By Valerie Insinna CHARLESTON, South Carolina (Reuters) – Boeing Co has increased production of its widebody 787 Dreamliner from three to four planes per month as it gets ready to ramp to five a month by the end of the year, a company official said on Tuesday. The U.S. planemaker also plans to add a…
By David Shepardson WASHINGTON (Reuters) -More than 8.3 million U.S. homes and businesses lack access to high-speed broadband internet, the Federal Communications Commission said Tuesday in unveiling its revised national broadband access map. The FCC said it has increased its estimates of homes and businesses without access by nearly 330,000 locations. The data is crucial…
Rising U.S. labor costs are doing little to drive up inflation, researchers from the Federal Reserve Bank of San Francisco said on Tuesday, a finding that may undercut the argument that wage gains are key to elevated price pressures. The analysis by Adam Shapiro in the latest edition of the FRBSF Economic Letter showed that…
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…
