Tehran Threatens ‘Heave Attacks’ on US Bases, Ships in Response to Strikes on Iranian Vessels

A British tourist is among about 20 people who are facing charges in the UAE for filming Iranian attacks on Dubai, as the US’s Gulf Arab allies are taking steps to censor the impact of the war. According to The Guardian, the 60-year-old man is being charged with a law that prohibits sharing material that […]

End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher UBS analysts identified five long-term forces likely to keep global food inflation "structurally higher" above its pre-pandemic average of about 2.5%, crushing consumer hopes that price pressures will simply fade. "While food inflation globally has fallen from the COVID peak, a new debate is emerging: is the c2.5% LT average obsolete?" London-based managing director and equity-research analyst Sreedhar Mahamkali asked in a note penned on Monday. Mahamkali and his team outlined five long-term drivers of global food inflation: 1....

UK Regulator Targets Data-Center Land-Grab On The Power Grid Authored by Tsvetana Paraskova via OilPrice.com, Britain’s energy regulator, Ofgem, on Wednesday launched a consultation on a proposed commitment fee for data center projects as part of broad reforms to ensure network capacity is used for projects that are ready and able to connect. The proposal includes a new Data Centre Commitment Fee, which would be paid by large data center developments when accepting a connection offer, Ofgem said in a statement. The fee would be refunded when the project reaches grid connection status and forfeited...