Latest News
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Enbridge, the pipeline operator, expects a higher core profit in 2026
Enbridge, the Canadian pipeline operator, forecast higher core profits for 2026 as it expects to profit from strong demand and new project entering service. The company predicted an adjusted core income of C$20.2billion ($14.49billion) to C$20.8billion, compared to expectations between C$19.4billion and C$20billion for this year. According to the U.S. Energy Information Administration, increasing demand for AI-fueled power centers and accelerating electrification will push U.S. electricity demand to record highs in 2025-2026. In a press release, CEO Gregory Ebel stated that "we also expect strong growth by 2026 due to recent rate settlements and cases in Gas Distribution and Gas Transmission." Last year, the Calgary-based company acquired three Dominion Energy utilities -- East Ohio Gas (formerly Questar Gas), Public Service Co. of North Carolina, and Public Service Co. of North Carolina – in a deal worth $14 billion, including debt. Enbridge has also increased its quarterly dividend to 97 Canadian Cents per share, with effect from March 1.
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Havana is left without electricity after Cuba's electrical grid collapses partially
Local media and eyewitnesses report that Cuba's electrical system suffered a partial failure early on Wednesday morning, leaving Havana, the capital, and much of west Cuba in darkness. Lazaro Alonso, a reporter for the state-run media, confirmed that four provinces in the westernmost part of the country, from Pinar del Rio up to Mayabeque were without electricity. The cause of the grid failure was not immediately apparent. A witness reported that the skyline of Havana was mostly dark on Wednesday morning, with hospitals and a few tourist hotels being the only ones still lit. Cuba's oil fired power plants, which were already outdated and struggled to keep the lights lit, went into a crisis last year when oil imports from Venezuela and Russia, as well as Mexico, decreased. Cuba's grid collapsed partially or completely several times since. Blackouts of 20 hours or longer are common in many parts of the Caribbean island nation. Havana residents who were once spared the worst of the blackouts now face up to 10 hours without electricity every day. Cuba's government blames the worsening of power outages on fuel shortages and infrastructure that is in disrepair, as well as damage caused by Hurricane Melissa. Cuba has been unable to purchase enough fuel for many years due to U.S. economic sanctions and the deepening crisis. This has forced the government to depend more on its allies, and made it harder for Cuba to keep the lights lit. According to documents and shipping data, the island's crude and fuel imports in the first ten months of 2025 dropped by more than a quarter compared to the same period of 2024. This was due to the fact that key allies Mexico slashed their supplies. (Reporting and editing by Dave Sherwood; Louise Heavens, Ed Osmond).
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Tesla's German sales fell by a fifth during November
According to the German road traffic agency KBA, on Wednesday, the number of new registrations from Chinese electric car manufacturer BYD exceeded that from Tesla. KBA reported that Tesla sold 1,763 vehicles in Germany in November. This is 20.2% lower than the same month last year. Tesla sold 17,358 cars in the period January-November, which is 48.4% less than the same period the previous year. The volume of Chinese electric vehicles manufacturer BYD sales increased by more than nine times year-on-year in November, to 4,026 unit, reaching 19,197 units from the start of the year. KBA reported that the number of electric vehicles registered in November increased by 58.5% to 55,741 cars. Tesla registrations in key European markets fell in November compared to a year ago as the U.S. EV manufacturer struggled with market share losses despite launching new versions of their best-selling Model Y. (Reporting and editing by Madeline Chambers, Thomas Escritt and Amir Orusov)
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After Russian attacks on Turkish ships, Turkey talks about Black Sea security with NATO
Sources in the Turkish Foreign Ministry said that NATO Secretary General Mark Rutte and Turkish Foreign Minister Hakan Fidan discussed Black Sea Safety on Wednesday. This was after Ankara had expressed concern over attacks on Russian-linked tankers – some of which were claimed by Ukraine. Ankara has condemned the attacks against vessels linked to Moscow in Turkey's exclusive zone economic off its Black Sea coast. Besiktas Shipping in Turkey, a company that has been involved with Russia for many years, halted its operations due to security concerns after the attacks. Ukraine, which is attacking Russia's oil exports while Moscow bombards the power grid in its country, has claimed responsibility for a seaborne drone attack on two empty tanks heading towards a Russian harbor last week. Kyiv has denied any connection to another incident that occurred on Tuesday, in which a Russian flagged tanker carrying sunflower oil claimed it was attacked by drones off the Turkish coast. A tanker of Besiktas Shipping, which also conducted business with Russia, was damaged by external impacts near Senegal. No one has claimed responsibility. Fidan and Rutte discussed, at a NATO summit in Brussels, issues relating to the security of the Black Sea and negotiations to end a nearly four-year conflict, according to a Turkish Foreign Ministry official. The source did not provide any further details. The Turkish government has condemned the attacks against shipping and warned that "all parties" must stop them. An official from Turkey said that this includes the Ukrainian authorities. Vladimir Putin, the Russian president, has responded to this by threatening to cut off Ukraine's sea access. He also said that Moscow would intensify its strikes against Ukrainian vessels and facilities as well as move against oil tankers from countries who help Ukraine. Ayhan Zytinoglu said that targeting merchant ships within Turkey's exclusive zone of economic activity is "a dangerous escalation in the war in Ukraine" at a conference in Istanbul, co-hosted with the Polish Embassy and Consulate, on Wednesday. According to a press release from his office, Tayyip Erdoan told French President Emmanuel Macron that Turkey is trying to revive ceasefire talks between Russia and Ukraine in Istanbul in a phone call. (Reporting Tuvan Gumrukcu Additional Reporting Jonathan Spicer Editing Peter Graff.)
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Sources say that Kazakhstan will increase oil supply to BTC pipeline in December by 30%.
Two industry sources have confirmed that Kazakhstan will increase the daily oil exports to Baku, Tbilisi, and Ceyhan (BTC), pipeline from the Aktau Port by 30% compared with the previous month. This would bring the total to 188,000 tons per day (about 47,000 barges) by December 2025. After drone attacks destroyed a mooring, Kazakhstan has been looking for alternative routes to export Caspian Oil from its large fields. This is due to the limited capacity of its main export route - The Caspian Pipeline Consortium. The BTC pipeline is a good option for exporting oil, but the volume can only be limited due to the capacity of the Aktau Port and the requirements of oil quality. Sources said that Kazakhstan will load 188,000 tons via BTC in December: 170,000 tonnes from Tengizchevroil and 18,000 from the Kashagan Field. Requests for comments were not answered by the press services of the Kazakhstan Ministry of Energy or the Kashagan operator NCOC. TCO refused to provide any details about its production. TCO resumed its exports to BTC after a pause in November. The company had suspended oil shipments in August due to excessive organic chlorides found in the Azeri BTC grades. Askhat Khasenov (KMG) stated in October that the company is in talks to increase the oil transport via BTC from 1.2 to 2.2 millions tons by 2026. The oil from Tengiz and Kashagan is transported to Baku via tankers, which are then transported to Ceyhan, Turkey, by the BTC pipeline. Louise Heavens, Louise Heavens (Reporting)
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Serbian Parliament adopts budget for 2026, with a deficit of 3%
The Serbian parliament adopted its budget for 2026 on Wednesday, setting the fiscal deficit at 337 billion dinars (3.35 billion dollars), or 3%. Budget sets revenues totaling 2,414.7 billion dinars, and expenditures at 2,751.7 milliards dinars. The bill also provides 164 billion dinars for Serbia to use in order to take over the U.S. sanctioned oil company NIS, from its Russian majority owner Gazprom and Gazprom, if these companies do not sell their shares by mid-January. Adoption of the 2026 budget plan was a formality as the ruling coalition, led by the populist Serbian Progressive Party, has a comfortable majority with 154 members in the 250 seat parliament. The total capital expenditure is 602 billion dinars with 47.5 billion dinars allocated to the Expo 2027 fair. Budget also includes the funds required for the reintroduction over the next 3 years of military service, as well as increased spending on wages and pensions in the public sector.
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Rome's bus, metro and tram company will refund customers for poor service
The Italian Competition Authority announced on Wednesday that Rome's Atac public transport company has agreed to refund customers for poor service. This concludes an investigation into the publicly-run organization. In February, the regulator began investigating Atac for "possible unfair commercial practices", for failing to meet quality standards in 2021-2023. Atac did not meet its targets in punctuality, lifts and escalators working properly, or security guards stationed at metro stations. The investigation is closed, after Atac committed to refund more than 3 millions euros ($3.5million) to holders of annual tickets. The Italian competition authority is also responsible for protecting consumer rights. The annual ticket holders in 2024 will get 5 euros, and holders of the annual travel pass between 2021-2023 will also receive an additional 5 euros, according to the statement. Annual passes are 250 euros excluding concessions. Atac is also introducing a mobile app that offers partial refunds in the case of delays exceeding 15 minutes on regular bus, metro or tram services. Atac, the public transport company in Rome, told regulators that it has improved its efficiency thanks to EU funds post-COVID and to government funding in preparation for this year's Catholic Holy Year. Atac has also committed to train and hire more staff in metro stations, as part of its commitments. The authority stated that the annual investment would be 2.6 million euro. Atac has not commented on the announcements made by regulators. Reporting by Cristina Carlevaro. Alvise Armellini edited the article. Mark Potter (Editing by Alvise Armellini)
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IndiGo, India's largest airline, reports delays and cancellations caused by technical issues, congestion, and congestion.
IndiGo, India’s largest airline, said on Wednesday that several of its flights had been delayed or cancelled in the last few days because of technology issues, airport congestion, and operational requirements. According to the data of the civil aviation ministry on Tuesday, IndiGo had the lowest on-time performance among Indian airlines. IndiGo has consistently performed better than 80% on-time at Indian airports, including Delhi and Mumbai. Last month, an air traffic control system failure at India's main airport caused hundreds of flights to be delayed. As of 0909 GMT, around 600 flights had been delayed across India's busiest three airports, Delhi, Mumbai, and Bengaluru. Data from Flightradar24 shows that Delhi accounted for over two-thirds the delays. IndiGo's spokesperson stated in a press release that "our teams are working hard to ensure that operations return as quickly as possible", without giving any details about the causes of the delays and cancellations. On Saturday, the airline had to work with other global carriers to fix a glitch in software on 200 Airbus A320 aircraft. IndiGo shares dropped 2% following the release of its statement, despite having gained 23% this year. IndiGo has a market share in India of over 60%. It operates more than 2,200 flights per day and is steadily expanding its international operations, challenging Air India's dominance. The strong U.S. Dollar and the negative impact of the June Air India crash on flyer confidence have put pressure on its results in the past two quarters. Air India was on time 67.2% of the time on Tuesday. On Tuesday, it said that a third party system disruption was affecting the check-in systems in various airports. This caused delays for several airlines. Delhi Airport posted on X Wednesday that certain domestic airlines are experiencing "operational difficulties" which may lead to schedule changes or delays. Reporting by Chandini monnappa, Abhijithganaparavam; Editing by Mrigank dhaniwala and Thomas Derpinghaus
Brazil judge states suicide bomber wanted to explode Supreme Court
Brazilian Supreme Court Justice Alexandre de Moraes said on Thursday that the suicide bomber who tried to enter the top court on Wednesday had intended to explode the structure, casting it as part of a. growing wave of attacks on democracy.
The surges outside the court and in a neighboring parking. lot, which federal authorities called attacks, raised security. concerns days ahead of the G20 top in Rio de Janeiro and. Chinese President Xi Jinping's check out to the capital Brasilia.
Police identified the man who killed himself in a blast. outside the Supreme Court as a previous city council prospect. from ex-President Jair Bolsonaro's right-wing celebration with a. history of heated political rhetoric online.
A cops report seen , validated as authentic. by individuals familiar with the matter, said Francisco Wanderley. Luiz, 59, tossed an item at the court building that triggered no. damage, then laid on the ground and exploded a homemade bomb. that killed him.
Brazil's electoral records show Luiz lost a 2020 race for. city board in Rio do Sul, in the southern state of Santa. Catarina, as a member of Bolsonaro's conservative Liberal Celebration.
Moraes, who is among Supreme Court justices targeted with. threats for managing investigations into Bolsonaro and his. advocates, said Luiz may have acted alone however the attack was. the outcome of rhetoric going back to the Bolsonaro government.
He called the explosions the worst attack on the Supreme. Court because fans of Bolsonaro raided the structure in a. riot last year.
Bolsonaro distanced himself from Wednesday night's. violence, saying on social networks that it was a separated. incident caused by an individual with mental health issues.
Authorities discovered more dynamites at a house that Luiz leased. in Brasilia, which were detonated with a bomb disposal robot. His mobile phone was later found in a parked trailer.
Investigators examined his body on Thursday morning,. outfitted in a green jacket and trousers with signs similar to a. deck of cards, as it lay in the Plaza of the 3 Powers, an. iconic square linking Brazil's 3 branches of federal government.
It was the scene of chaos on Jan. 8 in 2015 when Bolsonaro. supporters vandalized government structures to oppose his. electoral defeat to leftist President Luiz Inacio Lula da Silva.
In the weeks before those riots in the capital, cops. foiled a bomb plot near the Brasilia airport inspired by. Bolsonaro's unwarranted claims of a taken election.
Before and after losing the 2022 race to Lula, Bolsonaro. sowed doubts about the authenticity of an electoral system run by. the courts and attacked Supreme Court decisions as invalid.
Brazil's leading electoral court barred Bolsonaro from public. workplace through 2030 due to that rhetoric, and federal authorities are. examining his function in an alleged coup plot after the vote. He has actually rejected any misdeed and his party insists he will be. its governmental prospect in 2026.
Wednesday's blasts in the heart of the capital could bring. fresh attention to that police probe into Bolsonaro, which was. expected to wrap up this month.
The first surge went off in a car park some 300. meters from the Supreme Court structure and blew open the trunk. of an automobile owned by Luiz. Other blasts seconds apart went off in. front of the court in the square where cops found his body.
The Supreme Court justices had just ended a plenary session. when the blasts were heard and they left safely, the court. stated in a declaration.
Lula had actually left the executive palace, throughout the square from. the court, less than an hour before the surges.
(source: Reuters)