Submitted by Thomas Kolbe

In the end, economic reality prevails. Green steel has no future in Germany, regardless of how much funding may continue to flow through the channels of the green subsidy machine: At Germany’s overregulated, energy-policy-driven and increasingly sidelined industrial location, industrial production is becoming less and less profitable.

"China's robust buying lately is largely driven by refiners taking advantage..." 

Volkswagen’s Supervisory Board approved the board’s cost-cutting plans. From the 2030s onward, production capacity in Germany is to be drastically reduced, with four plants now hanging in the balance. Germany’s industrial base is being dismantled piece by piece.

"As the European gas market heads into winter with unusually low inventories, its flexibility to absorb further supply or demand shocks is limited..." 

The AfD’s triumph in Saxony-Anhalt will further embolden the rising national-conservative camp across the EU. This will also increase pressure on the European Commission to push through its trillion-euro budget at record speed...

• US forces struck multiple Iranian tankers tied to the IRGC in response to more attempted missile attacks on a US Navy warship; Iran launched missiles at targets in response to US strikes on tankers, while it launched at least 20 missiles at bases in Jordan.
• IRGC had warned that oil tanker crews in Kuwaiti and Bahraini ports would be targeted in light of the US Army targeting several Iranian oil tankers.
• Crude futures extended recent gains, with upside facilitated after the US and Iran exchanged another round of retaliatory s

The California Independent System Operator forecasts that peak power demand will hit 47,379 megawatts on Wednesday. 

"history books suggests levels this low are not sustainable and have ended in a starburst of index vol convexity.

Democrats warn the new NIH-Department of War agreement could divert billions in NIAID funds; the administration calls it a project-by-project cooperation.

Nobody on either side of that courtroom argued Patrick did it or was involved in any way...

Some workers worry that their newly acquired skills could become obsolete almost as quickly as they learn them, according to a recent report...

"Efforts to re-shore minerals mining and refining capacity are also likely to take time, as shown by the persistent concentration of..." 

With its revealed range in “excess of 250 nautical miles” (287 miles), the U.S. Navy’s new long-range air-to-air missile (AAM) constitutes a major upgrade in the ability of the United States to arrest China’s quest for superior air power in Asia.

Also amid raids on Islamist groups that Tehran alleges are backed by Israel & the US...

The symbolism was not subtle. It was a middle finger...

"Governments and hyperscalers are now competing for capital in an already saturated bond market..."