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Study links more frequent and severe heat waves to pollution from major fossil fuel producers

Fifty-five heat waves over the past quarter-century would not have happened without human-caused climate change, according to a study published Wednesday. Planet-warming emissions from 180 major cement, oil and gas producers contributed significantly to all of the heat events considered in the study, which ...
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Amazon developing consumer AR glasses to rival Meta, The Information reports

(Reuters) -Amazon.com is developing augmented reality (AR) glasses for consumers, the Information reported on Wednesday, citing two people with knowledge of the plans, a move that would put the company in competition with Facebook owner Meta. The glasses, internally codenamed “Jayhawk,” will include microphones, ...
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Bitcoin buyers plunge as investors’ crypto euphoria fades

By Tommy Reggiori Wilkes and Elizabeth Howcroft LONDON/PARIS (Reuters) -Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto euphoria that has gripped investors recedes. These companies sell shares or issue debt to raise cash for ...
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Morgan Stanley co-president sees dramatic improvement in deals outlook

By Tatiana Bautzer NEW YORK (Reuters) -Morgan Stanley co-president Dan Simkowitz said on Tuesday there is “dramatic improvement” on the deals outlook, not just compared with the months where tariff volatility froze discussions, but considering a longer period in the decade.  Simkowitz said at a banking ...
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Mediobanca GM says take-up in Monte dei Paschi bid to reach 80%, lead to merger

MILAN (Reuters) – The general manager of Mediobanca said the take-up in Monte dei Paschi di Siena’s bid for the merchant bank would reach 80%, making a merger of the two groups inevitable, as he sought to reassure staff on ...
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Cuba’s electrical grid collapses, national power company says

HAVANA (Reuters) -Communist Cuba’s national power grid collapsed for the fourth time in less than a year, the state run power company said Wednesday. (Reporting by Marc Frank; Editing by Lisa Shumaker) Brought to you by www.srnnews.com
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Valeo CEO backs minimum EU content in cars to aid region’s competitiveness

By Rachel More MUNICH (Reuters) -Introducing a minimum requirement for European content in cars sold in the EU is vital for keeping the region’s auto sector competitive, Christophe Perillat, chief executive of French car parts supplier Valeo, said on Wednesday. The European Commission is in talks ...
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Wholesale prices unexpectedly fall amid Trump’s tariffs

(NEW YORK) -- Wholesale prices unexpectedly dropped in August, clocking in lower than economists expected and defying concerns about a tariff-induced spike in costs suffered by suppliers.Producer prices fell 0.1% in August, rolling back some of a sharp increase in wholesale prices that took hold in ...
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Explosions heard in Lithuania’s capital after railcars loaded with liquefied gas catch fire

VILNIUS, Lithuania (AP) — Powerful explosions were heard in the suburbs of Lithuania’s capital Wednesday morning after several railcars loaded with liquefied gas caught fire, authorities said. One person was injured, according to the fire and rescue department. Columns of smoke were visible across ...
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Glenfarne, Gunvor sign 20-year LNG supply deal as project nears investment decision

(Reuters) – U.S. energy infrastructure company Glenfarne said on Wednesday its unit struck a 20-year deal to sell liquefied natural gas to trading firm Gunvor, moving its planned Brownsville export project in Texas closer to a final investment decision. The deal ...
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US producer prices slip in August on cheaper services

WASHINGTON (Reuters) -U.S. producer prices unexpectedly fell in August, pulled down by by a decline in the costs of services. The producer price index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department’s Bureau of Labor Statistics said ...
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Fed seen on course for rate cuts after PPI data

(Reuters) -The Federal Reserve is likely to start a series of interest-rate cuts this week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central ...
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