An EU-backed cap on the price of natural gas used by power plants in Spain and Portugal came into effect Tuesday to ease the spiraling electricity prices in the two nations.

Air travel chaos in Britain is purely down to Brexit "shambles" by hobbling recruitment at airports, Ryanair boss Michael O'Leary said on Tuesday.

Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy the social media platform, the company said Tuesday.

Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday, saying they'd be able to submit questions in advance, according to The Wall Street Journal.

South Korea's prime minister warned Tuesday that the disruption of cargo transport could cause "irrecoverable" damages on the country's economy, as a nationwide truckers' strike entered its eighth day.

About 6,800 truckers were rallying Monday at various sites across South Korea, continuing to trigger a delay in the shipment and delivery of key items like steels, cement, petrochemicals and tires, the Transport Ministry said in a statement.

The Lebanese pound hit a new low against the U.S. dollar on the black market Tuesday, crashing below 30,000 to the greenback.

The exchange rate, which is unofficial but applies to most transactions, had dropped from a record high of LBP 38,000 to LBP 27,300, last month, after Central Bank Governor Riad Salameh issued a statement saying banks would resume exchange operations at the Sayrafa platform rate to “all the holders of Lebanese pounds, be them citizens or institutions, who want to exchange them for U.S. dollars.”

The German government is setting in motion plans to legalize the sale of cannabis for recreational purposes, aiming to have legislation ready later this year.

The Health Ministry said Monday that it will start holding expert hearings on various aspects of the issue Tuesday. It said that more than 200 representatives from the medical, legal and other fields will take part, along with officials from various levels of government and unidentified international experts.

Britain's government is expected to introduce legislation Monday that would unilaterally change post-Brexit trade rules for Northern Ireland amid opposition from lawmakers who believe the move violates international law.

The proposed bill aims to scrap parts of a trade treaty that Prime Minister Boris Johnson signed with the European Union by removing checks on goods entering Northern Ireland from the rest of the U.K.

Iran's currency has dropped to its lowest value ever as talks to revive the country's tattered nuclear deal with world powers remained deadlocked.

Traders in Tehran exchanged the rial at 332,000 to the U.S. dollar, up from 327,500 on Saturday. That marked more than a 4.4% change compared to June 1 when it traded at 318,000 to the dollar.

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine.

Such sales are boosting Russian export revenues at a time when Washington and allies are trying to limit financial flows supporting Moscow's war effort.

European Commission chief Ursula von der Leyen and Italian Prime Minister Mario Draghi were headed to Israel Monday as the EU seeks to wean itself off Russian fossil fuel imports. 

Von der Leyen and Draghi are due to hold energy talks in Israel, which has turned from a natural gas importer into an exporter in recent years because of major offshore finds.