Economy
A severe jet fuel shortage triggered by the closure of the Strait of Hormuz has sent shockwaves through global aviation, forcing airlines to slash schedules, raise fares, and in at least one case cease operations entirely. The crisis traces directly to military strikes launched by the United States and......
Shares of major German car manufacturers dropped following the announcement by Donald Trump of a new increase in import tariffs on foreign vehicles. The measure raises duties from 15% to 25%, putting renewed pressure on an already fragile sector. Companies such as Dr. Ing. h.c. F. Porsche AG, Bayerische......
A surge in oil prices triggered by the conflict involving Iran is driving an unprecedented acceleration in the global transition to renewable energy, according to the United Nations’ top climate official. The sharp rise in fossil fuel costs is reshaping energy strategies worldwide, as governments......
Prices across Europe moved higher in April as Germany and Spain reported fresh increases in inflation ahead of a key monetary policy meeting by the European Central Bank. The latest figures point to persistent price pressures linked to energy markets and geopolitical tensions, particularly the war in......
Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating......
China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply......
German consumer confidence is expected to decline further in May, reaching its lowest level in three years, as rising energy costs continue to weigh heavily on household finances. According to a recent survey conducted by market research institutions, the consumer sentiment index dropped significantly......
The eurozone economy slipped into contraction in April as escalating tensions involving Iran disrupted energy flows and weakened demand across the bloc. The closure of the Strait of Hormuz pushed oil prices higher, eroded consumer confidence, and drove business sentiment to its lowest level in nearly......
The chief executive of Deutsche Boerse has cautioned that the expansion of around the clock stock trading could weaken market structure by dispersing liquidity. Stephan Leithner said continuous trading risks undermining the concentrated activity that large institutional investors rely on to execute transactions......
A global energy shock triggered by the conflict between Iran and the United States has pushed demand for electric vehicles and solar power to record levels. The near closure of the Strait of Hormuz disrupted oil flows and drove sharp price increases, prompting households and businesses to shift away......
German Chancellor Friedrich Merz and Brazilian President Luiz Inácio Lula da Silva emphasized the importance of strengthening ties between Europe and Brazil during a high-level meeting held at a major international industrial fair in Hanover. The two leaders highlighted the growing strategic......
The closure of the Strait of Hormuz, triggered by the war involving the United States, Iran, and Israel, was expected to drive a surge in coal use. Instead, new data shows global fossil fuel electricity generation declined in March as renewable energy absorbed the shock. Analysis from the Centre for......
Germany’s solar power output is set to rise sharply this summer, reducing reliance on natural gas as energy markets face disruption from the war in Iran. Data from BloombergNEF shows solar generation in Europe’s largest electricity market will average about 16.5 gigawatts between April and......
