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Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

Marathon Petroleum signs offtake agreement for IEnova’s Manzanillo terminal in Mexico

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Highlights Manzanillo is also contracted by BP and Trafigura Terminal will serve Western Mexico, which demands 225,000 b/d of fuel Mexico City — Marathon Petroleum signed an offtake agreement for IEnova’s new Manzanillo marine terminal in Mexico’s Pacific coast, the companies said Tuesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Exclusive: In a world first, Facebook to give data on hate speech suspects to French courts

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PARIS (Reuters) – In a world first, Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, France’s minister for digital affairs Cedric O said on Tuesday. O, whose father is South Korean, is one of French President Emmanuel Macron’s earliest followers, and has Read More

Disney poaches Netflix film executive for streaming service

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FILE PHOTO: The entrance gate to The Walt Disney Co is pictured in Burbank, California February 5, 2014. REUTERS/Mario Anzuoni (Reuters) – Walt Disney Co said on Tuesday it had hired a top executive in Netflix Inc’s original film division, Matt Brodlie, to lead international content development for its upcoming family-oriented streaming service called Disney+. Read More

FedEx warns 2020 results to be hurt by trade war, shares fall 2%

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FILE PHOTO: A Federal Express truck on delivery is pictured in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake (Reuters) – Package delivery company FedEx Corp beat Wall Street estimates for quarterly profit on Tuesday, but warned its fiscal 2020 performance would be hurt by trade uncertainty and non-renewal of Amazon contract, sending its Read More

Tesla likely to miss record second-quarter delivery target: Electrek

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FILE PHOTO: A Tesla Model 3 is seen in a showroom in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson (Reuters) – Shares of Tesla Inc fell 1.3% on Tuesday after news website Electrek reported that the electric-car maker has so far delivered 49,000 vehicles in North America during the second quarter and may Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

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SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More

Vestas and GE Renewable Energy settle multi-patent dispute

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News release fromVestas Wind Systems A/S & General Electric CompanyAarhus and Boston, 25 June 2019 Vestas Wind Systems A/S (Vestas) and General Electric Company (GE), acting through its Renewable Energy Business, have reached an amicable settlement of all disputes related to multiple patent infringement claims in the U.S., resulting in the discontinuation of the case Read More

Disney in talks to invest in Indonesia’s largest media firm: source

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FILE PHOTO: The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson/File Photo JAKARTA (Reuters) – Media Nusantara Citra is not in talks with Disney over an investment in one of the Indonesian media group’s companies, president and founder Hary Tanoesoedibjo said on Tuesday. An MNC executive had Read More

‘Storm approaching’: firms fear for deliveries in shipping shakeup

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LONDON/LOS ANGELES (Reuters) – U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) on Terminal Island at the Read More