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Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Kuwait's energy firm,?Q8, will cap the price of Italian petrol at the pump for a month beginning October 1. This follows similar commitments by Italy's Eni as well as?Azerbaijan SOCAR. Market analysts have interpreted the moves as an attempt to curry favor with Rome's government and discourage it from imposing windfall taxes on energy company profits. This was something that Economy Minister Giancarlo Giorgetti, and other prominent politicians had proposed. Giorgia Melons is scrambling for resources to help families, firms and businesses cope with the rising energy costs. She's preparing to present her government's budget 2027 in October. It will be her last presentation before an upcoming election next year. Q8. Italy said in a press release that its cap would generate "tangible" benefits for motorists but didn't specify the price. Meloni, in a press release, said: "I'd like to thank Kuwait as well as the group operating the Q8 stations that operate in Italy for listening to the Italian government's request to energy companies about capping fuel prices." SOCAR and Eni have capped diesel prices at EUR2.19 ($2.48) a litre since Monday, while petrol is priced at EUR1.99 per litre. Equita and Intermonte, two brokers who provide brokerage services to energy companies and their clients, wrote in client reports that this initiative would reduce the risk of new taxation on windfall profits. Germany, Spain Portugal, Italy and Poland are calling for a windfall tax to be imposed on energy companies across the EU. They warn that oil prices are rising at a rapid rate, fueling voter unrest over the cost of living. Giorgetti is not ruling out the introduction of a domestic windfall-tax rather than waiting on a joint initiative. The National?Consumers' Union of Italy welcomed Q8's decision, stating that about half of Italy’s network of fuel stations will now be imposing price caps. The consumer group stated that the challenge is to "prevent the abuse" of dominant market positions, and to ensure that independent fuel stations are not squeezed out or forced to shut down. According to data from the industry ministry, price caps have had little impact on lowering fuel prices. The self-service price for petrol was EUR2.126 per 1 litre, down from EUR2.159 the previous day. Diesel prices were also slightly lower, at EUR2.335, compared to EUR2.377. The price of petrol on the motorway network was EUR2.180 and diesel EUR2.383.
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TSA officers are not allowed to sit down during ID checks in US airports
The US Transportation Security Administration and a major US airport union announced on Tuesday that officers of the US Transportation Security Administration will not be able to'sit while checking IDs' at uS airport checkpoints. The TSA has removed chairs from checkpoints. According to the American Federation of Government Employees TSA Council 100 which represents workers, the removal is "a disregard for workers' safety and rights" and the chairs are "basic ergonomic and safety support to officers who stand and walk all day on hard surfaces." TSA announced the decision and said: "This welcome shift reinforces our security posture as well as?our commitment towards hospitality by keeping these officers alert and on their toes." To perform their vital role in national security, all officers must meet the fitness for duty requirements. In April, President Donald Trump proposed cutting 9,400 employees and just over $1.5 billion or about 20% from the budget of the TSA, which has 60,000 employees. Trump has also proposed that smaller airports use private security. This would reduce the TSA's payroll by over 4,500 jobs, and is a step towards privatizing the agency, which was created in the wake of the September 11, 2001 attacks. Since years, about 20 airports have used private security screening, including those located in San Francisco and Kansas City, as well as Sarasota (Florida) and San Francisco. The US Senate voted in August to 'confirm' David Cummins as the new head of TSA. Cummins is a senior Vice President at Serco, an international company based in UK that provides public services to governments. Trump fired TSA chief David Pekoske in 2025 on his first day in office and didn't nominate a successor for 16 months. The government shutdown forced 50,000 TSA workers to work without pay for six weeks. This caused major disruptions including four-hour or longer airport security lines. CNN announced the new security procedures on Tuesday.
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Pentagon: Boeing has won the contract for next-generation US Navy fighters.
The Pentagon announced on Tuesday that Boeing had been selected to build the US Navy’s next-generation stealth fighter. This is Boeing’s second consecutive major victory in fighter jets, and it caps months of delays over a program which is crucial to countering China’s presence in the Pacific. Boeing won the $20 billion contract for test aircraft from Northrop Grumman Corp. Over the course of its life, the program's cost could reach hundreds of billions as production ramps-up and international customers place orders. Boeing won a contract to build the Air Force’s stealthy F-47 fighter in March of last year, making it its second major sixth-generation aircraft contract in consecutive years. Boeing's long-standing history of building carrier-based fighters, such as the F/A-18E/F Super Hornet it is replacing, made the company a strong competitor throughout the competition. This pedigree was a factor in overcoming concerns raised by officials about Boeing's ability to field enough engineers and vendors to build both the F-47 fighter and Navy fighter at the same time. Boeing shares rose?2.25% on Tuesday in extended trading, while Northrop stocks fell 3.5%. ST. LOUIS BUSINESS BOOST This contract represents a significant boost for Boeing's fighter-production operations in St. Louis (Missouri), which are closing down the F/A-18E/F Super Hornet, and EA-18G Growler, production lines. Steve Parker, Boeing Defense, Space & Security's president and chief executive, stated in a press release that the company had made "investments in new facilities uniquely suited for building multiple products with next generation capabilities. Our dedicated and talented team are ready to execute this crucial program." The new jet, currently designated "F/A-XX", will be at the heart of the Navy’s Next Generation Air Dominance system family. Michael Duffey said that the jet was "a critical, non-negotiable, investment in America's long-term air combat capabilities and national security." Delays and Congressional Intervention Despite this, the program has faced delays and funding disputes over many years. Pentagon officials wanted to delay the program by three years, citing concerns about engineering and supply chain capacity. Congress intervened and allocated $750 million in the 2025 tax cut?and spending bill and $1.4 billion in fiscal 2026. Lockheed Martin Corp. was eliminated from competition in March 2025, after Navy officials determined that its design did not meet required criteria. Boeing and Northrop were the two finalists. China is rapidly developing advanced combat aircraft including what Beijing calls sixth-generation designs. The Navy was under pressure to move quickly or risk not having a modern fighter carrier in the 2030s. The new jet will feature improved stealth capabilities and range, as well as the ability to integrate with the Navy's carrier-based systems for air defense. The Navy plans to purchase?more then 270 Lockheed Martin F-35C aircraft for its carrier fleet. These will fly along with the F/A-XX when it is in service. The first production F/A-XX aircraft are expected in 2030s. Meanwhile, the Super Hornets in service since 1990s will continue to fly until 2040.
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Smoke in the cabin causes emergency landing of a Boston bound Delta flight in Portugal
Delta Airlines reported that a flight from Barcelona to Boston made an emergency landing in Porto, Portugal on Sunday afternoon. The company reported that Flight DL251 had been diverted from Barcelona to Porto due to a mechanical problem and landed safely there. Flightradar24, a tracking service, indicated that the plane left Barcelona at 3:15 pm (1315 GMT), and landed in Porto at 5 p.m. (1645 GMT). A spokesperson for Portugal's emergency and civil protection authority said that eight passengers who were on board the Airbus A330 were treated at the Francisco Sa Carneiro Airport, while three others were transported to hospital. The Portuguese spokesperson said that the forced landing was due to "smoke" in the cabin.
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Increased security at US Fairford Air Base in England
A witness said that security measures at an 'US airbase in southwest England have increased significantly in the last few days, with roadblocks and armed police blocking access, as well as emergency vehicles parked near. A spokesperson from the US Air Force confirmed that they are aware of the current reports but will not discuss specific measures to protect forces. The spokesperson stated that "the 501st combat support wing and our UK-based Wings will remain vigilant and take appropriate actions to ensure safety and security for?our US servicemen, civilians and contractors, as well as their families." "We continually assess a number of factors to determine which measures we implement?or change in order to protect our installations and our people, as well as their families." Britain declared?in July that its armed forces were ready to protect the country against any attack, after Iran's Revolutionary Guards warned not to allow US bombers fly out of Fairford. Fairford in Gloucestershire was used to launch operations against Iran during the Middle East Conflict.
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Boeing flags 737 MAX Software Bug Affecting Landing Navigation Feature, WSJ Reports
The Wall Street Journal, citing documents from the company, reported that Boeing has discovered a previously unknown software bug in its 737 MAX aircraft. This glitch could cause an automated navigation 'feature' to fail on landing. Report said that the issue was caused by a software update in the cockpit and could occur when crews change their flight plan after a missed landing. Boeing, when asked for comment, said that it had informed 'all 737 operators' last month of the software problem under which pilots could not?have access to automated flight guidance in a certain landing scenario. Our engineers are working on a software update to 'permanently address the issue. Boeing stated in an email that engineers were working on a permanent software update. The Federal Aviation Administration (FAA) said that it was aware of a possible issue with a software update to the flight computers in certain Boeing 737 MAX aircrafts, and worked closely with Boeing as well as the airlines. The FAA issued a statement saying that it would convene a Corrective Action Review Board if a safety concern was identified. Boeing has come under heavy regulatory and safety scrutiny over the past few years, following two 'fatal 737 MAX crash incidents in 2018 and 2019, which led to a 'worldwide grounding of the aircraft. Also after a cabin panel blew out mid-air on a brand new Alaska Airlines MAX 9 in 2018. Southwest Airlines and 'United Airlines' have requested that Boeing not deliver new 737 MAX aircraft with the affected software, and instead request an earlier version. The report stated that it was not immediately clear how many aircraft were operating with the flawed software. Boeing, airlines, and regulators are evaluating the issue to determine if it poses a safety concern for flight, according to the report.
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Russia claims it has struck Ukrainian defence industry vessels and facilities
On Friday, the Russian Defence Ministry said that 'its forces' had carried out drone strikes overnight on Ukrainian defence industry installations, logistic centres and vessels used in Ukraine by its armed forces. The 'Ministry' said that the strikes targeted a 'drone assembly and storage site, in the Kyiv region; logistics hubs in Odesa and port infrastructure in Reni along the Danube River. It was also reported that Russian forces had struck a cargo vessel carrying dual-use and military goods bound for the port of Odesa. Later, on Friday, the ministry announced that its forces had hit another cargo ship?in Odesa that was delivering a?logistics centre?to the port Chornomorsk. This centre is used by Ukraine's armed forces and security forces. It also houses a data center for the?processing of intelligence data and the transmission of it. Could not independently verify statements.
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Volkswagen recalls 4 million cars, Handelsblatt reports
The Handelsblatt reported that Volkswagen, the German automaker, will recall 4 million vehicles from four different brands. This is the largest recall since the Dieselgate scandal. According to the German KBA, there will be a recall of 2.16 million VW and 700,000 Audi vehicles. The Handelsblatt reported that Volkswagen's Czech?brand Skoda, and Seat in Spain would also be affected by the action. Seat confirmed that the number. Skoda has not yet commented on the report. Volkswagen stated in an earlier press release that customers were asked to bring their vehicles to be repaired due to a?risk of corrosion associated with a screw within the steering system. If left unchecked this could affect the steering system's function in the long run. The company said that the recall is a precautionary measure, and that replacing the screw will take less than an hour. Volkswagen refused to comment on the cost estimate of the recalls.
Armenians are increasingly worried about war with Azerbaijan due to escalating ceasefire violations
Khnatsakh residents are anxious at nightfall.
Locals claim that every evening, around 10 pm, Azerbaijani soldiers fire into the night skies from their positions high above.
Villagers say that bullets have been hitting houses regularly, but no one has been injured so far. Azerbaijan has denied that its troops are firing across the border and accused Armenian forces of violating ceasefire.
Karo Andranyan (66), a retired mechanic, said, "It is very tense at home because we have children, little ones and elderly."
Azerbaijani flags and a military position on a hillside are only 100 metres away from his door. This is a reminder that Armenia's bitter enemy is close by. Since the early 1990s, the heavily militarized 1,000-km border is closed.
Two major wars have been fought in the last 40 years. This has destabilised the Caucasus, a region which is important for Russia, Iran, and Turkey because it contains major oil and natural gas pipelines towards Europe.
Experts say that the rising tensions along the border increase the likelihood of a new conflict between Armenia and Azerbaijan, as the two countries approach a crucial juncture in their tortuous peace process.
In March, both sides announced that they had reached an agreement on the outline of a treaty of peace to be signed by 2026. This raised hopes for reconciliation. The draft envisages both sides delineating their shared borders, but requires Armenia to amend the constitution before Azerbaijan can ratify the deal.
After months of relative calm, the reports of ceasefire breaches along the border are now soaring.
Andranyan believes the gunfire at night is meant to intimidate both the local villagers and the small garrison Armenian troops that are stationed in the village. He said that the village, which according to census data had 1,000 residents, was emptying because locals were afraid of a return to war.
What are we to do?
Despite the fact that there has been no death on the border in over a year, cross-border gunfire is reported frequently. Azerbaijan has made the majority of accusations against Armenia since March. These include cross-border gunfire, and damage to property.
Both sides have denied claims of ceasefire violation.
Since 2020, the simmering conflict has decisively shifted in Azerbaijan’s favor. The oil and gas producer regained territory lost during the 1990s. It also progressively reestablished control over Nagorno Karabakh where ethnic Armenians established de facto autonomy since the collapse the Soviet Union. It retook Karabakh in 2023, causing 100,000 ethnic Armenians from the region to flee to Armenia.
Marco Rubio, the U.S. secretary of state, told a hearing of Congress last month that there was "a real risk" of war. He stated that the U.S. wished Azerbaijan to "accept a peace accord that doesn't cause them to invade a neighboring nation, Armenia."
Azerbaijani president Ilham Aliyev has been in power since 2003. He said that in January, Armenia was a "fascist menace" that must be eliminated.
Laurence Broers is an expert in Armenia and Azerbaijan from London's Chatham House. He said that a full-scale conflict was possible but more localised clashes are more likely.
He said Azerbaijan's population, which is 10 million, is three times that of Armenia. It has little incentive to sign a peace agreement quickly and could instead use smaller scale escalation to force its neighbor to make further concessions during the talks.
Ilham Aliyev's strategy of escalation and militarization was a great success, he said.
The Armenian authorities have insisted that there will not be a war. Nikol Pashinyan, the Prime Minister of Armenia, said in a speech delivered last month that "despite all arguments and all provocations", the two countries will not fight again.
Azerbaijan’s Foreign Ministry responded to questions regarding the tensions along its border by referring to previous comments.
In a May statement, Baku said it was committed to peace and had no territorial claims against Armenia. In a statement in May, it said that Yerevan’s actions "call Armenia’s commitment to peace into question".
The Azerbaijani Defence Ministry has denied Armenian reports that cross-border gunfire had taken place.
Tensions in the South
The conflict is centered in Armenia's southernmost region of Syunik, where the majority of ceasefire violations have been reported.
Syunik divides Azerbaijan's main body to the east and the Azerbaijani enclave of Nakhchivan in the west. It is also a crucial trade route between Armenia and Iran, with which it shares a border to the south.
Azerbaijan demands that Armenia build a route through Syunik and Nakhchivan since 2020. Baku said the passage would be Armenian territory, but with minimal control from Yerevan.
Azerbaijani officials also claim that the southern part of Armenia was historically Azerbaijani land, but they haven't made a formal territorial claim.
Armenia has closed its border with Azerbaijan and its frontier with Turkey, a close ally to Baku. This makes its border with Iran the lifeline of trade. Syunik's corridor could cut off the country's access to its remote mountainous border.
Armenia and Iran share a warm relationship, despite Armenia’s Christian faith and its increasingly pro-Western orientation. Iran was Armenia's largest importer in 2022. Tehran's Defence Minister visited Yerevan in May. Iranian media reported that he expressed Iran's opposition against redrawing borderlines in the region.
Armenia's tensions with its traditional ally Russia are a major problem. Russia opposes Armenian efforts to move closer to the west and has strengthened its ties with Azerbaijan.
"Armenia has open borders with Georgia and Iran. "This keeps the country moving," said Tigran Grizaryan, director at the Regional Centre for Democracy and Security, a think tank in Yerevan.
Grigoryan stated that Azerbaijani demands for the corridor may be the spark to future military escalation. He said that the ceasefire violation could be an attempt to force Armenia to make concessions over the issue.
He said: "If Armenia lost its border with Iran that would be a disaster."
Requests for comments from the Iranian and Russian Foreign Ministries were not answered.
The Iranian connection is evident throughout Armenia's south.
Iranian road workers work to widen a mountainside road that is clogged by lorries coming from the south, headed north toward Georgia and Russia.
Some locals are selling red wine in plastic bottles to newly-arrived truckers from Iran where alcohol is prohibited.
Meghri is the historic town at the southernmost point of Armenia, and the gateway to Iran.
Bagrat Zakaryan, Bagrat's deputy mayor, said that the town, which is only 16 km from Azerbaijan and has a population of 4,000, had its everyday life overshadowed due to tensions with Baku.
He said that "given the recent events of Karabakh and what President Azerbaijan says, there's this feeling of terror."
Opportunity for Peace
Some people are more optimistic than others about the prospects of peace.
Armen Davtyan, who was deputy director at Meghri railway station from 1993 to 1993, sat on a crossroads that connected Yerevan with Baku and Iran with the Soviet Union until its dissolution in 1991.
After the Karabakh War of 1988-1994 and the closing of the border, Davtyan began working as a borderguard.
A derelict train with an emblazoned Soviet emblem lingers in the parking lot of the station, just metres away from the Iranian border.
Davtyan said that he remembered fondly the days before the war, when Armenians worked with Azerbaijanis on the railways. He hopes to see cross-border trains again arrive at Meghri Station one day.
He said: "I understand that some people fear that the Azerbaijanis may return if the rail reopens."
"But if people in 2025 are still afraid of us opening up transport links, that seems a bit absurd." (Reporting and editing by Daniel Flynn; Felix Light)
(source: Reuters)