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European industry faces shrink or shut decisions on energy pain

Astora gmbh natural gas storage in germany

Bloomberg Europe’s biggest industrial firms have been banking on spring to bring down soaring energy costs. Those hopes faded this week as Russian tanks rolled into Ukraine. Smelters and chemical factories across Europe were already struggling before the invasion sparked another jump in gas and electricity prices. Now, a growing list of companies including Europe’s biggest chemicals maker BASF SE ...

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Putin can win the battle in Kyiv, but not the war

Russian invasion of ukraine

Kyiv’s residents have watched shells rain down on the city these past days as they did in 1941, then at the start of a brutal war in which Ukraine endured unthinkable suffering. As images circulate of families huddled in basements and in the city’s subway for safety while rocket strikes light up the sky, it’s hard not to make the ...

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Aerospace sector and its supply issues

Singapore airshow 2018

The US aerospace industry’s supply chain and labour challenges are most likely just beginning. Raytheon Technologies Corp said that it would ship 70 fewer jet engines than planned to Airbus SE in the first quarter because of bottlenecks at casting suppliers, resulting in weaker revenue growth in the period. General Electric Co has said that issues with material and labor ...

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