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East Coast heat wave to jolt US power, gas prices

Bloomberg The most intense heat of the year across the US East Coast may fire up electricity and natural gas prices as households and businesses crank up their air conditioners over the next several days. Simmering temperatures expected to sweep across the US Midwest, mid-Atlantic and Northeast over the next five days may boost power demand to a nine-month high, ...

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Qatari LNG diversions shock EU traders as crisis intensifies

Bloomberg European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course. Two ships bound towards Europe veered course, taking them away from the Red Sea and Suez Canal, the transit route for gas into the Mediterranean Sea and a ...

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India’s top court delays Modi’s plan to link taxes, biometric ID

Bloomberg Indian citizens cannot be forced to enroll for a 12-digit unique identity number to be able file tax returns, the country’s top court said in a ruling that may be a hurdle for Prime Minister Narendra Modi’s plan to move transactions online. The Supreme Court partially stayed a law that made the Aadhaar card mandatory for filing returns or ...

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