Germany’s ruling coalition is evaluating a series of measures, including a potential windfall tax, to address the sharp rise in energy prices affecting households and businesses. The proposals come as policymakers respond to economic pressure linked to geopolitical tensions in the Middle East. A working group made up of conservative......
German Chancellor Friedrich Merz is scheduled to meet Syrian President Ahmad el-Chareh in Berlin on Monday to discuss the ongoing conflict in the Middle East, a spokesperson for the German government announced on Friday. “The Chancellor will welcome President Ahmad el-Chareh at the Chancellery on Monday for his inaugural visit,”......
BASF inaugurated Thursday its massive Verbund integrated chemical complex in Zhanjiang, Guangdong province, southern China the company's biggest single investment in 160 years at 8.7 billion euros across four square kilometers employing over 2,000. Launch timing shadows short-term profitability amid industry overcapacity and weak margins.......
Tesla shares rose 0.8% Wednesday to close at $385.95 after European registration data showed positive growth for the first time in over a year, only to shed those gains Thursday with a 1.4% drop to $380.66 as analysts cut 2026 delivery forecasts. ACEA data revealed February registrations up 11.8% year-over-year in the EU, UK and EFTA countries,......
Elon Musk intends to reserve up to 30% of SpaceX's upcoming initial public offering for individual investors, at least triple the typical 5-10% share in standard IPOs. Reuters reported Thursday that this approach breaks from convention, with SpaceX CFO Bret Johnsen pitching the oversized retail allocation to Wall Street alongside selective......
Australia and Germany committed Thursday to develop a shared space-based early-warning system. The pact targets growing orbital threats from Russia and China. The agreement marks a historic deepening of defense ties between these middle powers [thenewdaily.com.au]. Defense ministers Boris Pistorius of Germany and Richard Marles of Australia......
Researchers at Japan's Kyushu University have shown a way to generate more energy carriers from sunlight than photons absorbed. They achieved about 130% quantum yield, surpassing a longstanding physical limit in solar energy conversion. The findings, published March 25 in the Journal of the American Chemical Society, offer proof-of-concept......
Europeans rush toward used electric vehicles as Iran war-driven gasoline price spikes bite. Online car sales platforms report sharp demand increases continent-wide. Consumers seek cheaper, immediate EV alternatives amid fuel cost surges. The conflict began February 28 with US and Israeli strikes on Iran. These disrupted the Strait of Hormuz,......
Germany's lower house of parliament has approved initial measures aimed at controlling rising fuel prices following heightened tensions in the Middle East. The legislation permits petrol stations to raise prices only once per day at noon local time, while price reductions can occur at any time. Violations may result in fines up to €100,000......
At least 11 liquefied natural gas tankers originally bound for Europe have been redirected to Asia since early March, as buyers in the region outbid European importers for limited cargoes following the escalation of war in the Middle East. Data from MarineTraffic shows the rerouting trend as disruptions around the Strait of Hormuz removed......
German consumer goods giant Henkel has reached an agreement to acquire hair care brand Olaplex in a deal valued at approximately $1.4 billion, marking a significant move in the global beauty industry. The acquisition reflects Henkel’s strategy to strengthen its position in the premium hair care segment. Olaplex, known for its specialized......
The European Central Bank (ECB) may consider raising interest rates as early as April if inflationary pressures intensify, according to Joachim Nagel, head of the Deutsche Bundesbank. Speaking about the economic outlook, Nagel said that a rate increase at the next ECB meeting remains “an option,” particularly as rising energy......
European Central Bank President Christine Lagarde warned Wednesday that companies and workers could transmit rising energy costs stemming from the Iran conflict more rapidly than they did during the 2022 inflation surge, because the memory of that episode remains fresh. Speaking at the ECB and Its Watchers conference at Goethe University......
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