Lake Mead Hits Lowest Level On Record Amid Decade-Long Western Drought

Europeans Pay The Most For Public Transport Creating and maintaining reliable, efficient and affordable public transportation networks is crucial for developing a more sustainable mobility sector worldwide, though challenges vary by region. In Europe, gaps are most evident in rural areas, where low population density limits service frequency. In North America, many cities also suffer from fragmented public transport systems, making car dependency widespread in both rural and urban areas. In Latin America and South Asia, semi-formal systems such as minibuses are an important and affordable part of transport networks, but often lack reliability and...

Pakistan Uses Diplomacy To Secure LNG Supply from Hormuz Submitted by Charles Kennedy of OilPrice.com Pakistan has negotiated the passage of vessels laden with Qatari LNG out of the Strait of Hormuz in a diplomatic feat that no other energy buyer has managed so far in the Iran war. Pakistan, which was the mediator of the U.S.-Iran talks and is passing messages from one to the other, appears to have used well its close ties with both Qatar and Iran to negotiate the successful imports of two tankers with Qatari LNG. Pakistan has...

The 'Blame Game' In Private Credit Begins Submitted by QTR's Fringe Finance This morning I warned (again) this wasn’t a normal market in private credit. It was a liquidity event. And today it’s becoming something else too. According to the Financial Times, the SEC is now questioning whether Egan-Jones, a small but deeply embedded credit rating agency in private credit, can “consistently produce credit ratings with integrity.” That’s not a routine inquiry. That’s the regulator openly wondering whether one of the key cogs in the machine was ever doing its job properly in the first place....