By Valentine Hilaire MEXICO CITY (Reuters) -Mexican bottler and retailer Femsa could spend $7 billion to $8 billion on new store openings over the next five to six years, an executive said following the release of second-quarter earnings boosted by more convenience stores. Femsa, which is selling stakes in Dutch brewing giant Heineken and Jetro…
By Aditya Soni (Reuters) -Meta shares surged nearly 8% on Thursday as a rosy revenue forecast showed that artificial intelligence was helping the social media giant boost engagement and ad sales even in an uncertain economy. The Facebook owner was set to add about $60 billion to its market value after strong second-quarter earnings encouraged…
By Kanishka Singh and Michael Martina WASHINGTON (Reuters) – China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday. The assessment by the Office of the Director of National Intelligence (ODNI) was published by the…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than expected in the second quarter as a resilient labor market supported consumer spending, while businesses boosted investment in equipment and built more factories, potentially keeping a much-feared recession at bay. Despite the broad-based acceleration in growth reported by the Commerce Department on Thursday,…
By David Shepardson WASHINGTON (Reuters) -The U.S. Environmental Protection Agency said on Thursday it sent letters to AT&T and Verizon requiring both companies to quickly provide the agency with information in its ongoing review of risks posed by lead-clad telecom cables. The EPA said it is closely reviewing issues raised in the Wall Street Journal’s…
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Thursday said Ethan Zindler, a climate and clean energy research executive, has been named the department’s new climate counselor, charged with leading its efforts to unlock financing to achieve a net-zero carbon emissions economy. Zindler replaces John Morton, who stepped down in December from running…
By David Shepardson WASHINGTON (Reuters) – Four Republican U.S. senators on Wednesday sought to reverse a Biden administration decision to waive “Buy America” requirements for government-funded electric vehicle (EV) charging stations. Senators Marco Rubio, Roger Marshall, Rick Scott and Kevin Cramer said the Federal Highway Administration waiver of U.S. content requirements for steel, iron and…
By David Shepardson WASHINGTON (Reuters) – Congress still faces serious hurdles to winning approval for long-stalled legislation to speed the adoption of self-driving cars. “China is currently moving ahead with ambitious plans to lead the development and deployment of this technology,” said House Energy and Commerce Committee chair Cathy McMorris Rodgers at a hearing Wednesday….
By Andrea Shalal WASHINGTON (Reuters) – The Biden administration on Thursday continued its push to drive down housing prices, announcing steps to reduce zoning and land-use restrictions that often constrain housing construction, especially in low-income areas, and better protect renters. The moves, which will also expand financing for affordable, energy efficient and resilient housing and…
By Leah Douglas WASHINGTON (Reuters) – U.S. lawmakers from both parties are pushing legislation that would limit who can own American farmland, with a latest effort from Democratic Senator Cory Booker aimed at curbing corporate ownership. Farm groups and lawmakers are concerned that land buys by investors and foreign countries are driving up farmland prices…
