Oil dips as demand concerns outweigh ME supply fears
LONDON, Aug 6 (Reuters): Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production.Brent crude futures were down 41...
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US to invest $2.2b to overhaul national power grid
The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation's power grid to protect it against growing threats of extreme weather events, reports Reuters.The US government has been working to overhaul the country's electric transmission system, which is under pressure from extreme weather conditions, as...
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Gold prices ease as dollar firms, Fed rate cut hopes lend support
Gold prices eased on Tuesday as the dollar firmed, although expectations of a US rate cut in September and escalating geopolitical tensions in the Middle East kept bullion above the key $2,400 per ounce level, reports Reuters.Spot gold fell 0.2 per cent at $2,401.75 per ounce by 10:09 a.m. ET...
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LATAM Airlines to invest $2b in Brazil over 2 yrs
SAO PAULO, Aug 6 (Reuters): LATAM Airlines on Monday said that it would invest $2 billion in Brazil, Latin America's largest economy, within the next two years.The Chile-based airline said in a statement it would focus the funding on products, technologies and services for passengers and on aircraft maintenance.LATAM said...
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Joby Aviation applies for aircraft certification
Electric air taxi maker Joby Aviation said on Tuesday the it has formally applied for its aircraft to be certified for use in Australia, reports Reuters.The Santa Cruz, California-based company is among the numerous makers of air taxis, also known as electric vertical take-off and landing aircraft, that have emerged...
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