Automakers Scramble To Decode New U.S. EV Tax Credits
U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs), as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies.
Wall St Set For Weekly Gains On Signs Of Cooling Inflation
Wall Street's main indexes rose on Friday, setting the S&P 500 and the Nasdaq for a fourth straight week of gains on easing bets of another super-sized interest rate hike on evidence of cooling inflation.
Sky-high Energy Costs To Fan Fire Under Aluminium And Zinc Prices
Slowing economic growth is weighing on industrial metals prices but zinc and aluminium are likely to outperform if sky-high energy prices force European smelters to cut output further, leading to larger shortages.
Biden Admin Announces $3 Billion In FEMA Climate Resilience Funding
The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by climate change.
India's July Inflation Eases To 6.71% As Some Commodity Prices Fall
India's consumer inflation dipped to 6.71% in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes next month.
Analysis-Gang Crime Looms Over Election In Sweden As Shootings Spread
In the span of eight days in May, three young men were shot dead in a small neighborhood of the town of Orebro, part of a wave of gang violence spreading from big cities to small-town Sweden that is topping voters' concerns ahead of elections next month.
Israeli Families Of 1972 Munich Olympics Victims Demand More Compensation
The families of Israeli athletes murdered at the 1972 Munich Olympics are unhappy with fresh German compensation offers and plan to boycott a ceremony marking the 50th anniversary of the attack in protest, their spokesperson told Reuters on Friday.
Carbon Emissions From French Wildfires Hit Record
Ongoing wildfires in France have already released record amounts of carbon into the atmosphere, new satellite data has shown https://atmosphere.copernicus.eu/intense-wildfire-activity-southwestern-europe-amid-heatwaves-and-dry-conditions?utm_source=press&utm_medium=outreach&utm_campaign=wildfires.
TSX Futures Edge Higher; Inverted Yield Curve Triggers Caution
Futures for Canada's main stock index inched higher on Friday as the country's two main telecoms firms made headway with their merger deal, but sentiment was expected to be downbeat on worries over "soft landing" challenges for the economy.
Column - Scarcity Changes The LME Warehousing Game: Andy Home
The London Metal Exchange's (LME) global warehousing network is shrinking rapidly.
Irish House Prices Return To 2007 Peak For First Time
Irish house prices returned in June to levels not seen since the credit-fuelLed peak of 2007, after data on Friday showed further rapid rises that experts have this time attributed to a dearth of supply rather than an overabundance of credit.
Biden Advisers Push Early Launch Of His 2024 Presidential Campaign
U.S. President Joe Biden should announce his candidacy for re-election sooner than usual following November's congressional race in a bid to squash speculation about the Democrat's plans ahead of the 2024 campaign, several sources said.
Winter Diesel Shock Looms As Tanks Dry Up Ahead Of Sanctions
Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications for the continent's industries and drivers in the run-up to EU sanctions on Russian crude oil and refined product supplies.
Exclusive: U.S. Questioned Cheniere Pollution Controls During LNG Plant Permitting - Documents
U.S. regulators raised doubts about Cheniere Energy's decision to install higher-polluting gas-fired turbines at its Gulf Coast liquefied natural gas terminals in Texas and Louisiana years before they began operating, according to documents reviewed by Reuters.
Chef Andres Urges Unity On Ukraine Food Aid Ahead Of Harsh Winter
Jose Andres, whose World Central Kitchen group has served more than 130 million meals in Ukraine since Russia's invasion in February, called for better coordination of food relief efforts in the country ahead of what promises to be a brutal winter.
Sarajevo Film Festival Provides Platform For Ukrainian Filmmakers
The Sarajevo Film Festival, the largest film industry showcase in the region, is for the first time allowing Ukrainian movies in its competition and providing support to Ukrainian filmmakers.
'Line Through Our Hearts': A Kashmir Village, 75 Years After Partition
A roaring Himalayan river and one of the world's most militarised borders separate the Khokhar family in Kashmir, a mountainous region divided between India and Pakistan - arch rivals that gained independence from Britain 75 years ago.
Flutter's Shares Soar On Further Rapid U.S. Growth
Flutter said on Friday it is seeing no sign of cash-strapped customers betting less and gave another positive update on its rapidly growing U.S.
Sadr Followers Hold Mass Prayer Outside Iraqi Parliament In Show Of Force
Thousands of followers of Moqtada al-Sadr held a mass prayer outside parliament in Baghdad on Friday in a show of support for the powerful Shi'ite cleric who has called for Iraq's judiciary to dissolve parliament by the end of next week.
Analysis: U.S. Move To Negotiate Drug Prices A Rare Defeat For Big Pharma
Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but is still on course for a major defeat by failing to stop a bill that allows the government to negotiate prices on select drugs.
In The Heart Of Coal Country, U.S. Climate Bill Could Push Up Green Shoots
In West Virginia, a solar field could soon rise atop an abandoned coal mine, and factories will soon be churning out batteries and electric school buses.
Exclusive-Malaysia's Tenaga Plans $1 Billion IPO For Power Business, Sources Say
Malaysian electricity utility Tenaga Nasional Bhd plans to begin the process next year for a potential $1 billion listing of its power generation business, sources close to the matter told Reuters.
Drugmakers' Shares Stabilise After Zantac Litigation Slump
Shares in GSK, Sanofi, Haleon and Pfizer began to recover on Friday after the companies said that nothing material had changed regarding U.S.
With Alibaba Stake Cut, SoftBank's Son Cools Toward China Tech
SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech.
New York Gun Bans Alarm Residents Of Upstate Bear Country
Gunfire has long echoed in New York's Adirondack Mountains.
U.S. House Set To Give Biden New Win With $430 Billion Bill On Climate, Drug Prices
The U.S. House of Representatives will vote Friday on a $430 billion bill to fight climate change and lower prescription drug prices, in what Democrats view as a major political win for President Joe Biden ahead of November's midterm elections.
Taiwan Revises Down 2022 GDP Growth Forecast On Inflation Woes
Taiwan's economy is likely to grow at a slower pace this year that initially forecast, the statistics office said on Friday, lowering its outlook due to global inflation and slowing consumer demand in major markets.
Exclusive-Europe Eyes SpaceX To Fill Launch Void Left By Russian Tensions
The European Space Agency (ESA) has begun preliminary technical discussions with Elon Musk's SpaceX that could lead to the temporary use of its launchers after the Ukraine conflict blocked Western access to Russia's Soyuz rockets.
French Cartoonist Sempe, Famous For New Yorker Covers, Dies Age 89
French cartoonist Jean-Jacques Sempe, who won international acclaim with a series of more than 100 drawings for the covers of The New Yorker magazine, has died at the age of 89.
Italy's Right Pledges Tax Cuts, Immigration Curbs, Welfare Reform
Italy's conservative bloc will cut taxes, crack down on immigration and scrap the current system of welfare benefits if it wins next month's election as expected, the group said in a joint manifesto.