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In a major win for telcos, Bombay High Court on Monday quashed the government's one time charge for spectrum, stating that the Centre has failed to justify any authoritative power in levying the charges and altering the financial terms of the telecom licenses as an afterthought. A division bench of Justices Shreeram V. Shirsat and Manish Pitale also directed the government to set aside demand notices and return any related bank guarantees furnished by the telcos. It upheld Bharti Airtel's and Vodafone Idea's arguments that the Centre holds no power to retrospectively impose a one-time spectrum charge in 2012 for spectrum held above 6.2 MHz from the year 2008 onwards. India's EV inventory falls to single digits as waiting periods loom, ICE vehicle stocks rise A sharp surge in demand for EVs has pushed dealer inventory levels down sharply to low single digits, with select higher-end variants of models such as the MG Windsor EV, Tata Nexon EV, Tata Punch EV, Mahindra BE 6, Mahindra XEV 9e, Bajaj Chetak and Ather's 450X and Rizta scooters beginning to see waiting periods as fuel-price hikes accelerate consumer preference for electric mobility and other fuel-efficient vehicles, according to dealers and automakers who spoke to businessline. Dealers and automakers said fuel-price hikes are accelerating consumer preference for EVs, CNG cars and smaller fuel-efficient vehicles, while simultaneously leading to rising inventories of higher-displacement petrol and diesel vehicles as buyers are increasingly moving away from ICE models. FY27 Disinvestment proceeds cross full FY25 collections in 2 months; Miscellaneous Capital Receipts exceeds 23% of BE The government's Mop-up under ‘Miscellaneous Capital Receipts' (MCR) crossed more than 23 per cent of the budget estimates in just little over two months of FY27 driven primarily by robust earnings from disinvestment. Significantly, earnings from disinvestment in just two months exceeded those during full fiscal of FY25 and nearly 72 per cent of full fiscal of FY26 . Union Budget has pegged MCR at ₹80,000 crore. According to the budget document, these include receipts on account of management of equity investments and public assets through various mechanisms. Put simply, MCR primarily includes disinvestment (sale of minority share holdings and strategic disinvestment) and asset monetisation. Data from DIPAM shows government offloaded parts of its stake in three CPSEs (Central Public Sector Enterprises) — Central Bank, Coal India and NHPC and mobilised ₹12,165 crore. Govt cuts PM Ujjwala subsidy as domestic LPG cylinder cost surpasses ₹1,600 Government has reduced the number of cylinders for which a Pradhan Mantri Ujjwala Yojana (PMUY) household can avail subsidy from nine to four. The subsidy amount remains unchanged at ₹300 per 14.2 kg domestic LPG cylinder. The decision comes amid the disruption in Strait of Hormuz, West Asian conflict almost completely choking-off LPG supplies coming out of West Asia via the Strait of Hormuz (SoH) which have pushed up benchmark Saudi CP prices, resulting which reflected in the domestic cylinder cost rising past ₹1,600 and losses of PSU oil marketing companies (OMCs) hitting ₹700 a cylinder. Praveen Mal Khanooja, Additional Secretary in the Ministry of Petroleum and Natural Gas (MoPNG), said on Monday that PMUY households will receive ₹300 a cylinder on the first four refills each year -- ₹1,200 per beneficiary a year. (Research and VO: Siddharth Mathew Cherian)
In today's edition of Editor's Picks, find our exclusive interviews of Niti Aayog Vice Chairman Ashok Kumar Lahiri and Sanjeev Sanyal, member, PM Economic Advisory Council. Top policymakers unanimously call for faster regulatory and ease-of-doing-business reforms. Meanwhile, the Centre will take a fresh look at India's banking sector to align it with the country's next phase of growth. Also, the broader market is showing a bull run even as foreign investors are pulling out their money - veteran investor Shankar Sharma tells us where the growth is expected. Also inside: SpaceX IPO explained, the creator economy of Northeast India, renewed activity in the primary market and where India's LNG and LPG imports are coming from.
In the headlines: The 2026 Atlantic hurricane season officially commences, and government maintains LPG subsidies amid fuel price increase. For details on these stories and more, visit www.govt.lc
From rising LPG prices due to West Asia disruptions and new edible oil packaging norms, to CBSE tightening its re-evaluation system and Tata Steel facing delays in its UK green steel project—here are today's key updates across energy, education, and industry. Get today's top business news, market headlines about the Stock Market, Sensex & Nifty trends, key market insights, economic highlights, and the latest updates from India and global markets.
घरेलू LPG सिलेंडर फिर महंगा हुआ, मोदी सरकार के 12 साल पूरे होने पर बीजेपी देशभर में जनसंपर्क अभियान शुरू करेगी, INDIA गठबंधन की बैठक से पहले कांग्रेस-सहयोगी दलों के बीच मतभेद, पश्चिम बंगाल में चुनावी हार के बाद TMC की मुश्किलें बढ़ती दिख रही, मलयालम सिनेमा के चर्चित अभिनेता सलीम कुमार का निधन, जम्मू-कश्मीर के राजौरी में आतंकवाद विरोधी अभियान के दौरान सेना के लेफ्टिनेंट की मौत, दिल्ली में मालवीय नगर अग्निकांड के बाद MCD की अवैध निर्माणों पर बड़ी कार्रवाई, भारत-इंडोनेशिया संयुक्त आयोग की बैठक के लिए इंडोनेशिया के विदेश मंत्री नई दिल्ली पहुंचे, ईरान ने अमेरिका पर सीजफायर उल्लंघन का आरोप लगाया और भारत-अफगानिस्तान के बीच टेस्ट का दूसरा दिन, सिर्फ़ 5 मिनट में सुनिए सुबह 10 बजे तक की बड़ी ख़बरें
TMC के अंदर जारी राजनीतिक उथल-पुथल के बीच ममता बनर्जी ने अहम बैठक बुलाई, घरेलू LPG सिलेंडर की कीमतों में एक बार फिर बढ़ोतरी, मोदी सरकार के 12 साल पूरे होने पर बीजेपी देशव्यापी जनसंपर्क अभियान शुरू करेगी, जबकि INDIA गठबंधन की बैठक से पहले सहयोगी दलों- कांग्रेस के बीच मतभेद, बंगाल में टीएमसी नेताओं पर कार्रवाई, अवैध घुसपैठ के खिलाफ पुलिस की कार्रवाई, ईरान-पाकिस्तान कूटनीतिक संपर्क बरकरार, यूरोपीय संघ का प्रतिनिधिमंडल करेगा असम का दौरा और भारत-अफ़गानिस्तान टेस्ट चंडीगढ़ में जारी, सिर्फ़ 5 मिनट में सुनिए दोपहर 1 बजे तक की बड़ी ख़बरें.
VOV1 - Tình hình Trung Đông tiếp tục diễn biến phức tạp khi Mỹ và Iran cáo buộc lẫn nhau vi phạm thỏa thuận ngừng bắn, đồng thời gia tăng các hoạt động quân sự tại khu vực Vịnh Ba Tư, làm dấy lên lo ngại về nguy cơ bất ổn đối với an ninh năng lượng và hàng hải toàn cầu.Bộ Tư lệnh Trung tâm Mỹ (CENTCOM) cho biết đã tiến hành không kích các cơ sở radar và giám sát ven biển của Iran tại Goruk, Sirik và đảo Qeshm sau khi bắn hạ 4 máy bay không người lái mà Mỹ cho là đe dọa hoạt động hàng hải tại eo biển Hormuz. Phía Mỹ khẳng định đây là hành động tự vệ nhằm bảo vệ tuyến vận tải biển chiến lược của thế giới.Ngay lập tức, Bộ Ngoại giao Iran lên tiếng cáo buộc Mỹ vi phạm thỏa thuận ngừng bắn ngày 8/4 sau các cuộc không kích kể trên. Iran cho rằng động thái của Mỹ không chỉ đi ngược các nguyên tắc của luật pháp quốc tế mà còn làm gia tăng nguy cơ bất ổn tại Trung Đông. Iran đồng thời kêu gọi Hội đồng Bảo an Liên Hợp Quốc và các tổ chức quốc tế có biện pháp xử lý kịp thời, đồng thời cảnh báo Mỹ sẽ phải chịu trách nhiệm đối với mọi hậu quả phát sinh từ các hành động mà Iran coi là trái pháp luật. Người dẫn chương trình tin tức của IRIB đọc thông cáo của Bộ Ngoại giao Iran nêu rõ:“Việc Mỹ liên tục vi phạm thỏa thuận ngừng bắn một lần nữa cho thấy quốc gia này không chỉ thiếu thiện chí giảm thiểu căng thẳng và quay trở lại con đường ổn định, mà còn đang đặt an ninh khu vực vào nguy cơ bất ổn nghiêm trọng thông qua các hành động phiêu lưu mạo hiểm của mình.”Lực lượng Vệ binh Cách mạng Hồi giáo Iran (IRGC) cũng vừa tuyên bố đã tiến hành các đòn tấn công nhằm vào các mục tiêu quân sự của Mỹ tại Bahrain và Kuwait để trả đũa.Trong bối cảnh căng thẳng gia tăng, Mỹ được cho là đã âm thầm hỗ trợ hơn 100 tàu thương mại đi qua eo biển Hormuz an toàn trong thời gian gần đây. Các biện pháp được áp dụng bao gồm điều phối bằng trực thăng quân sự, hạn chế tín hiệu định vị và triển khai các kênh liên lạc bảo mật nhằm giảm nguy cơ bị theo dõi hoặc tấn công.Trên mặt trận kinh tế, Bộ Tài chính Mỹ công bố các lệnh trừng phạt mới nhằm vào một mạng lưới bị cáo buộc xuất khẩu khí dầu mỏ hóa lỏng (LPG) của Iran sang Nam Á và Đông Nam Á thông qua các công ty bình phong tại Các Tiểu vương quốc Ả Rập Thống nhất và Trung Quốc. Phía Mỹ cho rằng mạng lưới này đã che giấu nguồn gốc hàng hóa để né tránh các biện pháp cấm vận.Trước những lo ngại về nguy cơ bất ổn đối với an ninh năng lượng và hàng hải toàn cầu, Nga kêu gọi duy trì sự ổn định của thị trường năng lượng thế giới. Tổng thống Vladimir Putin nhấn mạnh Nga đang phối hợp với OPEC+ nhằm bảo đảm cân bằng cung - cầu dầu mỏ, đồng thời cảnh báo những gián đoạn nguồn cung từ khu vực Trung Đông có thể làm gia tăng biến động trên thị trường quốc tế.Các nỗ lực ngoại giao hiện vẫn đang được đẩy mạnh. Bộ trưởng Nội vụ Pakistan Mohsin Naqvi đã tới Tehran để tiến hành vòng tiếp xúc mới với giới chức Iran, trong bối cảnh Pakixtan tiếp tục đóng vai trò trung gian nhằm giảm căng thẳng giữa Mỹ và Iran.Tuy nhiên, triển vọng đạt được một thỏa thuận lâu dài giữa Mỹ và Iran vẫn đang đối mặt nhiều trở ngại. Iran khẳng định tiến trình đàm phán không thể tách rời tình hình Lebanon và yêu cầu chấm dứt các hoạt động quân sự liên quan tới Hezbollah. Trong khi đó, Mỹ mong muốn tập trung vào việc duy trì an ninh hàng hải, kéo dài lệnh ngừng bắn và mở đường cho các cuộc thương lượng về chương trình hạt nhân của Iran. Giới phân tích nhận định Lebanon, eo biển Hormuz và các vấn đề an ninh khu vực đang trở thành những phép thử quan trọng đối với nỗ lực ngoại giao giữa các bên xung đột. Nguy cơ giao tranh sẽ còn tiếp tục nếu các bên không sớm tìm được tiếng nói chung trong các vòng đàm phán sắp tới./.Phương Anh/VOV1Cờ Iran. Ảnh minh hoạ: Reuters
घरेलू LPG सिलेंडर फिर महंगा हुआ, मोदी सरकार के 12 साल पूरे होने पर बीजेपी देशभर में जनसंपर्क अभियान शुरू करेगी, INDIA गठबंधन की बैठक से पहले कांग्रेस-सहयोगी दलों के बीच मतभेद, पश्चिम बंगाल में चुनावी हार के बाद TMC की मुश्किलें बढ़ती दिख रही, मलयालम सिनेमा के चर्चित अभिनेता सलीम कुमार का निधन, जम्मू-कश्मीर के राजौरी में आतंकवाद विरोधी अभियान के दौरान सेना के लेफ्टिनेंट की मौत, दिल्ली में मालवीय नगर अग्निकांड के बाद MCD की अवैध निर्माणों पर बड़ी कार्रवाई, भारत-इंडोनेशिया संयुक्त आयोग की बैठक के लिए इंडोनेशिया के विदेश मंत्री नई दिल्ली पहुंचे, ईरान ने अमेरिका पर सीजफायर उल्लंघन का आरोप लगाया और भारत-अफगानिस्तान के बीच टेस्ट का दूसरा दिन, सिर्फ़ 5 मिनट में सुनिए सुबह 10 बजे तक की बड़ी ख़बरें
This week we talk about the Merchant Marine Act, trade routes, and incentives.We also discuss Wesley Jones, foreign competition, and artificial monopolies.Recommended Book: The Quantum Thief by Hannu RajaniemiTranscriptIn 1920, the then-Senator for the state of Washington, Wesley Jones, who was also the chairman of the Senate Commerce Committee, introduced the Merchant Marine Act as a method by which the American merchant marine could be sustained and remain competitive in the face of external competition, and in the wake of the destruction of a bunch of ship during WWI.The US Merchant Marine is all the commercial water-going vessels that are US flagged, and the crews of these vessels. During peacetime, these boats and ships conduct trade and other services along the United States' coasts and throughout its internal waterways, its rivers and lakes. During wartime, these vessels and their crews are tapped to help move troops and weapons and supplies for offensive or defensive military efforts.The theory of this proposed Act, then, was to ensure that the US Merchant Marine would remain well-funded and well-taken-care-of, because lacking some kind of government support, there was a good chance it would either slowly degrade, not having enough business to pay for itself, or—and this has been a persistent concern for similar pseudo-fleets of merchant vessels around the world for the past few hundred years—it would fall into disrepair because it would be outcompeted by vessels and crew coming in from elsewhere that would charge lower prices, creating unsustainable economics for the locals and thus slowly degrading this economic and military asset.When this Act was proposed, in 1920, the preservation of this asset was on the mind of many US politicians, as the world had just emerged from World War I, and in that and previous conflicts, the US Merchant Marine had been pretty vital to ensuring the US eventually came out on the right side of things. It was also fundamental to the rebuilding of the US economy following difficult conflicts, because the moving of cargo from city to city along coastlines, and throughout long expanses of rivers—getting food from place to place, getting building supplies where they need to go—has always been important, especially following periods in which there isn't a lot of building going on, and when supplies chains are reoriented toward other purposes, like fighting.So in addition to all the language the helps regulate trade within US waters and between US ports, and which says how the crew of such vessels have to be treated, this Act was also meant to provide protected status to US Merchant Marine vessels and crew, giving them a pseudo-monopoly on certain types of trade activities in the US.It was also—and this is important context—meant to give Senator Jones' state of Washington a de facto monopoly on trade with Alaska. But it was sold to the rest of Congress and the country as a means of bolstering the funds flowing into the US Merchant Marine. Section 27 of this act, often called the Jones Act, requires that all goods transported between US ports be carried by US vessels built in the US, flying the US flag, owned by US citizens and with majority US citizen and permanent US resident crews.What I'd like to talk about today are the other consequences of the Merchant Marine Act of 1920, and in particular the Jones Act component of it, and why there's been renewed opposition to the Jones Act in recent months.—The logic of the Jones Act, at least on the surface, is pretty straightforward.If you're worried about foreign competition coming in and taking all the shipping jobs, swooping in from areas where crews aren't paid as much, and where ships can be built cheaper, so they can charge less than US-made and -manned ships, all you have to do is require all the ships and people on the ships are of US-origin, and you're good to go. Those foreign competitors aren't allowed to take the jobs, and that sets the standards in a different place, allowing US vessels and their crew and owners to charge whatever they need to charge to sustain themselves.This, in theory at least, should also stimulate the US ship-building industry, as that monopoly means anyone who builds new ships stands a pretty good chance of making their money back. After all, there's no dramatically cheaper competition out there, so you've got relatively little downward price pressure and seemingly plenty of customers, because there's a lot of US coast, and a lot of internal waterways that have traditionally be used for trading purposes.In practice, though—and this isn't uncommon with protectionist measures; things that seem like they should work for the intended purpose actually leading to other, less ideal outcomes—the Jones Act is often blamed for increasing prices on pretty much everything, and for increasing prices dramatically in places like Hawaii, Alaska, Puerto Rico, and other US territories, like American Samoa and Guam, that are reliant on imports to survive.If open competition isn't allowed, prices don't tend to go down, and in fact they can instead go up, especially if the number of entities providing these services drops over time.That means places without other options, without the ability to ship food and electrical equipment and other such fundamentals using highways or regularly flying, large cargo planes, they are forced to pay increasingly high cargo ship prices, instead. And there's no chance that a competitor will emerge, because there just aren't enough ships available to haul all the stuff these places need at a regular, sustaining, cost-effective cadence.These higher prices are kind of built into the monopoly model, but they're made even worse by the state of the US shipbuilding industry, which for a while, from about the mid-1800s until the mid-20th century, was top of the line, producing more ships than any other country during WWII, and before that churning out some of the best and fastest ships in the world for trade purposes.But after the two world wars, and a surge in shipbuilding infrastructure that was rapidly deployed in the first half of the 20th century, US government subsidies for the industry began to dry up, many of the ships built during the war were sold to foreign countries and private owners for a quick buck, and most of that infrastructure was mothballed, the more efficient processes it developed decommissioned in favor of less-efficient, more expensive approaches.During WWI, the US churned out more then 5,000 ships at the over 100 shipyards it had operating at the time, and was able to produce more naval tonnage in three years than it had produced in the entire history of the nation's existence, up till that point.Post-WWI, though, the US was already less efficient than foreign competitors, especially European competition, and post-WWII, the emergence of overland infrastructure in the US, like the burgeoning national highway system, made shipping via trucks increasingly competitive with the previously dominant approach of shipping via internal waterways.Airline shipping became a competitor, too, around that same time. So the technological developments and new overland infrastructure of the post-World War era meant that in the US, although coastal shipping in particular remained a solid option for many types of shipping, using trucks on the nation's growing highway system usually ended up being cheaper and easier, and in some cases much faster, too, and eventually air cargo became even more competitive for some types of jobs and clientele.The oil crises of the 1970s amplified this trend, collapsing the market for oil tanker ships and seriously damaging the overall shipbuilding industry, including in the US. Even with new US government subsidies meant to support the flailing industry, building ships in the US usually just didn't make much economic sense, the cost of building on US soil costing nearly twice as much as it did in some foreign ports.During the Reagan administration, even those 1930s-era subsidies were dropped, and that led to further collapse in the US shipbuilding industry. Before the end of these subsidies, the US was producing about 20 commercial ships per year, already a catastrophic drop from the World Wars era, but after the end of the subsidies, it produced five commercial vessels in the next eight years, combined.Some new subsidies were introduced in the 90s, when the Cold War ended, but the industry was in such bad shape at that point, orders from the US military and from commercial traders often went unfulfilled, or went wildly over budget. Some ships were finished, but riddled with so many flaws that they were unusable.US shipbuilders blamed foreign government subsidies, claiming they were really bad at their jobs because other countries were giving their shipbuilding entities more money to exist, and President Bill Clinton was able to secure an agreement with many of the US's trading partners to temper these subsidies a bit, in response to those complaints. Though when US shipbuilders realized this agreement would also mean they would lose some of their subsidies, in the tradeoff, they switched to campaigning against it, and the US ultimately wasn't involved in that agreement.The US's shipbuilding efforts improved a bit in the late-90s and early 2000s, but efforts elsewhere were better, and while the US produced about 3% of all commercial shipping tonnage, of all trade-related naval vessels, basically, in the early 1970s, by 1999, that was down to 0.25% of global tonnage.At this point, following that aforementioned agreement to reduce subsidies and others like it, much of the world's shipbuilding industries are on pretty solid footing without government support, while the US's is protected by the Jones Act, and very much not in solid shape; it's completely uncompetitive and wildly unproductive, and this has led to many secondary, knock-on issues, like increased prices, especially in places like Alaska, Hawaii, and Puerto Rico, but this actually reportedly costs the US economy something like 0.1 to 0.4% of its total GDP, so about $31.8 billion to $127.4 billion each year. And it's also hobbled our efforts to invest in things like offshore wind farms and other such infrastructure, because we simply don't have enough ships in operation to do that sort of thing. These ships also just cost so much to use, even when they're available, that the price of shipping and deploying things is overwhelming, especially compared to doing the same in other countries.In mid-March of 2026, the second Trump administration issued a Jones Act waiver for some types of product, including energy products, fertilizer, and related inputs, like ammonia. That means on an emergency basis, foreign-flagged, built, and staffed ships can operate in US waters, bringing these types of trade goods from US port to US port, without penalty.Within just two months of the waiver going into effect, dozens of foreign vessels entered the US trade market, reinforcing slumping trade routes and even creating new ones. The Gulf Cost to West Coast route has proved to be especially popular, seeing four times the trade activity from the Gulf to California in just those two months as we previously saw over the whole of 2025, combined, and a an entirely new route emerged, too, shipping naphtha from California to Texas.More shipping also arose between the US mainland and Puerto Rico, bringing propane to Puerto Rico in a usable volume for the first time because there are no liquified petroleum gas tankers in the Jones Act fleet; this meant that despite the large amounts of LPG produced in the US, Puerto Rico usually has to import their LPG from Chile and other foreign sources; this waiver allowed them to get it from the US mainland, instead.In April of this year, the Trump administration announced a 90-day extension of the Jones Act waiver. This waiver is intended to help moderate surging prices on all sorts of good, especially energy products, at a moment in which the closure of the Strait of Hormuz has created shortages of such products on global markets. That shortage has stoked inflation, all over the place, but especially in the US, hence this effort to temper that inflation; it is an election year in the US, after all.The waiver seems to be helping, in some limited regards at least, and it's providing all sorts of data for groups that oppose it, illuminating what seems to be latent demand for such trade routes, that demand typically unmet because of the limitations of the Jones Act on waterway and coastal trade in the US; there just aren't enough US-made and created and flagged ships performing this kind of trade because of that artificial monopoly.The American Maritime Partnership, however, which is a lobbying group put together by the US domestic maritime industry, recently launched an ad campaign aimed at ending the waiver, saying, basically, that the Jones Act protects the US maritime industry from unfair foreign competition, and that it protects the US from foreign threats that might otherwise infiltrate and negatively impact US markets; the implication being that terrorists or some such might come to the US with trade vessels, and then wreak havoc by doing terrorist things via these vessels, or maybe use them to bring more drugs into the country.Given the power such lobbying groups have in the US, there's a solid possibility that when an agreement is eventually reached with Iran over the Strait of Hormuz, and if global trade then returns to something like its previous default, this waiver will go away. That would be the politically expedient move by the Trump administration, because most people don't know enough about the Jones Act to care, but the maritime industry very much does, as without this artificial monopoly, they would probably be required to fundamentally change if they wanted to stay alive.There's evidence that getting rid of the Jones Act permanently might be beneficial on multiple fronts, especially in terms of inflation and overall economics, but also in terms of forcing the US maritime industry to make those costly, foundational changes. Despite the many possible benefits of doing away with this act, though, the ‘protect our borders from foreign invaders' aspect of the Jones Act might be enough to sway this administration toward fully reinstating it as soon as the conflict in Iran and inflation allows.Show Noteshttps://apnews.com/article/jones-act-trump-trade-abcac596db839bff3679b3117d2e81b2https://www.cato.org/blog/jones-act-waiver-data-reveals-universe-blocked-american-tradehttps://www.oecd.org/content/dam/oecd/en/publications/reports/2019/04/local-content-requirements-and-their-economic-effect-on-shipbuilding_f81e0027/90316781-en.pdfhttps://www.cato.org/blog/jones-act-contributes-offshore-wind-growing-painshttps://www.engine.online/news/us-maritime-group-urges-end-to-jones-act-waiver-7c1bhttps://gcaptain.com/chinese-cosco-tanker-delivers-asphalt-to-connecticut-under-jones-act-waiver/https://gcaptain.com/jones-act-waiver-reshapes-u-s-oil-trade-as-foreign-tankers-flood-domestic-routes/https://www.investopedia.com/terms/j/jonesact.asphttps://www.winston.com/en/legal-glossary/what-is-the-jones-acthttps://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bearhttps://www.atlasnetwork.org/articles/the-jones-act-is-costly-harmful-and-dangeroushttps://www.maritime.dot.gov/ports/domestic-shipping/domestic-shippinghttps://en.wikipedia.org/wiki/Merchant_Marine_Act_of_1920https://en.wikipedia.org/wiki/United_States_Merchant_Marinehttps://www.cato.org/blog/jones-act-contributes-offshore-wind-growing-pains This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe
[JB TIMES] 대전 한화에어로스페이스 폭발 사고..5명 사망·2명 중경상 SK하이닉스 청주공장 화재… 가스 누출로 7명 병원 이송 KBS 부산 보도국장, 여론조사 발표 30분 전 ‘국힘 캠프 유출' 특검 “관저회동서 尹이 충성 요구..‘내 머리에 총 쏘라' 발언도” '스타벅스 탈퇴' 인증샷 쏟아졌다…전액 환불 첫날 보니 5·18단체, 스타벅스 본사에 '탱크데이' 논란 항의 서한 LPG 오르니 노점도 택시도 학원차도 울상 - 더 막내작가
Enerji Günlüğü Haber Bülteni:Türkiye'nin ve Dünyanın Enerji Gündemienerjigunlugu.net
Why US butane is in high demand across Asia and what growing export volumes mean for prices, trade flows and infrastructure plans. The war in Iran and the Strait of Hormuz blockade have shaken LPG trade flows, sending delivered butane prices in Asia to multi-year highs and leaving buyers racing to secure alternative supply. US producers and exporters are stepping in fast—but can export capacity and logistics keep up with this unprecedented demand? Host Anu Agarwal (Vice President, Business Development, Argus Oil in Asia) is joined by Amy Strahan (Editor, LPG North America) to examine how Gulf Coast terminals and Mont Belvieu storage are operating at full capacity to keep cargoes moving, and why looming bottlenecks could reshape prices and trade flows in the months ahead.
Join Alastair Stevenson and Michael Mervyn-Jones for a round-up of the main highlights from this month's SSY Monthly Shipping Review (MSR), as well as an update on the ongoing conflict in Iran and the ramifications on global shipping markets. The SSY Monthly Shipping Review is available to download for all SSY Navigator subscribers. To subscribe to SSY Navigator, simply email navigator@ssyglobal.com Panellist contact details Alastair StevensonHead of Digital Analysis, SSYE: a.stevenson@ssyglobal.comMichael Mervyn-JonesDirector of Communications and Marketing, SSYE: m.mervyn-jones@ssyglobal.com About SSY Established in 1880, SSY has grown to become one of the biggest and most trusted names in broking, operating around the world via its 28 local offices – with over 650 experts covering a range of major markets including Dry Cargo, Tankers, Derivatives, LNG, Sale and Purchase, Offshore, Rigs, Nuclear Energy, Chemicals, Aquaculture, LPG, Towage, Recycling and Corporate Finance. SSY has a global reach with offices in Aberdeen, Athens, Bergen, Copenhagen, Dubai, Geneva, Genoa, Hamburg, Hong Kong, Houston, Kristiansand, London, Madrid, Mumbai, New York, Osaka, Oslo, Rio, Rotterdam, Seoul, Shanghai, Singapore, Stamford-USA, Sydney, Tokyo, Vancouver, Varna, Zug.www.ssyglobal.com Hosted on Acast. See acast.com/privacy for more information.
Shane Jones says many businesses won't survive without help moving away from natural gas. The Government's setting money aside in Thursday's Budget to back loans for firms transitioning to other forms of energy. The Associate Energy Minister told Mike Hosking many industries reliant on natural gas have been seeing their energy costs surge. He says unless the Crown steps in, many face dire options and will fail. Recipients can transition to any other type – not necessarily renewable energy. Jones told Hosking it's up to each business what they use. He says some may go towards LPG, some to electricity if local lines company can cope, and some to coal. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Idag börjar det djupt och slutar… någon helt annanstans. Vi pratar om varför en dålig dag faktiskt får finnas, dyker ner i lymfsystemet och akut LPG, och landar i en härligt ärlig diskussion om fillers, sockervaxning och konsten att känna sig perfekt. Produceras av More Than Words Hosted on Acast. See acast.com/privacy for more information.
Editor Peter Wilton is joined by LPG World editor Matt Scotland and reporter Yasmin Zaman to unpack the latest findings from the Global LPG Storage Survey. They explore how clean cooking policies are driving modest capacity growth, a surge in project pipelines particularly in sub-Saharan Africa and what rising geopolitical tensions and shifting trade flows mean for future infrastructure investment. The Global LPG Storage Survey is now quarterly, providing an expanded view into each region. It is published as part of Argus LPG World, a renowned source of valuable insights to keep you up-to-date on the LPG markets.
दिल्ली-NCR में आज से तीन दिन की ट्रांसपोर्ट हड़ताल शुरू, पश्चिम बंगाल की फाल्टा सीट पर आज दोबारा वोटिंग, TMC सांसद काकोली घोष को Y कैटेगरी सुरक्षा दी गई, प्रधानमंत्री नरेंद्र मोदी आज मंत्रीपरिषद की अहम बैठक करेंगे, BSP ने 2027 यूपी चुनाव से पहले संगठन में बड़े बदलाव शुरू किए, भारत में पेट्रोल-डीजल और LPG महंगा होने की चेतावनी, यूपी के कॉलेजों में यूनिफॉर्म अनिवार्य, बंगाल के मदरसों में ‘वंदे मातरम्' गाना जरूरी किया गया, झारखंड में 25 नक्सलियों के सरेंडर की तैयारी, मौसम विभाग ने यूपी में भीषण लू का अलर्ट जारी किया, UAE ने होर्मुज स्ट्रेट संकट के बीच नई ऑयल पाइपलाइन परियोजना को 50% पूरा होने का दावा किया. सिर्फ 5 मिनट में सुनिए सुबह 10 बजे तक की बड़ी ख़बरें.
Good Morning, I'm Nelson John. Today on Top of the Morning, five stories about pressure and how institutions respond when it shows up. TCS has quietly told managers to classify 5% of employees as underperformers under "Band D," right after completing a 12,200-person workforce cut. We break down what Band D actually means, why this 5% quota is new, and what it says about margins in the IT sector. Vodafone Idea has reported its first profitable quarter in six years but most of that ₹51,970 crore profit is a one-time accounting gain from revised AGR dues. We unpack what the real underlying numbers look like. Adani Enterprises has agreed to pay $275 million to the US Treasury's OFAC over LPG shipments allegedly linked to Iran. Here's what the settlement covers and what's still open. India's palm oil import bill is climbing fast, and Indonesia's B50 biodiesel mandate is the next pressure point on global supply. And the WHO has declared the Ebola outbreaks in Congo and Uganda a Public Health Emergency of International Concern. Here's what India is doing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Justin is joined by License Plate Guy to talk all about his Brian Burns celebrity softball game on May 30th! They talk about how and why the charity attached to the game means so much to them and how awesome Burns has been to work with. Plus they talk about the schedule, Jaxson Dart, a possible OBJ reunion, draft night stories, season expectations and more! Get tickets to LPG's softball game here: https://spidagame.com/ Download the Fanatics Sportsbook app , use code JOMBOY https://fanatics.onelink.me/5kut/JOMBOY New customers who sign up and Bet $5, Get $100 in FanCash*. Use FanCash on bonus bets, profit boosts, team gear and more on Fanatics.com. Use our code for 10% off your next SeatGeek order*: https://seatgeek.onelink.me/RrnK/JOMB.... Sponsored by SeatGeek. *Restrictions apply. Max $20 discount Check out our Merch: https://shop.jomboymedia.com/collecti... Subscribe to JM Football for our NFL coverage: / @jmfootball Follow along with Jomboy Media at theshownotes.jomboymedia.com *New customers in AZ, CO, CT, DC, IA, IL, IN, KS, KY, LA, MA, MD, MI, MO, NC, NJ, NY, OH, PA, TN, VA, VT, WV, or WY. Must toggle on this promotion in your bet slip and wager $5+ cash on any market (min. odds -500) within 7 days of account opening to receive $100 in FanCash. Promotional FanCash expires 7 days from issuance (at 11:59pm ET). Terms, including FanCash terms apply-see Fanatics Sportsbook app. Use FanCash on bonus bets, profit boosts, team gear on Fanatics.com and so much more. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Join us LIVE for 1925 - The New York Giants Podcast! Tom, George and Nick are back as they break down Big Blue's 2026 schedule and make some predictions! Stay tuned as we promote LPG's charity work and preview the Brian Burns Celebrity Softball Game! t's 1925 - The New York Giants Podcast on Facebook Live and YouTube @1925PodcastBigBlue and @ReviewandPreviewSports!!
A version of this essay has been published by rediff.com at https://www.rediff.com/news/column/gulf-war-crisis-why-india-will-take-a-huge-hit/20260511.htmIn the heat and dust of elections, many of us have forgotten that there is a war going on. But the PM's warning about sacrifices and conservation reminds us that this essentially unwinnable war, and the on-again, off-again negotiations to bring it to a closure, are going to hit every one of us in our wallets.On 30th April, the Pentagon announced that the US had so far spent $25 billion on the West Asia war. This is a staggeringly huge number, and I was startled because I had casually thrown around this number as the ultimate cost of the war for all parties. Clearly I underestimated the damage, if this is the US' cost alone. Add the other frontline states, and then the untold misery and cost imposed on all of us innocent bystanders. And it's not over yet by any means.Pete Hegseth, the US secretary of war (self-fulfilling prophecy, isn't it, they changed the name from secretary of defense, and lo! they went to war immediately thereafter) bristled at the idea of a quagmire, according to The Economist. But I am old enough to remember Vietnam, and then Afghanistan. These forever wars are easy to get into, but hard to get out of.Indeed, the war has become not only an impasse, but also a charade. Even considering how the narrative gets bizarre from all sides during every war, this one seems especially messed up. So much so that there literally is no point in paying attention to the day-to-day events, because they don't seem to make much difference. Except of course, when the price of Brent crude hits $120, as it did on April 30th, twice what it was before the war. Ouch! And Hormuz is still closed.India is reeling under a heatwave, and we live under the Damocles' sword of power cuts. Kerala announced a half hour of rolling cuts (anodyne euphemism: “load shedding”) every night, but they will not tell you when or where the cuts will be. This is like the Malayalam proverb: “the guy who got hit by lightning was then bitten by a snake”. Incidentally, there's been a number of deaths from snakebites in Kerala as the reptiles enter houses seeking cooler temperatures.If this El Nino weather holds up, India's assumptions about load (maximum 270 GW) will be challenged: we hit a record on April 25th of 256 GW peak demand, and the fact that the grid didn't collapse is admirable, but being so close to the maximum is worrying. In Kerala, the grid cannot absorb the solar electricity produced by many households during the day because the Electricity Board did not purchase enough storage batteries: so much for on-grid.I am also fairly confident that once the elections are over, the government will be forced to increase fuel prices. Petrol has held steady at pump prices of Rs. 107.45/liter for a few years, but as crude oil prices have doubled, I see an inevitable rise not of Rs. 28 or so as speculated, but Rs. 50-100 based on how much inflation the Reserve Bank is willing to tolerate. In passing, I remember seeing somewhere that petrol prices have reached Pak Rs. 500/liter in that country.Therefore I have stopped paying much attention to the daily press releases and JUST IN, BREAKING NEWS types of ‘analysis' (some of the most prominent of these are clear AI slop, possibly manufactured by Chinese troll farms). The big picture is that the Straits of Hormuz remain blocked, the amount of oil and gas coming from the Persian Gulf remains diminished dramatically, and recovery may take months, if not years, even if the strait is unblocked.The chances are increasing that this will become a protracted war, as the principals are standing by their maximalist positions, where this is little reason to believe they will be able to arrive at a via media and a lasting ceasefire.It is not business as usual. This is the biggest energy shock since 1973, and as always, it is developing countries that will be most seriously affected. India is going to take a large hit, with inflation rising by, say, 2%, and GDP growth falling from 7+% to 6%.There are several things India needs to do urgently:* Strive for self-reliance (“Atmanirbhar”) in a variety of areas* Diversify its sources of hydrocarbons to other geographies eg. Africa, South America, Central Asia (through Chabahar), and accelerate exploration of its own (offshore and onshore) blocks as Mumbai High and Assam fields are aging rapidly* Pursue other forms of energy:* Renewables* Coal, including carbon sequestration* Biofuels* Nuclear (both SMR and FBR)* Shift households from LPG to LNG, including tapping Krishna Godavari wells, coal gasification, biomassEspecially at a time when electricity demand for new industries (eg. generativeAI data centers, semiconductors) is ramping up, it is important for India's manufacturing rise to ensure that this does not become a constraint. From a consumer perspective, increased affluence brings increased electricity demand.In addition, the Indian migrant worker population of about 10 million in West Asia, and their inward remittances of some $40-$50 billion per annum (total of $120 billion globally) may be increasingly under pressure if oil/gas production does not go back to pre-war levels.There is one more factor: India needs military muscle. As I said about Pax Indica, the Indian Ocean needs a strong, impartial facilitator of trade in the Hormuz to Malacca sea-lanes, and India is best placed to do this, harking back to Rajendra Chola re-opening Malacca in 1025 CE. But this requires three things:* Major container ports: Trivandrum (Vizhinjam), Vadhavan, Great Nicobar (Galathea Bay)* The ‘switch' to ease multiparty, multi-protocol trade: the India Stack* Security: three aircraft carrier groups, two dozen SSBNs, SSNs, AIP diesel submarinesThis is the time for India to plan forward fully, with the goal of Atmanirbharata, and energy security. The Persian Gulf is no longer a reliable source. The war is indeed a quagmire.950 words This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com/subscribe
Send us Fan MailThis week on The State of Energy, Tom Clark and Rand DeWitt take on the fast-growing world of AI, data centers, and the energy demand that comes with them. From Utah's proposed massive data center projects to the global movement of LPG through the Strait of Hormuz, the conversation shows how connected energy, technology, and propane really are.Special guests Kevin Jaffe and Matt Tredinnick from Mopeka join the show to talk about why data matters in the propane industry, how tank monitoring is evolving, and why products like Sentinel and GaugeLink are helping marketers improve safety, efficiency, and customer service. It's a conversation about propane, power, technology, and the digital future of the industry.
राहुल गांधी को इलाहाबाद हाईकोर्ट से राहत मिली, चुनाव खत्म होते ही LPG कमर्शियल और 5 किलो सिलेंडर महंगे हुए, नए नियम भी लागू, भगवंत मान पर विधानसभा में शराब पीकर आने के आरोप लगे, जिस पर विपक्ष ने जांच की मांग की, अप्रैल 2026 में GST कलेक्शन रिकॉर्ड स्तर पर पहुंचा, हरिद्वार में बुद्ध पूर्णिमा पर भारी भीड़ उमड़ी, देश का पहला बैरियर-लेस टोल सिस्टम लॉन्च, अमेरिका में एक भारतीय छात्र ने आत्महत्या की, पाकिस्तान में पेट्रोल-डीज़ल महंगा हुआ और ईरान के विदेश मंत्री ने अमेरिका और इज़राइल को लेकर बड़ा दावा किया. सिर्फ 5 मिनट में सुनिए शाम 4 बजे तक की बड़ी ख़बरें.
पंजाब विधानसभा का आज विशेष सत्र, अमित शाह लद्दाख दौरे पर, महाराष्ट्र में ऑटो-टैक्सी चालकों के लिए मराठी सीखना अनिवार्य, जबलपुर के बरगी डैम हादसे में 9 शव बरामद, दिल्ली में कमर्शियल LPG सिलेंडर महंगा, Air India विंटर शेड्यूल से 10% उड़ानें घटाएगी, ट्रंप ने ईरान युद्ध पर संसदीय प्रस्ताव टाला, पश्चिम एशिया में तनाव बरकरार, UAE ने ईरान-इराक की यात्रा पर रोक लगाई; म्यांमार में आंग सांग हाउस अरेस्ट में शिफ्ट और IPL में कल Gujarat Titans की जीत, सिर्फ़ 5 मिनट में सुनिए सुबह 10 बजे तक की बड़ी ख़बरें.
As the world's critical waterways come into sharp focus, the Panama Canal is in the middle of one of the most ambitious transformation phases in its history. In this episode, recorded at CMA Shipping 2026, Seatrade Maritime News Correspondent Gary Howard speaks with Dr. Ricaurte Vásquez, Administrator of the Panama Canal, about how the waterway is adapting to climate pressures, growing trade volumes, and the energy transition.They discuss:Lessons learned from the recent drought and new plans for water security, including a major new reservoir projectThe vision for an LPG energy corridor and pipeline handling ethane, propane, and butane between the Atlantic and PacificThe development of new container terminals and a cross-isthmus road, and how these projects fit into a wider logistics ecosystemHow the Canal is shifting from simply moving ships to optimising cargo flows and offering more flexible options to customersThe net-zero transit slot, the Canal's commitment to be carbon neutral by 2050, and how shipowners are respondingInvestment models, concession structures, and how Panama aims to balance value for customers, investors, and the Panamanian peopleTune in to hear the plans in place to keep one of the world's most strategic arteries reliable, competitive, and relevant through to 2050 and beyond.If you enjoyed this episode, please subscribe to ensure you don't miss our latest uploads. For the latest news on the shipping and maritime industries, visit www.searade-maritime.com.Connect with Gary Howard:Follow on Twitter: https://twitter.com/GaryLeeHoward Follow on Twitter:: https://www.linkedin.com/in/garyleehoward/Don't forget to join the conversation and let us know what topics you want us to cover in future on Twitter, Facebook or LinkedIn
About the Guest Lewis Dunnigan is the CEO and co-founder of Bygen, an Australian deep-tech company reimagining how activated carbon is produced. Lewis came to the problem through his PhD research at the University of Adelaide, where he and his team recognised the commercial potential of their work and spun out the company. He brings both the scientific depth of an academic researcher and the commercial pragmatism of a founder who has already shipped product to customers on multiple continents. Episode Summary Activated carbon is one of the most widely used industrial materials on the planet — and one of the least talked about. It filters your drinking water, treats industrial gas emissions, recovers gold from ore, remediates contaminated land, and even plays a role in pharmaceutical processing and energy storage. In this episode of Shape the System, host Vincent Turner sits down with Lewis Dunnigan, CEO of Bygen, to unpack what activated carbon actually is, why the way it's currently made is both costly and environmentally damaging, and how Bygen's production technology is changing the equation. At its core, activated carbon is a highly porous solid material — visually indistinguishable from barbecue charcoal — but with a surface area so vast that a single teaspoon contains the equivalent of a football field. That porosity is what makes it such a powerful filtration medium: contaminants in liquids and gases are physically attracted to and trapped by the densely bonded carbon atoms inside. The problem is that making it the conventional way requires heating raw materials to around 1,000 degrees Celsius using fossil fuels like LPG or diesel — a process that is both expensive and carbon-intensive. The two dominant global feedstocks, coal and coconut shell, each carry their own environmental and social baggage. Bygen's core innovation integrates the two-stage production process — charcoal production and activation — into a single system that generates excess heat rather than consuming it. By combining both steps and developing alternative activation chemistries that operate at lower temperatures, Bygen has effectively eliminated the largest operating cost in conventional activated carbon manufacturing: the external energy input. The result is a cleaner, cheaper production process that uses sustainable feedstocks — including almond, walnut, and hazelnut shells, as well as wood — sourced locally to wherever the plant is built. Bygen already has a plant running on walnut shells in Northern California, and a truck was loading activated carbon for a water treatment plant during the recording of this episode. The company operates a licensing model, partnering with feedstock owners — such as large nut-processing or cracking facilities — who gain a way to convert a low-value byproduct (selling for perhaps $30–40 per tonne as cattle feed) into a high-value product worth around $4,000 per tonne. For end users like water treatment plants, Bygen competes not on price against cheap Chinese coal-based imports, but on quality, reliability, and service. The North Star is 200,000 tonnes of activated carbon produced annually using Bygen's technology — roughly 5% of the current global market of around 4 million tonnes per year — requiring five new project deployments per year and approximately 1 million tonnes of feedstock. The next 12 months are focused on building the team and capital base to make that deployment rate a reality. Key Takeaways One teaspoon of activated carbon contains the surface area of a football field — that extraordinary porosity is what makes it effective at trapping contaminants in water, gases, and industrial processes across a huge range of industries. Conventional activated carbon production burns fossil fuels at 1,000°C, making it both expensive and carbon-intensive; Bygen's integrated process generates excess heat rather than requiring external fuel, cutting the major cost driver and eliminating associated emissions. Bygen's licensing model locates plants at the source of feedstock — nut-cracking facilities, forestry byproduct sites — turning a low-value waste stream worth ~$30–40/tonne into an activated carbon product worth ~$4,000/tonne. The global activated carbon market is approximately 4 million tonnes per year, with Bygen targeting 5% of that (200,000 tonnes) via five plant deployments annually across the US, Europe, and Southeast Asia. Australia currently sends almost all spent activated carbon to landfill — unlike the US and Europe where regeneration (restoring used carbon to a near-virgin state) is standard — a gap Bygen is actively working to close. Notable Quotes "Despite these great use cases, the way that it's been made for the last hundred plus years is very, very harmful to the environment. And it's also very expensive." — Lewis Dunnigan "The production method basically generates excess heat rather than requiring lots of additional energy input. And that basically means that we completely eliminate that major cost of conventional producers." — Lewis Dunnigan "We don't really want to get involved in a pricing war. We can focus really on quality, on reliability, on customer service — and that's basically how we break into the market." — Lewis Dunnigan "Australia has such an amazing research background that is so poorly translated into commercial outcomes. Being able to be one of the companies that can help show that is possible brings us all a lot of satisfaction." — Lewis Dunnigan "There's no point working 18-hour days if you're not applying it in the right way. If you can apply your time based on your experience and your knowledge more effectively, you don't need to do that." — Lewis Dunnigan Resources Bygen Shape the System is an independent podcast with support from KPMG High Growth Ventures More about KPMG High Growth VenturesScale up for success. We're here for that.We navigate founders and their teams to the services they need to reach their next milestone. From startup to scale and beyond. No matter where you are right now, we'll get you the help you need to drive your business forward. We help founders fully realise their potential, as well as the potential of their team and their business, by connecting them to the expertise, skills and resources they need at every stage of their growth journey.Our extensive experience in partnering with evolving businesses means that we can provide you with tailored support as well as independent and practical insights. Whether you are looking to refine your strategy, establish your operations, prepare for a capital raise, expand abroad or simply comply with regulatory requirements, we are here to help.Links:Website: About (highgrowthventures.com.au)LinkedIn: https://www.linkedin.com/showcase/kpmg-enterprise-high-growth-ventures/Contacts: highgrowthventures@kpmg.com.au
Our guy LPG rejoins the program for our last episode of the pre-draft cycle. With less than 24 hours to go we have one final discussion around what the Giants might do on draft night. Stick and pick, trade, who are our favorites, who we don't want, all that and more. Shoutout LPGs Spida Game - go get your tickets for a once in a lifetime experience at spidagame.com
Join Alastair Stevenson and Michael Mervyn-Jones for a round-up of the main highlights from this month's SSY Monthly Shipping Review (MSR) as well as a spotlight on the Strait of Hormuz and what its continued closure means for energy supply. The SSY Monthly Shipping Review is available to download for all SSY Navigator subscribers. To subscribe to SSY Navigator, simply email navigator@ssyglobal.com Panellist contact details Alastair StevensonHead of Digital Analysis, SSYE: a.stevenson@ssyglobal.comMichael Mervyn-JonesDirector of Communications and Marketing, SSYE: m.mervyn-jones@ssyglobal.com About SSY Established in 1880, SSY has grown to become one of the biggest and most trusted names in broking, operating around the world via its 28 local offices – with over 650 experts covering a range of major markets including Dry Cargo, Tankers, Derivatives, LNG, Sale and Purchase, Offshore, Rigs, Nuclear Energy, Chemicals, Aquaculture, LPG, Towage, Recycling and Corporate Finance. SSY has a global reach with offices in Aberdeen, Athens, Bergen, Copenhagen, Dubai, Geneva, Genoa, Hamburg, Hong Kong, Houston, Kristiansand, London, Madrid, Mumbai, New York, Osaka, Oslo, Rio, Rotterdam, Seoul, Shanghai, Singapore, Stamford-USA, Sydney, Tokyo, Vancouver, Varna, Zug.www.ssyglobal.com Hosted on Acast. See acast.com/privacy for more information.
- Đẩy mạnh kích cầu tiêu dùng, phát triển thị trường nội địa.- Cao điểm kiểm tra khí hoá lỏng LPG tại Lạng Sơn: hàng loạt vụ vi phạm bị xử lý.
Amid pressure on the freedom of expression in Indonesia, Reformasi Dispatch examines the dynamics with Wahyu Dyatmika, a director of the Tempo Media Group. Wahyu joins the pod to discuss attitudes in civil society and the media in the wake of the acid attack on Andrie Yunus, including whether self-censorship is becoming more prevalent in the media. Wahyu, Erin and Kevin also discuss institutional rivalries that the acid attack exposed, as well as potential fallout ahead from the global energy crisis and LPG supply constraints.It takes a lot of money to run a podcast. You need subscription fees for hosting, audio recording services, editor's salary and music licensing. Luckily, you, estemeed listeners of Reformasi Dispatch podcast can help us.You can donate to us on buymeacoffee.com/reformasi and help us grow!
In this episode, Waldemar Jaszczyk speaks to George Webb, Chief Executive of Liquid Gas UK, to unpack the sector's support for a 10% Renewable Heat Obligation by 2030. Webb lays out why the industry sees the RHO as key to securing LPG's future in the off‑grid energy mix and scaling up renewable liquid gases — and why the plan only adds up if government delivers targeted policy support.
Investor sentiment improved as the Strait of Hormuz reopened for commercial shipping amid a fragile Israel–Lebanon ceasefire, easing concerns around oil supply disruptions. On the dealmaking front, KKR has revived plans to sell a controlling stake in Re Sustainability, while Brookfield India REIT has upsized its QIP to Rs 2,600 crore due to strong investor demand. Liberalised FDI norms are attracting global insurers again, the government is focusing on long-term resilience through a massive LPG pipeline project and franchise films are no longer drawing as many viewers to the theatre. All this and more in today's edition of Moneycontrol Editor's Picks.
The global oil market still runs on a horribly fragmented system where physical barrels, paper contracts, and financial settlement operate in parallel but disconnected layers. Transactions are dependent on manual processes, emails, PDFs, and handshake relationships built over decades. For a trillion dollar industry, the core trading infrastructure remains slow, opaque, and largely inaccessible for all but the largest players. This creates real operational and financial constraints. Settlement delays can stretch to 90 days, tying up working capital and exposing companies to liquidity risk. Market access is hobbled by lengthy know-your-customer processes and high barriers to entry. Here in the spring of 2026, with the Strait of Hormuz blocked, these inefficiencies add up to systemic challenges that will make eventual recovery much harder than it needs to be. It's time for a new approach, one that digitizes the physical barrel itself. By tokenizing crude oil into smaller, tradable units, markets can accelerate settlement, improve transparency, and broaden participation. Imagine a token that represents a real, physical quantity of oil, enabling traceability across the supply chain and creating a new layer of market visibility. This also opens the door to fractional ownership and new forms of capital access that were previously unavailable. In this episode, I am speaking with Baron Lamarre, co-founder of INDEX, the International Digital Exchange, about how tokenization could fundamentally reshape oil trading. We explore the inefficiencies of today's system, the mechanics of turning barrels into digital assets, and why this shift could materially improve cash flow, transparency, and market access across the energy sector.
One of New Zealand's most iconic beers is going green. Speight's has upgraded its LPG boiler to electric. Lion Chief Operating Officer and NZ Country Director Craig Baldie spoke to Ingrid Hipkiss.
In today's edition of Moneycontrol Editor's Picks: Bhagwati Products Ltd has begun preparations for an IPO, markets rallied on easing crude prices and hopes of renewed US-Iran talks, investor confidence may take hit after Noida workers protest but Centre's new rules under labour codes are likely to bring uniformity in wages. The Iran war's long-term impact could disrupt global LPG supply for 3–4 years, pushing India to explore alternative sources. Meanwhile, a cooler summer in North India has raised concerns for AC makers, though demand in southern markets remains strong. More inside. Tune in!
Tom, George and Nick are excited to interview this week's special guest, The Ultimate New York Giants Superfan, Joe Ruback a.k.a License Plate Guy! Stay tuned as we promote LPG's charity work and preview the Brian Burns Celebrity Softball Game! t's 1925 - The New York Giants Podcast on Facebook Live and YouTube @1925PodcastBigBlue and @ReviewandPreviewSports!!
In the weeks leading up to the ceasefire, the impact of the war in the Middle East was felt far beyond the region, reaching countries such as India. The nation of nearly 1.5 billion people relies heavily on imports of cooking gas, or LPG, much of it sourced from the Middle East. When Iran blocked the Strait of Hormuz – a critical global shipping route – supplies were severely disrupted. Long queues formed outside distribution centres in major cities, forcing many to turn to the black market. The conflict has also put at risk the lives of nearly ten million Indians living and working in Gulf countries. At least eight Indian migrant workers have been killed in war-related incidents. Many others remain stranded, unable to afford the high cost of flights home, as their families wait anxiously for their return. Even with a fragile ceasefire in place, those affected continue to live in precarity – and, for some, in grief. Report by Supriya Kumar, Fantine Dantzer, Alban Alvarez and Khansa Juned.
An interruption in shipments of LPG, the ubiquitous cooking fuel in Indonesia, will likely cause shortages soon, with consequences for the image of the administration. And to safeguard petrol and diesel, Indonesia is moving towards rationing and even greater use of biodiesel. Meanwhile, Tempo has produced revelations about how the acid attack on Andrie Yunus unfolded -- with signs of an institutional approach and broad targets. And Kevin and Erin discuss a consortium poll on attitudes toward democracy, military politics and President Prabowo's foreign policy approach to Gaza and the Board of Peace.It takes a lot of money to run a podcast. You need subscription fees for hosting, audio recording services, editor's salary and music licensing. Luckily, you, estemeed listeners of Reformasi Dispatch podcast can help us.You can donate to us on buymeacoffee.com/reformasi and help us grow!
The war in Iran has put focus on India's oil & gas import dependency. While India imports almost 90% of its crude, we also get 50% of our LNG requirements from other countries & almost 70% of LPG. #CutTheClutter Ep 1819 looks at India's LPG & LNG imports, consumption and production. ThePrint Editor-In-Chief Shekhar Gupta also explains possible how the war in Iran on India.
──────────────────────────────────────── [00:03:36] Philippines Declares National Emergency — Fuel Supplies Measured in Days, Not Months The Philippines has declared a national state of emergency due to war-related supply chain disruptions. Jet fuel reserves are down to 38 days, LPG to 23 days, with the IEA confirming the current disruption already exceeds the combined supply losses of both 1970s oil shocks. ──────────────────────────────────────── [00:09:25] US Only Has Two Months of Rare Earths Left — Trump Cut the Supply Chain Before Securing a Domestic Source China's rare earth embargo following Trump's tariff war has left the US with approximately two months of the materials needed to manufacture precision guided weapons — the same weapons being consumed at record rates in the Iran campaign — with no domestic replacement source established. ──────────────────────────────────────── [00:14:24] The Real Strategic Goal: US Control of All Major Oil Export Resources Outside Russia Analysis presented argues that the war's actual objective is to use Iran's destruction of Gulf State infrastructure as a pretext for the US to seize control of Middle Eastern oil resources — giving Washington the power to turn energy on or off for any country that resists its economic agenda. ──────────────────────────────────────── [00:18:13] Bank of America Warns European Gas Could Jump 17-Fold — Mortgage-Sized Monthly Energy Bills Ahead Bank of America has warned that European natural gas prices could surge from 29 euros to as high as 500 euros this winter — a 17-fold increase — which would produce monthly energy bills potentially exceeding mortgage payments and trigger a full economic emergency across Europe and large parts of Asia. ──────────────────────────────────────── [00:22:05] NASDAQ and NYSE Moving to Tokenize the Entire $126 Trillion Equity Market on Blockchain Wall Street's two largest exchanges are partnering with crypto platforms to tokenize the entire US equity market, with analysts warning this adds another layer of abstraction between investors and actual ownership — and that in a crisis, token holders would be last in line behind brokers and the Depository Trust Company. ──────────────────────────────────────── [00:37:38] US Treasury Officially Declared the United States Insolvent — Media Missed It A Forbes headline reports that the US Treasury's own numbers amount to an official declaration of insolvency, with real debt estimated at $143 trillion rather than the reported $38–39 trillion when unfunded liabilities like Social Security are included. ──────────────────────────────────────── [01:01:49] Trump Reversed on FISA 702 — Now Pushing Warrantless Surveillance He Campaigned Against Trump, who called for abolishing FISA Section 702 warrantless surveillance during his 2024 campaign, is now pushing to extend it — described as part of a broader pattern of paving the way for a police state, AI-driven technocracy, and permanent emergency powers under war conditions. ──────────────────────────────────────── [01:20:00] Trump's FDA Chief Seamlessly Moved to Pfizer Board While Simultaneously on DoD Biodefense Contractor Board Former FDA Commissioner Scott Gottlieb, who approved COVID interventions under Trump, transitioned directly to Pfizer's board while simultaneously sitting on the board of a DoD-subsidized biomanufacturing firm — cited as the structural model now being replicated with glyphosate immunity and AI deregulation. ──────────────────────────────────────── [01:23:04] Joe Kent's Resignation Torches the Bridge — FBI Investigation, Graham Calls Him a Traitor Joe Kent resigned from the National Counterterrorism Center directorship amid a firestorm, with Lindsey Graham and Laura Loomer immediately branding him an anti-Semite and traitor. The segment frames this as a loyalty litmus test revealing who in Washington serves Israeli interests over American ones. ──────────────────────────────────────── [01:32:17] United Airlines CEO: Jet Fuel Has More Than Doubled — $11B Extra Annual Cost on Best Year of $5B Profit United Airlines CEO reports jet fuel costs have more than doubled in three weeks, projecting an additional $11 billion in annual fuel costs against a record best-year profit of under $5 billion — making current ticket prices structurally unsustainable and signaling imminent airline sector collapse. ──────────────────────────────────────── [01:46:50] Scott Ritter: US Military Bases Across Seven Countries Are Being Evacuated — This Is a Military Collapse Former military intelligence officer Scott Ritter details the systematic evacuation of 13 US military bases across Kuwait, Qatar, Bahrain, Saudi Arabia, Iraq, and Syria, with Iran having destroyed the billion-dollar radar array that was the heart of the anti-missile defense system — calling Pentagon language about "strategic redeployment" an institutional deception. ──────────────────────────────────────── [01:41:09] No Authorization, No Goals, No Plan — $200B Iran War Supplemental Sought With Zero Congressional Oversight The Iran war has entered its fourth week with no congressional authorization, no declared war, no stated strategic objectives, and no clarity from the Pentagon — while the White House is now requesting $200 billion in supplemental war funding that Republicans in both chambers have already voted not to weigh in on. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHT Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.
──────────────────────────────────────── [00:03:36] Philippines Declares National Emergency — Fuel Supplies Measured in Days, Not Months The Philippines has declared a national state of emergency due to war-related supply chain disruptions. Jet fuel reserves are down to 38 days, LPG to 23 days, with the IEA confirming the current disruption already exceeds the combined supply losses of both 1970s oil shocks. ──────────────────────────────────────── [00:09:25] US Only Has Two Months of Rare Earths Left — Trump Cut the Supply Chain Before Securing a Domestic Source China's rare earth embargo following Trump's tariff war has left the US with approximately two months of the materials needed to manufacture precision guided weapons — the same weapons being consumed at record rates in the Iran campaign — with no domestic replacement source established. ──────────────────────────────────────── [00:14:24] The Real Strategic Goal: US Control of All Major Oil Export Resources Outside Russia Analysis presented argues that the war's actual objective is to use Iran's destruction of Gulf State infrastructure as a pretext for the US to seize control of Middle Eastern oil resources — giving Washington the power to turn energy on or off for any country that resists its economic agenda. ──────────────────────────────────────── [00:18:13] Bank of America Warns European Gas Could Jump 17-Fold — Mortgage-Sized Monthly Energy Bills Ahead Bank of America has warned that European natural gas prices could surge from 29 euros to as high as 500 euros this winter — a 17-fold increase — which would produce monthly energy bills potentially exceeding mortgage payments and trigger a full economic emergency across Europe and large parts of Asia. ──────────────────────────────────────── [00:22:05] NASDAQ and NYSE Moving to Tokenize the Entire $126 Trillion Equity Market on Blockchain Wall Street's two largest exchanges are partnering with crypto platforms to tokenize the entire US equity market, with analysts warning this adds another layer of abstraction between investors and actual ownership — and that in a crisis, token holders would be last in line behind brokers and the Depository Trust Company. ──────────────────────────────────────── [00:37:38] US Treasury Officially Declared the United States Insolvent — Media Missed It A Forbes headline reports that the US Treasury's own numbers amount to an official declaration of insolvency, with real debt estimated at $143 trillion rather than the reported $38–39 trillion when unfunded liabilities like Social Security are included. ──────────────────────────────────────── [01:01:49] Trump Reversed on FISA 702 — Now Pushing Warrantless Surveillance He Campaigned Against Trump, who called for abolishing FISA Section 702 warrantless surveillance during his 2024 campaign, is now pushing to extend it — described as part of a broader pattern of paving the way for a police state, AI-driven technocracy, and permanent emergency powers under war conditions. ──────────────────────────────────────── [01:20:00] Trump's FDA Chief Seamlessly Moved to Pfizer Board While Simultaneously on DoD Biodefense Contractor Board Former FDA Commissioner Scott Gottlieb, who approved COVID interventions under Trump, transitioned directly to Pfizer's board while simultaneously sitting on the board of a DoD-subsidized biomanufacturing firm — cited as the structural model now being replicated with glyphosate immunity and AI deregulation. ──────────────────────────────────────── [01:23:04] Joe Kent's Resignation Torches the Bridge — FBI Investigation, Graham Calls Him a Traitor Joe Kent resigned from the National Counterterrorism Center directorship amid a firestorm, with Lindsey Graham and Laura Loomer immediately branding him an anti-Semite and traitor. The segment frames this as a loyalty litmus test revealing who in Washington serves Israeli interests over American ones. ──────────────────────────────────────── [01:32:17] United Airlines CEO: Jet Fuel Has More Than Doubled — $11B Extra Annual Cost on Best Year of $5B Profit United Airlines CEO reports jet fuel costs have more than doubled in three weeks, projecting an additional $11 billion in annual fuel costs against a record best-year profit of under $5 billion — making current ticket prices structurally unsustainable and signaling imminent airline sector collapse. ──────────────────────────────────────── [01:46:50] Scott Ritter: US Military Bases Across Seven Countries Are Being Evacuated — This Is a Military Collapse Former military intelligence officer Scott Ritter details the systematic evacuation of 13 US military bases across Kuwait, Qatar, Bahrain, Saudi Arabia, Iraq, and Syria, with Iran having destroyed the billion-dollar radar array that was the heart of the anti-missile defense system — calling Pentagon language about "strategic redeployment" an institutional deception. ──────────────────────────────────────── [01:41:09] No Authorization, No Goals, No Plan — $200B Iran War Supplemental Sought With Zero Congressional Oversight The Iran war has entered its fourth week with no congressional authorization, no declared war, no stated strategic objectives, and no clarity from the Pentagon — while the White House is now requesting $200 billion in supplemental war funding that Republicans in both chambers have already voted not to weigh in on. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHT Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.
Welcome to PGX: Raw & RealPGX: Raw & Real is simple. I sit with people who've lived through something and/or made it big.This isn't meant to be inspiration or a template for life (for that, you can check out PGX Ideas).This space is different. It's their story, as they experienced it.In this episode, I spoke to Aditya Pratap Singh — Geopolitics educatorTimestamps:00:00 - Trailer and Intro02:58 - PM Modi's warning: LPG crisis is the NEW COVID?16:09 - The Ayatollah's Successor: A more dangerous Iran?35:05 - US Spy caught in India41:53 - 100 year war in Middle East1:11:32 - Is Pakistan still relevant1:26:45 - How the conflict finally endsEnjoy.— Prakhar___________________________________________________________________________________________________Watch NextIf you're looking for human stories & emotion, go to PGX Raw & Real → https://www.youtube.com/playlist?list=PLa6DgTttATAc0hftp0aZtUvCgVSKO8hbxIf you want ideas, insight, and perspective, go to PGX Ideas → https://www.youtube.com/playlist?list=PLa6DgTttATAcNdrNSG8Hh78TK-5A0EJbC___________________________________________________________________________________________________Learn with MeMaster the art of Conversation → https://www.artofconversation.in/___________________________________________________________________________________________________Guest - Aditya Pratap SinghYouTube: @WorldAffairsUnacademy ___________________________________________________________________________________________________PGX SocialsInstagram → https://www.instagram.com/pgxpodcast/X (Twitter) → https://twitter.com/pgxpodcastLinkedIn → https://www.linkedin.com/in/prvkhvr/Clips Channel → https://www.youtube.com/@PGXClips___________________________________________________________________________________________________Follow meTwitter: https://twitter.com/prvkhvrInstagram: https://www.instagram.com/prvkhvr/LinkedIn: https://www.linkedin.com/in/prvkhvr/___________________________________________________________________________________________________#prakharkepravachan #prakhargupta #IranVsUSA #HormuzCrisis #MiddleEastWar #Geopolitics #worldnews #pgx #raw #real
First, we talk to The Indian Express' Zeeshan Shaikh and Drisht Jain about the LPG crisis that has been caused due to the ongoing war in West Asia. They share the situation on ground, how the shortage is impacting eateries and the lower-icome households and the measures that have been taken by the state and the central government. Next, we talk to The Indian Express' Kanchan Vasdev about Punjab CM Bhagwant Mann's demand of Rs 1.44 lakh crore from Rajasthan on the pretext that the state has been taking water from river Sutlej since 1960. She talks about the pre-independence agreement that supported this argument and how things have changed over the years. (15:38)Lastly, we talk about the government considering cutting online content blocking timeline to one hour. (23:34)Hosted by Niharika NandaProduced by Shashank Bhargava and Niharika NandaEdited and mixed by Suresh Pawar
휘발유 가격이 오르면서 LPG가 대안으로 다시 주목받고 있지만, 정작 주유소와 차량은 줄어들고 있습니다.
Our Asia Energy Analyst Mayank Maheshwari discusses how the conflict in the Middle East is sending ripple effects through Asia's energy, power and food systems.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mayank Maheshwari, Morgan Stanley's research analyst covering energy markets in India and Southeast Asia.Today—how disruptions linked to Iran and the Strait of Hormuz are creating energy-related disruptions across Asia.It's Monday, March 23rd, at 8am in Singapore.To understand the scale of the impact, let's start with a simple fact: about a quarter of Asia's energy—that is oil, liquefied natural gas, and propane—comes from the Middle East, much of it flowing through a single chokepoint, the Strait of Hormuz. Any disruption here affects more than just oil prices. It also hits power generation, industrial output and even food supply chains across the region.Asia hasn't seen a true energy access shock in over 50 years. So that makes this moment very critical. And with oil around $100 per barrel, stress is building in the system. Diesel margins are double pre-conflict levels. Jet fuel premiums have nearly doubled. And Dubai crude—normally cheaper than Brent historically—is now trading at a premium of more than $20 per barrel. This kind of price move signals tightening supply chains.Asia's dependence on [the] Middle East runs deep. Refiners source up to 80 percent of crude from the region, and 30–40 percent of LNG imports originate there. For major economies like India and China, roughly 40–50 percent of oil demand passes through Hormuz. It's a critical energy highway. And when flows slow, the entire system backs up.Inventories may look like a buffer. Asia holds around 65–70 days of crude. But the system reacts sooner than waiting to run out. Governments are already rationing energy, industries are cutting LNG and LPG usage, and export restrictions are limiting downstream production of fuels. The tightening has already begun.The real pressure point may not be oil, but natural gas—particularly LNG, as Qatar, which is a big supplier of Asia's LNG, has seen infrastructure damage. Asia accounts for about half of global LNG consumption, with up to 40 percent secured from the Middle East. Unlike oil, LNG has very limited buffers; in number of days, and not in months.This is where the story extends well beyond energy. Around 25 million tons per year of petrochemical capacity has been impacted, along with roughly 10 million tons of fertilizer production. Prices for key materials like polymers have risen 15–25 percent in just a few weeks, and the premiums are still rising. These inputs feed into everyday products—from cars and electronics to packaging and agriculture. Even basic services are affected, with cooking gas shortages hitting restaurants in parts of Asia.Policymakers are responding, but options are limited. Around 100 million barrels of crude has been released from reserves. Countries are securing higher-cost LNG cargoes. And many are turning back to coal for reliability despite environmental trade-offs.Ultimately, the longer this disruption persists, the more pressure builds across energy, power, chemicals, and food systems. And in a region as interconnected and import-dependent as Asia, those ripple effects spread quickly—and widely.Thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.
A lot of attention has been paid to the massive volumes of crude oil and LNG currently trapped in the Persian Gulf. What's sometimes overlooked, however, is that Kuwait, Saudi Arabia and the United Arab Emirates are also major exporters of refined products, and that they and Qatar also send out copious amounts of LPG.
The closure of the Strait of Hormuz was long considered one of the energy market's great hypotheticals -- until it became a reality. In this special CERAWeek series episode of Energy Evolution, host Eklavya Gupte sits down with Dave Ernsberger, president of S&P Global Energy, to examine what may be the most significant energy supply disruption ever and how it's forcing a fundamental redrawing of the global energy map. With around 20% of the world's oil and LNG usually passing through this key chokepoint, the impact has been asymmetrical and severe -- India faces LPG shortages, Asian refiners are struggling with profitability, and fuel supplies are tightening sharply. The conversation also explores how this crisis is accelerating a structural shift in energy markets, particularly East of Suez, where the energy trifecta of affordability, security and sustainability has been upended. Ernsberger also looks at how the conflict is intersecting with the AI and data center boom -- creating inflationary pressures that reach from the Middle East to different states in the US.
Gas prices rise sharply following an attack on Qatar's Ras Laffan energy complex. QatarEnergy has confirmed "extensive damage" to the plant used to convert natural gas into LPG. The effective closure of the Strait of Hormuz has hit some Asian countries particularly hard because of their dependence on energy supplies from the Middle East. We hear from people in the Philippines and Morocco about how they're coping with rising fuel prices.
The US President has repeated his call for other nations, particularly Nato allies, to help secure the Strait of Hormuz. Donald Trump says he has been surprised more world leaders were not "eager" to be involved in securing the key oil shipping route. Meanwhile, India has secured the safe passage of tankers carrying liquified petroleum gas, or LPG. Street vendors and biryani restaurant owners in Kolkata tell us how the current fuel shortages are threatening their livelihoods. And the Israeli military has now confirmed it has begun what it calls "limited ground operations" in Lebanon, as 800 000 people have been forced to flee their homes.Also: amidst a near total fuel blockade by the US, Cuba has experienced an electricity grid collapse. New figures from Interpol show that AI-enhanced scams are now almost five times more profitable than traditional methods. Researchers in Scotland have developed a way to turn discarded plastic bottles into a key medicine used to treat Parkinson's disease. Chelsea Football Club has been fined more than $14m, the Premier League's biggest ever fine, for breaking financial rules. Margareta Magnusson, who popularised the Swedish practice of Death Cleaning, has died at the age of 92.
The world's biggest producer of crude oil, the Saudi firm Aramco, has warned of "catastrophic consequences" if the Straits of Hormuz is blocked for an extended period of time. But as war rages in the middle east, and attacks on shipping severely reduce the transportation of oil and gas, Saudi Arabia's East-West oil pipeline has emerged as a critical piece of infrastructure in the global energy system. The CEO of Maersk speaks about the shipping industry's response to US/Israel war on Iran. And Leanna Byrne hears from India where a shortage of LPG is causing headaches for the food preparation industry.