A failing Australian metals plant will be transformed into a hub for making "green iron and steel", Prime Minister Anthony Albanese said Thursday as the government stepped in with a billion-dollar rescue package.

The regions of Central Asia and the Caucasus are on the brink of significant transformations in the energy sector. Representatives from Azerbaijan, Kazakhstan, and Uzbekistan have signed a foundational agreement as part of a groundbreaking project to establish a "Green Energy Corridor" to Europe.