By Timothy Gardner WASHINGTON (Reuters) -The U.S. Energy Department on Monday canceled a $200 million grant for lithium battery company Microvast Holdings, a source familiar with the matter said, after lawmakers cited concerns over its alleged links to China’s government. The department had been in talks with Microvast over the grant to help build a…
By Daniel Trotta and Brad Brooks (Reuters) -Seven U.S. states that depend on the overused Colorado River on Monday reached agreement to cut consumption and help save a river that provides drinking water for 40 million people and irrigation for some of the country’s most bountiful farmland. Arizona, California and Nevada will reduce intake by…
By Brendan O’Brien (Reuters) -A judge on Monday entered a not guilty plea on behalf of the graduate student charged with murder in the fatal stabbing of four University of Idaho college students. Bryan Kohberger, 28, remained mostly silent and opted not to enter a plea during an arraignment hearing in Latah County, prompting District…
By Saeed Azhar and Shreyashi Sanyal NEW YORK (Reuters) – Wall Street finished mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling. U.S. President…
By Anant Chandak BENGALURU (Reuters) – The Bank of Korea will keep interest rates unchanged for a third time on Thursday to assess the impact of previous hikes on inflation and economic growth, according to a Reuters poll of economists who were divided over the prospect of a rate cut by the end of the…
MEXICO CITY (Reuters) -Mexico’s top court invalidated a presidential decree on Monday that declared a pair of major transport projects a matter of national security, which would have reduced civilian oversight and made future legal challenges more difficult. One of the projects is a rail line known as the Mayan Train which aims to link…
(Reuters) – Russia’s Foreign Ministry said on Monday that Group of Seven nuclear “rhetoric” has the sole aim of exerting psychological, military and political pressure on Moscow and Beijing. In the first ever communiqué on nuclear disarmament issued at the G7 summit last week, the group called on Russia and China to show greater transparency…
By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy ended discussions on Monday with no agreement on how to raise the U.S. government’s $31.4 trillion debt ceiling and will keep talking with just 10 days before a possible default that could sink the U.S. economy. The Democratic president…
By Tiyashi Datta (Reuters) -Zoom Video Communications Inc on Monday raised its full-year forecasts for revenue and profit even as growth winds down from a pandemic boom and business spending slows in a tough economy. Shares of the company pared gains to trade 0.7% higher post market hours, after having rallied nearly 5% earlier. Zoom…
By Nupur Anand, Lananh Nguyen and Mehnaz Yasmin NEW YORK (Reuters) -JPMorgan Chase & Co’s CEO Jamie Dimon said he leads the largest U.S. bank with the same intensity as when he was younger, but noted with a laugh on Monday that he plans to remain another “3-1/2” years. Dimon stressed the bank’s plans regarding…
