Author: Steven Sahiounie

One of Egypt’s largest petrochemicals companies plans within a consortium to import US shale gas to address a shortage in natural gas supplies that forced several chemicals factories to temporarily shut down twice in June.

Coal accounts for a growing share of electricity generation in the Philippines and Indonesia, which are failing to ramp up renewables fast enough, a new report has warned.

Philippine carrier Cebu Pacific said Tuesday it will buy up to 152 Airbus planes worth $24 billion in a deal it described as the “largest aircraft order” in the country’s aviation history.

Federal prosecutors and victims’ families are waiting for Boeing to decide whether to accept a plea deal that would settle a criminal fraud charge accusing the aerospace giant of misleading regulators who approved the 737 Max jetliner before two of the planes crashed.

The eurozone’s annual rate of inflation cooled in June in line with analysts’ expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.

Lufthansa Group has halted night flights to and from Beirut until July 31 due to the situation in the Middle East, a spokesperson said on Monday.

Kiev could default on its enormous debts as early as next month if it fails to negotiate a restructuring deal with its creditors, The Economist reported on Sunday.

The World Bank’s annual national income rankings, released on Monday, showed that Russia has advanced from “upper middle” to “high” category on the strength of its economic growth.

UniCredit has appealed to the EU’s top court to clarify an order issued by the European Central Bank (ECB) for the Italian institution to reduce its presence in Russia.

Greece is trying to tackle shrinking productivity amid an exodus of skilled workers  The Greek government has allowed more businesses to impose a six-day working week on their employees in a bid to bolster the country’s struggling economy. Greece is the first member of the European Union to introduce the measure. Under the legislation, which entered into effect on July 1, the six-day scheme will be limited to private businesses providing services within 24 hours, as well as those experiencing an exceptional workload. Workers engaged in the food service and tourism sectors are exempt. Under the extended workweeks, employees in certain…