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WASHINGTON (Reuters) -The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would …

US energy department cancels $7.6 billion in funding meant for projects Read More »

SYDNEY (Reuters) -Australia’s surplus on goods trade shrank sharply in August as shipments of gold plunged after a run of strong months, data showed on Thursday, while imports were up across the board. The Australian Bureau of Statistics reported the surplus on goods fell to A$1.8 billion ($1.19 billion) in August, from a revised A$6.6 …

Australia trade surplus shrinks sharply as gold exports dive Read More »

BUENOS AIRES (Reuters) -Argentina’s President Javier Milei said proposed U.S. financial support for Argentina could include purchases of the country’s debt in the secondary market and a profit-sharing arrangement. In an interview with local radio station Mitre, Milei said negotiations with the U.S. government are still ongoing, and the proposed aid package could consist of …

Argentina’s Milei says US aid talks include debt purchases, profit-sharing Read More »

By Natalia Siniawski MEXICO CITY (Reuters) -Mexico’s auto industry warned of a “complex outlook” ahead of the 2026 review of the United States-Mexico-Canada Agreement (USMCA), with executives citing concerns over tighter rules of origin and scrutiny of Asian content in components. Speaking at the CIAN automotive conference, heavy-vehicle manufacturers expressed concerns about meeting current USMCA …

Mexico auto industry warns of complex outlook ahead of USMCA review Read More »

(Reuters) -Allstate on Wednesday named Mario Rizzo as chief operating officer, responsible for the property-liability and protection services businesses. Rizzo, who was previously president of property-liability, will be succeeded in that role by Chief Financial Officer Jess Merten, the insurer said. Merten will report to Rizzo. John Dugenske, president of investments and corporate strategy, will …

Allstate reshuffles leadership, names Mario Rizzo as COO Read More »

(Reuters) -Apple has halted a planned overhaul of its Vision Pro mixed-reality headset to shift resources to smart glasses that would rival products from Meta Platforms, Bloomberg News reported on Wednesday, citing people familiar with the matter. The iPhone maker had been preparing a cheaper, lighter variant of its headset, code-named N100, for release in …

Apple halts Vision Pro overhaul to focus on AI glasses, Bloomberg News reports Read More »