Ukraine's Top Steelmaker Receives First Coal Shipment From US
Ukraine's biggest steelmaker, Metinvest BV, received the first batch of imported coking coal from its US subsidiary after Russian offensives forced it to shut a local mine.
The steelmaker has unloaded 80,000 tons of coal from United Coal Company LLC, the Appalachian-based producer that Metinvest acquired in 2009.
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Yahoo
26 minutes ago
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Ford Has Picked a Chassis Supplier for Its 2027 Le Mans Hypercar Plans
Ford has selected sports car manufacturer Oreca as the chassis supplier for its upcoming LMDh project, setting the stage for a run at the overall 24 Hours of Le Mans win in 2027. The brand's Friday announcement also noted that Dan Sayers has joined the project as program manager. The deal means that Ford will be the fourth manufacturer to partner with Oreca, joining Acura, Alpine, and Genesis: Acura currently races the Oreca-based ARX-06 in IMSA; Alpine runs the A424 in the FIA World Endurance Championship; and Genesis plans to enter both over the next two years with their GMR-001. Since LMDh rules require teams to build their car around a safety cell from one of four approved chassis manufacturers, this means that the Ford will share some common parts with all of those cars. Most of the vehicle will be unique to Ford, however, including the engine. Sayers joins the now Oreca-affiliated prototype project directly from Red Bull Powertrains, a Ford-aligned group that will be building engines and hybrid systems for the energy drink brand's two Formula 1 teams. His responsibility will be getting the new racer from conception to the 2027 season opener — a daunting challenge that has led to early struggles for many current LMH and LMDh manufacturers on the grid at Le Mans for the 2025 event. While these announcements bring Ford closer to its return to the top class at Le Mans, some major questions remain. The brand still has not announced a partner team or official plans to build its own factory team, let alone the drivers. Ford has also only announced plans for the Europe-based FIA World Endurance Championship, meaning that the American manufacturer's long-awaited GT40 successor is not actually set to race in the U.S.-based IMSA championship just yet. An engine layout has also not been shared, although Ford Performance global director Mark Rushbrook mentioned in February that the brand had decided on a total cylinder count for its final race car. Those details will trickle out over the next two years. Until then, Oreca and Sayers will get to work helping Ford get their new prototype on the track. You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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30 minutes ago
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Brussels, Washington, And The Kremlin's Exports, Oil And Gas For War
Russia's President Vladimir Putin chairs a meeting on the state armament program for 2027-2036 at ... More the Kremlin. Given continued funding by gas exports to Europe, Moscow's economy may be able to support further conflict in Ukraine and beyond.(Photo by Gavriil Grigorov / POOL / AFP) (Photo by GAVRIIL GRIGOROV/POOL/AFP via Getty Images) A major Ukrainian drone operation dubbed 'Spiderweb', conducted on Sunday, June 1, damaged strategic bomber assets deep in Russia. The attack, combined with a strike against the multi-billion-dollar Kerch Strait bridge built after Moscow annexed the Crimea in 2014 to connect it to the Russian mainland, was a huge blow, both in image and in substance. However, it comes at a time when Russia's economic picture is quietly improving, and the offensive picking up steam, which has allowed Moscow to refuse to make any real progress on ceasefire talks despite U.S. President Donald Trump's best efforts. Financial improvement is excellent news for Russia's President Vladimir Putin, who is hellbent on outrunning economic decline at home and attaining victory on the battlefield. Money from energy sales continues to fill Russia's war chest, which is why now is the time for Washington and Europe to work together to turn off Moscow's spigot. Only by depriving the Kremlin of the funds needed to sustain the war can peace be restored at the battlefront. Unfortunately, things have been going in exactly the opposite direction during the first half of 2025. Despite sanctions, Russian gas exports to Europe through the Turkstream pipeline rose more than 10% from April to May, and Russia's oil and gas giant Gazprom posted an unexpected $8.4 billion Q1 profit, up from $7 billion in losses in 2023. On Tuesday, June 10th, the EU announced that it is working on a package of additional sanctions, lowering the price cap for Russian oil from $45 per barrel from $60, as well as banning the use of Russian banks by third countries and stopping any EU operators from being allowed to use Russia's Nord Stream pipelines. If the EU members approve these new proposed sanctions, they will certainly have an impact -- but this is by no means guaranteed. Slovakia and Hungary are two of the most pro-Russian regimes in the EU and have actively opposed sanctions on Russia. It may change, now that Prime Minister Viktor Orban of Hungary announced that Russia only understands the language of force. However, if Washington and Brussels cooperate to tighten the sanctions regime, this could be a game-changer and eventually force Moscow to negotiate. On the other side of the Atlantic, leaders in the United States are acting to decisively end Russia's benefit from its energy industries. The Sanctioning Russia Act of 2025, introduced by Senator Linsey Graham (R-SC), a Trump ally, contains measures to prohibit American entities from investing in or exporting to the Russian energy sector, impose a 500 percent tariff on Russian goods and services entering the and levy the same tariff on countries that sell, supply, transfer, or purchase oil, uranium, natural gas, petroleum products, or petrochemical products originating in Russia. These measures would serve the dual purpose of weakening Moscow's energy trade while putting pressure on states that hesitate to halt their purchases of Russian energy products, including the Europeans, if they fail to step up actively. Russia's economic turnaround through 2025 can primarily be attributed to surging energy exports. The Trump Administration's hesitancy to impose sanctions, despite Trump's willingness to threaten them, created room for this export surge. Without seeing sanctions ratchet up, and with rumors floating that sanctions might be lifted, more customers became willing to turn to Russia. Despite successful maneuver like Operation Spiderweb, a war economy fueled by oil and gas exports ... More still allows Russia to conduct large scale counterattacks, like that seen in Kyiv on June 6th. Russia's foreign currency reserves, once under pressure, as Moscow struggled to keep the ruble from imploding, have recovered, moving past their pre-war high of $630 billion to $680 billion. The Russian ruble made a strong recovery, becoming a top-performing currency of 2025 so far. The ruble has outperformed the Russian government's own budgetary projections with a 40% increase in value against the dollar, a jump of almost four times the next best-performing currency. While this can be attributed to increased domestic economic controls, rising oil prices, and continued exports, another factor may be the sustained trade and indirect financial flows from China, which has remained Moscow's most reliable economic partner. It isn't the entire EU that is importing Russian oil and gas, but a few key countries are more reliant on these imports than others. Hungary, Slovakia, and France were the largest importers in November 2024 with Austria and Spain rounding out the top five. Countries with pro-Russian leadership are not the only ones that have continued importing Russian energy. European governments that decry Russia's aggression continue to throw Moscow an economic lifeline due to their inability to find alternative energy sources. For now, Russian oil and gas are cheaper and more easily accessible despite sanctions, making them the primary solution for the energy security issues regularly experienced by the EU, like cold temperatures and lackluster wind generation. President Trump has also shaken the Europeans by using energy as a bargaining chip in trade negotiations, making some European countries realize that their reliance on the U.S. may be a vulnerability. This has, paradoxically, driven EU countries back towards Russia as an energy supplier—it remains to be seen whether they will reverse course and move in unison to stop funding Moscow's war. Europe's stance on Russia is only growing more divided, as the recent Polish election, which narrowly awarded right-wing candidate Karol Nawrocki the presidency, demonstrates, posing a further challenge for the EU. President Nawrocki has supported military aid to Ukraine but is against allowing it to join NATO, believing it could drag the alliance into conflict with Russia. The new Polish president's 'Eurosceptic' stance may lead to alignment with more pro-Russian leaders in Europe such as Hungary's Orban and Slovakia's Fico. The European Union has been far from united on sanctions regarding oil and gas exports since the invasion of Ukraine by Russia in early 2022. Despite sanctions, Russia's energy exports have proven more resilient than expected, thanks to strategic rerouting through the TurkStream pipeline and continued demand from nations unwilling or unable to pivot quickly. ISTANBUL, TURKEY - The TurkStream pipeline is a key avenue through which Russia continues to ... More transport gas to Europe. (Photo by Isa Terli/) The EU had set a goal of ending all Russian gas imports by 2027, but the road to that goal has been riddled with a lack of enforcement, exceptions, and relapses of reliance. While this plan sets a roadmap for measures to end energy dependence on Russia, it must be supported by baseload energy generation that will not fluctuate like solar and wind. The plan includes measures to reduce uranium and other nuclear energy imports from Moscow, but both individual states and the EU as a whole must focus on rebuilding a nuclear supply chain and stimulating domestic growth in nuclear power generation. Simply declaring long-term goals without follow-up and enforcement is ineffectual and undermines Europe's geostrategic credibility. Russia's 2025 economic gains demonstrate the need for sustained pressure and a united front that presses Moscow to the negotiating table. Despite impressive wins like the recent drone strike, allowing Russia to make economic gains, risks a weakening of Ukraine, and heightened Russian ambition looking toward the rest of the continent. The options seem clear—either the West moves to hit Russia in the pocketbook and press for a ceasefire and peace, or money will flow that allows Moscow to keep grinding on. While care must be taken not to destabilize the world economy and reignite inflation, a window of opportunity for cooperation is open now to help stop the bloodshed. And certainly, the world economy – including America's – will only suffer if Russia is emboldened to keep advancing aggressively in Ukraine and beyond.
Yahoo
30 minutes ago
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Frontier Airlines added new Florida flights. Here's where, when and which ones cost $59
Heading to Atlanta? Frontier Airlines just added new flights to and from Florida. The low-fare airline launched six new routes from Hartsfield-Jackson Atlanta International Airport (ATL) on June 12 and 13, including twice-weekly flights to Jacksonville, Fort Myers and Palm Beach, the company said in a release. All three Florida routes will run twice a week. The new route is part of Frontier's "America's Greenest Airline" promotion, with introductory fares as low as $59 for Sunshine State flights. "We are thrilled to launch these additional six routes from ATL this week, including our first ever service to the beautiful country of Honduras – just the latest in our growth in Atlanta,' said Josh Flyr, vice president of network and operations design, Frontier Airlines. Tickets for the listed flights must be purchased by 11:59 p.m. ET on June 25, 2025. Sale fares are valid for non-stop travel on select days of week, June 27, 2025, through Nov. 19, 2025. Blackout dates apply: July 3 and 6, 2025 and Sep. 1, 2025. A 14-day advance purchase is required. Round trip purchase is not required. Jacksonville (JAX), starting June 12, 2025, 2x/week, starting at $59 Ft. Myers (RSW), starting June 12, 2025, 2x/week, starting at $59 Palm Beach (PBI), starting June 13, 2025, 2x/week, starting at $59 San Pedro Sula, Honduras (SAP), starting June 12, 2025, 2x/week, starting at $89 St. Louis (STL), starting June 12, 2025, 3x/week, starting at $69 Columbus, Ohio (CMH), starting June 13, 2025, 2x/week, starting at $49 Last year, the Colorado-based airline (with bases in Miami, Orlando and Tampa) responded to complaints from the traveling community with some big changes: New fare bundles: Frontier overhauled its fare structure to simplify it and add more amenities No change fee: All Frontier passengers (except for Basic ticketholders) will be able to cancel or change their tickets without having to pay an extra fee Customer service phone line: After catching heat for dumping its customer service phone line in 2022, they brought it back Low price guarantee: Frontier is offering 2,500 miles for any customer who finds a lower price for a comparable flight on another airline on the same route and date (details here) New seating option with empty middle seat: Choosing the UpFront Plus option gets you a guaranteed empty middle seat so passengers sitting by the window or aisle have more personal space (more details) This article originally appeared on Palm Beach Post: Frontier Airlines Florida flights added to Atlanta. Here's where
