Small plane crash causes mass power outages near Washington

Small plane crash causes mass power outages near Washington

Nov 27 (Reuters) – A small plane crashed into high-voltage power lines about 30 miles north of Washington, D.C., on Sunday, causing mass outages, with rescue services working into the night to rescue two people on board the aircraft still entangled in the cables. The aircraft crashed about 5.30 p.m. (2230 GMT) in misty and … Read more

Berkshire Hathaway posts quarterly loss as stock holdings fall

Berkshire Hathaway posts quarterly loss as stock holdings fall

Nov 5 (Reuters) – Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett said it lost money on its stock investments and from insurance underwriting. The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 … Read more

Japan’s JERA to book $751 mln loss related to fire at Freeport LNG in FY22/23

Japan’s JERA to book 1 mln loss related to fire at Freeport LNG in FY22/23

TOKYO, Oct 28 (Reuters) – Japan’s biggest buyer of liquefied natural gas (LNG), JERA, said on Friday it plans to book a 110 billion yen ($751 million) loss related to a fire at U.S. Freeport LNG, mostly due to higher costs as it needed to buy alternative fuel from the spot market. Japan’s biggest power … Read more

Toshiba shares jump on report of possible $19 bln buyout

Toshiba shares jump on report of possible  bln buyout

TOKYO, Oct 13 (Reuters) – Shares in Toshiba Corp (6502.T) on Thursday surged on a report that a domestic investor-led group was looking at a $19 billion bid – a potential deal that would likely lead to foreign activist shareholders being bought out after years of tension. A consortium led by private equity firm Japan … Read more

Westinghouse to be sold in $7.9-bln deal as interest in nuclear power grows

Westinghouse to be sold in .9-bln deal as interest in nuclear power grows

Oct 11 (Reuters) – Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of … Read more

Bangladesh plunged into darkness by national grid failure

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

London’s Battersea Power Station reborn as office and shopping hub

London’s Battersea Power Station reborn as office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Markets open up after Bolsonaro’s strong showing in Brazil vote

Markets open up after Bolsonaro’s strong showing in Brazil vote

SAO PAULO, Oct 3 (Reuters) – Stronger-than-expected support for Brazil’s President Jair Bolsonaro in the first round of a presidential election was cheered by financial markets on Monday, as expected by bankers and analysts after Sunday first round, as the race went to an Oct. 30 runoff. Bolsonaro’s leftist challenger, former President Luiz Inacio Lula … Read more

Havana protests flare for second night as Cuba scrambles to turn on lights

Havana protests flare for second night as Cuba scrambles to turn on lights

HAVANA, Oct 1 (Reuters) – Crews restored power to more neighborhoods across Havana on Saturday after a second day of protests over ongoing blackouts in Cuba’s capital, including some of the largest demonstrations since widespread anti-government rallies in July 2021. At least one of the protests Friday night in the western seaside borough of Playa … Read more

Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

SOFIA, Oct 1 (Reuters) – Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end … Read more