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US urges Europe to stick to oil and gas, not renewables

By Edward McAllister and Lefteris Papadimas ATHENS (Reuters) -Global investments in renewable energy aren't bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more ...
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US airlines scramble to deal with first day of 4% flight cuts

By David Shepardson WASHINGTON (Reuters) -U.S. airlines on Friday scrambled to cut 4% of flights at 40 major airports after the government imposed an unprecedented cut to air travel citing air traffic control safety concerns because of a record-setting government shutdown. The cuts, which began at ...
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The Latest: Hundreds of flights canceled nationwide due to government shutdown

The Federal Aviation Administration 's unprecedented order to scale back flights nationwide because of the record-long government shutdown took effect Friday morning, with some passengers trying to figure out backup travel plans. Airlines scrambled to adjust their schedules and began canceling flights Thursday in anticipation ...
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Trump administration moves to loosen restrictions it once supported on a harmful pollutant

WASHINGTON (AP) - Near the end of his first term, President Donald Trump signed into law a bill that aimed to reduce harmful, planet-warming pollutants emitted by refrigerators and air conditioners. The bipartisan measure brought environmentalists and major business groups into rare alignment on ...
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Wall St reacts to Musk’s $1 trillion pay plan approval by Tesla investors

(Reuters) -Tesla CEO Elon Musk has won shareholder approval for the largest corporate pay package in history. At the EV maker's annual meeting at its factory in Austin, Texas, Musk bounded to the stage accompanied by dancing robots. The proposal was approved with more than ...
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Canada’s job market surprisingly expands, unemployment falls in October

By Promit Mukherjee OTTAWA (Reuters) -Canada's job market made a solid gain in October, reversing past declines and beating expectations, and its unemployment rate fell, data showed on Friday. The economy added a net of 66,600 jobs in October following 60,400 job gains in the prior ...
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China restores soybean licenses for U.S. firms, ends log ban

BEIJING (Reuters) -China will restore soybean import licences for three U.S. firms and lift its suspension on U.S. log imports starting November 10, its customs authority said on Friday in another sign of easing trade tensions between the two nations. The licence suspensions for farmer-owned ...
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Brevan Howard to invest $200 million in Catalio healthcare fund, say sources

By Nell Mackenzie LONDON (Reuters) -Brevan Howard has made a $200 million commitment to Catalio Capital Management's healthcare stock fund, two sources close to the matter said, in the latest example of one of the world's biggest hedge funds investing in other funds. A Goldman ...
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Gilead’s breast cancer drug fails to meet main goal of late-stage study

(Reuters) -Gilead Sciences said on Friday its breast cancer drug Trodelvy did not significantly lower the risk of disease progression in patients when used as a first-line treatment, failing to meet the main goal of a late-stage study. Gilead said an early trend for extending ...
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PNC broadens branch expansion plan to more than 300 by 2030

(Reuters) -U.S. lender PNC said on Friday it will be opening more than 300 new branches by 2030, adding about 100 locations to its earlier plan as it looks to expand its in-person banking footprint. Even as digital banking and online payments have lowered the ...
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Impact of US government shutdown far worse than expected, White House adviser says

WASHINGTON (Reuters) -The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday. Construction projects are starting to slow down and ...
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Wall Street futures fall at end of wobbly week

By Twesha Dikshit and Purvi Agarwal (Reuters) -U.S. stock futures inched lower on Friday, putting the main indexes on course for sharp weekly declines, as concerns about the economy and sky-high valuations in the technology sector soured sentiment. The three main U.S. indexes ended sharply lower ...
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