Lufthansa Warns of Lower Profit Amid Fuel Price Volatility

By admin August 4, 2026 No comment

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Lufthansa has warned that its operating profit could decline in 2026 as volatile fuel prices continue to weigh on earnings. The German airline said higher fuel costs linked to geopolitical tensions, including the U.S.-Iran conflict, caused its second-quarter operating profit to more than halve, prompting a weaker full-year outlook. The airline now expects adjusted EBIT

Rhine Hits Record Low as Europe’s Drought Deepens

By admin August 4, 2026 No comment

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The River Rhine has fallen to record low levels in parts of Germany and the Netherlands as prolonged heatwaves and drought continue to grip Europe. Other major rivers, including the Danube and Italy’s Po, have also recorded historically low water levels, raising concerns over transportation, agriculture, and industrial operations across the continent. The Rhine, one […]

Rio Tinto Rules Out Glencore Revival

By admin August 4, 2026 No comment

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Rio Tinto is not expected to restart takeover discussions with Glencore despite the expiry of a six-month standstill agreement under UK takeover rules. CEO Simon Trott remains focused on simplifying the company, reducing costs, selling non-core assets, and strengthening its core mining businesses rather than pursuing a major merger. Earlier this year, Rio evaluated a […]

Ceuta Struggles After Massive Migrant Border Crossing

By admin August 3, 2026 No comment

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Spain’s North African enclave of Ceuta is struggling to cope after a massive migrant surge last week, with local authorities estimating that between 3,000 and 5,000 people remain in the territory. Hundreds of migrants have set up makeshift camps on local beaches, while reception centres for adults and minors have exceeded capacity. Spain says around […]

Liechtenstein Hack Exposes Data of 31,000 Legal Entities

By admin August 3, 2026 No comment

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Liechtenstein has revealed that hackers illegally accessed and copied data from its register of beneficial owners, compromising information linked to around 31,000 companies, foundations, and trusts. The government said the cyberattack occurred during the night of July 29–30 before authorities detected unusual activity and took the affected system offline. The breached

Boris Nadezhdin Leaves Russia After Political Crackdown

By admin August 3, 2026 No comment

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Russian anti-war politician Boris Nadezhdin has announced that he is temporarily outside Russia after being labelled a “foreign agent” and barred from contesting the country’s upcoming parliamentary elections. In a video posted from Paris, with the Eiffel Tower in the background, Nadezhdin said he was “alive and free” and would share his

Euro Zone Factory Output Hits 4½-Year High Despite Weak Demand

By admin August 3, 2026 No comment

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Factory output across the euro zone grew at its fastest pace in nearly four and a half years in July, according to the latest S&P Global Manufacturing PMI survey. The headline manufacturing PMI rose to 51.9 from 51.4 in June, while the output index climbed to its highest level since March 2022, signalling continued expansion […]

AstraZeneca Holds Preliminary Merger Talks with Bristol Myers Squibb

By admin August 3, 2026 No comment

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AstraZeneca has reportedly held preliminary talks with Bristol Myers Squibb over a potential merger that could create one of the world’s largest pharmaceutical companies, with a combined market value of nearly $400 billion. According to a Reuters source, it remains unclear whether discussions are ongoing. AstraZeneca declined to comment, while Bristol Myers did not

Moscow Court Orders Arrest of Boris Nemtsov’s Daughter

By admin August 1, 2026 No comment

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A Moscow court has ordered the arrest in absentia of Zhanna Nemtsova, the daughter of slain Russian opposition leader Boris Nemtsov, over her involvement with an organisation that Russia has designated as “undesirable.” Nemtsova, who has lived outside Russia since 2015, co-founded the Germany-based Boris Nemtsov Foundation for Freedom, which was banned in

Spain Installs Floating Barrier After Deadly Ceuta Border Rush

By admin August 1, 2026 No comment

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Spain has begun installing a 500-metre floating barrier along the coast of its North African enclave of Ceuta after migrant crossings fell to nearly zero overnight. The move follows a massive border rush in which around 50,000 people crossed into Ceuta from Morocco, with authorities saying more than 48,000 were returned within 48 hours. The […]