The alignment between demand and the supply of capacity has individual dynamics across each trade lane and different consequences for the newbuild, second-hand and charter markets, writes Jeremy Masters.
Oil markets nearing ‘red zone’ as summer travel season nears, warns IEA chief
Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by AugustOil markets will enter the “red zone” by July and August as stocks dwindle before the summer travel season amid a shortage of fresh oil exports from …
Iran and Oman are discussing a permanent Strait of Hormuz toll – investingLive
Iran and Oman are discussing a permanent Strait of Hormuz toll investingLiveIran steps up claim to control Strait of Hormuz BBCIran and Oman in Talks Over Strait of Hormuz Ship Payment System The New York TimesIran in T…
Music industry risks excluding working-class talent, says Tinie Tempah
Singer Skye Newman also highlights how becoming a performer is becoming inaccessible to those without moneyThe music industry risks becoming a more hostile place for working-class artists, musicians including Tinie Tempah and Skye Newman have said.With…
Trump cancelled Iran strikes after Saudi Arabia issued Hajj pilgrimage warning: report
Trump was told that strikes during the holy pilgrimage would cause serious ‘reputational damage’, it is claimed
Putin and Lukashenko monitor joint Russia-Belarus nuclear exercises
Moscow and Minsk hold strategic nuclear drills with the two countries’ leaders participating via video conference.
Turkey court rules to oust opposition leader in latest blow to Erdogan’s challengers – Reuters
Turkey court rules to oust opposition leader in latest blow to Erdogan’s challengers ReutersTurkey’s FX Sales Reach $6 Billion After Opposition Ruling Bloomberg.comTurkey court removes leader of opposition as Erdoğan tightens grip…
Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date (Jem Aswad/Variety)
Jem Aswad / Variety:
Spotify and UMG plan to let Premium users create AI covers and remixes using music from participating UMG artists as a paid add-on, without giving a launch date — Spotify and Universal Music Group have announced…
Democrats belatedly publish 2024 presidential election autopsy report
DNC chair Ken Martin apologizes for initial bid to block release of report on the party’s disastrous election defeatThe Democrats have belatedly published a postmortem on the party’s disastrous 2024 election defeat, after an initial decision to withhol…
Former boss of collapsed investment firm jailed for illegally selling hot tub
Michael Thomson admitted to breaching a restraining order by selling a range of luxury itemsThe former boss of collapsed investment firm London Capital & Finance (LC&F) has been imprisoned for six months for contempt of court, after admitting b…