By Sarah McFarlane, Timothy Gardner and Susanna Twidale WASHINGTON/LONDON (Reuters) – U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Russian. That’s why the U.S. government is urgently looking to use some of its…
TOKYO (AP) — Japan marked a trade deficit for the 14th month in a row, government data showed Thursday, with exports and imports ballooning to record highs, as the declining value of the yen added to the soaring costs of imported energy, food and other goods. Imports totaled 10.9 trillion yen ($72.7 billion) in September,…
By Byron Kaye SYDNEY (Reuters) -Australia’s biggest health insurer said on Thursday a criminal had apparently stolen customers’ medical information as part of a massive breach of data, fuelling concern about a wave of high-profile cyber attacks. Medibank Private Ltd, which covers one-sixth of Australians, said an unidentified person had shown the company stolen personal…
WELLINGTON, New Zealand (AP) — Farmers across New Zealand took to the streets on their tractors Thursday to protest government plans to tax cow burps and other greenhouse gas emissions, although the rallies were smaller than many had expected. Lobby group Groundswell New Zealand helped organize more than 50 protests in towns and cities across…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s imports grew more than 40% for a fifth straight month in September to hit the largest value on record as a slump in the yen aggravated already high fuel import costs, stoking fears of cost-push inflation. The surge in imports overwhelmed growth in exports, resulting in a 2 trillion…
By Vivek Mishra BENGALURU (Reuters) – India’s economy will grow well below its potential over the next two years, with inflation staying above the mid-point of the Reserve Bank of India’s tolerance band despite recent interest rate rises, according to a Reuters poll of economists. While growth was expected to be faster than many other…
(Reuters) -U.S. cigarette maker Altria Group Inc on Wednesday said industry peer Philip Morris International Inc (PMI) has agreed to pay it $2.7 billion for the exclusive right to sell IQOS heated tobacco products in the United States. Altria in a statement said it has already received $1.0 billion from PMI and will receive the…
(Reuters) -Altria Group Inc said on Wednesday its unit has reached a $2.7 billion deal with Marlboro maker Philip Morris International Inc’s unit to sell the U.S. commercialization rights for its IQOS heated tobacco products. Altria has received a $1 billion payment from Philip Morris and will receive an additional payment of $1.7 billion by…
WASHINGTON (Reuters) – If the Federal Reserve can bring inflation under control with unemployment remaining under 5% that would be “pretty unusual and good,” Chicago Fed President Charles Evans said on Wednesday. In remarks at the University of Virginia Evans said the policy projections outlined after the September Fed meeting, with the target interest rate…
By David Shepardson GREENVILLE, South Carolina (Reuters) – Setting a date to phase out gas-powered vehicles could remove “cheap cars” from the market, putting ownership out of reach for many, and be politically dangerous, the board chair of German automaker BMW Oliver Zipse said on Wednesday. Speaking ahead of the announcement of a $1.7 billion…
