Worldwide air cargo tonnages increased in August 5% compared to the same month last year, while volumes from Hong Kong to Europe have fallen -30% and dropped -24% below their level in June.
Europe is on track for a record year in wind power installations after adding 8.8 gigawatts (GW) of new capacity in the first half of 2026, a 30 per cent increase compared with the same period last year, according to WindEurope.
Global air cargo rates fell in July as the conflict involving Iran pushed up jet fuel costs and disrupted supply chains, while new European Union import rules further weakened shipments from China and Hong Kong to Europe, according to WorldACD Market Data.
Global chemical leader Saudi Basic Industries Corporation (Sabic) has announced that it has completed the sale of its engineering thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co, thus marking a key step in its portfolio optimisation strategy.
Europe is entering an offshore wind “supremacy phase” as governments move from ambitious targets to project delivery, securing multi-gigawatt development pipelines through redesigned auctions, stronger revenue protections and faster permitting, according to GlobalData.
Europe remains the world’s leading leisure travel destination, accounting for around $2 trillion, or one-third, of global leisure travel spending in 2025, according to new 2026 Economic Impact Research (EIR) data from the World Travel & Tourism Council (WTTC), sponsored by Chase Travel.
Equinor has signed a three-year agreement with Poland’s Orlen to supply crude oil from the Johan Sverdrup field, strengthening Norway’s role in Europe’s energy security.
Companies in the Europe, Middle East and Africa (EMEA) region are overhauling their data infrastructure to keep pace with the rapid adoption of AI, with 98% saying they delayed or cancelled an AI project in the past year because of data governance and compliance, said a recent survey.
Global airfreight volumes declined in the first full week of August after a mild rally the previous week, with chargeable weight sinking from all origins, said a report. The Middle East was among the weakest-performing markets, along with South Asia, with volumes down 6pc in the first full week of August.
Europe’s push to secure critical raw material supplies is renewing focus on exploration and diversified resources, as Pulsar Helium advances its Tunu Project in East Greenland amid growing supply-chain concerns.
