Business : Page 5

EU recorded trade deficit of €11.1 billion in aluminium

March 28, 2025 In 2024, the EU imported €29.5 billion worth of aluminium and related articles and exported €18.4 billion, resulting in a trade deficit of €11.1 billion.

Oil rig count increased to 593

March 21, 2025 U.S. energy firms this week added oil and natural gas rigs, Baker Hughes said.

Australian airports report record aeronautical revenues despite slower growth in passenger numbers

March 21, 2025 Australia’s four largest airports, Brisbane, Melbourne, Perth and Sydney, each reported their highest ever aeronautical revenues in 2023-24, the ACCC’s latest Airport Monitoring Report shows.

ACE Gabon to land Medusa subsea cable in Port-Gentil, Gabon

March 21, 2025 The telco, which is already part of the ACE subsea cable consortium, signed a construction and maintenance agreement with Medusa Africa to land the cable in the West African country.

Russia needs to produce about 200 planes by 2030 to replace foreign ones

March 21, 2025 Russia needs to produce at least 200 aircraft by 2030 to replace the aging foreign planes operated by Russian airlines, Rostec CEO Sergey Chemezov told journalists.

German gas reserves in storage facilities drop below 30%

March 21, 2025 Gas reserves in underground storage (UGS) facilities in Germany, the leading European country in terms of storage capacity, have dropped below 30%, according to data from Gas Infrastructure Europe (GIE).

Trans-Caspian Fiber Optic Cable Line connecting Europe and Asia in next phase

March 21, 2025 A document approving the agreement on the construction of the submarine fiber-optic communication lines along the seabed of the Caspian Sea was signed with the participation of the Prime Ministers of Azerbaijan and Kazakhstan, Ali Asadov and Olzhas Bektenov.

SHINES project to advance tidal energy in North-West Europe

March 21, 2025 The Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty (SHINES) project has launched, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany.

US oil and gas rig count stays unchanged, Baker Hughes says

March 14, 2025 U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged, Baker Hughes said.

EuroHPC JU selects new sites across Europe to host additional AI Factories

March 14, 2025 The EuroHPC Joint Undertaking (EuroHPC JU) has selected six new sites across Europe to host additional AI Factories, which are set to be deployed next year in Austria, Bulgaria, France, Germany, Poland, and Slovenia.

Hungary to build world’s longest undersea power line with four partner countries

March 14, 2025 Hungary and four partner nations are working on what could become Europe\'s largest green energy project to boost regional energy security and lower costs, Hungarian Foreign Minister Peter Szijjarto said.

U.S. drillers cut oil and gas rigs to 592

March 7, 2025 U.S. energy firms this week cut the number of oil and natural gas rigs, Baker Hughes said.