BRUSSELS (Reuters) – EU antitrust regulators extended on Friday their deadline for a decision on U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing firm VMware by three days to June 26. The deadline was extended in agreement with the companies, a European Commission spokesperson said. Broadcom Chief Executive Hock Tan last week sought…
By David Lawder WASHINGTON (Reuters) -The United States faces a “significant risk” of defaulting on payment obligations within the first two weeks of June without a debt ceiling increase, the Congressional Budget Office said on Friday, adding that payment operations will remain uncertain throughout May. The non-partisan budget referee agency’s new estimate largely tracks Treasury…
By Valerie Volcovici and Timothy Gardner (Reuters) – The Biden administration’s plan to decarbonize the U.S. power sector envisions the first-ever large-scale use of carbon capture and green hydrogen over the next decade – raising questions about whether the climate-fighting technologies can rise to the challenge. The issue could emerge as a legal vulnerability for…
RIO DE JANEIRO (Reuters) -Republican U.S. congressman George Santos, who has Brazilian heritage, agreed to settle a lawsuit in which he was accused of bouncing checks to buy clothes in a Rio de Janeiro clothing store over a decade ago, a court in Rio said. Santos was indicted this week for fraud and money laundering…
By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices, executives from the Taiwanese company said. After narrowing a list of countries from 13 to three, ProLogium said it…
By Alexandra Ulmer (Reuters) – Metals magnate and Republican donor Andy Sabin said he has soured on Florida Governor Ron DeSantis over his stance on abortion and Ukraine, and is now planning to back Senator Tim Scott instead in the 2024 Republican White House race. Sabin had been considering donating to DeSantis, who is expected…
By Joey Roulette (Reuters) – Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders to buy its assets by a handful of days, according to two sources familiar with the matter. The development was first reported by Sky News. Virgin Orbit, founded by billionaire Richard Branson, filed for Chapter…
(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against its unit and executive director by Hexin Hengju (Shenzhen) Investment Holding Center. The group said the enforcement notice requires it to pay compensation of about 770 million yuan ($111.40 million)…
SHAKAHOLA FOREST, Kenya (Reuters) -Kenyan investigators unearthed 29 more bodies on Friday in a continuing search for victims of a doomsday cult in the country’s southeast. The death toll now stands at 179. Authorities this week have searched for remains in shallow graves scattered throughout the Shakahola forest and for any survivors as hundreds of…
By Nichola Groom and David Lawder (Reuters) -The U.S. Treasury Department on Friday clarified that developers of solar energy projects can claim a new subsidy for facilities built with American-made products even if the system’s panels contain cells made entirely with Chinese materials. The long-awaited rules around how companies can claim a new tax credit…
