Latest News
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A train derails near northern France, injuring at least 44 people
The French railway operator and French authorities confirmed that a train derailed in Normandy in northern France between Rouen-Caen on Friday night at around 7:30 pm local time. The head of the local authority Jean-Benoit Albertini told reporters that one of the injured was in a critical condition and had to be evacuated via helicopter. A spokesperson for the French police said that the train 'derailed after hitting an unknown object. The French railway operator SNCF said an investigation was underway to determine the cause of this accident. In a post on X, French Transport Minister Philippe Tabarot revealed that the train carried 180 passengers. He added that 140 firefighters were at the scene to help the injured passengers and drivers. The local authority,?prefecture Seine-Maritime, warned the public to avoid the area. SNCF announced that the train service between Rouen, Caen,?Caen, and Le Havre has been?suspended' and a'replacement bus services will be in place.
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USDA report report fails in its attempt to reverse EU wheat's decline
European wheat prices fell on Friday after U.S. grain forecasts did not provide enough positive news to counteract a bearish mood that had pushed the price to a two-week low in earlier'session. The daily session for December wheat traded on Paris' Euronext ended with a loss of 1.6%, or EUR241.25 per metric ton. The benchmark contract fell to a 2-week low at EUR240.25 earlier in the day, from a contract peak of EUR259.25. The U.S. Department of Agriculture released its monthly "supply and Demand" forecasts for world wheat ending stocks on Friday. These were slightly higher than average estimates. Investors who had built up a large position in wheat were encouraged to take profits by the report's publication. Prices were also affected by diplomatic efforts to end the war between Russia and Ukraine. Commerzbank, which announced its forecasts on Friday, increased their year-end wheat prices, citing the ongoing attacks by Russia and Ukraine against each other's port. The CBOT wheat price at the end the year is now $7, up previously from $6.50, and the Euronext wheat price at EUR240, up previously from EUR220. The market is still bouncing between the bearish expectation of a stable shipping agreement in the Black Sea and the bullish expectation that Russia and Ukraine will continue to attack ports and shipping. Importers from Egypt and Libya showed an interest in small quantities of 11.5% protein wheat at $300-$305 per ton C&F for shipment between September/October. According to a trader, Pakistan's wheat tender of 750,000 tons next week will likely?attract mainly Romanian or Bulgarian offers and possibly include Ukrainian wheat that is transported overland to Romania. Pakistan could cancel the tender if prices are well above $300 per ton c&f. As Rhine water levels dropped, ships were only able to sail partially loaded and transport costs increased.
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Poste Italiane acquires Telecom Italia for 66.6% at the end of the offer period
Poste Italiane secured a 66.6% share in Telecom Italia (TIM)'s capital. Calculations based on stock exchange data were revealed on Friday at the conclusion of the main phase for the takeover bid by the state-backed company. Poste, who had previously acquired a 20% stake in TIM, increased its cash component by 18%, to EUR1.97 a share. It also confirmed an exchange ratio of 0.218 newly -issued Poste?shares for each TIM share. At Friday's closing price, the bid was valued at around EUR13 billion. Borsa Italiana (the Italian stock exchange) reported that the take-up of the bid for the former Italian telephone monopoly had reached 58.2%. Poste waived its initial acceptance threshold of 66.67% for this upcoming?week. The offer period will reopen between September 21 and 25.
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Tesla targets European freight market by releasing long-delayed semi truck
Tesla will bring its Semi-electric truck to Europe, expanding its reach beyond North America. It is looking to gain a foothold in the heavy-duty market where competitors already sell battery-powered models. Elon 'Musk-led 'automaker will reveal European specifications and launch information at the IAA Transportation Trade Fair in Hanover Germany next week. It said in a posting on X. The European push comes almost a decade after Tesla unveiled the Semi back in 2017. The company initially planned to produce the Semi by 2019, but this timeline was continually delayed because the company prioritized the supply of battery cells for its passenger vehicles. Tesla began limited deliveries in late 2022 to customers such as PepsiCo, including the United States. Tesla announced in April that the first "Semi" had been produced on a Nevada high-volume line. In its shareholder update for July, Tesla only stated that Semi production would start in 2026 and removed an earlier forecast of volume production this summer. Tesla's German language website lists the version of?truck that has a range up to 550km (342 miles), with a combined gross weight of 40 tonnes and an energy consumption of around 1 kilowatt hour per kilometer. The 'company' said that the truck is able to take off with electric power up to 25 kW and weighs around 9,100 kg without a cargo or trailer. The truck can recover 60% of its range within 30 minutes by using Tesla's Megacharger network, which the company claims is capable of delivering up to 800 kilowatts. Tesla also cited dedicated service centers and route-based scheduling as features that would reduce downtime.
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QatarEnergy is seeking US LNG deals until 2031, according to sources
QatarEnergy has been in talks with several producers about securing multi-year U.S. contracts for liquefied natural gas through 2031. This is to replace the capacity that was destroyed by Iranian attacks, which will take years to fix. Two sources confirmed that discussions are underway with Venture?Global and Woodside. Sources said that the contract talks were part of QatarEnergy's effort to replace volumes lost from its Ras-Laffan facility, after Iranian strikes damaged two of its 14 gas-to liquids (GTL), and two LNG trains. QatarEnergy has also changed its approach from purchasing dozens of U.S. LNG spot cargoes in order to meet commitments made to some of their Asian clients. QatarEnergy CEO Saad al-Kaabi stated in March that the repairs will sideline 12.8 millions tons of LNG capacity per year for three to fiveyears. QatarEnergy, which halted its production in March, has renewed force majeure notifications monthly. Most recently, they were extended to November. Further extensions are possible if the Strait of Hormuz is closed, according to the sources. QatarEnergy Trading - the trading arm of QatarEnergy - which managed 10 million tonnes of the company's portfolio of LNG - is looking to achieve 2-3 million metric tonnes per annum until 2031. A fourth source stated that "They'll have to buy anything they can." QatarEnergy has not responded to an immediate request for comment. Venture Global and Cheniere declined comment while Woodside LNG stated that it would not comment on speculations about the market. According to research firm Rapidan Energy, 25 million metric tonnes of LNG are available for sale in U.S. construction projects. Rapidan data shows that Venture Global has 10 mtpa of LNG uncontracted. Cheniere, Woodside Energy, and Sempra have 6 mtpa each available. Qatar's pursuit of LNG volumes to deliver to its?customers indicates that Qatar now sees a risk in their ability to export LNG over several years, said Saul Kavonic. He is the head of energy advisory and research at MST Marquee. He added that "it signals that Qatar?considers the Strait of Hormuz disruption may prove to be longer lasting and the damage to Qatari?LNG infrastructure is more extensive than originally hoped, and it may take longer to fix." Around 80% of Qatar LNG exports are usually exported to buyers in Asia. Many clients in Asia began to look for alternatives to Qatari Gas due to the uncertainty of when flows would resume through this major waterway. According to a fifth party, some market participants are testing scenarios where no Qatari gas will be available.
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QatarEnergy is seeking US LNG deals until 2031, according to sources
QatarEnergy has been in talks with several producers about securing multi-year contracts for?U.S. Three trading and industry sources said that QatarEnergy is negotiating with several producers to secure multi-year?U.S. Two of the sources cited said that discussions were held with Venture 'Global, Cheniere, and Woodside. Sources said that the contract talks were part of QatarEnergy's effort to replace volumes lost from its Ras-Laffan facility, after Iranian strikes damaged two of its 14 gas-to liquids (GTL), and two LNG trains. QatarEnergy has also changed its approach from purchasing dozens of U.S. LNG spot cargoes in order to meet commitments with some of their Asian clients. The company is now looking for longer-term solutions. QatarEnergy CEO Saad al-Kaabi stated in March that repairs will sideline 12.8 millions tons of LNG capacity per year for three to five more years. QatarEnergy, which halted production back in March, has issued force majeure notifications every month. The most recent extension was to November. Further?extensions are possible, as the Strait of Hormuz is still closed, according to the sources. QatarEnergy Trading is the trading arm of QatarEnergy, which managed 10 million tons of LNG for the company. One source said that the company was looking to achieve 2-3 millions metric tons annually through 2031. A fourth source stated that "They'll have to buy anything they can." QatarEnergy has not responded to an immediate request for comment. Venture Global, Cheniere and Woodside LNG declined to comment. Saul Kavonic is the head of energy research and advisory at MST Marquee. He said that Qatar sees a risk in their ability to export LNG over several years. He added that "it signals that Qatar believes the disruption of Strait of Hormuz could be longer lasting and the damage to Qatari's LNG infrastructure has been more extensive than originally hoped and repair may take longer." Around 80% of Qatar LNG exports are usually exported to Asian buyers. Many clients in Asia began to look for alternatives to Qatari gas due to the uncertainty surrounding when flows will resume through 'the major waterway. According to a fifth party, some market participants are testing scenarios where no Qatari gas will be available.
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Oil tanker prices reach record highs after US and Iranian shipping attacks
This week, the cost of'shipping' oil in the largest tankers reached record levels following the most intense wave of attacks against shipping since the U.S. - Iran war began late in February. According to Baltic Exchange, the shipping rate for supertankers, also known as very large crude carriers (VLCCs), loading oil in the Gulf of Oman to be shipped to China, reached around 450 on Worldscale, which is?roughly?$11.50 per barrel. The rate is at its highest level since it was introduced earlier this year after the U.S. and Israel war against Iran. The increase in rates is a sign of 'how the Middle East conflict feeds into the wider economy. The rise in shipping costs could add to inflationary pressures, and increase costs for consumers and businesses already feeling the effects of a growing conflict. Iran announced on Wednesday that it had launched 10 attacks near the Strait of Hormuz, after the U.S. destroyed five Iranian oil tanks. Four Yemeni government officials said that the Houthis, who are aligned with Iran, reached Perim, a strategic island in the Bab El-Mandeb Strait on Friday, possibly tightening their hold on one of the world's most important shipping routes. Ioannis Pandimitriou, analyst at Vortexa, said that "repeated attacks between the U.S. Navy and Iran continue to push freight rates in the Gulf up to new heights." Papadimitrou said that the higher risk of operating in the Middle East Gulf and the surrounding area is driving up the Gulf of Oman's freight rates, out of fear of Iranian reprisals. This naturally reduces the number of available tankers in the region. The recent military escalation is having a wider impact, with VLCC rates also reaching record highs on the West Africa-Asia route.
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Travel chaos caused by the protest of Polish train drivers who slow down during safety demonstrations
On Friday, Poland's railways were impacted by widespread disruption as train drivers protested safety concerns and slowed down their trains. Around two thirds of services experienced delays on what is one of the busiest weeks of the year. A train that hit a truck and derailed at a level-crossing in central Poland Wednesday killed one person and sent 10 to the hospital. This is just the latest of a series of accidents caused when road users ignore warning signs. "We do not view this as protest but as an act of desperation," said Sebastian Piernik. He added that the union's demands for safety were?ignored in the past. "The fundamental problem is to ensure that drivers are held accountable for crossing the tracks at a time when there's a red signal." Train drivers at all level crossings slowed to 20 kilometres an hour (12 mph), as part of the protest that lasted until Friday noon local time. As a consequence, train operator PKP intercity reported that as of 12 p.m. (1100 GMT), 203 of 290 services?faced delays averaging 38 minutes. Alicja Kiman, a resident of Gdansk, said that she wasn't surprised by the protest because?motorists are?often reckless. She said, "I've seen garbage trucks break the barrier twice - forcing themselves in when it was closing." The government announced that it would introduce harsher 'penalties for drivers disregarding warning signals at crossings, and it spent hundreds of millions?zlotys to improve safety. Dariusz Klimczak, Infrastructure Minister, told reporters that "these changes will result in the risk of losing a driver's licence" for drivers who enter a road/rail crossing with RED light on.
The flagship Mayan tourist trains in Mexico leaves a trail of broken promises
In the Maya jungle of Mexico, a series of brilliant white lights are blazing in the darkness. It is a depot for a multi-billion dollar train line.
Just beyond the perimeter fence, a village off-grid is in complete darkness.
Mexico's Mayan train, a rail project of approximately 1,500 km (1,000 miles) in length, was designed to improve infrastructure and increase tourism to the impoverished southern part of the country.
Two years after its launch, the project is still struggling. Tickets sales only cover a small fraction of the operating costs, and most hotels along the route are empty.
Local communities say that despite government promises they have not seen any benefits. Census data and interviews with residents of towns near the line revealed that poverty is entrenched, and good-paying employment is hard to come by.
Residents in Vida y Esperanza – "Life and Hope", as it is known in English – just steps away from a railway maintenance depot had hoped that the train would bring about change.
Mary Sandra Peraza is a 30-year old mother of four.
The power lines for the train are almost directly above her home. She relies on a solar panel and generator that she rents to meet her family's needs.
She said, "There is no real benefit to us."
Peraza prepares breakfast in the small outdoor kitchen on a propane-powered hotplate before dawn. The village's only primary school is located a few meters from the depot, but it lacks grid electricity to power fans, computers, or even stable light.
Lidia Patricia Chan US, known to her 35 students simply as "Maestra Pati", has been trying for years to connect power.
The authorities have informed her that electricity cannot be installed before the land under the school has official titles. Red tape is common for rural plots such as this one, but the woman had hoped it would change with the arrival a mega-project that was supposed to spur progress and development.
Chan Us stated that "at first, when the project was introduced, we were very happy." She said that some residents sold food for construction workers. This was beneficial to the community. "But as soon as the construction was over, the food disappeared."
According to official statistics, in the state of Quintana Roo where Vida y Esperanza resides, the number of homes with electricity fell slightly over the construction period of the railway line, despite the fact that new substations to power the line were constructed.
The Mexican public education ministry and the defense ministry that oversee the operation of the state-owned company via which the train is operated did not respond when asked for comments.
MAYA HAS LONG LIVED WITH POVERTY
Former President Andres Manuel Lopez Obrador pushed the Mayan Train route, which connects cities and archeological sites in the Yucatan Peninsula. This was a way for him to help indigenous Maya communities develop and to spread tourism outside of?beach resorts such as Cancun.
Government data indicates that this development has yet to take place.
Quintana-Roo's economic growth grew by 13.2% in 2023 as a result of federal spending on the Mayan Train. However, this was a temporary boost due to construction. According to the latest statistics from the INEGI, the state's economy contracted by 9.7% in the first nine month of 2025.
Quintana Roo has reduced unemployment and increased formal hiring. However, about 60% of Yucatan workers are still in informal employment without any legal or social protection.
Mayas in Mexico's south-east have been marginalized for centuries. They face high poverty rates, and they are unable to access services.
Many community activists claim that while governments have for decades promised development, their forests have been fragmented. Their communal lands have also been eroded.
The government has pushed forward the project under the national security exemptions, despite legal challenges from environmental groups and Indigenous Communities.
The land is a sacred inheritance for many Maya. It is central to their identities and links them with their ancestors.
"I am outraged at the way they acted, because they did not take us into consideration," said Eliseo ek, 45, a Quintana Roo Indigenous activist who lives in the community of Nicolas Bravo.
EMPTY WORDS AND EMPTY TAPS
Nicolas Moreno Jimenez is a 50 year old beekeeper/farmer who lives in a modest concrete house near a train line. The tap in his modest concrete home does not work.
Lopez Obrador said that the chronic water shortages in the town would be addressed by the Adolfo Lopez Mateos Xpujil aqueduct he will inaugurate in January 2024.
How can we build such a large project as the Mayan Train without bringing in water? Lopez Obrador spoke at the event.
Moreno stated that the taps were still dry.
Moreno called the promises of the former President "empty words".
He brings water from another community by car every week so that his son, an university student, may bathe, wash the dishes, and flush toilets.
Data shows that 70% of Campeche's population has access to running water.
EMPTY SEATS and EMPTY Rooms
The train has also struggled to draw the desired interest.
Legal challenges, environmental rerouting, and land restrictions forced key segments to the interior and many stations were far from airports and city centers, making this a less viable option for tourists.
In November 2025 I visited three stations, all of which were largely empty. On a weekday trip between Bacalar and Chetumal, fewer than 40 seats out of 230 were occupied.
Lopez Obrador had projected that the train would carry 3 million passengers a year when it was finished. That number has since been reduced to 1.2 millions. The project budget has risen from $7 billion to over $25 billion. Revenue last year covered less than 13% operating costs.
Six Tren Maya Hotels have also been built along the train route. The Calakmul Reserve, which is surrounded by jungle and has two pools, offers modern amenities. One night in November the hotel was only 20% full, according to a staff member at the reception.
According to government data, these properties had an average monthly occupancy rate of between 5% and 24 % for most of the last year.
The agency of the defense ministry that operates the hotels did not respond to a comment request.
Claudia Sheinbaum, the current Mexican president, has refuted claims of a problem with 'the train' and called it a successful project. She regularly highlighted tourist packages in her daily press conferences and suggested that railway lines could be used to transport freight.
The hotels have been a particular blow to Moreno.
His family was displaced by the government decades ago, when it created the Calakmul Reserve. This UNESCO World Heritage Site is intended to protect the ruins and biodiversity of the once mighty Mayan Empire.
Moreno said, "We've been here since 1980." "They removed us 1993." Now they are building hotels in places where we cannot even stay.
Moreno said, "In press conferences, they always say that the poor are first." "But they take our rights." Reporting by Cassandra Garrison, Additional reporting by Daniel Becerril, Paola Chiomante and Daniel Wallis; Editing by Rosalba Brien and Daniel Wallis
(source: Reuters)