Tate Brothers To Remain In Custody As They Fight Extradition To UK, Judge Rules

EU Opens Door For Canada To Become Bloc's First-Ever "Associate Member" Thanks to how mean President Trump has been, Canada could become the first-ever "associate member" of the European Union under a proposal unveiled Wednesday by European Commission President Ursula von der Leyen, as Ottawa looks to reduce its economic dependence on the United States. Speaking during her annual State of the Union address in Strasbourg, with Canadian Prime Minister Mark Carney in the front row as the first foreign head of government ever to attend the speech, von der Leyen...

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...