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.
European Union gas storage facilities are about 70 per cent full, down from 82 per cent at the same time last year, according to Gas Infrastructure Europe.
Patrizia, a leading European real estate and infrastructure investment manager, has appointed Hassan Awada as the senior executive officer for Middle East and North Africa region. Awada brings over 20 years of experience advising institutional investors across the full investment lifecycle.
TotalEnergies Lubrifiants and Alltrucks have renewed their strategic cooperation agreement for a further three years across Europe, strengthening their long-standing collaboration in commercial vehicle maintenance.
Record-low Danube water levels forced thermal power plants across Central Europe to cut output or shut down in August, exposing vulnerabilities in heatwaves. Hungary’s Paks nuclear plant fell to 9% capacity, while Romania’s Cernavodă plant was fully shut down.
Abu Dhabi Future Energy Company– Masdar has signed two strategic agreements with European energy partners, strengthening its investment presence in Germany and supporting Europe’s energy transition, energy security and growing electricity needs.
Abu Dhabi-based Fertiglobe has joined hands with leading German groups Covestro, one of the world’s top manufacturers of polymer materials, and MB Energy, a leading supplier of high-tech polymer materials, to explore joint collaboration across the ammonia value chain in Europe.
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.
