US eases sanctions on Venezuela to allow oil majors to operate

WASHINGTON DC - The United States has announced a targeted easing of sanctions on Venezuela's energy sector, authorizing major international oil companies to...

Trump sends the world's largest aircraft carrier to the Middle East

WASHINGTON DC - The United States has ordered the deployment of the USS Gerald R. Ford, the world's largest aircraft carrier, to the Middle...
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Saturday 14 February 2026
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US eases sanctions on Venezuela to allow oil majors to operate

WASHINGTON DC - The United States has announced a targeted easing of sanctions on Venezuela's energy sector, authorizing major international oil companies to...

Trump sends the world's largest aircraft carrier to the Middle East

WASHINGTON DC - The United States has ordered the deployment of the USS Gerald R. Ford, the world's largest aircraft carrier, to the Middle...

Japan on the run: Tokyo accelerates its $550 billion package under pressure from the US

LUGANO - Japan and the United States have agreed to accelerate discussions on the first batch of projects related to the major investment package...

L'Oréal's stock market plunges: sales disappoint investors

LUGANO - L'Oréal posted a sharp decline on the stock market after reporting sales results that fell short of analysts' expectations. According to official data...

The US and Taiwan sign a major agreement: 15% tariffs and mandatory purchases of American products.

WASHINGTON DC - The United States and Taiwan have finalized a reciprocal trade agreement that: confirms a 15% tariff on Taiwanese imports into the U.S. ...

Instagram under fire: Mosseri defends the app as the trial discusses "youth addiction."

LUGANO - Meta confirmed that Adam Mosseri, head of Instagram, testified in Los Angeles in the trial accusing the platform of...

European travel industry urges EU to rethink fare hikes

EUROPE – The European travel industry is mobilizing The European Commission has opposed the European Commission's proposal to triple the ETIAS fee from €7 to €20. Major industry associations, including the European Association of Travel Agents and Tour Operators (ECTAA), the European Tourism Association, and Airlines for Europe (A4E), have expressed serious concern about this increase, which they call "disproportionate." The ETIAS system, which will enter into force in the last quarter of 2026, will require visa-exempt citizens of non-EU countries to obtain a travel authorization before entering the Schengen area. The fee increase represents a significant challenge for an industry already strained by rising operating costs and post-pandemic difficulties, threatening the competitiveness of the sector. European tourism compared to other international destinations.

The economic impact on the tourism industry and travellers

The new €20 ETIAS authorization fee could generate around €300 million annually for the European Union budget, but tourism leaders fear the increase could discourage international travelers. The industry stresses that while the increase may seem modest on its own, it adds to a series of growing costs weighing on families and business travelersThe Council and the European Parliament have already expressed concerns about the €20 proposal, calling for a more proportionate and evidence-based fee. Industry associations argue that this decision contradicts the original intention of the co-legislators in 2018, who had agreed on a modest and reasonable fee. The primary concern is that Europe could lose competitiveness compared to other global tourist destinations.

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