By Laila Kearney and Sumit Saha (Reuters) -Pennsylvania electric and gas utility PPL and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements, the companies said on Tuesday. “We’re excited to leverage the powerful expertise that PPL and Blackstone Infrastructure possess to…
By Leah Douglas WASHINGTON (Reuters) -The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald Trump’s effort to shrink the size and cost of the…
(Reuters) -U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK agreed in a phone call on Monday to set the end of August as the de facto deadline for reaching a nuclear deal with Iran, Axios reported, citing three sources. If no deal is reached by that deadline,…
By Howard Schneider WASHINGTON (Reuters) -The minutes from the Federal Reserve’s June 17-18 policy meeting are expected on Wednesday to show a divided central bank wrestling with the expected economic impact of rising U.S. import taxes and reluctant to commit to interest rate cuts until it is clearer how much the Trump administration’s tariff increases…
WASHINGTON (Reuters) -President Donald Trump meets with leaders from five African nations on Wednesday as the U.S. leader ramps up a trade war that threatens developing nations that depend on trade with the world’s largest economy. Trump is hosting leaders from Gabon, Guinea-Bissau, Liberia, Mauritania and Senegal for a discussion and lunch at the White…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google said it failed this week to resolve disagreements with hotels, airlines and specialised search services such as Skyscanner over how it presents search results, putting it at risk of a hefty European Union antitrust fine. At a July 7-8 workshop organised by the European Commission, the U.S….
By Pratima Desai LONDON (Reuters) -U.S. President Donald Trump’s 50% tariff on copper has placed a record premium on prices of the metal in the United States that is likely to ease over the coming months as a stockpile created by traders anticipating the levy works through the system. The tariffs, which Commerce Secretary Howard…
(Reuters) -Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk’s plans to launch a new U.S. political party heightened concerns about his commitment to the company’s future. The company’s shares slumped 7.5% in early trading after Musk’s political move, which…
(Reuters) -Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its presence outside the United States. Trump Media said users can now access streaming channels…
By Matt Tracy and Shankar Ramakrishnan (Reuters) -When President Donald Trump’s 90-day pause on U.S. tariffs ends Wednesday, once-bitten-twice-shy bond investors could take on more risk by adding high-yield bonds to portfolios, rather than panic-sell credit as seen after April 2’s ‘Liberation Day’ tariff announcement, said many fund managers and bankers. Credit market shops as…
