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Big Oil’s patchy deals record casts shadow over green makeover

LONDON (Reuters) – As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy comp... More »

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U.S. presidential hopeful Biden says he would not ban fracking

PITTSBURGH (Reuters) – Democratic presidential candidate Joe Biden said on Monday he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Republican assertions that he supports such a ban a... More »

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Singapore battles record dengue outbreak with more mosquitoes

SINGAPORE (Reuters) – From the high balcony of a Singapore public housing block, an environment official steadies his mosquito launcher, the latest contraption authorities have devised to combat a record outbreak of the tropical disease dengue. With the click ... More »

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Japan’s renowned artists find inspiration from pandemic

TOKYO (Reuters) – Some of Japan’s best-known artists are finding new avenues of expression in areas such as online communication and the environment, as the novel coronavirus outbreak sparks ideas as radical as renaming the country’s “Reiwa” imperial era. Five... More »

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Woolly mammoth skeleton found in lake in Russia’s Arctic

MOSCOW (Reuters) – Russian scientists are poring over the stunningly well-preserved bones of an adult woolly mammoth that roamed the earth at least 10,000 years ago, after local inhabitants discovered its remains in the shallows of a north Siberian lake. Part ... More »

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BMW to offer fully electric 5-series in emissions push

FRANKFURT (Reuters) – BMW (BMWG.DE) will offer a fully electric 5-series as part of sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road. “In ten years, the goal is to have a tot... More »

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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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UK new car sales post smaller slump in June

LONDON (Reuters) – British new car registrations fell by an annual 35% in June, the smallest drop since February, as many dealerships reopened after coronavirus lockdown measures were lifted. A total of 145,377 new cars were registered in June, leaving year-to... More »

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UK decision on Huawei not set in stone, British minister says

LONDON (Reuters) – Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday. Britain gra... More »

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Democrat Biden says he would kill Keystone XL pipeline

WASHINGTON (Reuters) – Joe Biden’s campaign said on Monday that if elected president, the presumptive Democratic nominee would rescind the permit for Keystone XL pipeline, which effectively would doom the long-troubled project. In doing so, Biden would reverse... More »

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Australia to pour $190 million into hydrogen projects

MELBOURNE (Reuters) – The Australian government on Monday set aside A$300 million ($191 million) to jumpstart hydrogen projects with the help of low-cost financing as the country aims to build the industry by 2030, the country’s energy minister said on Monday.... More »

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Before becoming frozen wasteland, Antarctica was home to frogs

WASHINGTON (Reuters) – When paleontologist Thomas Mörs was peering into a microscope while sorting through tiny 40 million-year-old fossils unearthed on Seymour Island near the tip of the Antarctic Peninsula, he came across quite a surprise – hip and skull bon... More »

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Volvo and Daimler tie up to develop fuel cell for trucks

STOCKHOLM (Reuters) – Swedish truck maker Volvo (VOLVb.ST) said on Tuesday it had signed a deal with German rival Daimler (DAIGn.DE) to set up a joint venture to develop and produce fuel cell systems for heavy-duty vehicles. Daimler will consolidate all its cu... More »

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Actor Idris Elba launches U.N. coronavirus fund for poor farmers

BARCELONA (Thomson Reuters Foundation) – British actor and filmmaker Idris Elba launched a new United Nations fund on Monday to help farmers in poorer nations, calling on richer economies to provide aid to prevent “needless hunger and suffering” stemming from ... More »

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Tiger at New York’s Bronx Zoo tests positive for coronavirus

(Reuters) – A tiger at the Bronx Zoo in New York City has tested positive for the respiratory disease caused by the novel coronavirus, in the first known case of a human infecting an animal and making it sick, the zoo’s chief veterinarian said on Sunday. Nadia... More »

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Britain orders 10,000 ventilators from F1, aerospace consortium

LONDON (Reuters) – Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing teams which have met an urgent government plea for help with production due to start this week. The group, including ... More »

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Coronavirus emerges as major threat to U.S. election process

WASHINGTON (Reuters) – U.S. election officials looking to construct a safe voting system in a worsening coronavirus pandemic are confronting a grim reality: there may not be enough time, money or political will to make it happen by the November election. The p... More »

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Shops close across Turkey, dimming hopes of a boom year

ISTANBUL/ANKARA (Reuters) – Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of thousands of workers after Ankara pledged $15 billion in support and advised Turks to ... More »

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Louvre museum closed again as workers fret over coronavirus

PARIS (Reuters) – The Louvre museum in Paris shut its doors to art lovers and tourists for a second day on Monday as management held talks with workers over the risks associated with coronavirus. Queues quickly formed in the rain outside the world’s most visit... More »

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YOUR MONEY: What it means to invest with a gender lens

NEW YORK (Reuters) – When clients tell financial adviser Catherine Valega that they want to invest their money in women, they are not always clear what they mean. To be honest, there is no real answer yet. If you have less than $1 million, investing with a gen... More »

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YOUR MONEY: Family offices lead the way on impact investing

NEW YORK (Reuters) – When former investment manager Ron Cordes started a charitable foundation in 2007, he got frustrated because he could only “do good” when he was actively giving the money away to needy causes. Then Cordes discovered impact investing. “We b... More »

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Kenyan sculptor turns scrap metal into art with a message

KAJIADO, Kenya (Reuters) – Two life-size lions crafted from scrap metal guard the entrance to the studio of Kenyan metal sculptor Kioko Mwitiki. Nearby a leopard, with holes in its metal body to mimic spots, crouches next to a giant elephant sculpture. Mwitiki... More »

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New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with... More »

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Tokyo 2020 to power Olympic torch with hydrogen for first time

TOKYO (Reuters) – Hydrogen will be used for the first time to power the Olympic torch during its journey through Japan, organizers said on Monday, as part of Tokyo 2020’s efforts to hold an environmentally friendly Games. Organizers aim to offset all carbon em... More »

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Australian budget surplus in doubt as bushfire funding boosted

SYDNEY (Reuters) – Australia on Monday boosted emergency funding for small businesses hit by bushfires that have ravaged the country for months, as the mounting costs of the disaster cast doubt on the government’s ability to deliver a promised budget surplus. ... More »

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Sports need to do more to combat climate change: lobby group

(Reuters) – The bushfire smoke that hampered the buildup to the Australian Open highlights the need for Tennis Australia to be doing much more to combat climate change, the country’s national environmental lobby group said. The Australian Open, the season open... More »

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‘Green is good.’ Is Wall Street’s new motto sustainable?

NEW YORK (Reuters) – If you have gone to Goldman Sachs Group Inc’s (GS.N) internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe. Visitors are met with a background of lush greenery, alon... More »

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Apple pushes recycling of iPhone with ‘Daisy’ robot

AUSTIN, Texas (Reuters) – Apple Inc APPL.O is trying to change the way electronics are recycled with a robot that disassembles its iPhone so that minerals can be recovered and reused, while acknowledging rising global demand for electronics means new mines wil... More »

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One killed, several injured in New Zealand volcano eruption

WELLINGTON (Reuters) – At least one person was killed, several injured and others reported missing in New Zealand after a volcano erupted off the east coast of its North Island on Monday, spewing a plume of ash thousands of feet into the air. Twenty-three peop... More »

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Tourist tweets escape from New Zealand’s White Island volcano

(Reuters) – Tourist Michael Schade stood at the crater of New Zealand’s White Island volcano minutes before it erupted on Monday and shared his terrifying experience in a series of messages and videos posted on social media. “My God, White Island volcano in Ne... More »

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Santa Claus dives into hot climate issue in Paris aquarium

PARIS (Reuters) – In a change of scene, Santa Claus is donning flippers and a diving mask along with his traditional red-and-white outfit to scuba dive in a Paris aquarium as he teaches kids about global warming and climate issues during the festive season. Th... More »

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Bacon’s Moore Capital to return client capital after 30 years

(Reuters) – Louis Moore Bacon, the billionaire hedge fund manager whose macroeconomic bets on currencies, interest rates and other securities earned his Moore Capital Management LP double-digit returns over 30 years, will stop investing for outside clients, ac... More »

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Philippine students turn littered dog poo into bricks

MANILA (Reuters) – A group of secondary school students in the Philippines has found a way to convert poo from stray dogs into a mixture for bricks, aiming to rid city streets of excrement and potentially even lower construction costs. As part of a research pr... More »