(Reuters) -Demand for power in Texas hit a record high on Wednesday for the second time this week and ninth time this summer as homes and businesses powered their air conditioners to escape a lingering heat wave. After setting 11 new highs for demand last summer, the Electric Reliability Council of Texas (ERCOT) said power…
By David Shepardson (Reuters) -U.S. passenger railroad Amtrak and Texas Central Partners said on Wednesday they are seeking federal grants for proposed high-speed rail service between Dallas and Houston. The proposed 240-mile (380km) route would mean a less than 90-minute trip between two of the top five major U.S. metropolitan areas. Texas Central and Amtrak…
By Gloria Dickie LONDON (Reuters) – A dangerous combination of heat and humidity is sweeping the Gulf region this week, hitting cities from Dubai to Doha. Dubai, for example, is forecast to see air temperatures hover around 43 degrees Celsius (109 degrees Fahrenheit). But climate experts say air temperature alone can be misleading. Meteorologists are…
By David Shepardson WASHINGTON (Reuters) -U.S. regulators said on Wednesday they would extend temporary cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport through Oct. 28, citing air traffic controller staffing issues. The Federal Aviation Administration (FAA) in March agreed to the request of Delta Air Lines and United…
By Nate Raymond BOSTON (Reuters) – Harvard University on Wednesday lost a bid for an insurer to cover up to $15 million of the costs of defending itself in a lawsuit that led to the U.S. Supreme Court barring it and other colleges from considering race as an admissions factor. The Boston-based 1st U.S. Circuit…
(Reuters) – A U.S. nurse and her child have been safely released after their kidnapping in Haiti two weeks ago, a faith-based humanitarian aid organization where the nurse works said on Wednesday. “We are so thankful for everyone who joined us in prayer and supported us during this crisis,” humanitarian aid organization El Roi Haiti…
By Echo Wang (Reuters) – U.S. stocks closed lower on Wednesday, the day after a report showed Americans borrowed more than ever on their credit cards in the last quarter, and a day ahead of U.S. Consumer Price Index (CPI) inflation data that could influence Federal Reserve interest rate decisions. “The markets today are just…
By David Milliken LONDON (Reuters) – British house prices saw the most widespread falls since 2009 last month as interest rates hit a 15-year high, while rents surged by the most since 1999 as more landlords sold up, a survey showed on Thursday. The Royal Institution of Chartered Surveyors (RICS) said its house price balance,…
By Sourasis Bose (Reuters) -Canopy Growth again raised doubts about its ability to stay afloat as the Canadian pot producer’s loss-making streak continued in the first quarter. Despite a strong start following the legalization of pot in Canada in 2018, the country’s cannabis industry has faced intense competition from cheaper marijuana that is sourced illegally….
By Clare Jim HONG KONG (Reuters) -News that big developer Country Garden was not able to make $22 million in bond payments is an alarm call for China’s government that more private property companies are close to a tipping point if financial support doesn’t materialise soon. As Country Garden was the largest developer in the…
