Latest news

Transportation
Jul 28, 2025

Portugal invests $466 Million to improve grid management and battery storage following outage

After a major blackout in Spain and Portugal, the Portuguese government is planning to invest 400 million euros (466 million dollars) to improve grid control and increase...

Transport Infrastructure
Jul 28, 2025

Italy is expected to complete the Sicily Bridge project by next week

Sources said that the Italian government will likely give its approval for the construction of a multi-billion euro bridge connecting Sicily to the mainland in the next...

Transportation
Jul 28, 2025

Russian Urals prices hold firm in Indian ports against Brent benchmark

Three sources reported that the prices for Russia's flagship Urals oil, which is scheduled to be delivered to Indian ports by the end of August/early Septembre, have...

LNG Transportation
Jul 28, 2025

US LNG producers soar after EU agrees $750 billion energy purchase

Energy companies in the United States saw gains in premarket trading after European Union committed $750 billion in strategic purchases in a trade agreement. The framework deal...

Transportation
Jul 28, 2025

The US will resume its grants to Nepal to fund two major infrastructure projects

Authorities announced on Monday that the United States has resumed funding two major infrastructure projects previously suspended after President Donald Trump suspended foreign development assistance. The U.S....

Transportation
Jul 28, 2025

Austrian OMV detects chloride contamination in Azeri oil

OMVs detect contamination before refinery arrival Eni, a company in Italy, also discovered contamination in its oil system Last week, news of contamination led to a four-year...

Europe
Jul 28, 2025

Budapest mayfly swarms are a result of the low Danube water levels

Due to a hot and unusually dry summer and low water levels, mayflies are more numerous and swarming along the Danube river banks in Budapest this year....

LNG Transportation
Jul 28, 2025

US LNG producers soar after EU agrees to annual purchases of $250 billion

The shares of U.S. developers of liquefied gas surged on Monday in premarket trading after the European Union committed to buy $750 billion of the super-cooled fuel...

Passenger Transportation Services
Jul 28, 2025

Singapore Airlines' first quarter profit drops as Air India losses weigh

Singapore Airlines reported a 58.8% drop in its first-quarter net profits on Monday. Losses in associated companies including Air India and lower cash reserves were the main...

Transport Infrastructure
Jul 28, 2025

Sources say that Malaysia's MMC port is lining up investors for its October IPO.

MMC Port Holdings is looking to finalise the cornerstone investor list as soon as August. This will be in advance of an October listing on Bursa that...

Natural Gas Pipeline
Jul 28, 2025

Ukraine signs Transbalkan Gas Deal with Azerbaijan SOCAR

Naftogaz, the state-owned Ukrainian oil and gas company, has signed a first agreement with Azerbaijan’s SOCAR for importing a small amount of natural gas from Azerbaijan via...

Transport Infrastructure
Jul 28, 2025

Sources say that India's third biggest airport operator is looking to close a bond in October for more than $500 mln,

Three sources said on Monday that India's Bangalore International Airport Ltd. (BIAL) intends to raise more than 46.3 billion rupees (535 million dollars) through a second tranche...

Transport Infrastructure
Jul 28, 2025

CK Hutchison, global conglomerate caught up in US-China spat

CK Hutchison announced on Monday that it is in discussions with a consortium pursuing a $22.8 billion port business, to add a Chinese “major strategic investor” to...

LNG Transportation
Jul 28, 2025

Petronet, India's largest gas importer, seeks 120 billion rupees loan

Saurav Mitra said on Monday that India's largest gas importer, Petronet LNG is seeking a local currency loan of 120 billion rupees (about $1.4billion) to finance the...

Passenger Transportation Services
Jul 28, 2025

New York Times Business News - July 28,

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of...

Ground Freight
Jul 28, 2025

Handelsblatt reports that DB Cargo may have to reduce its staff by half as part of a reduction in operations.

Handelsblatt, citing sources from the company and supervisory boards, reported that DB Cargo, a freight subsidiary of Deutsche Bahn, could reduce its workforce by 50% as part...

Logistics
Jul 28, 2025

Sources: Several US executives will visit China this coming week

Two sources familiar with the trip said on Monday that a high-level delegation from the United States will be visiting China to meet senior Chinese officials. The...

Passenger Transportation Services
Jul 28, 2025

Aeroflot Russia reports failures in its information systems

Aeroflot, the national airline of Russia, announced on Monday that an information system failure may have caused temporary service disruptions. Aeroflot posted a message on Telegram saying...

Passenger Transportation Services
Jul 27, 2025

Final minutes of Jeju Air flight prior to South Korea's worst air disaster

South Korea is investigating a crash that occurred on December 29, at Muan Airport, resulting in the death of 179 people. This was the worst air disaster...

Passenger Transportation Services
Jul 27, 2025

Investigation update: Jeju Air jet had a functioning engine at the time of its crash.

According to a new update by South Korean investigators, a Jeju Air aircraft that crashed during an emergency landing in December after a bird struck could have...

Freight Logistics
Jul 27, 2025

Yemen's Houthis have threatened to target ships that are linked to Israeli ports

Yemen's Houthis announced on Sunday that they will target all ships of companies doing business in Israeli ports, irrespective of nationality, as part what they call the...

Integrated Logistics
Jul 27, 2025

Police: Three people dead in German train crash

In a police statement, they said that three people died and other were seriously injured in the Sunday derailment of a passenger train in southwest Germany. Police...

West Africa
Jul 27, 2025

Thirteen dead, dozens missing in Nigeria boat accident

Authorities said that 13 people have been confirmed dead and dozens missing after a boat carrying around 100 passengers capsized in Niger State, north-central Nigeria on Saturday...

Passenger Transportation Services
Jul 27, 2025

Bangladesh orders 25 Boeing aircraft as part of a push to reduce US tariffs

A senior official revealed on Sunday that Bangladesh had ordered 25 Boeing aircraft and increased imports of important American goods to ease trade tensions. The goal was...

Transportation
Jul 27, 2025

S.African Transnet receives new government guarantees worth more than $5 billion

The transport ministry announced on Sunday that the South African government will provide Transnet with an additional 94.8 billion Rand ($5.34 billion), as a guarantee facility, to...

Logistics
Jul 27, 2025

US business delegation visiting China, SCMP reports

The South China Morning Post reported Sunday that a high-level delegation of the U.S. China Business Council would visit China this coming week. They are expected to...

Passenger Transportation Services
Jul 27, 2025

Last minutes of Jeju Air flight prior to South Korea's worst air disaster

South Korea is investigating a crash that occurred on December 29, at Muan Airport, resulting in the death of 179 people. This was the worst air disaster...

Passenger Transportation Services
Jul 27, 2025

Investigation update: Jeju Air jet had a functioning engine at the time of its crash.

According to a new update by South Korean investigators, a Jeju Air aircraft that crashed during an emergency landing in December after a bird struck could have...

Passenger Transportation Services
Jul 27, 2025

First passenger flight between Moscow and Pyongyang in many decades

Russian authorities announced that on Sunday, Russia would launch direct passenger flights between Moscow and Pyongyang, the capital of North Korea. The two former allies are working...

Passenger Transportation Services
Jul 26, 2025

Russia claims that Volgograd's railway power supply was disrupted following the drone attack by Ukraine.

The Volgograd administration said that falling debris from destroyed Ukrainian drones has disrupted rail power supply in a part of the Volgograd Region. The administration, citing Governor...

Transport Infrastructure
Jul 26, 2025

Union Pacific closes deal to buy Norfolk Southern, Bloomberg reports

Bloomberg News, Friday's report, citing sources familiar with the situation, reported that Union Pacific, America's largest railroad operator, may reach an agreement early next week to buy...

Passenger Transportation Services
Jul 25, 2025

Two Southwest flight attendants are injured after a jet moves to avoid another aircraft

Southwest Airlines said that two flight attendants were injured on a flight leaving Burbank, California on Friday. They are being treated after the pilots took evasive actions...

Transport Infrastructure
Jul 25, 2025

Greek port workers are jailed while they await trial for drug smuggling

Legal sources reported that six workers in Greece's biggest port Piraeus were arrested on Friday for allegedly being part of a gang involved in the smuggling of...

Transport Infrastructure
Jul 25, 2025

Oil loadings in western Russian ports to fall in August

The differentials between Brent and Urals crude were not much different on Friday. However, the falling oil loads from Russia's western port in August helped to support...

Passenger Transportation Services
Jul 25, 2025

US closes investigation into Waymo collisions and unexpected behavior

The National Highway Traffic Safety Administration announced on Friday that it had closed a 14 month investigation into a number of minor accidents and unexpected behaviors from...

Transportation
Jul 25, 2025

The extent of illegal gold mining in Amazonia is revealed by smuggled mercury

The massive seizure of mercury by Peru shows the widespread use of toxic metal Mercury used in gold mines destroys Amazon rainforest Gold prices soar in Amazon,...

Passenger Transportation Services
Jul 25, 2025

Report: Tesla will roll out Bay Area roboticaxis with safety driver

Business Insider reported Friday that Tesla was preparing to launch its robotaxi service with a safety-driver in San Francisco and Bay Area as early as this weekend....

Transportation
Jul 25, 2025

Sources say that Russia's daily oil exports to its western ports will drop by 8% in August.

Calculations based on two sources indicate that Russia's daily oil output from its western ports is expected to drop from the 1.93 million barrels per days (bpd),...

Europe
Jul 25, 2025

Meta will stop political advertising in the EU by October, blaming EU rules

Meta Platforms, the U.S.-based social media company, announced on Friday that it will stop political, election, and social issue ads on its platform within the EU by...

Passenger Ground & Sea Transportation
Jul 25, 2025

Cleo Laine died at the age of 97. She was a British jazz singer and performed with Frank Sinatra and Ray Charles.

William Schomberg LONDON, JULY 25, 2025: British jazz singer Cleo laine, who sang with Frank Sinatra, and was an actor on Broadway and in London's West End,...

Transportation
Jul 25, 2025

Ukraine claims Starlink's global outage has affected its military communications

A senior commander reported that Starlink systems, used by Ukrainian military forces, were offline for 2 and a half hour overnight. This was part of an issue...

South America
Jul 24, 2025

Finance Minister: Brazil will present Lula with a credit-based response if the US tariffs increase.

Fernando Haddad, Brazilian Finance Minister, said that a contingency response plan to the higher U.S. Tariffs would be presented to Luiz Inacio Lula Da Silva on Monday....

Passenger Transportation Services
Jul 24, 2025

Alphabet lifts the S&P 500, Nasdaq and Nasdaq to record closings

S&P 500, Nasdaq and Dow Jones closed at record highs on Thursday. Alphabet's strong results fueled optimism for other artificial intelligence heavyweights. Tesla fell after disappointing results....

Passenger Transportation Services
Jul 24, 2025

Alphabet lifts the S&P 500, Nasdaq and Nasdaq to record closings

S&P 500, Nasdaq and Dow Jones closed at record highs on Thursday. Alphabet's strong results fueled optimism for other artificial intelligence heavyweights. Tesla fell after disappointing results....

Passenger Transportation Services
Jul 24, 2025

Alphabet has smashed records on the Nasdaq and S&P 500

S&P 500, Nasdaq and other AI heavyweights rose to new highs Thursday after Alphabet's strong results fueled investor optimism. Tesla fell as investors were disappointed by its...

Passenger Transportation Services
Jul 24, 2025

FAA says 787 Boeing fuel-control unit is not malfunctioning after Air India crash

The head of Federal Aviation Administration stated on Thursday that the fatal crash of an Air India Boeing 777 jet last month does not appear caused by...

Transport Infrastructure
Jul 24, 2025

Montenegro receives 350 million Euros from EBRD & EU for transportation upgrade

The European Bank for Reconstruction and Development and European Union have granted 350 million Euros to Montenegro in order to improve transport connectivity between the Balkan country...

Europe
Jul 24, 2025

Danish police evacuate a music festival in heavy rain

Danish police evacuated an outdoor music festival in Esbjerg on Thursday, and advised residents to remain indoors due to flooding from a cloudburst. A police spokesperson stated...

South America
Jul 24, 2025

Brazil's highest court rules Bolsonaro out of arrest for the moment

The Brazilian Supreme Court ruled on Thursday that the former president Jair Bolsonaro would not be arrested for a "single" violation of court restrictions. However, it warned...

North America
Jul 24, 2025

Michelin's H1 sales are in line with the market forecasts

According to market expectations, Michelin's sales fell by 3.4% in the first six months of this year. However, the increase in selling prices partially offset the decline...