U.S. deep freeze forecast to break Christmas Eve records

U.S. deep freeze forecast to break Christmas Eve records

Dec 24 (Reuters) – An arctic blast gripped much of the United States on Saturday driving power outages, flight cancellations and car wrecks, as plummeting temperatures were predicted to bring the coldest Christmas Eve on record to several cities from Pennsylvania to Georgia. Temperatures are forecast to top out on Saturday at just 7 degrees … Read more

Russia drones smash power network in Odesa

Russia drones smash power network in Odesa

Dec 10 (Reuters) – All non-critical infrastructure in the Ukrainian port of Odesa was without power after Russia used Iranian-made drones to hit two energy facilities, officials said on Saturday, adding it could take months to repair the damage. President Volodymyr Zelenskiy said more than 1.5 million people in the southern port city and surrounding … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.3 billion ($1.7 billion) spending, including to boost Canada’s military presence and cyber security in the … 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

Canada orders three Chinese firms to exit critical minerals deals

Canada orders three Chinese firms to exit critical minerals deals

OTTAWA, Nov 2 (Reuters) – Canada’s government ordered three Chinese firms on Wednesday to divest their investments in Canadian critical minerals companies on grounds of national security. The three firms ordered to divest their investments are Sinomine (Hong Kong) Rare Metals Resources Co Ltd, Chengze Lithium International Ltd, also based in Hong Kong, and Zangge … Read more

Glencore employees moved bribes cash by private jet, London court told

Glencore employees moved bribes cash by private jet, London court told

LONDON, Nov 2 (Reuters) – Employees and agents of a British subsidiary of mining and trading group Glencore (GLEN.L) used private jets to transfer cash to pay bribes to oil officials in West Africa, prosecutors told a London court on Wednesday. Glencore Energy UK Limited paid – or failed to prevent the payment of – … Read more

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

Biden awards $2.8 billion to boost U.S. minerals output for EV batteries

WASHINGTON, Oct 19 (Reuters) – The Biden administration said on Wednesday it is awarding $2.8 billion in grants to boost U.S. production of electric vehicle batteries and the minerals used to build them, part of a bid to wean the country off supplies from China. Albemarle Corp (ALB.N) is among the 20 manufacturing and processing … Read more

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

Westinghouse to be sold in $7.9-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

Ethiopia peace talks delayed for logistical reasons

Ethiopia peace talks delayed for logistical reasons

NAIROBI, Oct 7 (Reuters) – African Union-led peace talks proposed for this weekend to try to end a two-year-old conflict in northern Ethiopia’s Tigray region have been delayed for logistical reasons, Tigray forces and two diplomatic sources said on Friday. Ethiopia’s government and Tigray forces said on Wednesday that they accepted the AU’s invitation to … Read more

Ethiopia, Tigrayan forces accept African Union-led peace talks

Ethiopia, Tigrayan forces accept African Union-led peace talks

Peace talks due in South Africa this weekend Conflict has raged since 2020, uprooting millions NAIROBI, Oct 5 (Reuters) – Ethiopia’s government and rival Tigrayan forces said on Wednesday they have accepted an invitation by the African Union to participate in peace talks aimed at ending a two-year conflict. The talks, slated for this weekend … Read more