Europe now has too much gas. Here’s how the continent dodged Putin’s energy squeeze so far
Europe’s mad dash for liquefied natural gas (LNG) that drove up the cost of energy and wreaked havoc...
Europe’s mad dash for liquefied natural gas (LNG) that drove up the cost of energy and wreaked havoc on the global economy could now cause a crash in spot market prices.
LNG ships are piling up around Europe, waiting to deliver their precious cargo as storage caverns across the continent are full to the brim and demand remains tepid owing to mild temperatures.
With prices plummeting, floating LNG barges have opted to remain parked near onshore terminals hoping to unload once colder temperatures deplete current reserves. According to the BBC, 51 ships have collected around the continent’s coastal waters.
Union Pacific to build hybrid-electric locomotives in Arkansas
Union Pacific Railroad announced it is partnering with ZTR to build hybrid-electric locomotives for yard...
Union Pacific Railroad announced it is partnering with ZTR to build hybrid-electric locomotives for yard operations at its North Little Rock plant in Arkansas.
The first prototype is expected to be delivered in 2023 and five more units are planned for arrival in 2024 reported Railway-News.
The U.K.’s next prime minister is worth more than the king. Kind of.
They’re both enormously wealthy, but King Charles III is going...
They’re both enormously wealthy, but King Charles III is going to be appointing as prime minister someone wealthier than him in Rishi Sunak.
Sunak is a former Goldman Sachs GS, +1.11% analyst and hedge-fund manager, but his wealth overwhelmingly comes from his wife, Akshata Murthy, who is the daughter of the Infosys founder N.R. Narayana Murthy. Her 0.93% stake in Infosys 500209, +0.55%INFY, +0.77%, at Friday’s closing price, was worth $710 million.
The king’s assets are less easily marked to market. Forbes puts his personal assets at around $500 million, and other reports say his personal worth is more like $600 million. The queen consort, Camilla, is worth a few million, as well, and has her own country house.
