Airline Hedging Fails to Shield Carriers From Jet Fuel Price Spike

By admin March 12, 2026 No comment

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Airlines worldwide are struggling to cope with soaring jet fuel prices that have risen far faster than crude oil costs amid escalating Middle East tensions. Despite using hedging contracts to protect against oil price volatility, many carriers remain exposed because most hedges are tied to crude oil rather than refined jet fuel. The sharp increase […]

Italy’s Meloni Criticises U.S.-Israeli Strikes on Iran

By admin March 11, 2026 No comment

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Italian Prime Minister Giorgia Meloni on Wednesday strongly criticised the U.S.-Israeli air strikes on Iran, calling them part of a dangerous global trend of unilateral interventions “outside the scope of international law.” Speaking to parliament, Meloni highlighted growing instability in the international system and compared the Middle East conflict to Russia’s 2022

Zelensky Deploys Ukrainian Drone Teams to Middle East

By admin March 11, 2026 No comment

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Ukrainian President Volodymyr Zelensky has sent military and intelligence teams to Qatar, the United Arab Emirates, and Saudi Arabia to assist in defending against Iranian drones, following U.S. and Israeli air attacks. Zelensky highlighted Ukraine’s extensive experience in countering attack drones, built over four years of defending against Russian strikes, and emphasized

Pope Urges Prayers for Civilians in Iran War, Shows Solidarity with Lebanon

By admin March 11, 2026 No comment

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Pope Leo XIV on Wednesday expressed deep sorrow over the deaths of civilians, including children, in the ongoing Iran war and called on pilgrims in St. Peter’s Square to pray for peace across the Middle East. Highlighting the humanitarian toll, he emphasized the need to end violence that could escalate further, appealing repeatedly for calm […]

Six Killed After Bus Fire in Swiss Town of Kerzers

By admin March 11, 2026 No comment

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At least six people have died and several others were injured after a bus caught fire in the centre of Kerzers (Chiètres) in Fribourg Canton, western Switzerland, police said. The incident occurred around 18:25 local time on Tuesday, about 20km from the capital Bern. Emergency services rushed to the scene as the vehicle was engulfed […]

Large Evacuation in Dresden After Discovery of Unexploded WWII Bomb

By admin March 11, 2026 No comment

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Authorities in Dresden, Germany, are evacuating large parts of the city centre after a 250kg unexploded British World War Two bomb was discovered near the site of the Carola Bridge, which collapsed into the Elbe River in 2024. Officials say around 18,000 residents, tourists and commuters will be affected as emergency teams prepare to defuse […]

UN Probe: Russia’s Deportation of Ukrainian Children a Crime Against Humanity

By admin March 10, 2026 No comment

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A United Nations investigation has concluded that the deportation and transfer of Ukrainian children by Russian authorities since the 2022 invasion amounts to crimes against humanity. The report, prepared by the Independent International Commission of Inquiry on Ukraine, states that children have been specifically targeted, causing severe and lasting harm to their lives

Volkswagen to Cut 50,000 Jobs Amid Profit Drop

By admin March 10, 2026 No comment

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Volkswagen announced plans to cut 50,000 jobs across Germany by 2030, as post-tax profits fell by 44% in 2025, marking their lowest level since 2016. CEO Oliver Blume said the reductions will impact the entire group, including Audi and Porsche, and follow earlier agreements with unions to cut over 35,000 jobs in a socially responsible […]

EU Leader: Russia Gains from Middle East War

By admin March 10, 2026 No comment

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EU Council President Antonio Costa warned that Russia has emerged as the primary beneficiary of the ongoing Middle East conflict, profiting from soaring energy prices and reduced international attention on its war in Ukraine. Speaking to EU ambassadors in Brussels, Costa said Russia gains new resources to finance its operations in Ukraine while the diversion […]

Croatia Reintroduces Conscription as Hundreds of Teenagers Begin Military Training

By admin March 10, 2026 No comment

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Hundreds of teenagers in Croatia have begun compulsory military service after the government reinstated conscription for the first time since it was abolished in 2008. Around 800 recruits reported to army barracks across the country, where they received their equipment and accommodation assignments before starting two months of training. Officials said more than half of