Biden promises candor, Xi greets 'old friend' in U.S.-China talks

WASHINGTON (Reuters) -U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict as the heads of the two top global economies gathered for hours of talks on Monday. “It seems to me our responsibility as leaders of China and the United States is to ensure that our […]

Ecuador to expand Galapagos marine reserve, president says

Slideshow ( 2 images )QUITO (Reuters) – Ecuador will expand its Galapagos marine reserve by some 60,000 square kilometers and seek a conservation debt swap to finance it, President Guillermo Lasso said on Monday from Glasgow, where he is attending the UN climate conference. The Galapagos island reserve is already one of the largest in […]

Pope, Pacific Islands urge action as rich nations ring climate alarm

ROME (Reuters) -Leaders of the 20 richest countries will acknowledge the existential threat of climate change, a draft communique seen by Reuters shows, as Pope Francis here said on Friday the COP26 summit www.reuters.com/business/cop must deliver “concrete hope” by matching words with deeds.FILE PHOTO: General view of the coal power plant of German LEAG energy […]

ECB policymaker Kazimir charged with bribery, denies wrongdoing

FILE PHOTO: Peter Kazimir, when Slovakia’s Finance Minister, attends the Asian Financial Forum in Hong Kong, China January 15, 2018. REUTERS/Bobby YipPRAGUE (Reuters) – Slovak central bank Governor and European Central Bank governing council member Peter Kazimir has been charged with bribery but denies wrongdoing and will defend himself against the charges, Kazimir and his […]

Southwest cancels many flights, blames weather and air traffic control issues

FILE PHOTO: A Southwest Airline Boeing 737 MAX 8 aircraft lands at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake(Reuters) – Southwest Airlines Co cancelled at least 30% of its scheduled flights on Sunday, a second straight day of heavy cancellations, data from flightaware.com flightaware.com/live/cancelled showed. Southwest declined to confirm the number […]

Solar could power 40% of US electricity by 2035

By MATTHEW DALY WASHINGTON (AP) — Solar energy has the potential to supply up to 40% of the nation’s electricity within 15 years — a 10-fold increase over current solar output, but one that would require massive changes in U.S. policy and billions of dollars in federal investment to modernize the nation’s electric grid, a […]

Ida's insurance impact likely to be boosted by pandemic pricing

NEW YORK (Reuters) – Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts said on Monday.A damaged building is pictured after Hurricane Ida made […]

S&P 500 to rise another 8% through 2021-end – Wells Fargo

(Reuters) – A stellar U.S. corporate earnings season is expected to lift the S&P 500 by another 8% through the end of the year, analysts at Wells Fargo said on Tuesday, implying a near 28% jump for the benchmark equities index in 2021.FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the […]