(Reuters) -Forecasters at Colorado State University for a second time raised their estimate for tropical storms during this year’s Atlantic hurricane season, citing record warm sea surface temperatures. The group had last month raised its outlook to a near-normal season and number of storms. On Thursday, it boosted its forecast to 18 named storms, producing…
By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze and rising borrowing costs, industry experts said, exacerbating the shortage of new homes. The housing market, which is one of the biggest casualties of the fastest rate-hike cycle in the…
(Reuters) – Pfizer has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest small biotechnology firm to attract the pharmaceutical giant’s interest. The news lifted shares of Caribou more than 61% in early trade. Pfizer purchased nearly 4.7 million Caribou shares at $5.33 per share, Caribou said on Thursday,…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, while private payrolls surged in June, suggesting that the labor market remained on solid ground despite growing risks of a recession. The reports on Thursday, which also suggested that laid-off workers were experiencing shorter spells…
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt) this year, rising to 1.5 mt in 2025. “Due to copper’s highly conductive and ductile nature, it is an ideal candidate for transformation…
By Guy Faulconbridge MINSK (Reuters) -Belarusian President Alexander Lukashenko said on Thursday that the mutinous chief of Russia’s Wagner group was still in Russia with thousands of fighters, but dismissed speculation that President Vladimir Putin would have Yevgeny Prigozhin killed. Lukashenko helped broker a deal to end last month’s mutiny, the gravest challenge to Putin…
By Emma Farge GENEVA (Reuters) – Nadine, a social robot powered by Artificial Intelligence (AI) with human-like gestures and expressions, could have an important future role to play in tending to the sick and elderly, according to a professor who helped invent it. Nadia Magnenat Thalmann, a robot expert from the University of Geneva, who…
BEIRUT/JERUSALEM (Reuters) -Two rockets were fired from southern Lebanon toward Israel on Thursday, prompting cross-border strikes by the Israeli military, sources on both sides said. The incident came amid heightened Israeli-Arab tensions after Israel this week conducted one of its largest military incursions in decades in the occupied West Bank, targeting the Jenin camp, a…
(Reuters) – Dish Network Chairman Charlie Ergen is considering merging the two halves of his telecom empire, Dish and EchoStar, news publication Semafor reported on Thursday, citing people familiar with the matter. The companies have engaged advisors, according to the report, which did not offer details on the timeline for a deal or the size….
DUBAI (Reuters) -Iran and Sudan said on Thursday they were planning to restore ties after the Iranian foreign minister met his acting Sudanese counterpart for the first time since diplomatic relations between the two countries were severed seven years ago. Sudan’s foreign ministry said in a statement that the meeting, on the sidelines of a…
