One of the few paths left between the two continents threads through Azerbaijan, Georgia and Turkey, as global conflicts complicate aviation logistics.
Category: Europe
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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Oil Tops $106 a Barrel as Worries Persist About Global Supplies
As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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War in Iran Has Grounded Gulf Airlines Like Emirates
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
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Surging Energy Costs Put German Industry ‘Really in Danger’
Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Oil Prices Barely Budge After Trump Lifts Russia Sanctions
After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Wayve, an A.I. Driverless Car Start-Up in Europe, Raises $1.2 Billion
The London-based company is building a system that uses artificial intelligence to power autonomous vehicles.