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Politics

Macron addresses energy crisis, warns of 'hybrid attacks'

President Emmanuel Macron said Friday that France would convene a G7 meeting dedicated to energy in the weeks to come as fuel prices soar amid the US-Iran war. Speaking to the press after a meeting with party leaders over the energy crisis and international security, Macron also said he had ordered measures to protect France's critical infrastructure from increasing Russian "hybrid attacks".

Politics

Macron convenes French party leaders as soaring energy prices put focus on wars in Iran and Ukraine

Haxie Meyers-Belkin is pleased to welcome Renaud Foucart, Senior Lecturer in Economics at Lancaster University’s Management School in the UK. According to Foucart, France’s energy and economic crises expose a deeper collision between economic constraints, political accountability and an approaching presidential election. He interprets Emmanuel Macron’s rare Élysée meeting with party leaders over soaring energy prices as both an exercise in presidential legacy-building and an attempt to force prospective successors to confront high energy costs, rising borrowing costs, limited fiscal room and t

World

US approves sale of F-35 fighter jets to Saudi Arabia

The United States has approved a $24.3 billion sale of 48 F-35 stealth warplanes to Saudi Arabia, the State Department said Thursday, the kingdom's latest major arms purchase since the start of the Iran war. Saudi Arabia has been repeatedly targeted with drone and missile strikes by Tehran's forces since the United States and Israel launched their war against Iran in February, and has also been hit by Yemen's Iran-backed Houthi rebels.

World

Why Germany's gas storage levels are so low

Germany's gas storage facilities are only 50% full as traders bet that wholesale prices will fall if the Iran war ends. With around three months until winter, DW asks whether the country can refill its reserves in time.

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World

Can Iran replace sea trade with land routes?

Iran is shifting trade toward northern ports and land routes as its southern shipping faces a US blockade. Analysts say the corridors can keep essential goods moving, but cannot replace maritime trade.

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World

French fishermen to end blockades over fuel prices

French fishermen have agreed to lift their blockades at fuel depots and ports including Nice, after talks with the government over financial aid. They say soaring fuel prices since the start of the war with Iran are pushing them to the brink. Also in the segment - India could be hit by fresh US tariffs if it keeps buying Russian oil, after US lawmakers approved a new sanctions package that ratchets up the economic pressure on Moscow and its trading partners.

World

‘We cried the whole way’: Refugees flee Yemen fighting

An estimated 125,000 people, including more than 57,000 children, have fled since hostilities erupted in July between the Iran-backed Houthi rebels, the Yemeni government and its ally Saudi Arabia, with the UN calling it one of the most rapid and volatile waves of displacement in Yemen in years. Thousands have even been making the dangerous crossing across the Bab el-Mandeb strait to Djibouti, many of them children, travelling in extreme heat, often without enough water.