2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

Heavy fighting reportedly erupted in the area of Deir Seryan, on the border between Israel and Lebanon and well inside the Israeli occupied “Yellow Line” area of southern Lebanon. Israel reportedly advanced troops into the town and Hezbollah attacked them. Details are still emerging about the exchange of fire, but the IDF reported two Israeli […]

Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Iran...

Iranian state media reported speaking with officials who said Tehran has rejected a 15-point peace proposal to end the war in the Middle East. On Monday, President Donald Trump said the US talks with Iran were progressing, and Washington sent Tehran a peace proposal via Pakistan.  On Saturday, Trump gave Iran a 48-hour deadline to […]