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.
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.
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.
