Shipowners On Edge for News on Hormuz as ‘Dark’ Oil Flows SwellShipowners are watching warily for a peace deal between the US and Iran and what it would mean for the Strait of Hormuz, with some tanker owners expressing caution, while others were already predicting a frantic free-for-all if the waterway opens in earnest.
NYC Tea Shop With $500,000 Monthly Sales Renamed ‘?’ After SpatA hot new string of New York tea shops has begun operating as “? Tea” thanks to a legal dispute with its China-based parent.
Columbia Becomes Last Ivy to Embrace Standardized Tests AgainColumbia University will once again require applicants to submit SAT or ACT scores to be admitted starting in 2027, according to a university statement, after a faculty review determined they were “a useful indicator of potential student success.”
Wind Groups Fight Pentagon Project Halt With Billions RiskedRenewable energy groups asked a federal judge to order the US Defense Department to lift its freeze on approvals of wind energy projects that has threatened billions of dollars of investments.
Exxon Studies Takeover Targets Including Woodside EnergyExxon Mobil Corp. is studying potential acquisition targets including Australia’s Woodside Energy Group, as the US giant eyes options to deepen its presence in liquefied natural gas and Asian markets, according to people with knowledge of the matter.
Shell Plans $1 Billion Wind Farms Sale in Latest Renewables ExitShell Plc is preparing to launch a sale of its offshore wind farms in the oil major’s latest move away from renewable energy to focus on its higher-returning fossil fuel business.
EU’s Top Carmakers Unite to Push for ‘Made in Europe’ PlansVolkswagen AG, Stellantis NV and Renault SA are joining forces to push for regulation favoring automaking in Europe to help them compete with a surge of affordable cars from China.
Air India Plans to Downsize With Owner Tata Balking at LossesAir India Ltd. is looking to defer aircraft deliveries, cut flights and postpone expansion plans after majority owner Tata Group instructed the carrier to focus on reducing its record losses, according to people familiar with the matter.
Australia Bets on High Speed Rail Line as a Housing Crisis FixFor decades, building a high-speed rail network in Australia has been derided as a financially flawed fantasy, even as Sydney’s population strains at the seams and housing prices soar. The affordability crisis is now spurring Anthony Albanese’s government to bet on a A$94 billion ($66 billion) fix.
AirAsia X Delays Bahrain Launch Over Mideast Conflict ConcernsLow-cost airline AirAsia X has postponed the launch of its Gulf hub in Bahrain until at least August due to the conflict in the Middle East.