UK Moves To Ban New North Sea Oil & Gas Licenses Permanently

Tesla Posts Strong Registration Growth Across Europe In May Tesla showed signs of regaining momentum in Europe during May, posting strong registration growth across several major markets, according to Reuters. New registrations climbed to 1,750 vehicles in Denmark (+136%), 1,690 in Spain (+113%), and 858 in Sweden (+71%), based on data released by local industry groups. Reuters writes that the trend extended across the region. Norway recorded 3,345 Tesla registrations, up 29% from a year earlier, while France saw registrations rise to 5,446 vehicles—more than seven times last year's level. The gains come...

Renter Nation Returns? Multi-Family Unit Starts & Permits Soar In April On the back of a small uptick in homebuilder confidence (though still languishing)... ...Building Permits jumped notably (+5.8% MoM vs +2.5% exp) in preliminary April data (while Housing Starts dipped 2.8% MoM, though less than the 5.2% MoM decline expected)... The pace of starts and permits on a SAAR basis has remained flat for four years... Multi-family unit starts and permits soared in April... As single-family home starts stagnate... It appears builders believe that 'Renter Nation' is on its way back. ...

Russia Accused Of Helping Iran Develop Carrier-Killing Supersonic Cruise Missiles Yet another major allegation against Russia has emerged this week in the pages of the London-based Financial Times, which says that Moscow has been helping Iran develop supersonic cruise missiles, in a clandestine program that has been ongoing throughout the war with the US and Israel. Early in the conflict, it was widely reported that advanced and ultra-fast weapons were used against Israel, which might help explain why the small Mediterranean country suffered so much damage. The FT cited as part of its...