By Tim Reid WASHINGTON (Reuters) – U.S. President Donald Trump is expected to boast about his sweeping cuts to the federal bureaucracy during an address to a joint session of Congress on Tuesday night, with praise for tech billionaire Elon Musk’s so-called Department of Government Efficiency (DOGE). Trump has given Musk and his DOGE team…
By Joey Roulette WASHINGTON (Reuters) – SpaceX is planning to invest at least $1.8 billion to build new Starship launchpads and processing facilities on Florida’s Space Coast, eyeing a key expansion for the rocket program beyond Texas amid pending environmental reviews, according to the state’s governor. Elon Musk’s SpaceX has been looking to build new…
By Amanda Stephenson CALGARY (Reuters) – Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbour, the CEO of Canadian pipeline company Enbridge Inc. said Tuesday. Greg Ebel said the energy systems of the two countries are too integrated…
(Reuters) – Baker Hughes on Monday announced a partnership with Frontier Infrastructure to accelerate the development of the latter’s large-scale carbon capture and storage (CCS) and power solutions in the United States. The oilfield services provider added it would provide technology solutions to support carbon capture projects along with power generation and data centers. CONTEXT…
By Patrick Wingrove and Dan Levine (Reuters) -The U.S. Department of Health and Human Services told employees on Monday that they were required to respond to an email from the Trump administration demanding they summarize their work over the past week, reversing its earlier position. The administration sent out a second round of emails on…
LONDON (Reuters) -OPEC+ has decided to proceed with a planned April oil output increase, three sources from the producer group told Reuters on Monday. OPEC+, which includes OPEC members plus Russia and other allies, has been cutting output by 5.85 million barrels per day (bpd), equal to about 5.7% of global supply, agreed in a…
WASHINGTON (Reuters) – Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles (800 km) as the defense contractor works to tap a U.S. need to deter Chinese ambitions in the Pacific. Russia’s invasion of Ukraine has pushed U.S. and…
(Reuters) – Synopsys is looking to sell about $10 billion of bonds as soon as next week to help finance its acquisition of software maker Ansys, Bloomberg News reported on Friday, citing people with knowledge of the matter. The company asked Bank of America, HSBC Holdings and JPMorgan Chase to organise a series of fixed-income…
(Reuters) -Spirit AeroSystems reported a $577 million fourth-quarter operating loss on Friday, swinging from $215 million in operating income a year earlier, which was helped by a funding agreement with key customer Boeing. The major supplier to the U.S. planemaker reported $2.1 billion in net losses for 2024, and it “will need to obtain additional…
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) -U.S. Army Lieutenant General Telita Crosland, the head of the military’s health agency and one of the most senior Black female officers in the Army, was forced to retire on Friday, two sources told Reuters. The move comes just a week after President Donald Trump fired the…
