By Nichola Groom and Laila Kearney (Reuters) -BlackRock, Korea’s SK, Switzerland’s UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, developers and suppliers. Projects coming online are generating returns…
By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden administration…
By Emma-Victoria Farr FRANKFURT (Reuters) – Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million. The fifth generation family-owned business, which specialises in electronics, would become a publicly-listed company on…
LONDON (Reuters) – More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has standardised data to allow investors and others to compare corporate performance in…
By Joseph Ax (Reuters) – Former New Jersey Governor Chris Christie, who backed Donald Trump’s successful 2016 presidential campaign but has since become a vocal critic, will launch his campaign for the 2024 Republican presidential nomination on June 6, a person familiar with the matter said. Here are key facts about Christie’s life and career:…
(Reuters) -U.S. health and advocacy groups have declared June 2 as National Gun Violence Awareness Day. People are asked to wear orange – traditionally a color worn by hunters – to remember shooting victims. The annual event began in 2015 on what would have been the 18th birthday of Hadiya Pendleton, shot dead in Chicago…
By Samrhitha A (Reuters) – Shares of Hewlett Packard Enterprise Co slumped more than 10% on Wednesday as its lackluster revenue forecast fanned worries of a slowdown in cloud spending this year. The company was set to shed nearly $2 billion in market value if losses hold through the session. They have lost about 3%…
By John Kemp LONDON (Reuters) – U.S. domestic banks reported a widespread tightening of lending standards by the end of the first quarter of 2023 – even before the full impact of the regional banking crisis had been felt. Stricter lending criteria are likely to slow the flow of credit to small businesses and households…
By Savyata Mishra (Reuters) -Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading. Demand for high-end goods has softened in the U.S. as shoppers pause luxury indulgence in the face…
By Maria Martinez BERLIN (Reuters) -Germany on Wednesday joined a list of major euro zone economies reporting a bigger than expected drop in inflation, suggesting that price growth may be falling more quickly than expected, adding to arguments for caution on rate hikes. The European Central Bank has raised rates by a record 375 basis…
