(Reuters) – U.S. solar energy installations soared 47% in the first quarter, according to an industry report published on Thursday, as easing panel supplies alleviated industry gridlock and allowed many stalled big projects to be completed and connected to the grid. The solar industry had its best first quarter ever, installing 6.1 gigawatts (GW), an…
LONDON (Reuters) – Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting…
WASHINGTON (Reuters) – U.S. wholesale inventories fell a bit less in April than initially estimated, which could provide a lift to economic growth in the second quarter. The Commerce Department said on Thursday that wholesale inventories slipped 0.1% instead of falling 0.2% as previously reported last month. Stocks at wholesalers dropped 0.2% in March. Economists…
MADRID (Reuters) -U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters. A spokesperson for Valencia’s regional government told Reuters it had held meetings and conversations with an unidentified company about a…
By Philip Blenkinsop BRUSSELS (Reuters) -The euro zone economy fell into a technical recession in the first three months of 2023, data from statistics agency Eurostat showed on Thursday as signs emerge that central bank rate hikes will crimp the region’s future growth prospects. Gross domestic product (GDP) for the 20-country euro zone fell by…
By Jonathan Stempel NEW YORK (Reuters) – The former JPMorgan Chase & Co executive accused of shepherding the bank’s relationship with Jeffrey Epstein formally denied involvement in the disgraced financier’s sex trafficking, and blamed JPMorgan for keeping him as a client. In Wednesday night filings in Manhattan federal court, Jes Staley said his dealings with…
MEXICO CITY (Reuters) – Mexico’s annual inflation rate slowed in May for a fourth consecutive month to 5.84%, data from statistics agency INEGI showed on Thursday, beating forecasts and continuing a downward trend spurred by a long cycle of rate hikes. Headline inflation came in below a forecast of 5.90% and is now at its…
WASHINGTON (Reuters) – The U.S. Department of Justice should investigate whether cryptocurrency exchange Binance made false statements to Congress in a written response to lawmakers this year, two Democratic U.S. senators said in a letter released on Thursday. “This is a serious matter,” Senator Elizabeth Warren and Chris Van Hollen wrote in a letter to…
By Belén Carreño, Anthony Boadle and Michel Rose MADRID/BRASILIA/PARIS (Reuters) – Spain will appeal to President Emmanuel Macron’s ambition to make the European Union a “third pole” in world affairs in its bid to secure vital French backing for a stalled EU trade deal with South America, according to three senior government and diplomatic sources….
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) -India’s central bank kept its key lending rate steady for a second straight policy meeting on Thursday, as widely expected, but signalled that monetary conditions will remain tight for some time as it looks to further curb inflationary pressures. Despite hitting an 18-month low of 4.70% in…
