LONDON (Reuters) – As the need for climate action intensifies, governments and industries are exploring how to remove carbon dioxide (CO2) from the atmosphere. The U.S. government has offered $3.5 billion in grants to companies that will capture and permanently store the gas using a process known as Direct Air Capture (DAC). Here’s how the…
A look at the day ahead in U.S. and global markets from Mike Dolan With investors largely assuming recession ahead, an accelerating global economic pulse challenges the narrative and is seeing interest rates tick back higher again as the March banking wobble subsides. China’s economy grew at a faster-than-expected 4.5% pace in the first quarter,…
(Reuters) – Italy’s trade balance with the rest of the world swung to a surplus in February from a deficit a year earlier thanks mainly to the declining cost of energy imports, national statistics bureau ISTAT reported on Tuesday. Italy posted a trade surplus with the rest of the world of 2.108 billion euros ($2.31…
By Tim Hepher PARIS (Reuters) – Airbus has started notifying airlines about delivery delays in 2024 for its best-selling A320neo family of jets, with several hundred of the single-aisle planes set to be postponed by as much as three months, industry sources said on Tuesday. Airbus confirmed unspecified delays for 2024 in a statement to…
(Reuters) – A Moscow court was due to hear an appeal by U.S. reporter Evan Gershkovich on Tuesday against his arrest and detention on espionage charges. WHO IS GERSHKOVICH? Hired by the Wall Street Journal shortly before Moscow’s invasion of Ukraine last year, Gershkovich had been reporting on Russia for more than five years at…
(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said in a preliminary release of main indicators on Tuesday. This indicator, which represents the average margin on variable costs realized by the group’s European refining business, compares with 46.3 dollars…
MOSCOW (Reuters) – Russian Central Bank Governor Elvira Nabiullina said on Tuesday Russia is building its international reserves with assets that cannot be targeted by Western sanctions, the TASS news agency reported. Western countries froze around $300 billion – or half – of Russia’s international reserves after Moscow sent tens of thousands of troops into…
STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck. The Swedish companies said the lithium-ion cell in tests had demonstrated a lifetime capacity to power trucks for 1.5 million kilometres (930,000 miles) – the same as a Scania…
A look at the day ahead in European and global markets from Kevin Buckland China’s post-Covid recovery is firmly on track, according to a barrage of data on Tuesday. The economy expanded 4.5% in the first quarter year-on-year, accelerating from the previous 2.9% reading and handily outstripping forecasts for 4% growth. Retail sales surged more…
SHANGHAI (Reuters) – Germany’s Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle (EV) models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals. “As VW, we remain firmly committed to China … Our guiding principle is development in China, for…