The European Commission has introduced a set of initiatives aimed at speeding up the growth of high-speed rail services and boosting investment in renewable and low-carbon fuels for air and water transport. According to an EC press release, the program seeks to cut the train travel time from Berlin to Copenhagen from seven hours to four hours by 2040, and from Athens to Sofia from thirteen hours...

The current federal government shutdown may cost the US economy up to $14 billion, depending on how long it lasts, as reported by the Congressional Budget Office (CBO). The government shutdown in the US has now lasted five weeks, starting on October 1. The CBO predicts that by the end of 2026, the shutdown will lead to economic losses of at least $7 billion, mainly because federal workers are...

Japan's Honda Motor Co. has stopped making cars in Mexico because of a shortage of semiconductors, according to a report by Nikkei, which cited sources. The problem started because of a disagreement involving the Dutch company Nexperia, which was added to the US Department of Commerce's sanctions list. Nexperia has been owned by China's Wingtech Technologies since 2019, and Wingtech was placed...

The Multi Commodity Exchange of India (MCX), which is the largest commodity exchange in the country, experienced its longest ever trading halt on Tuesday because of a technical problem. Trading on MCX restarted more than four hours later than usual once the exchange successfully switched to its backup emergency systems. According to a statement from MCX, all trading systems are now functioning...

American Westinghouse Electric, Brookfield Asset Management, and Canada's Cameco have announced a partnership with the U.S. government to construct nuclear reactors in the country, with a total value of at least $80 billion, as stated in the company release. No specific construction timeline was provided. The reactors will be built using Westinghouse technology and are expected to support the...

The U.S. government may not be able to release the consumer price data for October because of the ongoing government shutdown, according to the White House. The shutdown has caused a suspension of funding, which stops the data producers from working. This situation "deprives us of critical information," as stated by the White House in a post on the social media platform X. The statement also...

Brazil has auctioned five of seven available blocks to major firms, such as Petrobras and Equinor ASA, indicating a revived interest in deepwater exploration along the nation's southern coast, despite low oil prices, according to Bloomberg's report. The auction produced a few unexpected results: Karoon Energy Ltd., based in Melbourne, secured the Esmeralda block outright. Chinese oil companies...

Stocks of firms engaged in rare earth metals are surging significantly due to the US-China export control conflict, reports the Financial Times, referencing trade statistics. The newspaper highlights that investors are hastening to invest in this sector as Donald Trump seeks to diminish Beijing's dominance over critical metal supplies, thereby revitalizing the sluggish industry. According to...

In September, consumer prices in the Eurozone rose by 2.2% compared to the previous year, as per final figures from Eurostat, the statistical office of the European Union. This indicates a rise in inflation relative to August, when it stood at 2%. Initial estimates also suggested a 2.2% rise. Trading Economics reported that analysts did not anticipate a downward revision of this estimate....