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Spanish lawmakers vote down affordable housing bills in blow to Sanchez’s government

Demonstrators protesting against Spain's housing crisis reacted with fury on Friday after the country's parliament rejected two bills put forward by the government that centre-left Prime Minister Pedro Sanchez hoped would address their concerns. Rents have doubled over the past decade, with average prices now almost equivalent to the average young person's monthly salary.

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G7 members will release 100 million barrels of diesel after US threatens export ban

Members of the Group of Seven bloc of highly industrialised economies on Friday agreed to release 100 million barrels of diesel and crude oil from their reserves over four months, averting a potential US ban on diesel exports. The European Union had earlier pushed back against Washington's threat, with an EU official saying the 27-member bloc “fully” rejected the move.

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US presses Europe to release diesel reserves 'immediately' as Trump threatens export ban

The United States on Thursday urged European allies to release strategic diesel reserves immediately to curb prices driven higher by the US war on Iran. EU states will discuss a coordinated response on Friday, as Washington increases pressure following US President Donald Trump's suggestion that he could ban US diesel exports.

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