Trump budget proposes slashes to renewable energy, farms, EPA

WASHINGTON, May 4 (Reuters): US President Donald Trump's administration on Friday proposed cutting billions of dollars in federal funding next year for projects including renewable energy and electric vehicle chargers, and gutting programs aimed at curbing climate change.The proposal to Congress was part of a wider request to cut $163...

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Trade turmoil poses serious risks to global growth: HSBC

LONDON, May 4 (Reuters): Shifting global trade relations have increased economic uncertainty with serious risks to growth, making it difficult for international banks to provide the medium term outlook effectively, HSBC Chairman Mark Tucker said on Friday.Speaking at the bank's annual shareholder meeting in London, a day after it announced...

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Saudi chemicals group SABIC reports Q1 net loss of $323 million

Saudi chemicals giant SABIC on Sunday reported a first-quarter net loss of 1.21 billion Saudi riyals ($323 million), citing a rise in operating costs and high feedstock costs, reports Reuters.That compared to a profit of 0.25 billion riyals in the same period last year.The chemicals industry has been grappling with...

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