said.UNRWA Commissioner-General Philippe Lazzarini lamented the “endless and senseless killing, day after day” in Gaza.Writing on X, he said at least 220 agency staff have lost their lives since the war began.“Humanitarian staff, premises and operations have been blatantly and unabatedly disregarded since the beginning of the war,” he said.He warned that “the longer impunity prevails, the more international humanitarian law and the Geneva conventions will become irrelevant.”In a related development, the UN reported that health workers continue efforts to vaccinate young children in northern Gaza against polio, part of a wider campaign to defeat the disease, which can cause paralysis.More than 81,600 boys and girls were vaccinated as of Tuesday, according to preliminary data from the World Health Organisation (WHO).Polio was detected in Gaza in June and UN agencies and partners launched a two-round campaign this month to provide over 640,000 children with two doses of novel oral polio vaccine type 2.So far, nearly 528,000 children have been reached in the first round. (NAN)Foreign News
1 Dead, 10 Injured as Israel Strikes in Southern, Western Lebanon
An Israeli drone on Tuesday fired several missiles at a flat in a five-story building in the market town of Nabatieh in southern Lebanon.Eight people were injured, according to an initial toll announced by the Lebanese Health Ministry.It was not immediately clear whether there were any Hezbollah members were in the targeted building.
Earlier, an Israeli drone assassinated a Hezbollah fighter riding a motorbike on the Bab Mareaa-Saghbine road in Western Bekaa and wounded two passersby. Hezbollah said that one of its fighters, Mohammad Qassem al-Shaer, was killed but did not specify where and when he was killed.The Israeli army confirmed it “struck and eliminated” the terrorist Mohammad Qassem al-Shaer, who served as a Hezbollah Radwan Force commander, in the area of Qaraoun,It added that the Israeli artillery struck the areas of Sawaneh and Aita al-Shaab.Since the war began between Israel and the Palestinian militant organisation Hamas in Gaza last October, there have been clashes between the Israeli army and the pro-Iranian Hezbollah in Lebanon in the border area.There have been casualties on both sides, most of them members of Hezbollah, which says it is acting in solidarity with Hamas. (dpa/NAN)