(Reuters) – Texas’ power grid operator projected electricity use would break records again this week as homes and business crank up their air conditioners to cope with another brutal summer heatwave. The Electric Reliability Council of Texas (ERCOT), which operates the grid for more than 26 million customers representing about 90% of the state’s power…
By Daniel Leussink TOKYO (Reuters) – Toyota Motor will focus on selling hydrogen-powered trucks and cars in Europe and China, as part of a push to sell 200,000 of these vehicles by 2030, executives said on Tuesday. The decision marks a shift in focus for the Japanese automaker, a major backer of hydrogen fuel-cell vehicles…
By Stephen Nellis SAN FRANCISCO (Reuters) – Applied Materials on Tuesday released its first major update to some of its core semiconductor manufacturing equipment in more than decade, aiming to boost the number of chips factories can make while using less energy. The new system, called Vistara, is a central hub inside chip factories that…
SEOUL (Reuters) – North Korea on Tuesday condemned U.S. President Joe Biden’s decision to send cluster munitions to Ukraine as a “criminal act” and demanded an immediate withdrawal of the plan. The fact that Biden had admitted it was a difficult decision showed he was aware of the disastrous consequences of the use of cluster…
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers made from the metal, according to the world’s largest gallium buyer. Freiberger Compound Materials relies almost entirely on Chinese suppliers for its gallium needs to make wafers that go into mobile phone radio signal amplifiers…
A look at the day ahead in U.S. and global markets from Mike Dolan A volte face in Treasury yields has improved investors’ mood considerably this week as excitement about U.S. disinflation builds despite conflicting signals from around the world. After bumpy start to the third quarter, stocks and bonds rallied together on Monday –…
(Reuters) – As rebellious Wagner forces drove north toward Moscow on June 24, a contingent of military vehicles diverted east on a highway in the direction of a fortified Russian army base that holds nuclear weapons, according to videos posted online and interviews with local residents. Once the Wagner fighters reach more rural regions, the…
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers on Tuesday to urge the Defense Department to thoroughly review defense contractor L3Harris Technologies’ $4.7 billion deal for Aerojet Rocketdyne Holdings. The Defense Department is influential with the antitrust agencies on decisions about approving deals that touch on…
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – ASEAN chair Indonesia on Tuesday stressed the importance of the regional bloc’s unity in remaining credible, as its foreign ministers started talks expected to touch on the thorny issue of engaging Myanmar’s ostracised ruling generals. The meeting of the Association of Southeast Asian Nations in Jakarta…
By Jamie McGeever ORLANDO, Florida (Reuters) -The longer the heavily touted U.S. recession fails to materialize, the more doubt is cast over the relevance and usefulness of leading economic indicators that have accurately predicted every downturn for decades. The economy grew much faster than expected in the first quarter of the year, unemployment is ultra-low,…
