Latest News
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US grid watchdog objects Maryland power plant sales, citing data center demand concerns
According to a filing made this week, the watchdog of the U.S.'s largest electrical grid urged federal regulators not to approve the sale of a Maryland-based power plant. The group cited concerns that the energy generated by the plant might be diverted to 'data centers, at a time when electricity is in short supply on the grid. The White House, Governors, PJM, and others have proposed that data centers supply or build new power in order to 'cover their electricity consumption. Monitoring Analytics, LLC, PJM's market monitor, has objected to the sale of Morgantown Generating Station by TeraWulf Inc, a bitcoin miner, data?center developer, and other companies. This was according to a Federal Energy Regulatory Commission filing on Wednesday. TeraWulf announced last month that it had acquired Morgantown. The Maryland-based firm said that the power plant's operational generation capacity is about 200 megawatts and could be increased up to approximately 1,000 megawatts or enough power to power around 750,000 homes. The company did not specify a customer or explain how this power plant would work with the broader PJM marketplace. Monitoring Analytics stated that more information should be provided about the 'plans for Morgantown and the power units before the sale can be approved. The monitor also said that TeraWulf must commit to keeping Morgantown's electricity supply in the PJM -market, and not diverting it to?data centres. Monitoring Analytics stated in a filing to FERC that it was unclear whether the expansion proposal relied on reactivating units or constructing 'entirely new generations, or modifying?existing?interconnection right. It is impossible to assess whether this project will actually contribute to grid supply without the information.
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Sources: China and Iran in talks to ensure safe oil and gas transit through Hormuz
China and Iran are in negotiations to allow Qatari LNG vessels and crude oil ships through the Strait of Hormuz, as the U.S./Israeli war against Tehran intensifies. The war has now entered its sixth day, and the vital shipping passageway is all but closed. Countries around the globe are cut off from one fifth of the global oil and LNG supplies. According to sources, China, which enjoys friendly relations with Iran, and relies heavily upon Middle Eastern products, is upset by the Islamic Republic's decision to paralyze?shipping across the Strait. It is pressuring Tehran to allow safe passage to vessels. About 45% of the oil used by the world's second largest economy comes from this Strait. Ship tracking data revealed that a vessel called the Iron Maiden, after switching its signalling from 'China-owner' to 'Iron Maiden' overnight, passed through the Strait. However, far more sailings are needed to 'calm' global markets. Since the beginning of the conflict, crude oil prices have risen by more than 15 percent amid production stops as Iran attacks energy facilities in Gulf and ships crossing Strait. The missiles of the Assad regime have reached countries as far away as Cyprus, Azerbaijan, and Turkey. This has destabilised global markets, and prompted major economies to issue warnings about inflation. Vortexa's vessel tracking data revealed that the number of crude tankers transiting the Strait dropped to just four on March 1, a day after hostilities erupted, from an average of 24 vessels per day since January. According to Vortexa, and Kpler, there are still around 300 oil tanks in the Strait. Mike McDougall, a sugar?industry veteran, told Middle East sugar executives that there are currently?some ships? transiting the Strait. All of them are either Chinese or Iranian owned. Jamal Al-Ghurair of Al Khaleej Sugar in Dubai said that some sugar-carrying ships are allowed to cross the Strait, while others aren't, without providing any further details. The Iranian government announced earlier this week that vessels from the United States, Israel and European countries or their allies will not be allowed to pass through the Strait of Hormuz. However, the statement did not mention China. Reporting by Jonathan Saul, Marwa Rashad. May Angel and Sarah El Safty contributed additional reporting; writing by May Angel. Editing by Nick Zieminski.
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MSC will introduce an emergency fuel surcharge for all cargoes from Northern Europe to the Red Sea and East Africa
The shipping company MSC announced on Thursday that it would implement a fuel surcharge for 'all cargo' from Northern Europe (including UK, Scandinavian and Baltic) to the Red Sea and East Africa. This will be effective March 16, 2019. MSC will charge $40 per twenty-foot equivalent (TEU), from Northern Europe, including the UK to the Red Sea for dry containers and $60 for refrigerated ones. The world's largest ocean container carrier said that dry containers from Northern Europe (including the UK) to East Africa would be charged at $65 per TEU while refrigerated ones would be charged at $100 per TEU. MSC will also charge $50 per TEU to transport dry containers from the Scanbaltic region into the Red Sea, and $75 for refrigerated ones. The rate would be $75 for dry containers and $120 for refrigerated ones from the Scanbaltic area to East Africa. Reporting by Kanjyik?Ghosh from Barcelona. (Editing by Jane Merriman.
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Travel and airline groups warn about risks to air travel as partial shutdown continues
Major?U.S. Airlines and travel groups warned Thursday that a partial government shutdown would snarl the air traffic just as spring break, a busy season for U.S. travelers, approaches. The funding for the Department of Homeland Security lapsed in February after Congress failed reach an agreement on immigration enforcement reforms requested by Democrats. This halted funding for several government departments, including the Transportation Security Administration. Around 50,000 TSA airport screeners work without pay. As the'shutdown' continues, more workers may be unable to or unwilling to report to work due to financial hardship. Chris Sununu is the CEO of Airlines for America, which represents trade associations. He said that carriers are anticipating a record spring travel season, with 171 millions passengers flying, up 4% from last year's same two-month period. He accused lawmakers of not voting to end shutdown. Sununu stated that the fear was, "once again, the government won't act until there is a real crisis, or until long lines form." He added that the frequent shutdowns put the U.S. Aviation system at risk. Sununu says that spring break travel will be a flurry as TSA employees get their first zero-paycheck on March 13. Sununu urged the Trump Administration to reinstate Global Entry which allows low-risk, pre-approved travelers into the United States to bypass customs and immigration. Geoff Freeman, CEO of the U.S. Travel Association, said that it is unacceptable to not pay airport security staff. "TSA officers screen almost a billion passengers every year." Freeman stated that with an average salary of $35,000, workers like these simply cannot afford to miss a paycheck. Every time Washington fails in funding the government, these workers pay the cost. So do travelers. "So does the economy. Ha Nguyen McNeill told Congress last month that 1,110 'transportation security officers' left the TSA after a 43-day shutdown of the government in October and Nov 2025. This was a 25% increase compared to the same period in 2024.
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US House Committee wants travel companies to provide answers on AI pricing
The chairman of the U.S. House Oversight Committee asked the CEOs?of?five major companies, including Uber, Lyft, and?Expedia? on Thursday to disclose whether they used surveillance pricing of customers to increase costs. In letters to companies, Republican Chair James Comer expressed concern that the use of highly personalized consumer data and the growth of surveillance pricing algorithms could create opportunities for companies to "weaponize personal data" and increase their profits at the expense providing transparency to consumers. Surveillance Pricing is a pricing strategy that uses a consumer's data, such as their browsing history, location, and shopping habits, to set individualized algorithmic prices. This is an alternative to standard market pricing. Comer stated in letters reported first by that travel firms use?surveillance prices' to deploy algorithms which determine a customer's emotional state and purchase intent, as well as their maximum willingness to pay. A tailored price is then determined based on this information. Comer cited?a media report that Uber used AI-based pricing to offer different prices for identical products. Uber stated?on Thursday that it does not engage in surveillance pricing or personalize prices. Uber stated that "fares are determined based on factors such as location, time and demand. Not by individual characteristics, previous behavior or device information." Booking.com, Instacart and the other companies who received letters did not respond immediately to comments. In response to Comer's letter, documents must be submitted by March 19, including communications detailing revenue-management algorithms and their financial impact. Comer wrote that "often this happens in a black?box environment" where consumers are unaware of the personalized pricing or which information is being collected about them. Comer pointed out that companies use data from consumers to create "profiles" based upon individualized information such as "geolocations, demographics and browsing histories, purchase histories, device types, battery life...and even mouse clicks to assign different prices to individuals." California Attorney General Rob Bonta launched a wide-ranging investigation in January into the use of personal data for setting individualized prices. Delta Air Lines was asked by two dozen U.S. House Democratic Members in November to provide answers to questions about the use of artificial intelligence for setting ticket prices. Lawmakers are concerned that airlines may use AI, consumer data, or internet usage to determine when people want to travel, then increase air fares and other prices. Delta said that "no fare product Delta ever used, tested or intends to use targets customers with personalized offers based upon personal information or other factors." Reporting by David Shepardson, Washington; editing by Chizu nomiyama and Matthew Lewis
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Shipping data shows that Iranian bulker ships sail from Gulf despite the war
Ship tracking data revealed on Thursday that Iranian dry bulk'vessels' are trying to transport their cargoes through the Gulf to the export markets for the first time since the U.S. launched an attack? on Iran at the weekend. Since the start of the conflict, international shipping has been largely shut out of Strait of Hormuz. Vessels are wary of being shot at. According to MarineTraffic, two Iran-flagged?bulk ships - the Parshad? and the Parisan? - left Iranian port Bandar Imam?Khomeini? and Bandar Abbas on Thursday and were on water heading towards Kuantan in?Malaysia. The two ships that were sanctioned by the United States had previously transported iron ore - used to make steel - from?Asia to China, one of the largest producers of the metal in the world. Both vessels were in the exclusive economic zone of Iran, which extends to up to 38 km (24 miles) and is beyond local territorial boundaries of 12 nautical mile. This could have provided them with protection from attacks while they attempted to pass through Hormuz. The U.S. sub sank a warship of the Iranian navy in international waters off Sri Lanka on Wednesday, killing 87. Ship-tracking data showed that a third dry bulk vessel, Liberia's Lacon, left Bandar Imam Khomeini on its way to Santos, Brazil, where a major soybean loading terminal is located. Alphamar data reported that ten ships will be leaving Brazil in the coming days with more than 600,000.0 tons of soybeans and soymeal. However, it is possible the cargoes could be diverted. (Reporting and editing by Veronica Brown, Susan Fenton and Tom Daly)
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Advent rejects Senior bid, which valued UK Engineer at $1.52 Billion
U.S. Private Equity Firm 'Advent International' has revealed its rebuffed takeover offer for British aerospace engineering firm Senior Plc. The?company is valued at around 1.14 billion pounds ($1.52 million), or 272 pence each share. The shareholders would be entitled to a final dividend of up to 2 pences for fiscal year 2025. Advent's offer is a 5.6% increase over Senior's closing price of February 26, the day before Advent made its approach. Advent confirmed that it is one of the interested parties in Senior. It has until 27 March to decide if they will?make an offer firm' under UK takeover regulations. Senior, a supplier of aircraft?parts to Boeing and Airbus said that it received five proposals in February. At the time, three bidders, Tinicum Blackstone, Advent and Arcline Investment Management, were identified. Senior and other bidders?have not yet disclosed the value of the?bids.
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State Dept. says that flights for US citizens trapped in the Middle East are increasing.
After criticism of the Trump administration’s initial planning and assistance to U.S. citizens who were trying to leave the Middle East since the U.S. - Israel war on Iran started, the U.S. State Department announced on Thursday that it was 'intensifying the provision of charter flight services' from the Middle East. Airspace has been closed in the entire region due to the strikes which began on Saturday, and Iran's retaliatory actions against its neighbors. The Department of State, led by Secretary Marco Rubio, announced Wednesday that the first U.S. Government charter flight?left the region bound for America, but gave few details. Dylan 'Johnson, Assistant Secretary of State for Global Public Affairs and a spokesperson for the Department of State, said that additional flights and ground transports will be taking place today under the direction of SecRubio. Charter flights were not known to depart from which countries. Johnson advised that American citizens living in Kuwait, Bahrain and the United Arab Emirates as well as Qatar, Saudi Arabia and Israel, should complete a crisis intake form for information on upcoming flights and ground transportation options. He added that a task force had provided guidance to more than 10,000 Americans since the crisis began. As tensions grew, the State Department only warned U.S. citizens in Israel and Lebanon, but Iran has responded by targeting U.S. civilian infrastructure and missions in many other?places. This includes Gulf Arab nations, which are major transportation?hubs. After the conflict started, U.S. Security Alerts were sent to Americans in Kuwait and the United Arab Emirates. They also went out to Americans in Iraq, Qatar, Bahrain, and the United Arab Emirates. The?U.S. on Monday urged Americans ?across 14 countries in the Middle East to immediately depart the region using "available commercial transportation" without offering any U.S.-government-vouched means, drawing the ire of U.S. lawmakers.
Britney Spears arrested for DUI
California Highway Patrol confirmed that Britney Spears, singer, was arrested in Ventura County, California on suspicion of driving under the influence.
Spears' representative did not respond immediately to a comment request. Spears was charged with two misdemeanors in 2007: one count of hit-and-run causing damage to property and another count of driving while not having a valid California driver's license.
Spears was able to regain control of her life and her money in 2021 after a judge lifted a 13-year conservatorship. The arrangement, which is usually meant to protect elderly people, became a major cause of celebration for both fans and critics.
The singer of "Piece of Me", had been begging the court to end the conservatorship since 2008 that has governed her personal life, and 60 million dollars estate.
Jamie Spears was the conservator and set it up after Spears had a breakdown and was hospitalized in 2007.
Documentaries and #FreeBritney, a movement by fans who questioned the need for restrictions on the singer while she toured the world and earned millions of dollars, sparked interest in the case.
(source: Reuters)