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Europe 5G network buildout to trigger deals, won't bust capex budgets

1 hour ago DieselGasoil Comments Off on Europe 5G network buildout to trigger deals, won't bust capex budgets
BARCELONA (Reuters) – The launch of fifth-generation mobile services across Europe looks set to trigger a wave of infrastructure deals as telecoms companies seek ways to upgrade their networks without busting their strained capital budgets. People speak before the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. Picture taken June 4, Read More

Canadian crude rallies as U.S. demand and rail shipments rise

8 hours ago DieselGasoil Comments Off on Canadian crude rallies as U.S. demand and rail shipments rise
By Robert Tuttle on 11/16/2018 CALGARY (Bloomberg) — Canadian heavy crude prices rallied Friday as U.S. Refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl, the smallest since late September, data compiled by Bloomberg show. The absolute price increased to Read More

Weight of change: Kilogram shakeup confuses netizens

9 hours ago DieselGasoil Comments Off on Weight of change: Kilogram shakeup confuses netizens
A vote by scientists to redefine the kilogram in terms of universal natural constants has brought about confusion online, as people joked about metric system measurements that few seemed to fully understand. For over 130 years, the kilogram was physically represented by one very special lump of platinum. On Friday, the General Conference on Weights Read More

PG&E shares, debt rebound as regulator soothes bankruptcy fear

13 hours ago DieselGasoil Comments Off on PG&E shares, debt rebound as regulator soothes bankruptcy fear
(Reuters) – Shares of embattled utility PG&E Corp (PCG.N) surged 37 percent on Friday as fears it could be bankrupted by potential liability from California’s deadliest-ever wildfire were assuaged by signs of support from a regulator. Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., Read More

U.S. manufacturing production increases; headwinds growing

14 hours ago DieselGasoil Comments Off on U.S. manufacturing production increases; headwinds growing
WASHINGTON (Reuters) – U.S. manufacturing output rose for a fifth straight month in October, shrugging off a sharp drop in motor vehicle production and suggesting underlying strength in factory activity despite growing headwinds that are expected to slow the sector in 2019. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang Read More

VW embarks on $50 billion electrification plan

17 hours ago DieselGasoil Comments Off on VW embarks on $50 billion electrification plan
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia Read More

U.S. manufacturing production rises steadily in October

17 hours ago DieselGasoil Comments Off on U.S. manufacturing production rises steadily in October
WASHINGTON (Reuters) – U.S. manufacturing output increased for a fifth straight month in October, shrugging off a sharp decline in motor vehicle production and suggesting underlying strength in factory activity despite signs of a slowdown in the sector. FILE PHOTO – Assembly workers work on the underside of 2015 Ford Mustang vehicles on the production Read More

Oil rises, paring sixth weekly loss on expectation of OPEC cuts

18 hours ago DieselGasoil Comments Off on Oil rises, paring sixth weekly loss on expectation of OPEC cuts
By Tsuyoshi Inajima and Grant Smith on 11/16/2018 TOKYO and LONDON (Bloomberg) — Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year.  Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%. With OPEC seeing waning demand Read More

Shrinking Swiss glacier gets a climate-change postcard

19 hours ago DieselGasoil Comments Off on Shrinking Swiss glacier gets a climate-change postcard
JUNGFRAUJOCH, Switzerland (Reuters) – Switzerland’s Aletsch glacier is western Europe’s largest expanse of ice, but Swiss scientists say it’s receding at an unprecedented pace, losing up to 12 meters (13 yards) of ice a year. That vanishing act made the Alpine glacier the site of a publicity stunt on Friday: the creation of what organizers Read More

Diabetes spike in Mexican town where Coca-Cola used as drinking water, currency & religious offering

19 hours ago DieselGasoil Comments Off on Diabetes spike in Mexican town where Coca-Cola used as drinking water, currency & religious offering
A Mexican town, next to a Coca-Cola plant, is running so low on water that locals have turned to the sugary drink as an alternative. It’s drunk, used in religious ceremonies and even as a currency. While diabetes and obesity soar. Cristobal de las Casas, in the Mexican state of Chiapas, has for years been Read More