By David ShepardsonWASHINGTON (Reuters) -U.S. Transportation Secretary Sean Duffy on Monday rescinded two Biden administration memos that encouraged states to address how climate change and equity impact infrastructure projects.Duffy and the department said the memos were in conflict with the intent of Congress in passing the $1 trillion infrastructure law in 2021 and added costly burdens. The mem ...
(Corrects to "10-week winning streak" from "10-session winning streak" in paragraph 2)(Reuters) - European shares were flat on Monday as investors took a breather after a week of high volatility due to uncertainties around U.S. tariffs.The pan-European STOXX 600 was up 0.07% as of 0810 GMT, after the benchmark index snapped a 10-week winning streak on Friday as frequent shifts in U.S. trade policy ...
Investing.com -- The ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, chaired a Cabinet meeting at Qasr Al Watan, Abu Dhabi today, where the National Investment Strategy for the upcoming six years was approved. The strategy aims to significantly boost the annual Foreign Direct Investment (FDI) inflows, with a target to increase it from AED 112 billion in 2023 to AED 240 billion ...
LONDON (Reuters) - Lloyd’s of London said on Monday it expected $2.3 billion in net losses caused by the recent Los Angeles wildfires, as the insurance marketplace reported a dip in underwriting profit for last year.The estimated loss from the wildfires in January, which killed more than two dozen people and destroyed or damaged more than 16,000 structures, follows an announcement by Germany’s ...