By Nina Chestney and Susanna Twidale LONDON (Reuters) – After a bumper year for floating offshore wind farm tenders, the nascent industry is poised for explosive growth in the coming decade as countries strive to cut their carbon emissions. But it’s unlikely to be all plain sailing. Rising costs and supply chain bottlenecks have hit…
WASHINGTON (Reuters) – Lawyers for the U.S. Justice Department and Assa Abloy, the world’s biggest lockmaker, began arguments Monday in a fight over whether the Swedish company can go forward with a $4.3-billion deal to buy a division of Wisconsin-based Spectrum Brands Holdings Inc that makes residential door locks. Speaking for the government, Matthew Huppert…
FRANKFURT (Reuters) – Daimler Truck on Monday said its first-quarter results came in above market expectations, boosted by what it said was strong demand and an increase in unit sales. Preliminary first-quarter adjusted earnings before interest and tax cane in at 1.162 billion euros ($1.28 billion), up 78% year-on-year and also higher than the 976…
By Ross Kerber (Reuters) – U.S. political battles over corporate sustainability are turning hotter this spring as aggressive Republican statehouse efforts face increasing pushback from businesses and pension funds looking to account for climate change and protect returns. Dozens of Republican-sponsored bills aim to free fossil fuel companies from climate-driven constraints adopted by some Wall…
By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it…
By Valerie Volcovici WASHINGTON (Reuters) – The U.S. government may soon require natural gas-fired power plants to install technology to capture carbon emissions, sources said, as President Joe Biden’s administration enacts new rules to help decarbonize the power sector in 12 years. The Environmental Protection Agency as soon as this week is expected to unveil…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court, exploring free speech rights in the social media era, on Monday agreed to consider whether the Constitution’s First Amendment bars government officials from blocking their critics on platforms like Facebook and Twitter. The justices took up an appeal by two members of a public school board…
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the…
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the…
KAMPALA (Reuters) – At a shelter for lesbian women in Uganda’s capital Kampala, gone are the days when the residents, having fled abuse and stigma at home, could breathe easy and be themselves. That came to an end a month ago when parliament passed some of the world’s strictest anti-LGBTQ legislation, which would criminalise the…
