Latest news

Jul 5, 2024

Italy's Etna and Stromboli volcanoes appear, Catania Airport closed

Eruptions at Italy's Mount Etna and the smaller sized Stromboli volcano spewed hot ash and lava, raising alert levels on the Mediterranean island of Sicily and forcing...

Transport Infrastructure
Jul 5, 2024

Lufthansa CEO positive about monetary health of ITA Airways

Lufthansa executives sought to assure financiers about ITA's monetary health on Friday after the German provider won EU approval this week to buy 41% of the Italian...

Transportation
Jul 5, 2024

Ecuador sack coach Sanchez after Copa America exit

Ecuador have sacked head coach Felix Sanchez in the wake of Thursday's Copa America quarterfinal defeat by Argentina, the nation's football federation (FEF) stated. Ecuador reached the...

Transportation
Jul 5, 2024

China, struggling to make use of a boom in energy storage, requires a lot more

Rows of what appear like thin, white shipping containers are lined up on a barren dirt field in China's Shandong province. Filled with batteries, they form a...

Transportation
Jul 5, 2024

How China's EV battery makers accumulate in energy storage

July 5 - China's EV battery giants CATL and BYD are eyeing the growing market for stationary energy storage. Here are the numbers behind their energy storage...

Transport Infrastructure
Jul 5, 2024

Oman's Asyad prepares to drift Asyad Shipping, employs consultants, sources say

Oman's stateowned logistics company Asyad Group is planning an initial public offering (IPO) of its subsidiary Asyad Shipping Co by the end of the year and has...

Passenger Transportation Services
Jul 4, 2024

British Organization - July 5

The following are the leading stories on the business pages of British papers. has not verified these stories and does not attest their accuracy. The Times -...

Transportation
Jul 4, 2024

China's power supply to betting center Macau tops 1 mln kW for first time

China's power supply to betting hub Macau has actually gone beyond 1 million kilowatts on a single day for the first time considering that the unique administrative...

Transportation
Jul 4, 2024

China's fast renewables rollout hits grid limits: Kemp

China's recordbreaking deployment of wind and solar capability has actually gotten worse local power imbalances, requiring the nation to idle increasing amounts of eco-friendly generation when it...

Transportation
Jul 4, 2024

China's fast renewables rollout hits grid limitations: Kemp

China's recordbreaking release of wind and solar capacity has gotten worse regional power imbalances, forcing the country to idle increasing amounts of eco-friendly generation when it overwhelms...

Transportation
Jul 4, 2024

Sources say that Oman's Asyad is planning to flotation Asyad Shipping and has hired advisers.

Sources familiar with the matter say that Oman's state owned logistics firm Asyad Group plans to launch an Initial Public Offering (IPO) for its subsidiary Asyad Shipping...

Jul 4, 2024

Greece arrests 7 over arson attacks on synagogue, Israeli-owned hotel

Greece's antiterrorism cops have actually detained seven individuals over arson attacks against an Israeliowned hotel and a synagogue in main Athens this year, authorities stated in a...

Transport Infrastructure
Jul 4, 2024

Sources: Rosneft and Lukoil will cut oil exports to Black Sea's Novo

Two sources familiarized with the loading plan for the Black Sea port Novorossiisk said that Rosneft, a Russian oil producer, and Lukoil, a Russian refiner, will drastically...

Transport Infrastructure
Jul 4, 2024

EQT and Kuehne purchase 35% of the shares in Flix, a train and bus company

EQT announced in a Thursday statement that it had acquired a joint 35% stake with investor Klaus-Michael Kuehne in the German bus and rail services company Flix....

Transport Infrastructure
Jul 4, 2024

Lawmaker: Ukrainian ports cargo exports up 68% from January to June

A senior Ukrainian lawmaker stated on Thursday that cargo shipments in Ukraine's Black Sea ports and Danube port were 68% more than they were in the same...

Ground Transportation
Jul 4, 2024

Anglola indications initial power task arrangement with Trafigura and Promarks

Angola has signed a preliminary contract to establish a regional power transmission and supply project with Trafigura and engineering business Promarks, products trader Trafigura said in a...

Transportation
Jul 4, 2024

Ukraine keeps high power imports due to damage, heat

Ukraine increased its power imports to nearrecord levels on Thursday as hot weather strained the power system hobbled by Russian barrages, officials stated. The national power grid...

Jul 4, 2024

Tunisia purchases 100,000 T of soft wheat and 50,000 T of durum, traders report

According to European traders, the Tunisian state grain agency purchased approximately 100,000 metric tonnes of soft wheat on Thursday and approximately 50,000 tons durum at an international...

Transportation
Jul 4, 2024

Egypt's PM orders fuel to stop load-shedding this summer

Mostafa Mdbouly, Egypt's Prime Minister, said Thursday that Egypt has purchased all the fuel needed to stop power outages this summer. A heatwave has exacerbated the power...

Jul 4, 2024

Bangladesh's Summit LNG anticipated to resume operations in mid-July, says official

The drifting storage and regasification unit of Bangladesh's Summit LNG should resume operations in midJuly after it was damaged throughout a cyclone, a. Petrobangla authorities stated on...

Transport Infrastructure
Jul 4, 2024

Chemical leakage at Malaysia's Kuala Lumpur airport impacts 20 personnel

A chemical leak at an aircraft engineering center at Malaysia's Kuala Lumpur worldwide airport on Thursday has actually affected 20 individuals, though there were no interruptions to...

Transportation
Jul 4, 2024

After the lifting of the ban on rail transportation, Russian gasoline exports to Afghanistan have risen dramatically.

Sources and calculations show that Russian rail gasoline exports jumped more than 70% from May to 423.101 metric tons in June after the export ban was lifted....

Jul 4, 2024

Sources say that China has asked state-owned firms to add 60 million barrels of oil to its reserves.

According to Vortexa, and trading sources, China's government has told its state-owned oil companies to add 8,000,000 metric tons of crude oil, or almost 60,000,000 barrels, to...

Passenger Transportation Services
Jul 4, 2024

Lufthansa to consider raising stake in ITA to 90%, CEO states

Lufthansa will think about raising its stake in Italy's ITA Airways to 90%,. beginning with early next year, the CEO of the German airline. said in an...

Jul 4, 2024

Feeding Gaza: Traders run onslaught of bullets, bombs and kickbacks

Mohammed describes a shipment job from hell. I get screwed on every delivery, the Gazan trader informed . He stated he has to hand over more than...

Passenger Transportation Services
Jul 4, 2024

Olympics-High expenses, safety concerns harm Paris Games reservations

Spiralling travel and accommodation costs, French political tumult and security concerns are dissuading numerous sports fans and visitors from attending the Paris Olympic Games this summer season....

Passenger Transportation Services
Jul 4, 2024

EU's airline offer requires fuel doubts over further attempts

It took a year of wrangling with the European Commission for Germany's Lufthansa to gain approval to purchase 41% of Italy's ITA Airways, and only after it...

Jul 4, 2024

Hurricane Beryl strikes Jamaica as Caymans, Mexico brace for storm's effect

Hurricane Beryl surged Jamaica with heavy winds and rain on Wednesday, eliminating a minimum of a single person after forging a destructive, watersoaked course throughout smaller Caribbean...

Transport Infrastructure
Jul 4, 2024

Port of Brownsville to limit ship traffic due to Hurricane Beryl

Port of Brownsville, along the U.S.Mexico border, stated on Wednesday that it would restrict ship traffic due to gale force winds from Typhoon Beryl, a. Classification 4...

Jul 4, 2024

GM to pay $145.8 million penalty after US discovers excess emissions

General Motors will pay a. $ 145.8 million penalty and surrender credits worth hundreds of. countless dollars after a U.S. federal government examination found. excess emissions from...

Passenger Transportation Services
Jul 4, 2024

Americans look past fuel cost, bad weather condition to set July 4th travel record

High fuel costs and the risk of a cyclone are not expected to dampen Americans' desire to hit the roadway this summer, with visitors preparing for record...

LNG Transportation
Jul 4, 2024

Endeavor Global seeks to present gas to generator at Plaquemines LNG plant in Louisiana

U.S. melted gas company Endeavor Global LNG looked for consent on Wednesday from U.S. energy regulators to take another step towards startup of its new Plaquemines export...

Jul 4, 2024

Brazil ag minister says auction to import rice 'not needed'

The Brazilian federal government will no longer require to purchase imported rice, Agriculture Minister Carlos Favaro told a local television channel on Wednesday, after the strategy drew...

Jul 4, 2024

Electric car charging point firm Zunder secures 225 mln euro Santander loan

Zunder, a business establishing charging points for electric vehicles across Europe, has secured a 225 million euro ($ 242.9 million) loan from Spanish bank Santander, the business...

Transportation
Jul 4, 2024

Niger junta consents to talk with repair ties with Benin

Niger's junta has accepted talks with Benin's federal government, led by two former Benin presidents, to help bring back relations after a coup in Niger last year...

Jul 4, 2024

European shares increase as Fed rate cut bets company; focus on elections

European shares rose on Wednesday, as dovish comments from Federal Reserve Chair Jerome Powell and fresh U.S. financial information firmed rate cut expectations, while investors waited for...

Passenger Transportation Services
Jul 3, 2024

Pakistan takes on issues by bidders over airline safety restriction

Pakistani authorities began satisfying those certified to bid for the nation's national airline company on Wednesday, to deal with concerns consisting of a European Union Aviation Security...

Ground Freight & Logistics
Jul 3, 2024

Soccer-Turkish player's conservative 'wolf' goal celebration sparks furore

European soccer's governing body UEFA opened an investigation on Wednesday into a wolf salute goal celebration by Turkey centre back Merih Demiral which Germany condemned as racist...

Transport Infrastructure
Jul 3, 2024

Banksy-funded migrant rescue ship obstructed by Italian authorities

A rescue ship funded by British street artist Banksy has actually been grounded at port for 20 days for ignoring migrant disembarkation orders from Italian authorities, the...

Jul 3, 2024

Brazil ag minister states action to import rice 'not required'

The Brazilian federal government will no longer need to buy imported rice, Agriculture Minister Carlos Favaro informed a local TV channel on Wednesday, after the plan brought...

Passenger Transportation Services
Jul 3, 2024

Lufthansa gets EU nod for $350 mln stake in Italy's ITA

Lufthansa won EU antitrust approval to purchase 41% of ITA Airways for 325 million euros ($ 350 million) on Wednesday after delivering paths and slots, with the...

Jul 3, 2024

Carmaker Stellantis joins forces with France's CEA for EV battery research study

Stellantis, the carmaker whose brand names consist of Peugeot, Fiat and Chrysler, revealed on Wednesday a collaboration with the French state's CEA research study organisation to work...

Jul 3, 2024

German government considers lifeline for embattled luxury shipbuilder

The German government is considering support for Meyer Werft, among the world's greatest cruise liner contractors, an economy ministry representative said on Wednesday, as the cashstrapped company...

Transportation
Jul 3, 2024

Vietnam enables factories to purchase electricity directly from suppliers

Vietnam's government said on Wednesday it had provided a brand-new decree to enable factories to directly buy electrical energy from power providers, in a relocation that might...

Passenger Transportation Services
Jul 3, 2024

Southwest Airlines embraces 'poison tablet' after Elliott promotes changes

Southwest Airlines adopted a so-called poison tablet to hinder Elliott Financial investment Management from raising its stake in the carrier after the activist financier required leadership changes...

Transportation
Jul 3, 2024

Zelenskiy states Ukraine in talk with send Azeri gas to EU, Bloomberg reports

Ukraine remains in speak with send natural gas from Azerbaijan to the European Union as it looks for to maintain its role as a transit country and...

Transportation
Jul 3, 2024

Portugal, Spain work to eliminate hydrogen pipeline obstacles

Portugal and Spain are working to remove the obstacles to constructing an undersea green hydrogen pipeline by 2030 as part of their vision to end up being...

Ground Freight
Jul 3, 2024

Polish freight company PKP Freight to lay off about 30% of workforce

Poland's largest freight company PKP Cargo plans to lay off as much as about 30% of its workers, it stated on Wednesday, as it looks for to...

Passenger Transportation Services
Jul 3, 2024

Italy seeks merger deal to cut public stake in Monte Paschi

Italy is looking a merger deal to even more cut its stake in bailedout lender Banca Monte dei Paschi di Siena (MPS), Economy Minister Giancarlo Giorgetti stated,...

Ground Freight
Jul 3, 2024

Germany releases electric truck charging network to decarbonize transport

The German federal government on Wednesday introduced a project to build up an across the country fastcharging network for heavy duty lorries as Berlin intends to decarbonize...