Texas approves plan to boost oil and gas drillers’ power grid access

    By Georgina McCartney HOUSTON (Reuters) – A Texas commission unanimously on Thursday approved the Permian Basin Reliability Plan, which is designed to expand power grid infrastructure in the United States’ largest oilfield to accommodate rapidly growing demand from the oil and gas industry. The Public Utility Commission of Texas (PUCT) directed the Electric Reliability Council…

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      US House passes stopgap spending bill to avert government shutdown

      By Richard Cowan and Moira Warburton WASHINGTON (Reuters) -The U.S. House of Representatives on Wednesday passed a stopgap bill to avert a partial government shutdown beginning next week, even as a large number of Republicans revolted against their leadership for failing to achieve new federal spending cuts. The stopgap funding bill, which passed in the…

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        Harris promises tax breaks, investments for U.S. manufacturers

        By Nandita Bose and Gabriella Borter PITTSBURGH, Pa. (Reuters) -U.S. Vice President Kamala Harris said on Wednesday she would offer tax credits to domestic manufacturers and invest in sectors that will “define the next century”, as she detailed her economic plan to boost the U.S. middle class. Speaking at the Economic Club of Pittsburgh in…

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        Microsoft to spend $1.3 billion in Mexico on cloud, AI tech

        MEXICO CITY (Reuters) -Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. The fresh funds will go toward improving connectivity and boosting the adoption of AI technology by small and-medium sized businesses (SMBs), the…

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          Trump pledges to take jobs and factories from allies, China

          By Tim Reid and Gram Slattery WASHINGTON (Reuters) -Donald Trump said on Tuesday said he would seek to “take” manufacturing jobs from foreign countries, including U.S. allies, if he wins the Nov. 5 election, by offering incentives to encourage companies to relocate to the United States. Trump promised a “manufacturing renaissance” as the centerpiece of…

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