(Reuters) – A raging industrial fire in eastern Indiana is expected to be almost entirely extinguished by Thursday evening or Friday morning, officials said, after days of thick smoke shut down schools and forced hundreds of residents to evacuate. The blaze at a plastics recycling facility in Richmond, Indiana, a city of 35,000 about 70…
By David Lawder WASHINGTON (Reuters) – France’s development minister said on Thursday she will tell the World Bank’s expected next president, Ajay Banga, to maintain the bank’s anti-poverty mission while forging ahead with next steps by October in its evolution to fight climate change and other global crises. Chrysoula Zacharopoulou told Reuters in an interview…
By Andrew Hay (Reuters) – More than 18,000 cows died after an explosion and fire at a family dairy farm in west Texas, marking the deadliest such barn blaze on record in the United States. Firefighters rescued one employee from the South Fork Dairy near Dimmitt on Monday as flames raced through a building and…
By Erwin Seba HOUSTON (Reuters) -A slightly below-average 2023 Atlantic hurricane season lies ahead with an El Nino weather phenomenon damping the storm outlook, a top U.S. hurricane forecaster said on Thursday. El Nino, a weather system that forms from warm ocean surface temperatures in the central and eastern Pacific, increases vertical wind shear, lessening…
By Ashitha Shivaprasad (Reuters) -A U.S. weather forecaster on Thursday predicted a 62% chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore,…
BERLIN (Reuters) – Volkswagen called on Thursday for the implementation of new EU emissions standards to be pushed to at least autumn of 2026, slightly over a year later than planned, with the aim of all new cars meeting the standards by autumn 2027. The carmaker could meet this timeline provided the law comes into…
By Brendan O’Brien (Reuters) – Torrential downpours inundated Southeast Florida on Thursday, bringing total rainfall in the Fort Lauderdale region to more than two feet in recent days, with widespread flooding that blocked roads, closed schools and shut down an airport. Preliminary reports showed that about 25 inches (64 cm) of rain had fallen in…
By Simon Jessop LONDON (Reuters) -Britain’s biggest asset manager, Legal & General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of eight leading U.S. and Canadian banks. LGIM, insurer Legal & General’s fund arm, which manages around $1.5 trillion, said it was going public…
By Ross Kerber (Reuters) – Shareholder resolutions filed by New York City’s top pension official will ask top Wall Street banks including JPMorgan Chase & Co and Bank of America to set stricter 2030 greenhouse gas emissions reduction targets for portfolio companies. If the advisory proposals come to a vote at bank shareholder meetings this…
By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had an underweight position, the most since October 2005, a BofA survey of global investor views on Tuesday showed. Global growth optimism hit a one-year high, while inflation expectations have peaked, according to the global Fund…