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Honda warns of $16bn hit on its pivot away from EVs

Honda has warned it expects a huge hit to its finances because of a major reorientation of its electric vehicle (EV) strategy.  Japan's second-largest carmaker tried to lead the charge on electric motoring but it says that US policy changes and tariffs, coupled with reduced competitiveness in Asia, are forcing it to adjust.  German performance

Elon Musk’s Tesla experiment: Unchecked ambition costs lives

Elon Musk, who this week topped Forbes' Billionaires list for the second year in a row, is on course to become the world's first trillionaire. On top of his extreme wealth, Musk is bound to remain in the spotlight due to his polarizing views, including his active support for Germany's far-right Alternative for Germany party. His Tesla

WAFCON 2026: A ‘combination of factors’ behind postponement

The 2026 Women's Africa Cup of Nations (WAFCON) was originally due to kick off on March 17, with 16 nations from all over the continent set to compete in Morocco. But just 12 days before the opening game, the Confederation of African Football (CAF), postponed its biggest women's football tournament until July. In a statement, the body

Lufthansa pilots stage another strike

Skip next section German tourist arrested over unpaid €6,000 Mallorca hotel bill March 12, 2026 German tourist arrested over unpaid €6,000 Mallorca hotel bill A German tourist who vanished without paying a large hotel bill or returning his rental car in Mallorca has been arrested in Barcelona, police said on Thurday, apparently as he tried

Polish firms eye German and US assets as economy booms

It was with obvious pride that Poland's Prime Minister Donald Tusk took to social media on February 6. Sharing a picture of an article in the German newspaper Frankfurter Allgemeine Zeitung titled "The Poles Are Coming," he wrote, "See how this phrase has changed over the past 30 years. The German press reports that our companies are

Trump’s arch plan and the history of gateways

It was an idea US President Donald Trump first floated in October last year: a triumphal arch in Washington, DC to mark the 250th anniversary of the US Declaration of Independence on July 4. Speaking to donors at a White House dinner, he revealed several scale models, inspired by Paris' Arc de Triomphe — earning the project

Germany won’t return to nuclear power, chancellor says

At a nuclear summit near Paris earlier this week, European Commission President Ursula von der Leyen described the transition from nuclear energy undertaken by some EU countries as a "strategic mistake." Nuclear power, she said, is a "reliable, affordable source of low-emission electricity."  She announced new EU financial assistance for nuclear power plants. Von der Leyen's words

Germany, others partially release oil reserves amid Iran war

Coordinated efforts to keep oil prices and fuel prices at filling stations in check began to emerge on Wednesday in Germany and elsewhere. The moves come amid the fast-rising prices caused by the attacks on Iran and wider conflict in the region.  "The oil market challenges we are facing are unprecedented in scale, therefore I am

World Cup 2026: Jordan fans frustrated by US visa hurdles

The closure of the US Embassy in Jordan has heightened the frustrations of Jordanian football fans hoping to see their team make their World Cup debut in three months' time. While the US-Israeli and Iranian attacks that caused its shuttering on Friday dominate headlines and thoughts, fans looking forward to an escape are left in the

How renewable energy shields countries from oil price shocks

Countries that generate more of their power from wind, solar and other renewable sources are better protected from global energy shocks, experts say, as the escalating conflict in the Middle East rattles global markets. The war has widened since the US and Israel launched strikes on Iran more than 10 days ago. Critical infrastructure in the region has
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