Russia plans to stop oil exports from Kazakhstan to Germany via the Druzhba pipeline from May 1, threatening a key refinery which supplies the vast majority of diesel, petrol and heating oil needed for the city of Berlin.
Oil from Russia bound for Hungary and Slovakia, via the Druzhba pipeline that first goes through Belarus and Ukraine, started flowing again on Wednesday after an interruption lasting months.
The Iran war is having a profound effect on the global aviation sector, with jet fuel shortages and surging prices wreaking havoc on flight routes. On Tuesday, April 21, Germany's largest carrier Lufthansa announced it had canceled 20,000 flights between May and October to try and save fuel.
Spirit Airlines planes parked at the closed George Bush Intercontinental Airport, Jan. 21, 2025, in Houston. David J. Phillip/AP hide caption toggle caption David J. Phillip/AP For the past few years, Spirit Airlines has been in trouble: It has filed for bankruptcy twice since late 2024 and had a merger with another airline blocked.
South Korean police said on Tuesday they have sought an arrest warrant for Bang Si-hyuk, chairman of the agency behind K-pop sensation BTS, over an investor fraud scheme. Bang is suspected of violating capital market laws by misleading early investors of the HYBE agency in 2019, police said.
imagedepotpro/Getty Images This article first appeared in the Planet Money newsletter. You can sign up here . This is Part 2 of the Planet Money newsletter's series on "monopsony power." The first story centered on the labor economics of the classic sci-fi horror movie Alien as an introduction to an extreme version of the concept.
3 things to know about Fed chair nominee Kevin Warsh Kevin Warsh speaks during the International Monetary Fund and World Bank spring meetings at the IMF headquarters in Washington, D.C., on April 25, 2025. Tierney L. Cross/Bloomberg via Getty Images hide caption toggle caption Tierney L.
Cuban President Miguel Diaz-Canel, center, attends a celebration marking the 65th anniversary of the proclamation declaring the Cuban Revolution socialist, in Havana, Cuba, Thursday, April 16, 2026. Ramon Espinosa/AP hide caption toggle caption Ramon Espinosa/AP HAVANA — Cuba's government on Monday confirmed that it had recently met with U.S.
In this photo illustration, The Onion website is displayed on a computer screen showing a satirical story titled "Here's Why I Decided To Buy 'InfoWars'" on Nov. 14, 2024, in Pasadena, Calif.
In the past few days, Spanish airline Iberia has resumed landing in Caracas, and American Airlines has also announced plans to return to Venezuela. Paraguay, meanwhile, is building support to reverse the suspension of Venezuela's membership in the South American trade bloc Mercosur.
Choked off shipping in the Strait of Hormuz isn't just grinding oil tankers to a halt. The Iran war is creating a one-two punch for the world's fertilizer supply, blocking both the export and one of its critical ingredients from leaving the Persian Gulf.
Gasoline and diesel have never been as expensive in Germany as they were this April. According to the website Clever Tanken, diesel prices rose above €2.43 (about $2.80) per liter on average across Germany's 100 largest cities, while Super E10 (unleaded gasoline with up to 10% ethanol) cost more than €2.18.