Energy Truce In Shambles: Ukraine Strikes Russian Refinery Despite Trump's Warning Amid Global Diesel Crisis

Japan Power Prices Surge To Highest Since 2023 By Tsvetana Paraskova of OilPrice.com Japan’s nationwide day-ahead electricity price soared by 20% in one week to settle on Monday at the highest level since January 2023, as gas supply disruptions from the Middle East and an intense heatwave pushed up prices and consumption.   The day-ahead power price in Japan has jumped to $0.16 (25.18 Japanese yen) per kilowatt-hour (kWh) on Monday, per data from the Japan Electric Power Exchange cited by Bloomberg. The heatwave in Japan is set to intensify later this week,...

MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Summary:  First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History, Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours To note: Reuters First reported Meta's 10% cut late last week (report)   Meta Layoffs  First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave. Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues...

President Donald Trump declared that Israeli Prime Minister Benjamin Netanyahu would not be arrested if he enters the US. Netanyahu is wanted for war crimes committed in Gaza by the International Criminal Court. New York City Mayor Zohran Mamdani said that the Israeli leader belongs in the Hague.  “Netanyahu will not be arrested, in any […]