By Friederike Heine, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) -Intel will spend more than 30 billion euros ($33 billion) to develop two chip-making plants in Magdeburg as part of its expansion push in Europe, a deal Chancellor Olaf Scholz hailed on Monday as Germany’s biggest ever foreign investment. Berlin has agreed subsidies worth nearly…
By Friederike Heine, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) -Intel will spend more than 30 billion euros ($33 billion) to develop two chip-making plants in Magdeburg as part of its expansion push in Europe, a deal Chancellor Olaf Scholz hailed on Monday as Germany’s biggest ever foreign investment. Berlin has agreed subsidies worth nearly…
OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. “(This)…
By Kylie Madry (Reuters) – Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million, the chief executive of the firm said in an interview. “If you think about the post-COVID world and inflationary pressures, that bill (of…
HELSINKI (Reuters) – Denmark’s military support to Ukraine will be increased to 21.9 billion Danish crowns ($3.21 billion) during 2023-2028, the Danish defence ministry said in a statement on Monday. The aid will be delivered through a Ukraine fund Denmark set up in March as part of the small Nordic nation’s ambition “to be among…
(Reuters) – Rosemarie Aquilina, the American judge who sentenced disgraced USA Gymnastics doctor Larry Nassar, has called for an independent inquiry into sports across Canada amid widespread allegations of harassment, abuse and bullying. Aquilina, who testified on Monday at the Standing Committee on Canadian Heritage, said all athletes deserved immediate and meaningful action and accountability…
By Aaron Ross NAIROBI (Reuters) – The U.N. World Food Programme hopes to resume some food aid distribution in Ethiopia as soon as next month once it has received greater control over how beneficiaries are selected, a senior WFP official said on Monday. It paused food aid to the northern Tigray region in May and…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it received 30 consumer complaints alleging a loss of acceleration. The…
By Maayan Lubell JERUSALEM (Reuters) -Israel’s parliament will on Wednesday start work on a fresh bill that limits Supreme Court power to rule against the government, the Knesset said, risking renewed uproar over Prime Minister Benjamin Netanyahu’s proposed judicial changes. Netanyahu on Sunday said he would advance his government’s judicial overhaul after compromise talks with…
By Kate Abnett LUXEMBOURG (Reuters) -European Union countries on Monday haggled over a proposal allowing them to extend subsidies for coal plants as part of broader reforms to the bloc’s power market that are meant to increase the use of low-carbon power. EU energy ministers were meeting in Luxembourg to agree a joint stance on…
