Vermilion Energy to sell US assets for $120 million
June 5 (Reuters) - Canada's Vermilion Energy (VET.TO), opens new tab said on Thursday it will sell its United States assets for $120 million.
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Reuters
37 minutes ago
- Reuters
Trump administration approves coal mine expansion to boost Asia exports
WASHINGTON, June 6 (Reuters) - The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump's energy emergency directives. The approval authorizes the Montana-based coal company to recover 22.8 million metric tons of federal coal and 34.5 million tons of adjacent non-federal coal and extend the life of the Bull Mountains mine by nine years. Interior Secretary Doug Burgum, who is also co-chair of Trump's Energy Dominance Council, said unlocking more federal coal enables the U.S. to bolster ties with U.S. allies abroad. "President Trump's leadership in declaring a national energy emergency is allowing us to act decisively, cut bureaucratic delays and secure America's future through energy independence and strategic exports," he said. Signal Peak had initially sent its plan to expand its mining operations to the Office of Surface Mining Reclamation and Enforcement in 2020 but it has been under federal review and subjet to litigation since then. The Interior Department completed the environmental impact statement for the mine expansion according to its new policy to speed such reviews to a maximum of 28 days. Burgum this week joined Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin in Alaska to promote an LNG project, as well as other energy exports, destined for Asian markets that was attended by Japanese and Korean officals. The Bull Mountains mine, located in Musselshell and Yellowstone counties, employs over 250 workers and primarily supplies Japan and South Korea. Environmental groups have tried to block the expansion of the mine over concerns about its water usage and greenhouse gas emissions.
Daily Mail
an hour ago
- Daily Mail
The new 'zebra-striping' trend that's changing your favorite restaurants' menus
Young Americans are going wild for the 'zebra-striping' trend, and restaurants and bars are having to adapt their menus. Popular among Gen Z, the trend involves alternating between alcoholic and non-alcoholic beverages - hence the name inspired by the black and white pattern of a zebra's stripes. Chains like Applebee's and Buffalo Wild Wings are known for offering can't-miss drink deals, and Chili's has been dubbed by some as America's margarita king. However, an abundance of beer and cocktails has slowly become a thing of the past in the eyes of restaurant goers. About 48 percent of alcohol drinkers are actively choosing to drink less, according to IWSR, a global leader in beverage alcohol data. And a study conducted by Restaurant Business' sister brand Technomic showed that among guests who had recently ordered a drink from a bar, 30 percent reported they'd also ordered a non-alcoholic alternative. Restaurants are taking note. Mentions of mocktails on menus are up 37.4 percent since 2019, including a 9.6 percent jump last year alone, according to Technomic. Participants ages 18 to 34 were the ones who were most interested in drinks with zero alcohol, but older consumers were not far behind them. Drinkers may occasionally enjoy Bloody Marys or Mimosas during brunch. Daytime hours are usually when people can find diners paring their alcohol with regular drinks. 'Gen Z and younger millennials are most likely to engage in both alcohol and non-alcohol bar drinks during the same restaurant occasion — to a significant degree — and mocktails/alcohol-free cocktails are the top items paired with beverage alcohol,' said Robert Byrne, senior director, consumer research at Technomic. 'Everything is expensive in the current inflationary environment, but that is likely a small part of the reason behind the trend.' 'I would suggest it is a combination of increased interest in moderation as an important component of an overall healthy lifestyle and experience-seeking behavior,' Byrne added. Barry Thomas, senior global thought leader for Kantar, believes cultural shifts leaning towards a 'sober-curious mindset' is the biggest reason for the change. 'In my generation, Gen X, you'd often say you were going out for a night to forget. Well, not Gen Z. It's about having a night to remember,' Thomas told The Food Institute. Places famous for drink deals like On The Border Mexican Grill & Cantina and Hooters filed for bankruptcy this year. However, significant menu shakeups could increase their chances of restaurants' survival. Gen Z restaurant goers may appreciate a new drinks menu that include various non-alcoholic beverages. Mocktails, designed to mimic alcoholic drinks, can help provide a shakeup to a menu suitable for guests looking to enjoy their night. Businesses can also offer different brunch, lunch, and happy hour deals at certain times during the day, with a twist. A possible drink special restaurants can offer would require guests to purchase a mocktail or hand-pressed juice to get an alcoholic beverage for 50 percent off. Both of those beverages could also be paired with food, making it easier for customers to be aware of their surroundings. Diners can also skip the restaurant and mix alcohol and non-alcoholic beverages on flights. According to Byrne, travelers who pair beer and non-alcoholic beer together can have a unique experience while capitalizing on the current trend.
BBC News
an hour ago
- BBC News
Trump and Musk: The 10 days that unravelled their relationship
The pairing of Donald Trump and Elon Musk, the leader of the richest country in the world with the richest person in the world, seemed a perfect the last 10 days have seen the pair move from gentle disagreement to bitter acrimony. These are the public moments which brought their relationship crashing down. Wednesday 28 May Speaking to CBS News, Musk criticises Trump's plans for a new bill on tax and spending - saying the planned legislation left him "disappointed".Trump later admits to reporters that he is "not happy about certain aspects" of the bill while at the same time being "thrilled" about some aspects, such as tax doesn't comment directly on Musk's remarks, however. Thursday 29 May Musk announces he will be leaving the Trump administration after his scheduled time as a special government employee reaches its end. He had led a cost-cutting mission known as the Department of Government Efficiency (Doge). Friday 30 May Trump praises Musk as the latter appears with a black eye in a press conference on his last day at the White is "not really leaving", the president says, and will continue to be "back and forth" to the White House. Monday 2 June Trump defends his "big, beautiful bill" in a post on Truth Social, claiming "many false statements" are being made about his landmark economic policy. Tuesday 3 June Musk again attacks Trump's planned bill, calling it "massive, outrageous, pork-filled" and "a disgusting abomination" in a post on US politics, "pork" refers to spending on projects in lawmakers' marks the start of an escalation in comments from Musk on social media. Wednesday 4 June, 13:57 local time (18:57 BST) Musk calls for a new spending bill "that doesn't massively grow the [US government budget] deficit and increase the debt ceiling". Wednesday 4 June, 14:50 Musk urges his followers to call their representatives to oppose Trump's bill. Thursday 5 June, 11:20 Musk quotes a series of old post on X by Trump, from 2012 and 2013, in which Trump criticises government spending. Thursday 5 June, 12:00 Speaking in the Oval Office alongside German Chancellor Friedrich Merz, Trump says he and Musk "had" a great relationship but "I don't know if we will anymore".He also says Musk is "upset" that subsidies for electric vehicles would be cut in his planned bill, affecting the billionaire's Tesla and SpaceX businesses. Thursday 5 June, 12:19 Musk responds in real-time to the broadcast from the Oval Office, dismissing Trump's assertions. Thursday 5 June 12:24 Back at the White House, Trump tells reporters Musk knew "every aspect of the bill" and says he is "very disappointed in Elon". Thursday 5 June, 12:25 "False," replies Musk on X. "This bill was never shown to me even once and was passed in the dead of night so fast that almost no-one in Congress would even read it!" Thursday 5 June, 12:44 Musk resurfaces old Trump posts on X, highlighting moments when the president criticised America's budget deficits. "Where is this guy today??" he asks. Thursday 5 June, 12:46 Replying to another user on X, Musk says: "Without me, Trump would have lost the election." He goes on to say: "Such ingratitude". Thursday 5 June, 13:44 Still going, Musk claims on X that "the Big Ugly Bill will INCREASE the deficit to $2.5 trillion". Thursday 5 June, 13:49 Musk continues to quote old Trump posts on X about government spending. He asks: "Where is the man who wrote these words? Was he replaced by a body double!?" Thursday 5 June, 13:57 "Is it time to create a new political party in America that actually represents the 80% in the middle?" Musk asks in a poll on X. Thursday 5 June, 14:37 Trump starts posting on his Truth Social platform, saying Musk had been "wearing thin" so he asked him to leave the White House, and alleging that Musk "went CRAZY".Musk calls this "an obvious lie"."The easiest way to save money in our Budget," Trump continues in another post, "is to terminate Elon's Governmental Subsidies and Contracts". Thursday 5 June, 15:10 Musk alleges, without providing evidence, that Trump appears in the "Epstein files", referring to court documents and evidence collected by investigators into convicted sex offender Jeffrey Epstein. Thursday 5 June, 16:06 Posting on Truth Social, Trump says he doesn't mind "Elon turning against me" and continues to defend his bill. Thursday 5 June, 16:09 Responding to Trump's suggestion that he could terminate government contracts with Musk's companies, Musk says he will "immediately" decommission the Dragon spacecraft - a craft that is capable of travelling to the International Space Station. Thursday 5 June, 16:11 Musk appears to endorse impeaching Trump while quoting a conspiracy theorist who shared his Epstein files claim about the president. Thursday 5 June, 16:26 Musk attacks another of Trump's signature policies - his trade tariffs - by posting on X to say these "will cause a recession in the second half of this year". Thursday 5 June, 21:27 Musk appears to soften, replying on X "you're not wrong" to another billionaire Trump backer, Bill Ackman, who had called for the pair to "make peace for the benefit of our great country". Friday 6 June, 08:05 Trump describes Musk as "the man who has lost his mind" in an interview with ABC News and says he is "not particularly" interested in speaking to White House tells the BBC Trump does not intend to talk to the tech billionaire today, after reports they would speak on the phone is also reported by CBS, the BBC's US partner, that Trump is considering selling his Tesla car - which he had purchased when he was trying to help Musk promote his company.
