Month: January 2023

 Reuters exclusively reported that Shell PLC’s Canada export project team in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and a switch to electricity as more renewable power becomes available. LNG Canada CEO Jason Klein told Reuters in an interview that lack of transmission infrastructure makes the whole electrification […]

Reuters shed light on how U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircrafts remain barriers to rising sales. The post Reuters reveals Airlines face hurdles to cashing in on China re-opening appeared first […]

Reuters exclusively revealed at least four Chinese-owned supertankers are shipping Russian Urals crude to China, as Moscow seeks vessels for exports after a G7 oil price cap restricted the use of Western cargo services and insurance.  The post Reuters reveals Russian oil shipped to Asia in Chinese supertankers amid ship shortage appeared first on Reuters […]

Reuters exclusively reported that Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, in another signal that the country’s two-year regulatory crackdown on the technology sector is ending. Reuters reported the lifting of the new user ban and app resumption for its […]

Reuters exclusively reported Chinese electric vehicle maker BYD Auto Co plans to build a plant in Vietnam to produce car parts, in a move that would reduce the company’s reliance on China and deepen its supply chain in Southeast Asia as part of a global expansion. The post Reuters reveals Chinese EV maker BYD to […]

Reuters exclusively reported that Exxon Mobil Corp will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, completing a $2 billion expansion first considered nine years ago. Initial startup of a crude distillation unit at the 369,000-bpd refinery is expected by Jan. 31, making the Beaumont refinery the second largest in the United […]

Reuters exclusively revealed that Southwest Airlines Co Chief Executive Bob Jordan is looking at all options to ensure the operational meltdown the company suffered last month is not repeated. The Dallas-based carrier has been dealing with customer outrage and regulatory scrutiny after a systems meltdown left thousands of passengers stranded. The post Reuters reveals Southwest […]

Reuters shed light on how India’s nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. The post Reuters reveals fall in India nominal GDP growth in FY24 to challenge fiscal math […]

Reuters exclusively revealed that TikTok has put on hold a hiring process for consultants that would help it implement a potential security agreement with the United States as opposition to such a deal among U.S. officials grows. President Joe Biden revoked an executive order in 2021 by his predecessor Donald Trump to ban TikTok in […]

Reuters exclusively reported that a Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer. Citing internet records and five cyber security experts, Reuters reported that between August and September, as President Vladimir Putin indicated Russia would be willing to use nuclear weapons to defend its […]