BERLIN (AP) — Germany will keep exporting electricity to neighboring France despite calling on people to help fend off winter shortages by saving energy at home, officials said Wednesday. Problems at French nuclear plants have driven up electricity prices there in recent months, prompting power companies in neighboring countries to sell excess energy to France….
By Nell Mackenzie LONDON (Reuters) – Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data published on Wednesday showed, as volatile markets sent many looking for safer places to keep their cash. Large investors like pension funds, asset managers and family offices pulled more money out of hedge…
BERLIN (Reuters) – China is exerting increasing pressure on foreign companies doing business in its markets to bring them into line with its political agenda, broadening the “red lines” for issues to which it is allergic, a German study seen by Reuters shows. A survey of more than 100 companies by the Berlin-based Merics think…
WASHINGTON (Reuters) – The U.S. economy likely created 462,000 more jobs in the 12 months through March than previously estimated, the Labor Department’s Bureau of Labor Statistics said on Wednesday. The reading is a preliminary estimate of the BLS’ annual “benchmark” revision to the closely watched payrolls data. Once a year, the BLS compares its…
NAIROBI, Kenya (AP) — Ethiopia’s military has launched a “large-scale” offensive for the first time in a year in the northern Tigray region, Tigray authorities alleged Wednesday, while the government countered that Tigray forces attacked first. It’s a significant setback to mediation efforts as millions of people remain starved of food and other needs. The…
BERLIN (AP) — German officials launched what they say is the world’s first fleet of hydrogen-powered passenger trains Wednesday, replacing 15 diesel trains that previously operated on nonelectrified tracks in the state of Lower Saxony. The 14 trains use hydrogen fuel cells to generate electricity that powers the engines. The German government has backed expanding…
MILAN (AP) — Italy’s push to rapidly reduce its dependence on Russian natural gas has made the country less vulnerable to an interruption of supplies, Premier Mario Draghi said Wednesday, noting that gas storage is 80% full ahead of winter and on track to hit 90% by October. Draghi told an annual summertime festival in…
By Samuel Shen and Brenda Goh SHANGHAI (Reuters) – China has raised the bar for issuances in the world’s second-biggest green bond market, taking a major step towards adopting global standards and eliminating ‘greenwashing’. Starting this month, the Shanghai Stock Exchange, China’s premier bourse, requires 100% of the proceeds from green bond issuances to be…
NEW YORK (AP) — President Joe Biden said Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. That amount increases to $20,000 if they qualified for Pell grants. Here’s what we know so far and what it means for people with outstanding student loans: WHO QUALIFIES FOR STUDENT LOAN…
By Richa Naidu LONDON (Reuters) – Tomasz Łuksza, who took over his father’s Polish confectionary business just over a decade ago, has a problem he’s not unhappy about: European supermarkets want more gummy bears and chocolate-covered marshmallows than he can make. “We’re seeing at least two times the demand of last year and we can’t…
