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(Reuters) -Texas Governor Greg Abbott announced on Thursday that the first Texas Energy Fund (TEF) loan agreement will be used to fund a 122 megawatt (MW) natural gas power plant in Texas. “Under the loan agreement, subject to customary financial closing procedures, total project costs are not to exceed $175 million, with the PUC providing …

Governor announces first Texas Energy Fund loan for 122 MW natural gas facility Read More »

By Valerie Volcovici and Jarrett Renshaw WASHINGTON (Reuters) -The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning. Top economic rivals U.S. and China are locked in a technological arms race and with it …

Exclusive-Trump plans executive orders to power AI growth in race with China Read More »

By David Shepardson WASHINGTON (Reuters) -Major automakers want Congress and the Trump administration to move faster to make it easier to deploy autonomous vehicles without human controls as new robotaxi tests expand. Congress has been divided for years about whether to pass legislation to address deployment hurdles, while the National Highway Traffic Safety Administration has …

Automakers want US to move faster on self-driving car rules Read More »

By Tom Wilson LONDON (Reuters) -A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump’s family, becoming its largest publicly known investor. Aqua 1 Foundation said in a statement on Thursday its purchase of the tokens, known as $WLFI, …

UAE fund buys $100 million of Trump’s World Liberty tokens Read More »

SANTIAGO (Reuters) -La Piojera in downtown Santiago has been a lively bar for over a century, drawing locals and tourists with typical Chilean foods, drinks and music, but now its doors are shutting earlier and sales are plummeting as rising crime has strangled the country and the economy. Chile is losing an average of 2.6% …

Crime costs Chile $8 billion a year as violence chokes economic growth Read More »

(Reuters) -The S&P 500 and the Nasdaq opened at record highs on Friday as a benign inflation report supported hopes for a dovish policy outlook from the U.S. Federal Reserve this year. The Dow Jones Industrial Average rose 118.8 points, or 0.27%, at the open to 43505.6. The S&P 500 rose 9.7 points, or 0.16%, …

S&P 500, Nasdaq touch record highs after tame inflation data Read More »

By Nandita Bose and David Lawder WASHINGTON (Reuters) -The United States and China have resolved issues surrounding shipments of rare earth minerals and magnets to the U.S., Treasury Secretary Scott Bessent said on Friday, ironing out a dispute that stalled a deal reached in May. As part of its retaliation against new U.S. tariffs, China …

US says deal with Beijing will expedite rare earth exports from China Read More »

By Juveria Tabassum, Helen Reid and Joel Jose (Reuters) -Nike shares surged 13.3% on Friday as an encouraging forecast on the back of its turnaround effort and plans to reduce China production for U.S.-bound goods bolstered investor confidence. Major brands have spent years shifting away from Chinese factories for the U.S. market as political tensions …

Nike rallies on efforts to tackle tariff costs as turnaround takes shape Read More »