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Teen dies after bus strikes ultra-Orthodox demonstrators in Jerusalem
On Tuesday in Jerusalem, a mass ultra-Orthodox Jewish protest against military conscription ended tragically when a teenager was crushed to death after a driver of a bus struck the crowd. Israeli police confirmed that they have detained the driver, and are currently investigating. A video of the incident shows the bus crashing into the crowd of ultra-Orthodox protesters. ? The police were unable to contact the driver immediately while he was in custody. Magen David Adom emergency service in Israel?said that the 18-year old, who was trapped under the bus and pronounced dead at the scene. Benjamin Netanyahu has been under increased political pressure in the last year because of the 'debate about mandatory military service and those who are exempt from that. Since long, ultra-Orthodox students in seminaries have been exempted from military service. Many Israelis criticize what they perceive as an unfair burden that is carried by those who serve. Religious leaders fear that army service will weaken their ultra-Orthodox community's sense of religious identity. In the midst of increased military activity, the?issue of service in the military has become a major source of tension. Israel's military has suffered its highest death toll for decades in the past two years due to conflicts involving the Gaza Strip and other countries such as Lebanon, Syria, Yemen, and Iran. Reporting by Emily Rose, Tamar Uriel Beeri and Lisa Shumaker.
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Goldman Sachs is the global leader in M&A deals with $1.48 trillion.
Goldman Sachs dominated again the league tables of global dealmaking for 2025. It took the market share and top spot in an year that was marked by high stakes political dramas and ever-larger mergers. Goldman's No. 1 ranking was boosted by the rise of $10 billion deals, which totaled $1.5 trillion last year, or more than double the previous year. According to LSEG data, Goldman ranked No. 1 in the world. The firm was involved in 38 of these deals, more than any other investment bank. Total volume of advised deals was $1.48 trillion. This was the most active period in terms of mega deals since LSEG began keeping records in 1980. Goldman's global co-head of M&A Stephan Feldgoise called 2025 "an exceptional M&A year" and told clients that the "ubiquity in capital" was driving activity, according to 2026 M&A forecasts from the investment bank. Goldman was ranked No. Goldman ranked No.1 in two areas of importance: M&A revenue and the overall value of deals it worked on. It gained market share in both. According to LSEG, it was paid $4.6billion in M&A fee revenue, followed by JPMorgan with $3.1billion, Morgan Stanley with $3billion, Citi at 2billion and Evercore $1.7billion. Goldman Sachs, JPMorgan, and Morgan Stanley occupied the first, second, and third positions, respectively, in terms of volume of transactions, followed by Bank of America, and Citi. According to LSEG, Goldman held a 44.7% market share in 2025 for announced M&As that involved Europe, Middle East, and Africa. This level was only surpassed once, in 1999. Dealmakers claim that a looser regulatory environment made previously prohibitive deals across all sectors possible. The more permissive antitrust enforcement of U.S. president Donald Trump gave industry titans confidence to team up and make the biggest deals in the rails, consumer products, media, and technology sectors. Goldman dominated the M&A market last year with $1.48 trillion worth of deals, or 32%, according to LSEG. However, Goldman was not involved in the two largest M&A transactions: Union Pacific's $88.2 Billion purchase of Norfolk Southern by the railway, nor the heated bidding battle for Warner Bros Discovery. Bank of America, Barclays and Wells Fargo and several boutique investment banks all got a piece of these two mega deals. CEOs are looking to scale operations. The desire to scale up and grow strategically is high. This has led boardrooms to become more proactive. People aren't waiting for a business to be sold to start M&A activities," Anu Ayiengar said in an interview. JPMorgan was a major advisor to Warner Bros for its sale, and also helped Kimberly-Clark in its $50.6 Billion purchase of Tylenol manufacturer Kenvue. These were the two biggest deals the bank had done this year. JPMorgan beat Goldman in the race to be the most-paid global investment firm after taking into account fees from equity and debt capital markets. The bank earned $10.1 billion, compared to $8.9 for Goldman. The dueling bids by Netflix and Paramount Skydance for Warner Bros, at $108 billion and $9 billion, respectively, plus debt, helped propel some law firms and banks to the top of the list. These included Wells Fargo and Moelis & Allen & Co as well as Latham and Watkins. Wells, the firm that advised on 10 $10 billion or more deals, such as Netflix's bid to acquire WBD, jumped eight spots from 2024 up to number one. 9. Moelis Boutique Bank, which advised Netflix as well, has jumped three rungs ahead in 2025 to be ranked No. 16. The deal was one of five worth over $5 billion each, including the sale of Essential Utilities for $20 billion. It could depend on the winner of Warner Bros' bid if they remain at their current ranking. LSEG, a data provider, says that advisors from both bidders currently get credit for the rankings. However, this will change when Warner Bros selects a winner. RedBird Capital Partners,?M. Klein & Co. is a contender in the top 25, despite not making the top 120 list last year. This is thanks to the work they did for Paramount. LSEG stated that the Warner Bros board was leaning towards rejecting Paramount’s latest offer. People familiar with board thinking previously told us. Wells would gain two spots in the rankings if Paramount rescinds their offer. Paramount's M&A team, however, would lose one, according to the data. Charles Ruck is the global chair of LSEG No. 1's corporate department. Latham & Watkins ranked No. 1 in M&A legal advice, attributed the increasing number of large transactions to "size creep." Deals are more expensive because the Nasdaq and S&P 500 both finished higher last year. Latham was involved in the Paramount deal, the $55 billion leveraged purchase of Electronic Arts video game maker and the $40 billion sale Aligned Data Centers. He said that the market was even more ready for consolidation. In an interview, he stated that "the pipeline is full." "All the macro indicators are there, correct? The interest rates are falling, making it easier for private equity firms to make deals and achieve their targets. The IPO market has not been as strong as anyone would have hoped, so M&A is the best way to exit. You've got an environment that is largely friendly to the regulatory system, which helps determine who wins and loses."
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Goldman Sachs is the global leader in M&A deals with $1.48 trillion.
Goldman Sachs dominated again the league tables of global dealmaking for 2025. It took the market share and top spot in an year marked by high-stakes politics and ever bigger mergers. Goldman Sachs' No. 1 ranking was aided by the rise of $10 billion deals, which amounted to $1.5 trillion in total last year, a more than two-fold increase from the previous year. According to LSEG data, Goldman ranked No. 1 in the world. The firm was involved in 38 of these deals, more than any other bank. Its total volume of advised deals was $1.48 trillion. This was the most mega-deals ever recorded by LSEG since 1980. Goldman's global co-head of M&A Stephan Feldgoise called 2025 "an exceptional M&A year" and told clients that the "ubiquity in capital" was driving activity, according to 2026 M&A forecasts from the investment bank. Goldman was ranked No. Goldman ranked No.1 in two areas of importance: M&A revenue and the overall value of deals it worked on. It gained market share in both. According to LSEG, it was paid $4.6billion in M&A fee revenue, followed by JPMorgan with $3.1billion, Morgan Stanley with $3billion, Citi with $2billion, and Evercore $1.7billion. Goldman, JPMorgan, and Morgan Stanley ranked first, second, and third in terms of the volume of transactions, followed by Bank of America, and Citi. Goldman had a 44.7% market share in 2025 for announced M&As that involved Europe, Middle East, and Africa. This level was only ever exceeded once, in 1999. The technology sector accounted for the majority of deals last year. However, dealmakers claim that a looser regulatory environment has made previously prohibitive deals across all sectors possible. The more permissive antitrust enforcement of U.S. president Donald Trump gave industry titans confidence to work together on the biggest deals in railways, consumer goods, media, and technology. Goldman dominated the M&A market last year with $1.48 trillion worth of deals, or 32%, according to LSEG. However, Goldman was not involved in the two largest M&A deals of the year, the $88.2 Billion purchase by Union Pacific of Norfolk Southern and the intense bidding war between Warner Bros Discovery and Warner Bros. Bank of America, Wells Fargo, Barclays and Bank of America also had a piece of these two mega deals. CEOs are looking to scale their operations. The desire to scale and grow strategically is strong, and this has prompted boardrooms and executive suites to become more proactive. People?do not wait for a company's sale before they start M&A activities," Anu Ayiengar said in an interview. JPMorgan was a major advisor to Warner Bros for its sale, and also helped Kimberly-Clark in its $50.6 Billion purchase of Tylenol manufacturer Kenvue. These were the two biggest deals the bank had done this year. JPMorgan beat Goldman in the race to be the most-paid global investment firm after factoring in fees for equity and debt capital markets. The bank earned $10.1 billion, compared to $8.9 million from Goldman. Paramount Skydance and Netflix’s dueling offers for Warner Bros, at $108 billion and $9 billion, respectively, included debt, catapulted some banks, boutiques and legal firms to the top of the M&A list, including Wells Fargo and Moelis and Allen & Co. Also, Latham and Watkins, a law firm, ranked highly. Wells, which advised on 10 $10 billion+ deals, including Netflix’s bid for WBD (and other similar deals), jumped eight spots from 2024 to the No. 1 spot. 9. Moelis Boutique Bank, which advised Netflix as well, has jumped three rungs ahead in 2025 to be ranked No. 16. The deal was one of five worth over $5 billion each, including the sale of Essential Utilities for $20 billion. It could depend on the winner of Warner Bros' bid if they maintain their current ranking. LSEG, a data provider, says that advisors from both bidders currently get credit for the rankings. However, this will change when Warner Bros selects a winner. RedBird Capital Partners, M. Klein and Co., who didn't even make the top 120 in 2014, are now contenders for the top 25 thanks to the work they did for Paramount. LSEG stated that the Warner Bros board was leaning towards rejecting 'Paramount's latest proposal, according to people familiar with its thinking. Wells would gain two spots in the rankings if Paramount withdraws their offer. Paramount's M&A department would lose one, according to the data. Charles Ruck is the global chair of LSEG’s No. 1 corporate department. Latham & Watkins ranked No. 1 in M&A legal advice, attributed the increasing number of large transactions to "size creep." Deals became more expensive in 2014 because the Nasdaq and S&P 500 both rose by 20.36 percent. Latham was involved in the Paramount deal, the $55 billion leveraged purchase of Electronic Arts video game maker and the $40 billion sale Aligned Data Centers. He said that the market was even more ready for consolidation. In an interview, he stated that "the pipeline is full." "All the macro indicators are there, correct? The interest rates are falling, making it easier for private equity firms to make deals and achieve their targets. The IPO market has not been as strong as anyone would have hoped, so M&A is the way to go for exits. You've got an environment that is largely friendly to the regulatory system, which helps determine who wins and loses."
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Pilots of Air Transat Canada have signed a five-year contract
The 'Air -Line Pilots Association', which represents the 725 pilots of Air Transat, reported that the majority of the airline's pilots approved a five-year contract. According to the union, approximately 90 percent of Air Transat's pilots have approved the contract. It reportedly increases flexibility in pay and schedules. Early December, the two sides reached a deal that narrowly avoided a strike by the pilots. "While it was unfortunate that this level of pressure had to be applied, our unity was what ultimately produced results," said Captain Bradley Small, Chair of the?ALPA Air Transat Master Executive Council. The new agreement has a backdate of May 1, 2025 and expires on April 30, 2030. According to its website, the carrier's primary focus is on international holiday travel to destinations such as Europe, South America, Africa, and the Caribbean. (Reporting from Seattle by Dan Catchpole; editing by Nia Williams).
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Shipping data shows that Chevron continues shipping Venezuelan oil but has put the loading on hold to accommodate Chinese buyers.
Shipping data revealed that Venezuela only loaded crude?for U.S. Chevron on February 2, while the state-run PDVSA halted operations to?load?cargoes destined for its principal customers in China for a fifth consecutive day. U.S. Forces captured President Nicolas Maduro and brought him to New York for drug charges. Delcy Rodriguez, the interim president of the Venezuelan government is now in charge. The U.S. says it will supervise the administration. Last month, the United States placed a blockade against sanctioned oil tanks sailing into Venezuelan waters and out of them. This halted all exports except those that were destined for Chevron. Chevron, the only U.S. oil major operating in Venezuela under a U.S. licence, is exempt from the sanctions imposed by Washington against Venezuela's petroleum industry to "choke off" revenue that funded Maduro’s government. Ship monitoring data revealed that on Tuesday, Chevron's chartered vessels were the only ones to load crude oil for export in Venezuela's Jose and Bajo Grande port. According to PDVSA documents, other ships were either loading to move oil to and from domestic ports or to store "crude" because the onshore storage facilities were almost completely full. According to data and documents, the last crude cargo loaded at Jose for an Asian client finished loading on 1 January. PDVSA may be forced to increase production cuts if it does not export more because the storage tanks are full. FLOWING Chevron resumed Monday exports of Venezuelan crude oil to the U.S., after a four day pause. The company also called its workers in other countries back to their?Venezuelan office as flights into the country resumed. In recent weeks, the U.S. company has become the sole firm exporting Venezuelan crude oil. In early January, at least 12 vessels that were under sanctions and had loaded in December but had been stuck due to the embargo in Venezuelan waters left. These vessels carried around 12,000,000 barrels of crude oil and fuel. The vessels' destination was not known, even though they were originally loaded for Chinese customers. Transponders were turned off on the ships, so they left in "dark mode." The ships appeared to have broken the U.S. blockade. The U.S. Government has not made any comments on the ships or if it authorized their departure. PDVSA did not respond to a comment request. Chevron stated this week that it continues to operate in "full compliance with all applicable laws and regulations." According to data from ships and eyewitnesses, even after the dozen vessels had sailed away, many of them were still anchored in Venezuelan waters near oil ports, either waiting to be loaded or already fully loaded.
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Black Sea CPC terminal resumes oil loadings sources say
By Robert Harvey LONDON - On Monday, January 6, the Caspian Pipeline Consortium terminal, near the Russian Black Sea Port of Novorossiysk, resumed loading crude oil after several days?of weather-related interruptions that also delayed maintenance?work.?Two industry sources said on Tuesday. The poor weather conditions and Ukrainian attacks against infrastructure caused a drop in Kazakhstan's oil production and exports. About 80% of Kazakhstan’s crude oil exports are handled by the CPC Terminal. One of the sources claimed that crude oil loadings began again from the 'one single point docking' (SPM-1), in the afternoon of 5 January. CPC Terminal stopped oil exports due to bad weather on December 29, 2018. The?sources stated that CPC Terminal is now expected to finish maintenance on the third (SPM-3)?mooring by mid-January. This was pushed back from December's end. The maintenance on SPM-3 started in mid-November, but bad weather has caused delays. CPC Terminal didn't immediately respond to our request for comment. Tuesday is a holiday in Russia. SPM-2 is not in operation due to a drone attack by Ukraine on November 29, CPC normally loads from two dockings with the third mooring kept as backup. According to Kpler's data, the tanker Atlantic M loaded about 700 000 barrels of crude from the terminal on January 5. Three traders said this week that the talks on trading CPC Blend crude had stalled due to?the loading delay. CPC will export approximately 1.65 million barrels of this grade per day in January.
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Microsoft modernizes the Midwest power grid with a major US electric grid operator
Microsoft and the U.S. Midwest Grid have teamed up, according to an announcement made on Tuesday. This is just one of many examples of Big 'Tech turning to collaboration in order to ensure that massive amounts of energy needed for artificial intelligence can be available. In the past two years, U.S. tech companies have deepened their ties with the energy sector. They have signed long-term supply agreements and provided AI assistance in order to maximize the supply as the demand for power in the U.S. skyrocketed due to the energy-intensive data centers. Google partnered last year with PJM Interconnection, the largest power grid operator in the United States, to use artificial intelligence to speed up the process for connecting 'new electricity supplies' to the PJM regional grid. Microsoft's latest partnership will see Microsoft technologies deployed on the Midcontinent Independent System Operator (MISO) grid. This grid covers 42 million people in 15 U.S. States and Manitoba, Canada. These technologies will be used to predict and respond to weather-related power disruptions and transmission line planning, as well as accelerate certain operations. Nirav Shah is Vice President and Chief Information and Digital Officer for MISO. He said that such acceleration was critical due to a variety of factors, including electrification, the rise in demand, and the expansion of data centers. "Now is the right time to partner up with organizations that have a shared interest in modernizing grid operations for the future." The statement on Tuesday did not include any financial information. (Reporting and editing by Barbara Lewis in New York, Laila Kearney is reporting from New York)
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Carney: Canadian oil will remain competitive even if Venezuelan production increases.
Mark Carney, the Prime Minister of Canada, said on Tuesday that Canadian crude oil was low-risk and would remain competitive even if production?in Venezuela rose after President Nicola Maduro's capture by the U.S. U.S. president Donald Trump said that American oil companies were prepared to enter Venezuela and invest billions of dollars to restore production. Venezuelan crude oil is similar in weight to the heavy oil produced in Canada's sands. Some analysts speculate that Canadian products?could be eventually displaced. Carney said that a functioning Venezuelan economic system would increase?oil production and stability in the Western Hemisphere. He said this was a positive thing. He said that Canadian oil would be competitive due to its low-risk nature. Canadian oil is seen as less risky by investors and buyers compared to crudes from other countries due to Canada's stable government. Carney said that a proposed project to capture carbon emissions in the oil producing province of Alberta will make crude oil more appealing to buyers who are concerned about greenhouse gas emissions. Carney added, "That makes Canadian Oil competitive on the medium and longer term...?We welcome the prospects of greater prosperity in Venezuela but we also see that Canadian Oil is competitive." Carney and Alberta's Premier signed an agreement in November to roll back climate rules in order to encourage investment in energy production. A private company has not yet committed to build such a pipe. Reporting by David Ljunggren Editing Rod Nickel
India's July diesel, jet fuel exports to Singapore, Australia set to strike 2-1/2- year high
India's diesel and jet fuel deliveries to Singapore and Australia are set to hit the highest levels in 21/2 years in July as sellers looked east with demand lukewarm from Europe, according to market sources and delivering information.
The dive in middle extracts exports from swing supplier India to the Asia Pacific will likely cap prices and refiners' margins in the area, while preventing an additional build-up in stocks in Europe which have actually been weighing on prices there, the sources stated.
India, one of Asia's leading fuel exporters, is anticipated to ship in between 157,000 bpd and 224,000 bpd of diesel and jet fuel to Singapore and Australia in July, approximates from LSEG, Vortexa, Kpler and two trade sources revealed, the greatest because end-2021 and early 2022. This would have to do with 30% greater than June.
The volume to Australia is anticipated to surge to a more than two-year high of 450,000 metric tons, LSEG Oil Research study stated in a note. BP and Vitol shipped most of the volumes to Australia where they have fuel distribution businesses, while Shell shipped cargoes to Singapore, Kpler and LSEG data showed.
Planned refinery maintenance in Australia triggered some regional refiners to purchase more spot freights than normal, among the sources included.
Likewise, the rise in Australia's imports comes after a. government mandate to increase refined items stockpiles that. took effect from July, 2 Asian refinery sources stated.
Meanwhile, India's middle extracts exports to Europe are. likely at a six-month low of 142,000 bpd in July, LSEG data. showed.
Europe's imports from Asia have just recently been reduced by. robust domestic materials and slower than expected domestic. need, some experts state.
Some traders diverted their freights to Asia after freight. rates on the India-Europe route increased, one Singapore-based trade. source stated.
The cost of chartering a long-range (LR) tanker from India. to the U.K. to carry 65,000 tons of diesel or jet fuel balanced. at $4.7 million, or $72 per heap, from June to mid-July, SSY. Tanker data revealed. The shipping cost is double what a trader. could make from moving Asian items to Europe.
However, a number of traders said it was unclear if India's. exports to Singapore and Australia would be sustainable as the. arbitrage economics for deliveries to Europe has been improving. after freight rates on this trade path dipped recently.
Shipping expenses on the India-UK route slipped back to. five-month low of $3.7 million - $57 per heap - on July 26, SSY. Tankers data revealed.
This momentum could slow in the next few months as numerous. Indian refiners are participating in prepared upkeep this. quarter, which would see lower refinery supplies, stated. Vortexa's head of APAC analysis Serena Huang, describing India. volumes bound for Asia.
(source: Reuters)