Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
Category: Germany
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Lufthansa Cuts 20,000 Flights to Save Fuel Amid Iran War Price Surge
The New York Times – Business: -
Volkswagen to End E.V. Production at Tennessee Plant
The New York Times – Business:The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
The New York Times – Business:Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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Surging Energy Costs Put German Industry ‘Really in Danger’
The New York Times – Business: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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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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New Geothermal Technology Aims to Produce Clean Energy in Germany
The New York Times – Business:Developers are using a new geothermal technology in Germany to produce clean energy.
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How India Became One of the World’s Biggest Economies
The New York Times – Business:India has grown rapidly despite its slow industrialization, and its economy is now nearly as big as Japan’s.
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‘Great Freedom’: Film Traces Long Shadow of Anti-Gay Law in Germany
A new film traces the many decades it took to abolish Paragraph 175, a measure criminalizing sex between men that was strengthened by the Nazis.
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Poland’s Tourism Industry Is Helping Ukrainian Refugees
As Ukrainians flood into Poland, the travel industry has become part of an effort to supply transportation, accommodations and more to people fleeing the Russian invasion.
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‘Sound of Falling’ Review: A Fortress of Feminine Mysteries
This detour-heavy film moves across time periods to follow girlhood mischief, desire and abuse on a German farm.