(Reuters) – Vedanta Group, the promoter of metals-to-oil conglomerate Vedanta Ltd, has signed a five-year loan for about $850 million with JPMorgan and Oaktree, Bloomberg News reported, citing people familiar with the matter. The billionaire Anil Agarwal-led group is relying on money from its units to tackle its debt burden, after its efforts to sell…
By Stephen Nellis and Karen Freifeld WASHINGTON (Reuters) -The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives’ committee on China said on…
By Valerie Volcovici (Reuters) – The U.S. Federal Energy Regulatory Commission aims to finalize its plan to speed up the process of connecting power projects to the grid over the coming months, FERC Chairman Willie Phillips said on Tuesday, calling the issue his top priority. “I’ve talked a lot about how important it is to…
By Lucila Sigal BUENOS AIRES (Reuters) – Australian-based lithium miner Allkem Ltd, set for a $10.6 billion merger with U.S.-based Livent Corp, sees “enormous” opportunity in Argentina, a top executive said on Tuesday. Speaking at a mining event in Buenos Aires, Chief Sustainability and External Affairs Officer Karen Vizental said Argentina’s strong pipeline of lithium…
By David Shepardson WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said Tuesday there are concerns about the interaction between Tesla’s advanced driver assistance system Autopilot and drivers that is the subject of an ongoing government investigation. Since August 2021, the National Highway Traffic Safety Administration (NHTSA) has been investigating a series of Tesla crashes involving…
By Jennifer Rigby LONDON (Reuters) – A growing number of health emergencies around the world, from COVID-19 to cholera, have left the World Health Organization’s response “overstretched”, a senior advisor said on Tuesday. Speaking at the U.N. agency’s annual meeting, Professor Walid Ammar, chair of a committee reviewing the WHO’s emergency response, said funding and…
By Foo Yun Chee BRUSSELS (Reuters) -The Alliance for Open Media (AOM), whose members include Alphabet unit Google, Amazon, Apple and Meta, on Tuesday dodged a possible fine after EU antitrust regulators closed an investigation into its video licensing policy. The European Commission, which acts as the competition enforcer for the 27-country bloc, had been…
By Liz Hampton ARTESIA, New Mexico (Reuters) – Charlie Barrett walks through an oilfield in New Mexico’s southeastern desert, where the air smells of rotten eggs and old pumpjacks sit among shrub oaks, and turns on an infrared camera that can detect emissions from oil and gas equipment. Barrett, who works for environmental group Earthworks,…
WASHINGTON (Reuters) -A Missouri man who drove a rented box truck into security barriers near the White House was charged with threatening the president after what authorities appear to believe was a deliberate crash. A Reuters witness saw investigators pull a Nazi swastika flag from inside the truck, which plowed into barriers at Lafayette Square,…
By Anthony Deutsch and Stephanie van den Berg AMSTERDAM (Reuters) – Ukraine is investigating the alleged role of Belarus in the forced transfer of children from Russian-occupied territories, the office of the prosecutor general told Reuters on Tuesday. The announcement came in response to a report by the exiled Belarusian opposition alleging that 2,150 Ukrainian…
