Business

Germany’s tank discount shows only partial effect at pumps in first hours Germany’s two-month tank discount (Tankrabatt) began May 1, but initial price displays reflected only part of the cut …

U.S. tariffs on EU cars set at 25% in presidential announcement, industry warns of major fallout U.S. tariffs on EU cars announced by President Trump could reach 25%, risking heavy …

Germany agrees tenant protection for fossil heating costs in buildings overhaul Germany’s coalition proposes a 50-50 split of rising gas and oil heating operating costs, shielding tenants while keeping fossil …

Russia Halts Kazakh Oil Transit via Druschba Pipeline to Germany Starting May 1, 2026 Russia will stop transporting Kazakh crude through the Druschba pipeline to Germany from May 1, 2026, …

PCK refinery cuts throughput to 80% after Russia halts Druzhba crude transit Russia halted Druzhba transit on May 1, forcing the PCK refinery near Berlin to cut throughput to 80% …

RWE US investments face investor scrutiny as political risk looms over large-scale renewables push Shareholders scrutinize RWE US investments as political risk rises while the company now advances major renewables, …

Covestro warns of deepening supply shocks as oil nears $100 and Europe faces industry strain Covestro warns of supply shocks after Iran conflict as oil nears $100; CEO Steilemann details …

EU-Mercosur trade agreement provisionally enters into force, creating a 720 million-person market EU-Mercosur trade agreement provisionally enters into force on May 1, 2026, creating a market of about 720 million …

Total caps petrol price in France at €1.99 per litre amid record profits Total caps petrol at €1.99/l in France, cuts diesel on holidays and says falling oil costs will …