(Reuters) – Fireworks being prepared for a Fourth of July spectacular ignited in a Texas warehouse on Tuesday, killing one person and injuring four and destroying the building where they were stored, officials said. The accident happened near the town of Gilmer in preparation for Independence Day fireworks in nearby Kilgore, both in rural Upshur…
TOKYO (Reuters) -Japan is set to begin pumping out more than a million tonnes of treated water from the destroyed Fukushima Daiichi nuclear power plant this summer, a process that will take decades to complete. The water was distilled after being contaminated from contact with fuel rods at the reactor, destroyed in a 2011 earthquake….
By Krishn Kaushik and YP Rajesh NEW DELHI (Reuters) -Leaders of the Shanghai Cooperation Organisation (SCO) on Tuesday sought to forge closer ties and boost cooperation within the expanding Eurasian bloc but stressed the group is not directed against any other states. A joint declaration by the leaders at the end of an online summit…
By Joanna Plucinska and Tim Hepher FILTON, England (Reuters) – Airbus is stepping up testing of radical new wing technology as the planemaker lays the foundation for a future successor to its best-selling A320 series, but faces a battle to bring down costs. British Industry Minister Nusrat Ghani inaugurated a wing technology plant in southwest…
By Sakura Murakami and John Geddie TOKYO (Reuters) -Japan won approval from the U.N.’s nuclear watchdog on Tuesday for its plan to release treated radioactive water from the tsunami-wrecked Fukushima plant into the ocean, despite fierce resistance from Beijing and some local residents. After a two-year review, the International Atomic Energy Agency (IAEA) said Japan’s…
(Reuters) -Australian general insurer Suncorp on Tuesday forecast a 12% jump in costs associated with catastrophe reinsurance premiums and natural hazards in fiscal 2024 on the back of adverse weather events through the La Niña cycle in recent years. It now sees the natural hazard allowance for fiscal 2024 to increase to A$1.36 billion ($907.4…
By Valerie Volcovici (Reuters) – The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under…
LONDON (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes. Reinsurers insure insurance companies, and have been raising rates in recent years…
(Updates June 30 story with new headline) By David Stanway SINGAPORE (Reuters) -The target of keeping long-term global warming within 1.5 degrees Celsius (2.7 Fahrenheit) is moving out of reach, climate experts say, with nations failing to set more ambitious goals despite months of record-breaking heat on land and sea. As envoys gathered in Bonn…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials on a broad range of issues, including U.S. concerns about a new Chinese counterespionage law, a senior Treasury official said on Sunday. Yellen’s long-anticipated trip is part of a push by…
