The European Union is preparing for potential jet fuel shortages by considering US imports and has issued warnings to airlines, stating that high fuel prices do not exempt them from passenger compensation for cancellations or justify retroactive fuel surcharges.

The Cannes Film Festival featured the premiere of James Gray's film 'Paper Tiger,' starring Adam Driver, Miles Teller, and Scarlett Johansson, which received a lengthy standing ovation. Director Peter Jackson was also honored with an honorary Palme d'Or at the festival's opening ceremony.

The Cannes Film Festival continues, featuring premieres of new films such as Hirokazu Kore-eda's 'Sheep in the Box' which received a warm reception. Celebrities like Demi Moore, Heidi Klum, and John Travolta have graced the red carpet, adding glamour to the event.