Germany's SEFE to Announce 10-Year Deal For Gas From Azerbaijan
The agreement, which begins immediately, allows the German trading company to buy as much as 15 terawatt-hours of gas per year, the people said, speaking on condition of anonymity. That's equivalent to about 1.5 billion cubic meters per year. The gas is likely to reach Europe via the Trans Adriatic Pipeline, two of the people said. TAP, crosses Northern Greece, Albania and the Adriatic Sea before coming ashore in southern Italy.
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Skift
an hour ago
- Skift
Tariff Turmoil Hits Events Industry: Planners Fear Higher Costs
President Donald Trump drew a line in the sand on Saturday, threatening 30% tariffs on August 1 on products from Mexico and the EU. Planners say this will only compound the effects tariffs are already having on all aspects of events. President Trump is threatening to impose 30% tariffs on goods from Mexico and the European Union on August 1, and the fallout is already being felt across the events industry. Meeting planners say rising costs, supplier confusion, and ongoing supply chain disruptions tied to the tariff rollercoaster are making it harder to plan and execute events. Tim Barrett, senior director, global meetings at Destination South, summed up the current state of confusion being felt by many planners: 'It's chaotic, especially the whiplash of one day to the next and the differing totals and/or start dates.' The impact is being felt across the entire supply chain, from the associations and corporations hosting the meetings, to the independent planners they hire, all the way down to the suppliers they use, such as DMCs, exhibitor services firms, and AV companies. On the merchandise side of the business, tariffs on Chinese goods have upended the promotional products industry. The Promotional Products Association International reports that 78% of its top 100 suppliers have raised product pricing to protect margins and 70% are shifting sourcing away from China. Tariffs on imported steel, aluminum, and lumber are already driving up costs for exhibition booths, stages, and other essential event infrastructure. Audiovisual equipment prices are climbing as well, since many components come from affected countries. As tariffs drive up costs, companies may look elsewhere to exhibit, said Kai Hattendorf, CEO of HTF Business Events Expertise and the former CEO of UFI, the Global Association of the Exhibition Industry. He predicts that trade shows in the U.S. might have to rely more on their domestic exhibitor bases as foreign businesses scale back their participation at U.S. events. A Critical Concern Cost increases as a result of tariffs are hitting event budgets hard at a time when planners have already been navigating rising costs due to inflation. Skift Meetings' 2025 survey of 103 meeting professionals found that rising costs are plaguing the vast majority of planners: When asked about the main concerns impacting their jobs right now, 90% said potential cost increases and 66% said potential recession. A full 82% said they expect event costs to increase in 2025–2026 because of the tariffs. Incentive planners are finding ways to increase the perceived value of the incentive experience without increasing hard costs, by focusing on things like access and status. Offering attendees priority seating at an event, first access to redeem their reward, or a meet-and-greet with a musician or entertainer can add value to the experience at little or no cost. Meeting industry lawyer Paul Cataudella, principal attorney, Cataudella Law, says planners signing hotel contracts right now have two options: Remaining silent until it becomes necessary, then addressing it in the event of a dispute, or including language that attempts to arrive at a mutually agreeable or mutually beneficial outcome in the event that a particular tariff is imposed. 'This is where it gets really sticky because the language regarding tariffs requires a heightened level of specificity: Someone could say that a tariff was imposed, and that therefore the cost is 20% higher — but is it? Are those goods actually being imported by your suppliers or your subcontractors? Are they subject to tariffs, such that it causes an increase in that program element?'
CNET
an hour ago
- CNET
These Stylish Bluetooth Headphones With Unbelievable Battery Life Are Still Cheaper Than Ever After Prime Day
Amazon Prime Day discount still available: Marshall's Major V headphones are worth it even at full price, but right now they're at an all-time low price of $100 -- or around 38% off. Move quickly though, because with Prime Day done and dusted, who knows how long this price will stick around. I might not be a true battle-tested headphone expert like CNET's David Carnoy, but I still love headphones and I'm confident in what I like about them. My most recent pickup, the Marshall Major V on-ear Bluetooth headphones, quickly became a pair that I adore. What is Marshall? Marshall is a British audio hardware company that got its start back in the early '60s and became renowned for producing amps and speakers for live music performances. More recently, it's made a mark in consumer audio, producing home speakers with a distinctly rock 'n' roll aesthetic -- think rough-patterned black leather materials, gold trim and prominent physical buttons. Hey, did you know? CNET Deals texts are free, easy and save you money. The brand has also brought its signature sound and style to headphones. Recently, I picked up the Major V, Marshall's latest iteration of its on-ear Bluetooth model (that's V as in 5), and I could hardly love them more. Marshall boasts that these headphones can last up to 100 hours on one charge, an almost ludicrous number that has largely held up as I've used them. The audio quality, while not a patch on the heavier hitters in the Bluetooth market, is excellent for its price, with strong bass and clean high notes. Vocals can sometimes come off a little shabby at first blush, but I find you get used to it real quick. The connectivity performance has also really impressed me. For such a cheap pair of headphones, the Major V easily maintain connections to at least two devices at a time and can switch between them almost seamlessly. That's not something I've found to be the case for a lot of the affordable Bluetooth headphones I've tried in the past. It's a strong contender overall in the budget Bluetooth headphones space. Why does this deal matter? I was able to scoop up the Marshall Major V for $100, the lowest their price has gone since they debuted last year. For that price, it's basically a steal. For the amount of blissful use I've gotten out of them so far -- listening to music, watching movies or getting through my audiobooks -- it's been more than worth the price of admission. For now, only the standard black Major Vs are on sale. They also come in brown, cream and midnight blue varieties, but those will cost you closer to full retail price for now. They usually retail for around $160, making their current price a 38% discount. While I was able to get this deal well in advance of Prime Day, there's no telling how long it'll stick around now that the event is over, so get a move on if you're interested in picking a pair up.
The Verge
an hour ago
- The Verge
Tariffs are ruining Volvo's plans to sell new EVs in the US.
Tariffs are ruining Volvo's plans to sell new EVs in the US. The Swedish automaker said it will take a one-off, non-cash impairment charge of 11.4 billion Swedish kronor ($1.19 billion) in the second quarter related to two plug-in models: the EX90 and ES90. That means Volvo is basically reducing the value of the EVs on its balance sheet. The reason is because Donald Trump's tariffs are making it impossible for Volvo to make a profit on these models. The EX60 is still on track, apparently.
