During 'War Drill', Greek Navy Chases Russian Tankers Out Of Oil Transfer Hotspot

zerohedge.com During 'War Drill', Greek Navy Chases Russian Tankers Out Of Oil Transfer Hotspot The Greek Navy has established a temporary obstacle in the Laconian Gulf, approximately 110…

The damage done by Russia’s hack of Germany’s defence ministry

economist.com The German defence ministry is not known for being funny. But it did draw chuckles on March 3rd, emailing journalists an official statement by Boris Pistorius, the defence…

Russia outsmarts Western sanctions

economist.com Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but…

Up 88% in 1 Month, Has ZIM Stock’s (NYSE:ZIM) Ship Sailed?

finance.yahoo.com When I covered ZIM Integrated Shipping Services (NYSE:ZIM) stock a month ago, it was trading at $10.24. Today, shares in the Israeli company trade for $19.18. The stock has…

The U.S. was set to move 11 detainees out of Guantanamo. Then politics got in the way, some officials say

nbcnews.com WASHINGTON — The Biden administration was close to transferring 11 detainees out of the detention facility at Guantanamo Bay, Cuba, to a country in the Middle East in…

Aaron Eckhart & Devon Sawa Traveling Down ‘Thieves Highway’

deadline.com Aaron Eckhart and Devon Sawa are teaming with director Jesse V. Johnson (Chief of Station, Avengement) for Thieves Highway. Red Sea Media is handling foreign sales here at…

US Navy warships in the Red Sea are fighting off missiles new to combat that are 'way faster' than anything else, destroyer captain says

businessinsider.com Guided-missile destroyer USS Carney (DDG 64). BAE Systems via AP US Navy warships in the Middle East have been facing off against anti-ship ballistic missiles. The Houthis…

With death of Iran's president, the search for a new heir to the ayatollah begins

msnbc.com The helicopter crash deaths of Iranian President Ebrahim Raisi, Foreign Minister Hossein Amirabdollahian and seven others caught the world by surprise Monday morning,…

Freightos’ Growth Outpaces Market, Underscoring Freight Sector’s Digital Embrace

pymnts.com For freight-forwarding platforms, the world is their oyster. That’s because the emergence of digital platforms and innovative technologies is profoundly transforming the…

Saudi Arabia's historic first swimsuit show in photos

newsweek.com Saudi Arabia hosted its first swimsuit fashion show on Friday, marking a notable cultural shift in a country where women were required to wear body-covering abaya robes just…

Tesla Is Positioning Itself to Become the Largest Car Maker

fool.com Tesla has two secret weapons that will help it dominate the automotive industry. Tesla (TSLA 1.50%) is arguably one of the most successful companies in the last decade,…

ANI Pharmaceuticals Announces the Launch of Kionex® Suspension

benzinga.com BAUDETTE, Minn., May 20, 2024 (GLOBE NEWSWIRE) -- ANI Pharmaceuticals, Inc. (ANI or the Company) ANIP today announced the launch of Kionex® (Sodium Polystyrene Sulfonate…

Iran's president is missing after his helicopter crashes in dense fog with an aerial search 'impossible'

fortune.com Iranian state television reported there was “no sign of life” at the crash site of a helicopter that was transporting President Ebrahim Raisi and went down in the northwest…

Gold Hits Record High on Fed Rate-Cut Hopes, Rising Haven Demand

finance.yahoo.com Gold surged to an all-time high, boosted by increasing optimism the Federal Reserve will start easing monetary policy this year along with rising geopolitical tensions in…

Asian Stocks to Rise After US Gains, China Support: Markets Wrap

finance.yahoo.com Asian stocks are set to climb in early trading after US equities notched a fresh record amid resilient corporate earnings and China took steps to shore up its property…

Speedier Wall Street Trades Are Putting Global Finance On Edge

finance.yahoo.com When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are…

Fears Mount Of Undersea Cable Sabotage By Chinese Repair Ships, Report Says

zerohedge.com Fears Mount Of Undersea Cable Sabotage By Chinese Repair Ships, Report Says State Department officials told a team of Wall Street Journal reporters about the increasing…

Think Tesla is in trouble? Pity even more its wannabe EV rivals

economist.com IN RECENT MONTHS Tesla has had a bumpy ride. In January the electric-vehicle (EV) pioneer warned that growth would be “notably lower” this year, as motorists’ enthusiasm for…

Top Wall Street analysts like these 3 dividend stocks for high yields

cnbc.com Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. A favorable consumer price index report for April lifted…

Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios

finance.yahoo.com Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption. • None Gantz Says He’ll Quit…

Slowing Inflation Primes G-7 Central Banks for June

finance.yahoo.com Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of…

Yemen's Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says

abcnews.go.com Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the…

An oil tanker going from Russia to China is hit by a Houthi missile in the Red Sea, U.S. military says

fortune.com A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said. The…

Yemen’s Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says

seattletimes.com Yemen’s Houthi rebels hit an oil tanker in the Red Sea with a ballistic missile, damaging the Panama-flagged, Greek-owned vessel in their latest assault over the…

Oil Tanker Struck By Missile Off Yemen Coast

zerohedge.com Oil Tanker Struck By Missile Off Yemen Coast As Ukrainian drones relentlessly target Russia's energy complex, tensions in the Middle East are once again rising. Early…

US Sending Nuclear-Powered Carrier For 'Higher Stakes' Red Sea Mission

zerohedge.com US Sending Nuclear-Powered Carrier For 'Higher Stakes' Red Sea Mission Since the start of the Gaza war at least 20 ships have been damaged in the Red Sea amid the ongoing…

Yemen's Houthi rebels are menacing ships on the high seas

businessinsider.com A French helicopter shot down a Houthi attack drone in the Red Sea in March. Houthi rebels have since used their UAVs to threaten ships far beyond the Red Sea. French…

Is Anyone Canceled in Cannes? Shia LaBeouf and James Franco Movies Shopped Amid France’s #MeToo Moment

variety.com On the second night of this year’s Cannes Film Festival, Judith Godrèche told the mostly female crowd assembled on a beach next to the Palais, “This film is for you!” The…

Yemeni security forces deploy in Aden as anger simmers over lengthy power outages

abcnews.go.com Yemeni authorities have deployed security forces and armored vehicles across the port city of Aden, in preparation for the latest in a series of protests over hours-long…

Arab Filmmakers Tackle Tensions in Society: ‘We Defy Invisibility’

variety.com Saudi Arabia leads this year’s Arab cinema contingent at Cannes with pioneering director Tawfik Alzaidi’s “Norah” launching internationally from Un Certain Regard plus a…

Fact Check: Is video of Houthi missile strike on US destroyer real?

newsweek.com Houthi rebels claimed this week to have targeted a U.S. Navy destroyer in the Red Sea, the latest in a series of attacks the Yemeni group has claimed are a response to…

The Pentagon's growing costly headache: Cheap drones

axios.com The Pentagon faces a dilemma exemplified by its battles in the Red Sea and Gulf of Aden: How to cost-effectively intercept cheap but deadly drones wielded by a growing…

Traders Ditch Bullish Bets On Oil

zerohedge.com Traders Ditch Bullish Bets On Oil By Tsvetana Paraskova of OilPrice.com A continuously fading war risk premium and signs that regional oil markets look well supplied…

Britain says it is developing a radio-wave weapon that can take out a swarm of drones for just $0.12 a shot

businessinsider.com An image released by the UK's Ministry of Defence shows a Radio Frequency Directed Energy Weapon on May 16, 2024. MoD The UK has unveiled a new radio frequency-directed…

Sharp rise in cost of British lamb in UK due to rising demand and import issues

theguardian.com The price of British lamb has hit an all-time high as cold weather and disease in the UK and difficulties with imports have combined with a surge in demand. Wholesale prices…

Diesel Takes Another Hit And May Be Driving Down Broader Oil Market

zerohedge.com Diesel Takes Another Hit And May Be Driving Down Broader Oil Market By John Kingston of FreightWaves With the benchmark diesel price used for most fuel surcharges down for…

High air ticket prices aren’t deterring European travelers, as TUI narrows losses ahead of London delisting

aol.com TUI is something of a bellwether for the European travel industry. The German group is Europe’s largest tourism operator, serving about 28 million customers through its…

Army gets four drone zappers in rush to defend troops

axios.com The U.S. Army has received four drone-frying prototype weapons from defense contractor Epirus, as part of a $66 million deal through a rapid acquisition effort to boost…

Higher air ticket prices aren't dampening travel demand as TUI narrows losses ahead of shifting its listing from London to Frankfurt

fortune.com TUI is something of a bellwether for the European travel industry. The German group is Europe’s largest tourism operator, serving about 28 million customers through its…

This year's biggest air battles are showing the US what it could need most in a missile war with China

businessinsider.com A missile launches from a US Navy warship in the Red Sea in February. US Central Command From Ukraine to the Middle East, air-defense systems have been put under immense…

Eurozone inflation to fall faster than expected, EU says

ft.com Revised figure comes as impact of Red Sea trade disruption proves milder than expected

Hapag-Lloyd Lifts Lower-End of Guidance as Red Sea Situation Raises Rates

wsj.com Hapag-Lloyd lifted the bottom-end of its full-year guidance range as the current situation in the Red Sea has tightened industry capacity, helping stabilize freight rates.

Why are hundreds of Teslas parked outside a dying shopping mall? A local news station solved the mystery

aol.com None Hundreds of Teslas are parked outside a mall in Missouri, including dozens of Cybertrucks. • None The mall is closing in October and Tesla needed space to hold excess…

VDH: Has America Finally Had It With Joe Biden?

zerohedge.com VDH: Has America Finally Had It With Joe Biden? Authored by Victor Davis Hanson, Joe Biden’s personal approval rating is at historic lows; almost all his policies do not…

How the world economy learned to love chaos

economist.com Central banks have embarked on austere monetary policy to crush inflation. Worries about the financial system, from bond markets to commercial property to the health of the…

East Africa outages stir fears over Africa’s internet vulnerabilities

semafor.com The News Fresh damage to undersea cables that supply African countries with the internet has raised new fears about the continent’s network vulnerabilities. The damage marks…

US ally sends warship to shadow Chinese navy task force

newsweek.com The Japanese Defense Ministry said it dispatched a ship and an aircraft to monitor the movements of a Chinese navy flotilla on Monday as it passed through its southwestern…

WTW announces market first facility for cargo and war-on-land risks in Ukraine

benzinga.com LONDON, May 13, 2024 (GLOBE NEWSWIRE) -- WTW WTW, a leading global advisory, broking and solutions company today announced a partnership with Ukrainian insurer, VUSO, to…

US military says five Houthi drones destroyed, posed 'imminent threat'

newsweek.com The U.S. and its Red Sea allies took down five Houthi drones that posed an "imminent threat" over the weekend, according to statements released by U.S. Central Command. On…

Saudi Arabia's Neom is looking to fill 262 job vacancies. The roles show just how futuristic the megacity could be

aol.com None Saudi Arabia's sprawling megacity, Neom, is billed as a chance to live in the "new future." • None Officials want to fill 262 vacancies. The unusual roles show what it…

FP Dealmakers: Interest rate peak fuels optimism on Bay Street

financialpost.com Peter Miller doesn’t mince words when describing the dealmaking doldrums that Bay Street has slipped into over the past couple of years. But the head of global equity…

As the Red Sea crisis continues, pressure on consumer prices follows in its wake

theguardian.com When footage first appeared of Houthi rebels hijacking the cargo ship Galaxy Leader in the Red Sea last November, it sent shockwaves through the world of trade. The…

Critical infrastructure security will stay poor unless everyone pulls together

theregister.com Interview Take a glance at the cybersecurity headlines of late, and you'll see a familiar phrase that keeps cropping up: Critical infrastructure. The power lines, internet…

Inside Tesla's chaotic month of brutal layoffs

businessinsider.com Elon Musk told staff on April 15 that Tesla planned to cut more than 10% of its workforce. • On Monday, Tesla staff entered their fourth straight week of layoff notices. •…