EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard -letter

By Abhirup Roy SAN FRANCISCO (Reuters) -A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter. Reuters reported last week that Texas would…

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Kentucky mandates Tesla’s charging plug for state-backed charging stations

By Hyunjoo Jin San Francisco (Reuters) -Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters. Kentucky’s plan went into effect on Friday, making it the first state to mandate Tesla’s charging…

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‘Slippery’ actor Kevin Spacey tried to groom me, man tells UK court

By Michael Holden LONDON (Reuters) -An alleged sex assault victim of Kevin Spacey said the “slippery” Hollywood actor had tried to “groom” him, and the repeated groping assaults had left him feeling physically sick, a London court heard on Monday. Spacey, 63, is on trial at Southwark Crown Court accused of a dozen allegations of…

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Billionaire Ambani’s Reliance Jio renews rural India push with $12 4G phone

(Reuters) -Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest attempt by billionaire Mukesh Ambani’s telecom arm to grab market share in India’s massive and under-penetrated hinterlands. Jio, which famously disrupted the Indian telecom sector in the last decade by introducing cut-price tariffs, will roll…

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Spread between 2- and 10-year Treasuries at deepest inversion since ’81

By David Randall (Reuters) – A widely watched section of the U.S. Treasury yield curve hit its deepest inversion on Monday since the high inflation era of Fed Chairman Paul Volcker, reflecting financial markets’ concerns that an extended Federal Reserve rate hiking cycle will tip the United States into recession. The closely-watched spread between the…

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U.S. property catastrophe reinsurance rates rise up to 50% on July 1-report

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…

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World hits record land, sea temperatures as climate change fuels 2023 extremes

(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…

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UK economy shrank slightly less than thought in 2020: ONS

By David Milliken LONDON (Reuters) – Britain’s economy shrank fractionally less than previously estimated in 2020 when the COVID-19 pandemic prompted the government to require many businesses to stop face-to-face operations, revised data suggested on Monday. The Office for National Statistics said it now estimated that Britain’s economy shrank by 10.9% rather than 11.0% in…

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Ready, try to stay steady, go! Men in high heels race at Madrid Pride

MADRID (Reuters) – Dozens of people sporting high heels, most of them men, raced down a cobbled street in the centre of the Spanish capital on Thursday as part of Madrid Pride, one of the world’s largest LGBT celebrations. It was the 24th edition of the annual race in Chueca, a gay-friendly neighbourhood, which draws…

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