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Business— page 56

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Electric mobility brings Africa’s energy transition into the wild

MAASAI MARA, Kenya (AP) — Joshua Kijape eases his motorcycle through the tall grass, listening for movement in the bush. There is no engine rumble, no exhaust and little warning for anything ahead. That is exactly how the Mara-Siana ranger, attached to Entumoto Safari Camp in Kenya’s Maasai Mara gam

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Electric mobility brings Africa’s energy transition into the wild
business

Japan’s biomass energy boom threatens further deforestation in Indonesia

ISLAMABAD (AP) — A surge in Indonesia’s wood pellet and chip production is driving a new wave of deforestation, threatening the vast archipelago’s remaining tropical forests, vital biodiversity hot spots and the land of Indigenous peoples, according to new satellite analysis from environmental nongo

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Japan’s biomass energy boom threatens further deforestation in Indonesia
business

Amazon pauses operations with 21 Air after Miami cargo plane crash

Sept 13 (Reuters) – Amazon said on Sunday it was pausing operations with Miami-based 21 Air, the cargo carrier that operated the Amazon-branded plane that crashed in Miami, killing five people. “After the tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some

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Amazon pauses operations with 21 Air after Miami cargo plane crash
business

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

By Ankur Banerjee SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global

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Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
business

Shares skid in Asia as oil rises, rate hikes loom

By Wayne Cole SYDNEY, Sept 14 (Reuters) – Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes on Saudi Arabia and on ships in th

· SRN Business
Shares skid in Asia as oil rises, rate hikes loom
business

Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz

By Colleen Howe BEIJING, Sept 14 (Reuters) – Oil prices jumped more than 2% on Monday, after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline. Brent crude futures rose $2.90, or 2.77%, to $107.51

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Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz
business

Ahead of Fed meeting, Trump says US should have world’s lowest interest rate

By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at the Irish Open golf tournament, T

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Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
business

Somalis rethink trade routes as Houthis disrupt established shipping channels

MOGADISHU, Somalia (AP) — Somalia’s business community is seeking alternative shipping routes due to disruptions and security concerns around the Bab al-Mandab Strait and the Strait of Hormuz after Iran-backed Houthis captured a key port city and an island, sending thousands of Yemenis fleeing to ne

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Somalis rethink trade routes as Houthis disrupt established shipping channels
business

Anthropic selects Nasdaq for IPO, Business Insider reports

Sept 13 (Reuters) – U.S. tech startup Anthropic has selected Nasdaq for its potential initial public offering, Business Insider reported on Sunday, citing a person familiar with the company’s plans. (Reporting by Ananya Palyekar in Bengaluru; Editing by David Gregorio) Brought to you by www.srnnews.

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Anthropic selects Nasdaq for IPO, Business Insider reports
business

S&P Dow Jones Indices loosens Canadian index inclusion criteria

TORONTO, Sept 13 (Reuters) – S&P Dow Jones Indices (S&P DJI) said on Friday it will change the eligibility criteria for S&P/TSX Canadian Indices, with the move potentially opening the door to the inclusion of major copper producer Anglo-Teck, according to investors. • Under the new criteria, foreign

· SRN Business
S&P Dow Jones Indices loosens Canadian index inclusion criteria
business

Trump says ‘very negative forces’ raising exaggerated concerns over AI

By Bo Erickson and Padraic Halpin DOONBEG, Ireland, Sept 13 (Reuters) – U.S. President Donald Trump said on Sunday a lot of “very negative forces” are bringing things up about AI that won’t happen and said that he wanted to make sure that the United States remains the industry leader. “We’re leading

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Trump says ‘very negative forces’ raising exaggerated concerns over AI
business

Saudi pipeline outage threatens loss of 4% of global oil supply

(Refiles, removing additional text that repeats separate alerts) By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) – Saudi Arabia will run out of oil stocks for exports if it doesn’t restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, S

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Saudi pipeline outage threatens loss of 4% of global oil supply
business

Benin bets on turning its cotton crop into clothes at home

PARAKOU, Benin (AP) — The “Made in Benin” tags on Fatoumata Dosso’s fabrics represent an ambition much bigger than her fashion business: keeping more of the value of Africa’s largest cotton producer at home. The founder of DAF Collection said that the tag means her country is trying to take full adv

· SRN Business
Benin bets on turning its cotton crop into clothes at home
business

Speculators turn net long on yen for first time since February

By Rocky Swift TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. Yen futures data from the Commodity Futures Trading Commission showed net n

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Speculators turn net long on yen for first time since February
business

Hyundai Motor to roll out in-house driver-assist system in 2029

By Hyunjoo Jin SEOUL, Sept 13 (Reuters) – Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the U.S. chi

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Hyundai Motor to roll out in-house driver-assist system in 2029
business

Tesla to unveil long-delayed Roadster on Oct. 1, Musk says

Sept 12 (Reuters) – Tesla CEO Elon Musk said on Saturday the electric-vehicle maker would unveil its long-delayed Roadster on October 1, nearly a decade after first revealing a next-generation version of its original sports car. Here are some of the details: • Tesla’s account on social media platfor

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Tesla to unveil long-delayed Roadster on Oct. 1, Musk says
business

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Sept 12 (Reuters) – Oracle said on Saturday that its co-founder and executive chairman Larry Ellison had canceled a plan to sell up to 50 million Oracle shares, worth about $7.5 billion at Friday’s closing price. Oracle had disclosed in a regulatory filing Friday that Ellison had adopted the trading

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Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion
business

Anthropic CEO urges AI companies to slow model development

Sept 12 (Reuters) – Anthropic CEO Dario Amodei called on AI companies to deliberately moderate the rate at which they advance model capabilities, outlining a three-step framework intended to pace development and create more time to manage its risks. “We must slow the pace at which we improve the cap

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Anthropic CEO urges AI companies to slow model development
business

Canadian boycott of US products pushes grocers to adapt, explore new supply sources

By Nivedita Balu TORONTO, Sept 12 (Reuters) – A growing consumer push to buy Canadian and boycott U.S. products is reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labeling and secure new sources of supply. In Ontario, the president of independent grocer Vince’s

· SRN Business
Canadian boycott of US products pushes grocers to adapt, explore new supply sources
business

Ford to recall about 223,500 US vehicles over fuel tank issues

Sept 12 (Reuters) – Ford is recalling 223,472 vehicles in the U.S. due to leaky and improperly secured fuel tanks that may detach from the vehicle while driving, the U.S. National Highway Traffic Safety Administration said on Saturday. Here are some more details from the NHTSA advisory: • A detached

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Ford to recall about 223,500 US vehicles over fuel tank issues
business

Australia’s Optus apologises for outage that disrupted emergency calls

(Corrects grammar and use of partial quote in paragraph 2) SYDNEY, Sept 12 (Reuters) – Optus, Australia’s No. 2 telecom carrier, on Saturday apologised a day after an outage on its network impacted users across three states and disrupted some emergency services calls. The 76-minute technical glitch

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Australia’s Optus apologises for outage that disrupted emergency calls
business

Boeing and engineers’ union reach tentative contract agreement

By Dan Catchpole SEATTLE, Sept 11 (Reuters) – Boeing and its engineering union reached a tentative contract agreement on Friday, union officials said. The four-year offer includes higher general wage increases than the first offer, which members of the Society of Professional Engineering Employees i

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Boeing and engineers’ union reach tentative contract agreement