Middle East war escalates as Iran, Israel and US exchange strikes

The conflict involving Iran, Israel and the United States intensified on its fourth day, with Tehran launching attacks on US-linked sites in the Gulf while Israel continued simultaneous airstrikes in Iran and Lebanon. Iran’s Revolutionary Guards warned that “the gates of hell” would open further against the United States......

European gas prices surge nearly 50 percent after QatarEnergy halts LNG production

European gas prices jumped sharply on Monday, rising by nearly 50 percent after Qatar’s state-owned energy company announced a halt to its liquefied natural gas production following reported drone attacks. The surge adds to earlier gains recorded during the morning session, as markets were already reacting to escalating tensions in......

Hundreds of flights to the Middle East canceled worldwide amid rising tensions

Airlines across the globe have canceled hundreds of flights to and from the Middle East following recent military escalations involving Iran, the United States, and Israel. The widespread disruption comes as several countries in the region temporarily closed their airspace, forcing carriers to suspend or reroute operations. According to aviation......

Global leaders voice concern after US and Israeli strikes on Iran

World leaders have reacted strongly following strikes carried out by the United States and Israel against Iran, actions that triggered retaliatory measures from Tehran across the Middle East. The developments have intensified diplomatic debate among allies and adversaries alike. The presidents of the European Council and the European Commission,......

Firms expand currency hedging as global volatility rises

Nearly nine in ten medium-sized companies across North America and Europe are now protecting themselves against foreign exchange swings, as prolonged market turbulence and policy uncertainty drive a structural shift in corporate treasury strategies. The 2026 MillTech Global FX Report found that 88 percent of surveyed firms hedge currency exposure,......

Europe invests €45 billion in wind power as policy uncertainty clouds growth

Europe channelled €45 billion into wind energy projects in 2025, installing 19.1 gigawatts of new capacity despite industry warnings that planned EU policy reforms could weaken investor confidence. According to WindEurope’s annual report, total installed capacity reached 304 gigawatts, up from about 285 gigawatts the year before.......

Seb plans global job cuts to restore profitability amid rising competition

French household appliance manufacturer Groupe SEB has announced a global cost-saving plan that could lead to the elimination of up to 2,100 jobs worldwide, including around 500 positions in France, as part of a broader strategy to restore profitability and adapt to intensifying international competition. The restructuring plan,......

Europe’s extreme heat surges tenfold as new metrics expose climate risk

Extreme heat events across Europe have intensified by about a factor of ten in recent decades, as a new study from the University of Graz links this surge directly to human‑driven climate change. Using a novel computation method applied to more than six decades of temperature records, the research shows that heatwaves are not only more frequent......

ECB’s Panetta highlights role of Chinese imports in euro zone inflation slowdown

Fabio Panetta, member of the European Central Bank Governing Council, has pointed to competition from inexpensive Chinese imports as a factor behind the sharper-than-expected slowdown in euro zone inflation earlier this year. Speaking at the Assiom-Forex financial conference in Venice, Italy, Panetta noted that both upside and downside risks......

Five European powers push for a more European Nato

France, Germany, Italy, Poland and the United Kingdom have reaffirmed their determination to shoulder greater responsibility for Europe’s security, calling for what they described as a “more European” NATO. Meeting in Krakow, senior defense officials from the five countries — often referred to as the “E5”......

CIA allegedly aware early of Nord Stream sabotage plans, German media reports

US intelligence reportedly had early knowledge of Ukrainian plans to sabotage the Nord Stream natural gas pipelines, German media outlet Der Spiegel reported on Thursday. According to the report, CIA officers met with Ukrainian operatives in spring 2022 to discuss potential operations targeting the pipelines running beneath the Baltic Sea......

Tanger Med surpasses Algeciras and Valencia combined, narrows gap with Rotterdam and Antwerp

The Tanger Med port complex has consolidated its position as the leading maritime hub in the western Mediterranean, overtaking major Spanish ports and steadily closing the gap with Europe’s largest container gateways. Located in northern Morocco, Tanger Med has recorded sustained growth in international shipping, handling more than......

Morocco named Africa’s most beautiful country in 2025 by the Readers’ Choice Awards

Morocco has reaffirmed its international appeal by being named the most beautiful country in Africa in 2025, according to the Readers’ Choice Awards published by Condé Nast Traveler. Based on votes from travelers worldwide, this ranking annually highlights the most appreciated destinations for their cultural richness, natural......

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