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Friday, May 17
by
SRN News
US lukewarm on G7 Russian diamond ban after industry backlash
By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON (Reuters) – The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem polishers and New York ...
Friday, May 17
by
SRN News
German defence industry says it will need government help to reduce dependence on China
By Sabine Siebold BERLIN (Reuters) – German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S. companies, Germany’s defence industry association said. Hans Christoph Atzpodien, ...
Wednesday, May 15
by
SRN News
Morocco’s automotive industry shifts gears to prep for electric vehicle era
TANGIERS, Morocco (AP) — A train that travels from rural northern Morocco to a port on the Mediterranean Sea carries no passengers. Three times a day, it brings hundreds of cars stacked bumper to bumper from a Renault factory outside Tangiers to vessels that ...
Tuesday, May 14
by
SRN News
New industry readies for launch as researchers hone offshore wind turbines that float
ORONO, Maine (AP) — As waves grew and gusts increased, a wind turbine bobbed gently, its blades spinning with a gentle woosh. The tempest reached a crescendo with little drama other than splashing water. The uneventful outcome is exactly what engineers aimed for. The demonstration featuring ...
Monday, May 13
by
SRN News
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made ...
Thursday, May 9
by
SRN News
BHP-Anglo American deal raises alarm in Japan’s steel industry
By Melanie Burton and Yuka Obayashi MELBOURNE/TOKYO (Reuters) -Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American. Australia is the world’s biggest exporter ...
Thursday, May 9
by
SRN News
Cuba may import sugar, rum industry pressed amid disastrous harvest
By Marc Frank HAVANA (Reuters) – The Cuban sugar harvest is winding down at the lowest tonnage since 1900, forcing the government to import and putting more pressure on its domestic rum, soft drink and pharmaceutical industries, according to official reports, ...
Wednesday, May 8
by
SRN News
The $230 billion donor-advised fund industry gets an IRS hearing
WASHINGTON (AP) — Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. Driving the debates are questions about whether the ...
Wednesday, May 8
by
SRN News
Slow to expand, internet casino gambling is the future of US betting, industry execs say
SECAUCUS, N.J. (AP) — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos. Speaking Wednesday at the SBC Summit North America, a major gambling ...
Wednesday, May 8
by
SRN News
Raiffeisen drops bid for industry stake linked to Russian tycoon
By Alexandra Schwarz-Goerlich and John O’Donnell (Reuters) -Austria’s Raiffeisen Bank International (RBI) has abandoned a bid to buy a 1.5 billion euro ($1.6 billion) industrial stake linked to a Russian tycoon, following pressure from Washington to scrap the deal. The collapse of the deal represents a ...
Wednesday, May 8
by
SRN News
Russia says it advances in Ukraine, has struck energy and military industry
MOSCOW (Reuters) – Russia said on Wednesday that its forces had advanced in eastern Ukraine, taking villages in two regions, and that it had struck Ukraine’s energy and military infrastructure in response to attacks on Russian refineries. Russian missiles and drones ...
Wednesday, May 8
by
SRN News
Austria’s Raiffeisen drops bid to buy Russian tycoon industry stake
By Alexandra Schwarz-Goerlich and John O’Donnell (Reuters) -Austrian lender Raiffeisen Bank has abandoned a bid to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian tycoon, following pressure from Washington to scrap the deal. “In recent exchanges with the relevant authorities, RBI has ...
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