Energy & Green Tech

To cool tomorrow's buildings, power sector must grow

Temperatures are rising. Eight of the warmest 10 recorded years of globally averaged temperature have occurred after 1998. Coupled with that increase is a growing demand for electricity to cool buildings. A new study published ...

Energy & Green Tech

Report: World demand for gasoline may never recover

The world's once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday from the International Energy Agency.

Business

Lufthansa reports net loss of 2.1 bn euros in Q1

German airline giant Lufthansa said Wednesday it will undergo "far-reaching" restructuring as it posted a first-quarter net loss of 2.1 billion euros ($2.3 billion) on Wednesday, hammered by the coronavirus pandemic.

Business

Trade turbulence pushes airline profits lower

Global trade tensions have sent airline profits into a descent, the industry's trade association said Wednesday, and while profitablity is expected to rebound next year it will unlikely match the level hit in 2018.