By Karol Badohal and Supantha Mukherjee WROCLAW, Poland/STOCKHOLM (Reuters) – Poland’s third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life. In the face of an unprecedented semiconductor shortage, Europe is…
(Corrects acronym of project to ‘ELMED’ in paragraph 3) TUNIS (Reuters) – The World Bank Group has lent Tunisia $268.4 million to finance an electrical interconnection project with Italy that will link energy networks between Tunisia and Europe, TAP state news agency said on Thursday. The agreement ends a temporary pause in the bank’s work…
By David Shepardson WASHINGTON (Reuters) -National Transportation Safety Board chair Jennifer Homendy on Thursday vowed to ensure accountability and propose new safety recommendations in its investigation into the Feb. 3 Norfolk Southern train derailment in East Palestine, Ohio. Homendy said at the start of a two-day investigative hearing in Ohio the sessions “will help us…
By Doina Chiacu WASHINGTON (Reuters) -Former U.S. Representative Will Hurd, a moderate who was once the sole Black Republican in Congress, on Thursday joined the crowded race to beat Donald Trump for the party’s 2024 presidential nomination. Hurd, 45, announced his candidacy in a video and a Twitter post that stressed unity, the economy and…
(Reuters) – Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according to a regulatory filing. The company in May implemented a reverse stock split to comply with Nasdaq’s minimum $1 listing requirement and appease investor Foxconn that had threatened to scrap a $170 million funding in…
By Stephanie Kelly and Nia Williams NEW YORK (Reuters) – U.S. crude oil inventories at the Cushing, Oklahoma, storage hub have risen to their highest in two years, as outages at Midwestern refiners crimp demand and higher flows from Canada add to supply. Stockpiles at Cushing, the delivery point for U.S. crude oil futures, have…
By Borja Suarez ARGUINEGUIN, Spain (Reuters) – A total of 227 migrants were rescued on Thursday near Spain’s Canary Islands, emergency services said, one day after migrant charities said they feared more than 30 migrants had died after their inflatable dinghy sank on the same route. The Canary Islands off the coast of West Africa…
By Victoria Waldersee BERLIN (Reuters) – While investors welcomed Volkswagen’s decision to audit its jointly-owned plant in Xinjiang, China, some are questioning how it will be run and whether it is enough to eliminate the risk of forced labour in the supply chain. Deka, Union Investment and the Dachverband Kritische Aktionaere (Umbrella Organisation for Critical…
(Corrects attribution in seventh paragraph) By Stephanie Kelly and Nia Williams NEW YORK (Reuters) -U.S. crude oil inventories at the Cushing, Oklahoma, storage hub have risen to their highest in two years, as outages at Midwestern refiners crimp demand and higher flows from Canada add to supply. Stockpiles at Cushing, the delivery point for U.S….
By John McCrank NEW YORK (Reuters) – Nasdaq’s eye-popping $10.5 billion bet on the little known financial software company Adenza will help the exchange operator vastly expand the market for its products, from risk management and regulatory software to anti-financial crime technology. Nasdaq said on June 12 it would buy Adenza from private equity firm…
