Finance news

US$4.7 ⁠billion US-Canada bridge nears opening despite earlier Trump threat

⁠A ⁠new US$4.7 ⁠billion bridge connecting Detroit, Michigan and Windsor, Ontario is on ‌track to open in the coming weeks despite a threat made in ⁠February by US ‌President Donald Trump, a bridge authority said ‌on Monday. A formal ⁠ribbon ⁠cutting is expected ‌later this week, a source ‌told Reuters. ‌Detroit media ‌outlets reported on ⁠Monday the Gordie Howe International ⁠Bridge is expected to open ‌to traffic ‌on June 15. The ribbon-cutting invitations went out on Monday after a...

Global Economy Is One Oil Price Spike Away From Trouble

Oil prices began this week with a jump following the latest flare-up of hostilities in the Middle East, this time between Iran and Israel. This is worse news for the global economy than it would have been a month ago. The world’s oil reserves are starting to run dry, and nothing is replenishing them. Warnings are multiplying that the world is facing an unprecedented squeeze on oil supplies, and prices are about to surge much higher. The latest to join the growing chorus of warnings were Chevron

Texas Gas Drillers Shut Out of Oil Price Rally Shut Off Wells

Two extremes are currently playing out in the Permian Basin.

Big Tech's Hottest New Energy Fix Doesn't Generate Any Power

The artificial intelligence boom is driving a new wave of energy innovation as the public and private sector scramble to match planned energy capacity additions with projected demand. Experts expect that energy demand from data centers in the United States alone will skyrocket by almost 360% between now and 2030 to reach 110 GW. Meeting this demand while keeping energy affordable and sustainable presents an enormous challenge for world leaders, and will require creative thinking and major techno

Asia's Coal Demand to Jump 70 Million Tonnes in 2026 as LNG Shortfall Bites

The Middle East conflict has dealt a lasting blow to Gulf energy infrastructure, causing billions of dollars in damage and catapulting energy security to the top of the global agenda. Rystad Energy's research shows the fallout is driving a significant near-term surge in Asia-Pacific (APAC) thermal coal demand, with an additional 150 million tonnes (Mt) of cumulative consumption projected through 2030, roughly half of which is expected to land in 2026 alone. The driver is not a policy reversal bu

Oil Climbs as Israel, Iran Pause

Oil price rise was stunted as Israel and Iran signaled they may avoid further escalation.

Are we heading towards a new era like during industrialization? What are the consequences of this?

Actually the question is more of a rhetorical one. The rich are getting richer faster and faster, while the general public is being strangled financially by rising costs of living and is only involved in distribution battles between young/old, majority/minorities over the few crumbs. The idea of ​​acquiring property is a fantasy for most people, and the benefits you receive are becoming less and less. This is a process that runs more or less in all Western countries.

The Quiet Peak of the Internal Combustion Engine

If you follow energy markets closely, you could be forgiven for thinking that oil remains as indispensable as ever. Every geopolitical crisis seems to reinforce the narrative. Tankers moving through the Strait of Hormuz dominate headlines, analysts obsess over crude price forecasts, and politicians continue to speak about energy security largely through the lens of oil supply. Yet beneath the daily noise of energy markets, something remarkable has already happened. According to International Ene

The Day After in Cuba: What American Military Force Can and Cannot Do

[Excerpt from essay by Ricardo Zuniga, retired U.S. Foreign Service Officer who served on the National Security Council as President Barack Obama’s adviser for the Americas from 2012 to 2015 and participated in Obama’s diplomatic opening to Cuba.] On the beaches east of Havana, you can still see rusted remnants of watchtowers on the roofs of buildings along the island’s northern coast. Constructed in the early 1960s, after the failed Bay of Pigs invasion, these emplacements were designed to prov

Airfares Are Set to Rise Again as the Fuel Crisis Deepens

Prices for flights will shoot up again if fuel costs stay high, the chief of British Airways has warned. The airline’s chief executive, Sean Doyle, said there is “no getting away from” the fact that “if fuel goes up, fares have to go up.” Since the Iran war began in February, jet fuel prices have soared. Despite ceasefire talks, the Strait of Hormuz – which supplies around 40 per cent of Europe’s jet fuel – remains closed. Following BA's warning of a possible increase in prices last month to off

Was Riester always bad?

You always hear that Riester contracts are not worth it and that you often end up with a miserable return or perhaps even get less than you paid in. When I read the reports, I sometimes get the impression that all of this came out as a surprise in the last few years, that it wasn't worth it. But isn't it the case that we could have seen how little it was worth when the contracts were signed? Did people just not look closely? Ode

US adds Alibaba, BYD and other Chinese tech champions to military company blacklist

The Pentagon has designated Alibaba, BYD, Baidu and more than a dozen other prominent Chinese companies as “Chinese military companies” operating in the United States, widening a blacklist that has become an increasingly effective tool in Washington’s campaign to restrict China’s access to American capital, technology and government contracts. In a Federal Register notice scheduled for publication on Wednesday, the US Defence Department said the Under Secretary of Defence for Acquisition and...

Congress moves toward approving $70 billion for ICE and CBP through Trump's presidency

The U.S. House is expected to vote this week on a $70 billion measure to fund Immigration and Customs Enforcement and Customs and Border Protection after delay.

Iranian Official Says Hormuz to Reopen with New Toll Regime

The Strait of Hormuz will ultimately reopen but Iran and Oman will set new conditions for passage, including transit fees, Kazem Jalali, Iran’s Ambassador to Russia, told Russian daily Izvestia in an interview on Monday. “Of course, this strait will be open, but with new conditions to be determined by the Iranian and Omani authorities,” Reuters quoted Jalali as telling the Russian newspaper. “We understand that Iran and Oman provide certain services related to this strait. And fees will be charg

Russia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite

Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions, fuel shortages, and Ukraine’s bombing campaign force Moscow to divert more barrels into the domestic market. Exports from Russia’s western ports of Primorsk, Ust-Luga and Novorossiysk are expected to fall to roughly 1.7 million barrels per day in June from 2.5 million bpd in May, according to Reuters calculations based on preliminary industry and trading data. The decline comes as Russia seeks to

US Navy F/A-18 Super Hornet strikes, disables oil tanker in Gulf of Oman

An F/A-18 Super Hornet assigned to the aircraft carrier USS Abraham Lincoln fired a precision munition into the vessel's engineering and steering spaces.

Find cheap fiber optic contracts

Hey, we currently pay €55/month for fiber optics with a router (there is no DSL here), I wanted to switch, but: Where the hell can you actually find transparent, fair fiber optic contracts? Just as fraenk is with mobile communications, something like that would also be needed with fiber optics. At Telekom and Vodafone you can only find contracts of 12 months, then 12 months like that, and always with a term of 2 years. submitted by /u/Tricalcium aluminate [link] [comments]

Aker BP Gains 2.2 Million Barrels With Tiny Stake Increase

Aker BP will receive an additional 2.2 million barrels of oil equivalent after the partners in the Johan Sverdrup field completed a redetermination process that slightly increased the company’s ownership stake. The adjustment raises Aker BP’s interest in Johan Sverdrup to 31.7163% from 31.5733%, a change of just 0.143 percentage points. The numbers may appear insignificant. The volumes are not. Under the revised ownership structure, Aker BP will receive an additional 2.2 million barrels of oil e

Potential Type 1 Diabetes Cure

Eledon Pharmaceuticals just announced the results of their study where 100% of patients achieved insulin independence (all 12 patients) that had type 1 diabetes. They have a market capitalization of $275 million so there is a ton of room to grow or even become an acquisition target by a larger company looking to replenish its revenues. Apparently there are over 2.1 million people with diagnosed type 1 diabetes in the US alone so this could be a massive opportunity. Seems like the market isn’t gi

Weak Chinese Demand Forces Cuts to Iranian Crude Prices

Chinese buyers are being offered Iranian crude at discounts to Brent, compared to a premium in May, as demand from China’s independent producers has weakened in recent weeks amid soaring input costs that dent refining margins. The price of Iranian Light for delivery in July into China has been cut to a discount of $1 per barrel to the ICE Brent benchmark, anonymous traders participating in the market told Bloomberg on Monday. This compares with a premium of up to $2 per barrel in the previous tw

US must learn lessons from Ukraine, innovate faster and cheaper: Anduril president

Anduril President Christian Brose discussed the need to develop cheaper weapons systems at scale to avoid quick depletion of exquisite munitions.

The Countdown to a Major Oil Price Surge Has Begun

In the coming weeks, readers will increasingly see two rarely used phrases in stories covering our dwindling worldwide oil inventories: "operational minimum" and "tank bottoms." The phrases more or less signify the same thing, though the former is more abstract and precise, while the latter is more visual. They signify rapid depletion of existing oil inventories and presage price spikes to come due to the loss of oil supplies from the Persian Gulf because of Iran's closure of the Strait of Hormu

Football World Cup 2026: Is the American summer fairy tale coming? The doubts are growing

The Football World Cup starts in a few days. But disappointed expectations, horrendous ticket prices and entry concerns are dampening anticipation for the largest football festival in the world.

China's LNG Imports Hit Highest Point Since Iran War Began

China's state-controlled energy giants are buying and importing the highest volumes of liquefied natural gas since the war in Iran began as the world's top LNG importer prepares for peak summer demand and heat waves. Private buyers are also stepping up purchases and China looks to replace the loss of Qatari gas. Chinese LNG importers are now taking between 7 and 10 cargoes per month to replace Qatar's deliveries, traders told Bloomberg on Monday. Part of Qatar's LNG that was loaded on cargoes be

Texas RRC Reveals Latest Oil, Gas Output Figures

The Railroad Commission of Texas revealed its latest preliminary crude oil and natural gas production figures, which were for March this year.

Tokyo Gas to co-develop Malaysia offshore LNG terminal

The Iran Stalemate Could Be the Next Oil Supercycle Trigger

As one deadline for a peace deal in the U.S./Israel-Iran war passes another, the chance of no firm agreement being struck to end the conflict in the coming months is rising dramatically. There are good reasons why Washington under President Donald Trump may be perfectly happy to keep this conflict simmering as it is, including the effective closure of the world’s critical transit route, the Strait of Hormuz. There are also good reasons why Tehran under the Islamic Revolutionary Guards Corps (IRG

ECA LNG in Mexico Starts Production

Sempra Infrastructure expects to launch commercial operations at the 3.25-MMtpa project in a few months.

Banks: Billionaire poker in Italy – Intesa wants to buy Monte dei Paschi

Takeover offers, political interests and synergies worth billions: the future of the Italian financial system will be decided by the oldest bank in the world.

Comment: The new aviation strategy lacks any ambition

The federal government is missing a great opportunity to support one of the few industries that is still growing in Germany. This will soon take a bitter toll.