Texas power crisis deepens as more companies skip payments due to grid operator

© Reuters. FILE PHOTO: Winter weather caused electricity blackouts in Houston HOUSTON (Reuters) – Texas energy companies failed to pay another $ 345 million for electricity and other services incurred during last month’s cold snap, the operator of the state’s grid said on Monday. In all, electricity providers have skipped out on $ 1.66 billion […]

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Analysis: Biden returns to battle another economic crisis, but it’s no Great Recession

© Reuters. FILE PHOTO: Democratic U.S. presidential nominee Biden speaks about the 2020 presidential election in Wilmington, Delaware By Ann Saphir and Jonnelle Marte SAN FRANCISCO/NEW YORK (Reuters) – Joe Biden is returning to the White House to lead the United States in the midst of an economic crisis after beating President Donald Trump in […]

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U.S. Crop Report Signals Worsening Global Food-Insecurity Crisis

© Reuters. U.S. Crop Report Signals Worsening Global Food-Insecurity Crisis (Bloomberg) — On the same day the World Food Programme was awarded the Nobel Peace Prize for its fight against hunger, fresh numbers from the U.S. government showed that tighter crop supplies could worsen the food-inequality crisis that’s sweeping the globe. In its hotly watched […]

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No more status quo: PM Johnson vows to transform Britain after coronavirus crisis

2/2 © Reuters. Britain’s Prime Minister Boris Johnson leaves Downing Street 2/2 By William James LONDON (Reuters) – Prime Minister Boris Johnson promised on Tuesday to transform Britain rather than settle for the “status quo” after the coronavirus crisis by building more new homes, improving education, fighting crime and boosting the green economy. In a […]

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UK cannot simply borrow its way out of COVID-19 crisis: Sunak

© Reuters. Britain’s Chancellor of the Exchequer Rishi Sunak visits Octopus Energy, in London By William James and David Milliken LONDON (Reuters) – British finance minister Rishi Sunak said on Monday he would protect the public finances after a surge in spending, and also defended Prime Minister Boris Johnson whose handling of the coronavirus crisis […]

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UK’s Gove says job market ‘churn’ inevitable after COVID-19 crisis

© Reuters. FILE PHOTO: Brexit talks in Brussels LONDON (Reuters) – British cabinet office minister Michael Gove on Saturday said it was inevitable there would be some ‘churn’ in the labour market as a result of the COVID-19 pandemic, speaking at the Conservative Party’s online annual conference. Disclaimer: Fusion Media would like to remind you […]

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IAG airline’s Walsh hands control to Gallego with crisis in mid-air

2/2 © Reuters. FILE PHOTO: Iberia Chairman and CEO Luis Gallego attends an event in Madrid, Spain 2/2 By Paul Sandle LONDON (Reuters) – Willie Walsh will pass the controls of IAG to Luis Gallego at the British Airways and Iberia owner’s annual meeting on Tuesday, where shareholders will be asked to stump up billions […]

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Global dividend plunge to be worst since financial crisis

© Reuters. FILE PHOTO: Passersby wearing protective face masks are reflected on a screen displaying stock prices outside a brokerage in Tokyo By Marc Jones LONDON (Reuters) – The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17%-23% this year or what could be as much $ 400 billion, a new […]

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EUR/USD to $1.21 by Year End as Covid Crisis, Stimulus Worries to Hurt Dollar

© Reuters. By Yasin Ebrahim Investing.com – The euro racked up gains on Wednesday, and could reach $ 1.21 against the dollar by the end of the year as the greenback faces a rocky few months amid rising cases and stimulus worries, analysts said. rose 0.36% to $ 1.567. “The ‘one step forward, three steps […]

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Lost in Oil’s Rally: $2 Trillion-a-Year Refining Industry Crisis

© Reuters. Lost in Oil’s Rally: $ 2 Trillion-a-Year Refining Industry Crisis (Bloomberg) — Crude oil is the world’s most important commodity, but it’s worthless without a refinery turning it into the products that people actually use: gasoline, diesel, jet-fuel and petrochemicals for plastics. And the world’s refining industry today is in pain like never […]

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