Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge A fresh front in the Middle East crisis opened this week, bringing a return of soaring global energy markets and stoking fears that the oil price could surge to $120 (£90) a barrel. In a matter of days the price of Brent crude has jumped by more than 13%, breaching the $100 a barrel mark on Thursday after Yemen’s Houthi militias took aim at a new target: Saudi oil exports via the Bab al-Mandab strait. Continue reading... from The Guardian https://ift.tt/Mk47crO via IFTTT
How do Lime’s ebikes make money? Finances reveal the juice isn’t worth the squeeze, at least not yet
The firm’s share market debut raised US$167m but analysts have been wondering for years: how does this business stack up?
In April, Lime brought its green ebikes and e-scooters to Canberra. Before it had even arrived, the US micro-mobility firm had spent nearly US$2m.
Lime’s experience in Australia’s sprawling capital is emblematic of a broader problem at the core of a business heavy on capital outlay and light on income.
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