Ukraine

Airline tickets could become even more expensive, aviation execs warn

Airline tickets could become even more expensive, aviation execs warn

Air tickets may become more expensive — thanks to the lack of refining capacity and the financial state of airlines, said William Walsh, the director-general of the International Air Transport Association (IATA). The decline in refining capacity during the pandemic, and higher jet fuel prices caused by the increase in demand for fuel are “of …

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US dollar hits new 20-year high as Russia calls up reservists

London CNN Business — The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing 300,000 military reserves in an escalation of the war in Ukraine. In a televised national address Wednesday, President Vladimir Putin announced an immediate partial mobilization of Russian citizens and threatened to use “all the …

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General Mills, Stitch Fix, Beyond Meat and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. related investing …

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Ukraine war is ‘horror movie’

Ukraine war is ‘horror movie’ Ukrainian President Volodymyr Zelensky kickstarted the 79th Venice Film Festival Wednesday night with a powerful video cameo. During the opening ceremony, Zelensky asked for vocal help from the filmmakers and actors in attendance as intense fighting rages on since Russian President Vladimir Putin ordered a large-scale invasion on Feb. 24. …

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Russia’s energy influence over Europe ‘is nearly over’

Russia’s energy influence over Europe ‘is nearly over’ Germany is currently ahead of schedule in its race to fill underground gas storage facilities ahead of winter. Bloomberg | Bloomberg | Getty Images Europe’s dependence on Russian gas appears to be coming to an end, energy and political analysts say, potentially alleviating the risk of further …

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5 things to know before the stock market opens Thursday, September 1

5 things to know before the stock market opens Thursday, September 1 Cleveland Federal Reserve President and CEO Loretta Mester gives her keynote address at the 2014 Financial Stability Conference in Washington December 5, 2014. Gary Cameron | Reuters Here are the most important news items that investors need to start their trading day: 1. …

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Huge offshore wind farm Hornsea 2 is fully operational, Orsted says

Huge offshore wind farm Hornsea 2 is fully operational, Orsted says One of the turbines at the Hornsea 2 offshore wind farm. According to Danish energy firm Orsted, the facility has a capacity of more than 1.3 gigawatts. Orsted A facility described by Danish energy firm Orsted as the “world’s biggest offshore wind farm” is …

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Russia temporarily halts gas flows to Europe via Nord Stream 1

Russia temporarily halts gas flows to Europe via Nord Stream 1 Russia has drastically reduced gas supplies to Europe in recent weeks. Odd Andersen | Afp | Getty Images Russia’s state-owned energy giant Gazprom on Wednesday halted gas flows to Europe via a major pipeline, citing maintenance works on its only remaining compressor. It is …

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Low fuel inventories cause special concern in US Northeast

PORTLAND, Maine — Diesel and heating oil supplies in the Northeast are more than 50% below the recent average, raising concerns that an extreme weather event could cause supply disruptions, federal officials said. Fuel supplies are lower than normal across the country for a variety of reasons, including the war in Ukraine. But it’s the …

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Europe’s electricity prices hit record high as Russian supply cuts begin to bite

Issued on: 26/08/2022 – 19:22 European electricity prices soared to new records on Friday, presaging a bitter winter as Russia’s invasion of Ukraine inflicts economic pain across the continent. The year-ahead contract for German electricity reached 995 euros ($995) per megawatt hours while the French equivalent surged past 1,100 euros — a more than tenfold …

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