G20 bloc fails to reach agreement on cutting fossil fuels

By Sudarshan Varadhan and Nidhi Verma BAMBOLIM, India (Reuters) -The Group of 20 (G20) major economies meeting in India failed on Saturday to reach consensus on phasing down fossil fuels following objections by some producer nations. Scientists and campaigners are exasperated by international bodies’ foot-dragging on action to curb global warming even as extreme weather…

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Chevron’s $6 billion second-quarter profit tops analysts’ outlook

By Sabrina Valle HOUSTON (Reuters) – Chevron Corp’s second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the…

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Nidec’s acquisitive CEO hails new Japan rules aimed at making takeovers easier

By Makiko Yamazaki TOKYO (Reuters) – New Japanese guidelines to promote more mergers and acquisitions and remove a long-held stigma around unsolicited bids will be a boon for the world’s top maker of electric motors, Nidec, its chief executive said. Shigenobu Nagamori, the bluntly spoken founder who built Nidec into a global powerhouse by scores…

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Russia launches criminal probe into death of journalist in Ukraine

(Reuters) – Russia’s Investigative Committee said on Sunday it had launched a criminal probe into the killing of a Russian war reporter, an incident the country’s defence ministry previously blamed on Ukraine’s use of cluster munitions. The committee said on its website that “armed Ukrainian formations targeted and deliberately fired at a group of Russian…

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NATO-Ukraine Council meets Wednesday, Zelenskiy says

(Reuters) – A previously-announced meeting of a new NATO-Ukraine Council, expected to address Black Sea security, has been scheduled for Wednesday, President Volodymyr Zelenskiy said in his nightly video address on Sunday. NATO spokesperson Oanu Lungescu said on Saturday that the meeting, requested by Zelenskiy in a telephone conversation with NATO Secretary-General Jens Stoltenberg, would…

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