News
- WorldReuters
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
The U.S. Treasury Department's top sanctions official will travel to Singapore and Malaysia next week, a source familiar with the matter told Reuters, as Washington seeks to combat funding for Iran and its proxy groups as well as evasion of its sanctions on Russia. The source, speaking on condition of anonymity, said there has been an uptick in money moving to Iran and its proxies, including Hamas, through the Malaysian financial system. During the visit, first reported by Reuters, Treasury's
2 min read - ScienceReuters
Boeing sending first astronaut crew to space after years of delay
Boeing is poised to send the first Starliner space capsule with a crew of humans into orbit next week, giving it a long-delayed chance to score a badly needed win as it struggles to compete with Elon Musk's SpaceX. The CST-100 Starliner test mission, a years-delayed milestone after more than $1 billion in cost overruns, will ferry two NASA astronauts to the International Space Station (ISS) in a final demonstration before the spacecraft can be approved to fly routine space trips under the space
3 min read - BusinessReuters
At Berkshire Hathaway meeting, Warren Buffett to field questions on growth, dividend and succession
Warren Buffett will command center stage at Berkshire Hathaway's annual meeting on Saturday, but someone who won't be there -- his influential sidekick Charlie Munger -- will loom large. The meeting is Buffett's 60th since he took over Berkshire in 1965 and the first since the death of his longtime friend, business partner and foil Munger at age 99 in November. Buffett, 93, whose legendary investment acumen inspired the nickname Oracle of Omaha, has largely stopped appearing publicly to discus
4 min read - BusinessReuters
US stands to lose Canadian natural gas when LNG Canada terminal starts up
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
4 min read - BusinessReuters
Morning bid: Jobs test Fed relief, Apple buyback bump
The strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster share buyback has buoyed the market in advance. The world's second biggest company by market capitalisation wowed the gallery overnight with a whopping $110 billion stock buyback program - the biggest in the iPhone maker's history - and upped its dividend by 4% after a modest first quarter earnings beat.
4 min read - BusinessMoneywise
‘That is deranged’: Yellen ignites internet backlash after saying Americans ‘generally are better off’
Have we won the war against inflation?
4 min read - USPower Technology
US court lifts block on $655m Cardinal-Hickory Creek transmission line
An injunction had blocked work on a crucial segment of the high voltage line which could connect 160 clean energy projects.
2 min read
