Texas power use to hit record high on economic growth, hot weather
Power demand in Texas is set to break the all-time record this week, far ahead of the hottest days of summer, testing of the resilience of the state’s power grid after issues earlier this year and last year’s days-long blackout during a deep freeze.
Analysis: China shines regulatory spotlight on livestream retail boom
China’s ‘common prosperity’ crackdown has turned a harsh spotlight on the country’s massive livestream e-commerce business – underlining the fragility of a surging sales channel that some of the world’s biggest brands have come to rely on.
Analysis: U.S. wants more oil, but OPEC+ can’t turn on the tap much harder
U.S. pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group: it doesn’t have much extra capacity to hike output faster, even if it wanted to.
Global COVID-19 cases hit 250 million, eastern Europe infections at record levels
Global COVID-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.
Analysis: Riding the oil price rebound: Gulf states to accelerate asset sales
Saudi Aramco and other Gulf oil producers are following in the footsteps of Abu Dhabi with plans to raise tens of billions of dollars through sales of stakes in energy assets, capitalising on a rebound in crude prices to attract foreign investors.
Analysis: Beyond security crackdown, Beijing charts state-controlled data market
China’s sweeping regulatory action against internet giants such as ride-hailing firm Didi Global Inc, which has sent chills through the industry, is part of a broader national project to create a domestic marketplace for the country’s vast troves of big data.
Analysis: Dealmakers see M&A rush, then chills, in Biden’s antitrust crackdown
July 12 (Reuters) – Dealmakers expect a new wave of transformative U.S. mergers and acquisitions (M&A), as companies rush to complete deals before President Joe Biden’s antitrust push takes shape, to be followed by a slowdown when regulators start cracking down. Biden signed a sweeping executive order on Friday to bolster competition within the U.S. […]
Analysis: U.S. states ending jobless benefits early hit labor market milestone in March
WASHINGTON, July 2 (Reuters) – U.S. states halting federal unemployment benefits early had crossed a key threshold in their economic recovery early this spring, with the number of available jobs exceeding the number of unemployed people, new federal data shows. The data, which estimates job openings and turnover at the state level, showed the ratio […]
Take Five: The missing piece in the Fed puzzle
Next Friday’s U.S. employment report will allow investors to gauge whether a powerful U.S. recovery could push the Federal Reserve to start unwinding ultra-easy monetary policies sooner than expected.
Global companies’ capex to hit decade-high growth this year -Refinitiv data
Global companies are set to ramp up their expansion plans this year, after being bogged down in the last few years, as economies recover from the pandemic and firms start to see higher profits and cashflows.
