America Spends More On Defense R&D Than Any Other OECD Country - By A Mile

Expect Electricity Prices To Rise Further, Analysts Warn By Robert Walton of UtilityDive, U.S. electricity prices have risen significantly in recent years, though “national trends mask stark differences” in state prices, according to an April 1 analysis by Lawrence Berkeley National Laboratory and The Brattle Group. Whether you take a “crisis” or “more nuanced view” of the increases - the analysis offers both - one thing is likely, according to the report: “Record levels of [investor-owned utility] rate increase requests & regulatory approvals suggest additional near-term price increases absent policy/market actions.” There were...

Gulf Bond Boom: Record Borrowing Fuels Race To Future-Proof Against Hormuz Shutdown Gulf monarchies are hitting international debt markets at a record-shattering pace, Bloomberg figures show, amid a conflict-driven rush to harden domestic infrastructure and forge alternative supply corridors that bypass the vulnerable and effectively closed Strait of Hormuz. Added to this, just this month, Red Sea passage has become another problematic area, as the Houthis have targeted several Saudi vessels with missiles and drones. Regional heavyweights led by the UAE and Saudi Arabia are seeking massive funding for new or...