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European Markets Hit Record High as U.S. Data Boosts Recovery Hopes


Back in Europe, the United Nations International Civil Aviation Organization will investigate Belarus over its forced grounding of a Ryanair passenger plane in order to arrest a dissident journalist, a move that triggered global outrage.
Meanwhile, Russia has blocked airspace to Air France and Austrian Airlines after the two carriers altered their flight plans to avoid its ally Belarus in protest at the government s actions.
British Prime Minister Boris Johnson has warned that the full lifting of England s coronavirus restrictions on June 21 may be delayed as cases in the country of the Covid variant first detected in India doubled over the past week. ....

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Time For Another Oil Giant to Lead: Total Downgraded at Cowen


By
Barbara Kollmeyer
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A general view of a Total petrol station in Kampala, Uganda, on Jan. 28, 2020.
AFP via Getty Images
They say it’s lonely at the top.
For France’s Total, years of dominance on the oil patch are over, say analysts at Cowen, who downgraded the company to market perform from outperform in a note to clients on Tuesday. Jason Gabelman and George Kuhle say they continue to like Total’s strategy, but it faces a tougher two years ahead.
“TOT is trading at an elevated premium versus peers while we expect its balance sheet advantage to shrink to in-line with peers. Production growth will slow after leading the group while nonproductive capex rises,” says the pair. ....

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How U.S. Research Damning Electric Cars is Funded by Saudi Oil Interests


By
Matt Smith
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U.S. Department of Energy, Oak Ridge National Laboratory
Hidden in the hardwood forests of eastern Tennessee is a glass-and-steel American Wakanda of impulsed neutron beams, supercomputers, and atom probe microscopes. Here, at the U.S. Department of Energy’s Oak Ridge National Laboratory, Enrico Fermi and fellow scientists raced to develop the neutron bomb, and subsequent generations worked on the world’s-fastest computers, helped develop nuclear submarines and advanced spacecraft, analyzed greenhouse gas emissions, and made world-changing discoveries such as ribonucleic acid and the role of the Y chromosome.
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How U.S. Research Damning Electric Cars Is Funded by Saudi Oil Interests ....

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