World
AI Summary
- The Strait of Hormuz sees increased activity as Saudi supertankers resume operations and Persian Gulf oil flows towards Asia, signaling a potential normalization of trade routes following geopolitical shifts.
- Ryan Cohen faces a shareholder lawsuit over a substantial $35 billion pay deal, highlighting ongoing scrutiny of executive compensation in the corporate world.
- Despite a potential peace deal, the European Central Bank suggests that Europe's energy price shock will not be immediately alleviated.
- Ferrari is reportedly advising customers to purchase less popular models to improve their position on waiting lists for high-demand vehicles.
- China's Alibaba has introduced advanced AI systems intended to power the next generation of robotic technology.
ZeroHedge
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Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia
an hour ago
by Tyler Durden
Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Energy flows through the Strait of Hormuz are beginning to restart on Thursday after the interim U.S.-Iran peace deal, with several Saudi-controlled supertankers transiting the critical waterway and exiting the Persian Gulf. There is a massive backlog of crude and LNG tankers in the Persian Gulf, preparing to exit the Hormuz chokepoint bound for Asia. Bloomberg says 31 supertankers, carrying about 62 million barrels of crude, could soon exit. The actual number of crude and LNG tankers preparing to exit could be much
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Ryan Cohen’s Massive $35 Billion Pay Deal Draws Shareholder Lawsuit
an hour ago
by Tyler Durden
Ryan Cohen’s Massive $35 Billion Pay Deal Draws Shareholder Lawsuit A GameStop shareholder has taken the company to court in an effort to delay a July vote on Ryan Cohen's proposed $35 billion pay package, arguing investors aren't getting the full story before being asked to approve it, according to Yahoo Finance . The lawsuit accuses GameStop's board of repeatedly changing the voting process in ways that could tilt the outcome toward management. Among the disputed changes are whether Cohen can vote his own sizable stake and how non-votes are treated when tallying results. At the center of the fight
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ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock
2 hours ago
by Tyler Durden
ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock By Tsvetana Paraskova of OilPrice.com Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week. The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict hiked energy prices that have started to feed into core inflation. The ECB raised the key interest rate by 25 basis points to 2.25%, its first hike
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Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List
3 hours ago
by Tyler Durden
Ferrari Reportedly Tells Buyers To Buy Unpopular Luce To Move Up On Wait List Ferrari is reportedly using its first-ever EV, the Luce, a €550,000 model that looks more like a cross between a Tesla and a Kia , as a loyalty test inside its highly coveted allocation system. Ferrari's allocation system is a notoriously exclusive, invitation-only process managed directly by the factory in Maranello. Rather than using waitlists, Ferrari curates ownership by evaluating a buyer's loyalty to the brand, requiring customers to build a multi-million-dollar history of ownership, participate in factory events, and retain cars in order to qualify
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Too Young For TikTok, Old Enough To Vote?
3 hours ago
by Tyler Durden
Too Young For TikTok, Old Enough To Vote? Authored by Clive Pinder via DailySceptic.org, There are few sights more comic than a modern minister pretending to be the stern parent of the nation. We know the routine. The concerned expression. The voice lowered half an octave. The carefully arranged background of flags, earnest young people and laminated safeguarding jargon. Then comes the announcement. The government is going to protect children online. At which point every parent in the country is expected to breathe a sigh of relief, put down the gin and thank the Department for Being Sensible on Our
The Guardian
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Seven-year-old Abdiqadir was hit in a US airstrike. Without a $750 operation, he may lose his ability to walk
a day ago
by Mohamed Gabobe in Mogadishu and Mark Townsend
Somalia, US foreign policy, Africa, US news, World news, Global developmentAbdiqadir Salah was pierced by shrapnel in a bombing that killed 12 in Somalia. But as the US denies civilians were hurt they face no hope of compensation Read more: Killed walking home from school: why did Somali children become targets of US drone strikes? A seven-year-old boy who was riddled with shrapnel during a deadly US airstrike in Somalia faces losing his ability to walk unless he has a £750 emergency operation. But Abdiqadir Salah’s family cannot afford the surgery and the US – which refuses to admit that any civilians were killed or injured during its attack six
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Sierra Leone’s first lady refuses to condemn FGM without ‘reliable data’ on harms
a day ago
by Sarah Johnson
Global development, Female genital mutilation (FGM), Women's rights and gender equality, Violence against women and girls, Health, Society, Sierra Leone, Africa, World news, Global healthExclusive: health professionals, survivors and politicians voice concerns in open letter over comments by Fatima Maada Bio, who denies supporting the practice The first lady of Sierra Leone has denied that she supports female genital mutilation amid rising anger around her perceived approval of the practice. But in an exclusive response to the Guardian, Fatima Maada Bio, the wife of President Julius Maada Bio, also said she would not openly condemn FGM until she saw “reliable data” that the practice was harmful. Continue reading...
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Ghana to advance reparatory justice at first major gathering since landmark UN resolution
a day ago
by Carlos Mureithi in Nairobi
Reparations and reparative justice, Africa, Americas, Race, World newsHeads of state and participants from more than 80 countries at three-day event in Accra to pursue actionable commitments to reconciliation and restitution Ghana is hosting a conference to advance the continent’s push for reparatory justice after the adoption of the landmark United Nations (UN) resolution declaring the trafficking of enslaved Africans as the gravest crime against humanity. Heads of state and government, ministers, civil society representatives, historians, researchers and legal experts representing more than 80 countries are converging in the capital, Accra, for the three-day event, billed Next Steps , which starts on Wednesday. It is the first major
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Lives and incomes lost as Ebola takes toll on Bunia’s public-facing workers
a day ago
by Noella Mwanza in Bunia and Carlos Mureithi in Nairobi
Ebola, Democratic Republic of the Congo, Africa, World newsA headteacher, a motorcycle taxi driver and a travel agent are among those who are counting the human and economic cost of the virus Justin Keno watches more than 400 pupils stream through the Nelson Mandela school’s gate each morning, and wonders which of them might be carrying Ebola. The institution’s principal has done everything he can to prevent the spread of the virus: installing hand-washing basins at the entrance, providing alcohol-based hand rub for parents, making pupils bring packed lunches instead of eating in the canteen, and banning food sellers from outside the gates. Continue reading...
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South African jazz pianist Abdullah Ibrahim dies aged 91
3 days ago
by Benjamin Lee
Jazz, South Africa, Africa, Music, CultureThe accomplished musician, who recorded over 70 albums in his career, died peacefully in Germany after a short illness The South African jazz composer and pianist Abdullah Ibrahim has died at the age of 91. His family announced his death in a statement released on Monday. Continue reading...
South China Morning Post
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Hegseth blasts Nato for not giving US access to European bases during Iran war
3 hours ago
by Associated Press
US Defence Secretary Pete Hegseth lashed out at Nato allies on Thursday, announcing a six-month Pentagon review of American forces in Europe whose outcome will depend on how fast the Europeans take responsibility for their own security. “This will be a real review. It will be designed to ensure that Nato is moving fast and irreversibly towards Europe leading, stepping up to take primary responsibility for the defence of Europe,” he told his Nato counterparts in Brussels. Hegseth lambasted...
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Starmer’s future on the line as Britain holds closely watched vote
5 hours ago
by Associated Press
Keir Starmer is not on the ballot, but the UK prime minister’s future is on the line in a special election on Thursday. Voters in the Makerfield district of northwest England were electing a new lawmaker, and the leading contender is Andy Burnham of the governing Labour Party, the current mayor of Greater Manchester and oddsmakers’ favourite to be the next prime minister. If Burnham defeats a candidate from the anti-immigration party Reform UK and wins the seat for Labour, he is almost certain...
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Ukraine hits Moscow oil refinery in major drone attack on Russian capital
7 hours ago
by Associated Press
Ukraine hit a major Moscow oil refinery for a second time in a week and disrupted commercial flights at Moscow airports in one of its biggest drone attacks since Russia’s all-out invasion of its neighbour more than four years ago, Russian officials said on Thursday. The attack came hours after Ukrainian President Volodymyr Zelensky said he had held “an important coordination call” with US President Donald Trump and French President Emmanuel Macron that may “bring about significant...
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1,200-year-old Sherwood Forest tree, linked to Robin Hood legend, is dead
8 hours ago
by Associated Press
A massive ancient oak tree linked to the legend of Robin Hood may have been loved to death. The 1,200-year-old Major Oak in Sherwood Forest is believed to have died after it did not sprout leaves this spring, the Royal Society for the Protection of Birds said Thursday. Visitors who viewed the tree’s gnarled limbs and sprawling canopy in Nottingham over the past two centuries compressed the soil around it, making it difficult for rain to reach its roots, the conservation group said. The forest...
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Our ancient enemy: scientists discover oldest-known plague outbreak
9 hours ago
by Associated Press
Scientists have found the oldest known evidence of the plague, which sparked deadly outbreaks dating back about 5,500 years ago – some 200 years earlier than previously thought. The disease has sickened humans for thousands of years and wiped out a significant chunk of Europe’s population in the 14th century during what’s known as the Black Death. Though rare, the plague is still around today and is treated with antibiotics. “To understand our own history, we believe that understanding the...
New York Times
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Iran Gets Major Economic Lifeline for Minimal Concessions in Initial Deal
2 hours ago
by Yeganeh Torbati
US and Israeli Attack on Iran (2026), Nuclear Weapons, Politics and Government, Oil (Petroleum) and Gasoline, Iran, Strait of Hormuz, Tehran (Iran)The agreement delays the most difficult steps for Iran for later talks, while granting it crucial benefits.
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Trump’s Deal With Iran Opens New Rifts in G.O.P.
11 hours ago
by Bayliss Wagner, Robert Jimison and Tim Balk
US and Israeli Attack on Iran (2026), Republican Party, Trump, Donald J, United States Politics and Government, United States International RelationsSome in the president’s party were skeptical about whether the agreement he reached included adequate concessions from Iranian officials.
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Before Making a Deal, Trump Demanded Iran’s Surrender. He Got a Surprise.
11 hours ago
by David E. Sanger
US and Israeli Attack on Iran (2026), United States Politics and Government, United States International Relations, Iran-Israel War (2025- ), Peace Process, Nuclear Weapons, Oil (Petroleum) and Gasoline, Nuclear Energy, Economic Conditions and Trends, Khamenei, Mojtaba (1969- ), Obama, Barack, Trump, Donald J, Iran, Strait of Hormuz, North Korea, internal-open-access-from-nlWhile the Iranians suffered substantial losses in the war, they emerged from a confrontation with the world’s most powerful military having proved they can use economic chaos as a weapon.
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How Iran Could Benefit From Its Deal With the U.S., and an A.I. Arms Race in Schools
2 hours ago
by Tracy Mumford, Will Jarvis, Margaret Kadifa, Jake Lucas, Ian Stewart, Rebecca F. Elliott and Michael Kimmelman
US and Israeli Attack on Iran (2026), United States Politics and Government, Education (K-12), Artificial Intelligence, Cheating, Obama, Barack, Iran, Thune, John R, internal-open-access-audioPlus, the “Obamalisk” opens.
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Bill Pulte, a Bulldog for Trump, Prepares to Take Reins at Spy Agency
15 hours ago
by Julian E. Barnes and Dustin Volz
United States Politics and Government, Rumors and Misinformation, Presidential Election of 2024, Espionage and Intelligence Services, Appointments and Executive Changes, Voter Fraud (Election Fraud), Presidential Election of 2016, Office of the Director of National Intelligence, Gabbard, Tulsi (1981- ), Pulte, William J (1988- ), Trump, Donald JDemocrats and some Republicans excoriated President Trump’s pick for a top national security job. The president pushed ahead anyway.