German government, aviation sector agree on ‘green’ aviation fuel plan

© Reuters. FILE PHOTO: A general view of planes at the new Berlin-Brandenburg Airport ‘Willy Brandt’ in Schoenefeld near Berlin, Germany October 29, 2020. REUTERS/Hannibal Hanschke BERLIN (Reuters) – German Chancellor Angela Merkel’s government has agreed with the aviation industry and regional authorities on a roadmap for the development and use of “green” aviation fuel, […]

Continue Reading

Biden will push through infrastructure plan if no Republican support -energy secretary says

2/2 © Reuters. Daily press briefing at the White House in Washington 2/2 By Katanga Johnson and Doina Chiacu WASHINGTON (Reuters) -U.S. President Joe Biden would be willing to push through his $ 2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said […]

Continue Reading

Hertz selects Chapter 11 exit plan backed by Centerbridge, Warburg, Dundon

© Reuters. The desk of car rental company Hertz is seen at Nice International airport (Reuters) – Hertz Global Holdings (OTC:) Inc said on Saturday it has selected an enhanced proposal from Centerbridge Partners, Warburg Pincus, and Dundon Capital Partners to provide the equity capital required to fund the car rental company’s exit from Chapter […]

Continue Reading

Oil up Over 2% as Market Buys Into OPEC Output Hike Plan 

© Reuters. By Barani Krishnan Investing.com — Crude prices swung from green to red and back on Thursday before settling up more than 2% as traders bought into OPEC+’s assurances that the global oil producing alliance could manage with higher output from May, despite questionable demand. London-traded , the global benchmark for crude, settled up […]

Continue Reading

Prudential’s U.S. spin-off plan on track as Asia drives profit rise

© Reuters. The logo of British life insurer Prudential is seen on their building in London By Carolyn Cohn LONDON (Reuters) – British insurer Prudential (NYSE:) expects to split off its U.S. business in the second quarter, it said on Wednesday as it posted a 4% rise in full-year operating profit on the back of […]

Continue Reading

Palestinian COVID vaccine plan faces large funding gap, World Bank says

© Reuters. FILE PHOTO: Palestinian health workers are vaccinated against COVID-19 in Bethlehem By Rami Ayyub JERUSALEM (Reuters) – The Palestinians’ COVID-19 vaccination plan faces a $ 30 million funding shortfall, even after factoring in support from a global vaccine scheme for poorer economies, the World Bank said in a report on Monday. Israel, a […]

Continue Reading

Biden scraps Trump plan to weaken environmental rules to build renewables in California

© Reuters. FILE PHOTO: A wind farm, part of the Tehachapi Pass Wind Farm, is pictured in Tehachapi By Nichola Groom (Reuters) – The Biden administration on Wednesday said it would scrap a Trump-era proposal to weaken environmental protections for millions of acres of California desert to ease development of wind and solar energy projects. […]

Continue Reading

Senate adopts budget measure to fast-track Biden’s $1.9 trillion stimulus plan

The Senate passes the final passage of the resolution For some context, the resolution here would clear the path for Biden’s stimulus plan to pass if there is only a simple majority instead of going with the 60-vote threshold for most legislation to be passed in the chamber. That said, there are some caveats as […]

Continue Reading

Banking group asks U.S. government to fix glitches in pandemic loan plan

NEW YORK (Reuters) – A lobbying group for U.S. banks called on the U.S. government on Monday to amend glitches in a key federal pandemic loan program that it said were preventing small businesses from getting the financial aid they needed. The letter from the American Bankers Association to the Department of Treasury and the […]

Continue Reading

Canada’s Couche-Tard to explore partnership opportunities with Carrefour, after takeover plan fails

2/2 © Reuters. The logo of a Couche-Tard convenience store is seen in Montreal 2/2 By Ann Maria Shibu (Reuters) – Canada’s Alimentation Couche-Tard and European retailer Carrefour SA (OTC:) have decided to work on partnership opportunities after takeover talks failed, the two companies said in a joint statement on Saturday. Couche-Tard dropped its 16.2 […]

Continue Reading