Biden says not yet ready to invoke 14th Amendment to avoid debt default

Reuters | May 8, 2023

WASHINGTON (Reuters) – President Joe Biden said on Friday he was not yet ready to invoke the 14th Amendment to avoid the United States defaulting on its debts as early as June 1, comments which for the first time suggested he has not ruled out the option. “I’ve not gotten there yet,” Biden said in […]

Explainer-What is direct air capture and how can it fight climate change?

Reuters | April 18, 2023

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 […]

US House Speaker McCarthy pitches budget cuts for debt limit vote

Reuters | April 17, 2023

By Richard Cowan and Katharine Jackson WASHINGTON (Reuters) -U.S. House of Representatives Speaker Kevin McCarthy on Monday outlined spending cuts he said his fellow Republicans would demand in exchange for voting to raise the federal government’s $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. His proposals included cutting spending to last year’s levels, capping […]

Ukraine’s reserves grow to 11-year high on foreign aid – central bank

Reuters | April 6, 2023

KYIV (Reuters) – Ukraine’s international reserves grew to an 11-year high of $31.9 billion at the start of April thanks to foreign aid, lower demand for hard currency and moderately-sized payments on government debt, the central bank said on Thursday. Ukraine faces an unprecedented budget deficit this year due to high military spending to fight […]

TikTok CEO says company at ‘pivotal moment’ as some U.S. lawmakers seek ban

Reuters | March 22, 2023

By David Shepardson WASHINGTON (Reuters) -Chinese-owned short video app TikTok faces a “pivotal moment” as a growing number of U.S. lawmakers seek to ban the popular app over national security concerns, CEO Shou Zi Chew said. Chew said in a video posted on TikTok early on Tuesday that the app now has more than 150 […]

Green groups sue Biden admin over approval of Alaska Willow oil project

Reuters | March 15, 2023

By Timothy Gardner WASHINGTON (Reuters) – Six environmental groups filed a lawsuit on Tuesday over the Biden administration’s approval of ConocoPhillips’ Willow oil and gas project in Alaska, which they claimed could be a stepping stone to more development in an ecologically sensitive region. Trustees for Alaska, the Alaska Wilderness League, the Sierra Club, The […]

China says U.S. balloons flew over Xinjiang, Tibet, warns of countermeasures

Reuters | February 15, 2023

By Liz Lee BEIJING (Reuters) – Diplomatic friction festered between the United States and China on Wednesday as Beijing charged that U.S. high altitude balloons flew over its Xinjiang and Tibet regions and said it would take measures against U.S. entities that undermine Chinese sovereignty. Washington and Beijing are locked in a tussle over flying […]

Davos 2023: Europe must seize catch-up chance – EU’s Gentiloni

Reuters | January 18, 2023

DAVOS, Switzerland (Reuters) – An improved economic outlook gives Europe the chance to double-down on efforts to boost its industrial competitiveness in key sectors from clean energy to semiconductors, EU Economy Commissioner Paolo Gentiloni said on Wednesday. Speaking on the sidelines of the World Economic Forum in Davos, Gentiloni said the bloc could avoid an […]

Germany’s energy crisis powers hydrogen switch

Reuters | December 29, 2022

By Louisa Off and Riham Alkousaa KELHEIM, Germany (Reuters) – From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a result, the Bavarian-based firm, whose fibres are used in anything from teabags to tampons, will […]

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

Reuters | December 21, 2022

By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country’s mobile networks over the long-term, setting off a deterioration in communication for everyday Russians. Five senior telecoms executives and other industry sources said Russian mobile […]

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