(This June 22 story has been corrected to say makers pledged more than $11 billion, not $14 billion, in paragraph 3) By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery…
(Reuters) – The U.S. Supreme Court has issued a number of important rulings during its current term that began last October and is expected to decide its remaining cases by the end of June including disputes involving race-conscious college admissions practices, President Joe Biden’s student debt forgiveness plan and LGBT rights. Here is a look…
WASHINGTON (Reuters) – The United States slapped sanctions on Friday on two Russian intelligence officers who attempted to interfere in a local American election as part of Moscow’s “global malign influence operations,” the Treasury Department said. The two officers, Yegor Sergeyevich Popov and Aleksei Borisovich Sukhodolov, both members of Russia’s Federal Security Service, have worked…
By Leah Douglas WASHINGTON (Reuters) – The Biden administration will spend $2.3 billion on food purchases for schools and food banks as the end of pandemic-era aid leads to rising food insecurity, the Department of Agriculture said on Friday. Supplemental food aid for low-income families and schools tied to the COVID-19 pandemic has mostly expired….
By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as cruising. While Americans have cut back on purchasing big-ticket non-essential goods due to soaring costs, protracted confinement to their homes during the pandemic has whet their…
By David Shepardson WASHINGTON (Reuters) -Critical U.S. air traffic control (ATC) facilities face staffing challenges and the Federal Aviation Administration “lacks a plan to address them,” a government audit released on Friday found. The Transportation Department Office of Inspector General said the staffing issues pose risks to the continuity of air traffic operations. U.S. airlines…
By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden’s national security adviser, Jake Sullivan, is traveling to Denmark this weekend to participate in a meeting about Ukraine which may include some countries that have refused to condemn the invasion. The talks in Copenhagen are being organized by Ukraine “to discuss basic principles of peace,” a…
By Rollo Ross and Daniel Trotta (Reuters) – Movie director and submersible maker James Cameron said on Thursday he wishes he had sounded the alarm earlier about the submersible Titan that imploded on an expedition to the Titanic wreckage, saying he had found the hull design risky. All five aboard the vessel were killed. Cameron…
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) -PricewaterhouseCoopers Australia is looking to sell its government, education and healthcare practice to private equity firm Allegro Funds, according to a person familiar with the matter, as the firm battles the fall out from a major scandal. The scandal, which first broke in January, centres around a…
(Reuters) – The five people aboard a submersible visiting the wreck of the Titanic died after a catastrophic loss of the pressure chamber, U.S. Coast Guard officials said on Thursday. A “debris field” matching the submersible was discovered by a robotic deep-sea vessel. Here is a timeline of events since the start of the trip,…
