By Guy Faulconbridge MOSCOW (Reuters) -President Vladimir Putin said on Tuesday that Ukraine’s biggest ever drone strike on Moscow was an attempt to scare and provoke Russia, and air defences around the capital would be strengthened. Russia said eight drones targeted civilian areas of Moscow and the Moscow region – with a population of over…
By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as insurers take fright at U.S. political pressure. Some Republican politicians have mounted a campaign against financial institutions collaborating to…
By Noor Zainab Hussain (Reuters) – State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with coverage getting costlier or harder to come by. State Farm General Insurance Company – State Farm’s provider of homeowners insurance…
(Reuters) – Boeing has increased production of its widebody 787 Dreamliner production from three to four planes per month, a company official said Tuesday. (Reporting by Valerie Insinna)
By Steve Scherer and Nia Williams (Reuters) -Alberta’s election of conservative leader Danielle Smith puts her on a collision course with Canada’s Liberal Prime Minister Justin Trudeau over climate policies that she claims will undermine the province’s massive fossil fuel industry. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Rachel Notley…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said…
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves total investment of 2 billion euros ($2.20 billion) – with…
(Reuters) – Nvidia Corp soared to a trillion-dollar market value on Tuesday as shares continued to surge after a bumper earnings report that forced Wall Street to reassess the potential windfall for the chipmaker from an artificial intelligence boom. Here’s an explainer on Nvidia and its role in AI boom. HOW BIG IS NVIDIA IN…
WASHINGTON (Reuters) – Representative Ralph Norman, a hardline conservative Republican, said he will vote against the debt ceiling bill when it comes before the U.S. House Rules Committee later on Tuesday, if it is not amended. (Reporting by David Morgan in Washington)
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures fell $3.09, or 4%, to…
