European Commission President Ursula von der Leyen proposed a "Net Zero Industry Act" to boost clean tech. At the World Economic Forum in Davos, she also vowed to support Ukraine "as long as it takes."

Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure.

A shortage of a smallpox vaccine, used to treat the current outbreak of monkeypox, prompted the move by the EU drugs regulator. The temporary injection method will allow five times more people to be treated.

Energy ministers from the EU are to discuss a plan to cut gas use across the bloc amid fears Russia could stop supplies. But some say the current watered-down proposal will not be enough to prepare for winter.

Ahead of the annual NATO Summit in Madrid this week, the alliance's chief announced plans to increase the number of its high-readiness forces and bolster its eastern flank.

The European Union plans to invest up to €300 billion to reduce its dependence on Russian fossil fuels, the European Commission announced.

At the start of a U.N. conference on desertification in Ivory Coast, President Alassane Ouattara has said the country wants to raise $1.5 bln to revive forests and land in the world's top cocoa producer.

This week has seen a new chancellor take the helm in Germany: Olaf Scholz is leading a never-tried-before coalition of his own Social Democrats, as well as the Greens and pro-business Liberals. They come to office promising to get a hold on Covid-19, keep the economy stable – and bring some liberal changes to the EU's biggest economy, including the legalisation of recreational cannabis.

US President Joe Biden is hoping to win support in Congress for a plan to boost spending on healthcare, education and infrastructure, paid for by tax hikes on corporations and the wealthiest Americans. But the plan's fate is far from certain. Also, IMF head Kristalina Georgieva rejects allegations that she altered a report at her previous job at the World Bank in order to appease China.

The health ministers of German states will push ahead with recommending jabs for teenagers despite their disagreement. One medical official has called it an "election campaign blunder."

The Chinese government has reacted furiously to WHO's proposal to audit the country's labs, branding it as "arrogance towards science."

Brussels has outlined its plan to reach a 55% reduction in carbon emissions by 2030 on 1990 levels. The overarching goal is to make the EU carbon neutral by 2050 as part of the European Green Deal.