Morocco advances green ammonia to secure fertilizer production
Morocco holds three-quarters of global phosphate reserves and ranks as the top exporter of phosphate-based fertilizers. Yet its ammonia production, essential for combining with phosphate to make fertilizers, relies entirely on imported natural gas. Disruptions, including the Ukraine war, have spiked costs to $2 billion annually and cut output......
February 2026 ranks among hottest on record as storms hit western Europe
February 2026 was the fifth warmest February ever recorded worldwide, with global temperatures approaching the critical threshold set by the Paris climate agreement, according to the European Union’s Copernicus Climate Change Service. The global average surface air temperature last month reached 13.26 °C, about 0.53 °C above......
Defense stocks surge to record highs as US Iran war enters second week
Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin hit a new all-time high, while Northrop......
Germany secures Patriot interceptor missiles from allies for Ukraine
Germany has coordinated with European allies to supply about 35 PAC-3 interceptor missiles for Ukraine’s Patriot air defense systems, according to a report by Der Spiegel confirmed by the German Defense Ministry. Around 30 of the missiles will come from several European partner countries, while five additional interceptors will be provided......
Wall Street banks offer UAE staff temporary relocation amid Iran conflict
Several major Wall Street banks have offered employees in the United Arab Emirates the option of temporarily relocating as missile and drone attacks linked to the conflict involving Iran continue to affect the Gulf region. Goldman Sachs, Morgan Stanley and Citigroup have informed staff in the UAE that they may move to alternative locations......
SAS raises fares as Iran war drives oil above $100
Scandinavian airline SAS has introduced a temporary fare adjustment on its flights as surging jet fuel prices push airlines to pass rising energy costs onto passengers. The move comes as the war involving the United States and Israel against Iran drives crude oil prices above $100 per barrel for the first time in nearly four years. Reuters......
EU leaders clash over Iran war as divisions deepen across Europe
More than a week after the United States and Israel launched strikes against Iran, European leaders remain sharply divided on how to respond, exposing deep fractures within the European Union over the conflict. The disagreement erupted publicly in Brussels when European Commission President Ursula von der Leyen and Spanish Deputy Prime Minister......
Volkswagen expects margin recovery in 2026 after difficult year
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of 2.8 percent for 2025, slightly below the......
Ancient Egyptians used early white correction paint on papyrus manuscripts
Researchers at the Fitzwilliam Museum in Cambridge have discovered that artisans in ancient Egypt used a primitive form of white correction paint to fix mistakes on papyrus manuscripts, revealing a surprisingly familiar editing practice more than three thousand years old. The finding emerged as museum staff prepared one of the best preserved......
EA cuts jobs across Battlefield 6 studios after record launch
Electronic Arts has laid off an undisclosed number of employees across the four studios responsible for developing Battlefield 6, despite the game’s strong commercial performance and recent industry recognition. The layoffs, first reported by IGN, affect staff at DICE, Criterion Games, Ripple Effect Studios and Motive Studio. These......
Oil surge to $120 revives global push for renewable energy
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict has halted roughly one fifth of the......
Oil above $100 fuels surge in global agricultural prices
Agricultural markets rose sharply Monday as crude oil prices climbed above $100 per barrel, driven by the escalating conflict involving Iran and disruptions to energy supply routes. The surge in oil prices has triggered ripple effects across global food markets, increasing fertilizer costs and boosting demand for crop-based biofuels. Futures......
G7 weighs record oil reserve release as war drives crude above $100
Finance ministers from the Group of Seven held an emergency virtual meeting Monday to discuss a coordinated release of strategic oil reserves as global crude prices surged above $100 per barrel amid the escalating conflict involving Iran. The call, scheduled for 08:30 Eastern Time, included International Energy Agency executive director Fatih......
Von der Leyen remarks on Iran war spark backlash among EU diplomats
European Commission President Ursula von der Leyen has drawn sharp criticism from several European Union diplomats after remarks about Iran’s leadership during a speech in Brussels intensified internal tensions over the EU’s foreign policy authority. Speaking at the EU’s annual conference of ambassadors, von der Leyen said......
India adds 24 billionaires, reaching 308 in latest global rich list
India's billionaire population climbed to 308, an increase of 24 from the previous year. The Hurun Global Rich List 2026, released Saturday, places the country third worldwide behind the United States and China. This expansion reflects sustained wealth creation amid strong economic momentum and robust stock market gains. The report......