Hurricane Milton Could Cost Insurers up to $100 Billion, Analysts Say
Oct. 9 By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) – Hurricane Milton could result in losses of up to $100 billion for the global insurance industry, creating a surge in 2025 reinsurance prices that could boost some insurance companies’ shares, analysts said on…
US FAA Could Approve SpaceX Starship 5 License This Month, Source Says
Oct. 8 By David Shepardson and Marisa Taylor WASHINGTON (Reuters) – The Federal Aviation Administration could approve a license for the launch of SpaceX’s Starship 5 as soon as this month, a source told Reuters on Tuesday. Last month, the FAA said it did not…
Milton Strengthens to Category 4 Hurricane, US NHC Says
Oct. 7 By Swati Verma (Reuters) – Milton has rapidly intensified into a category 4 hurricane on the Saffir-Simpson Hurricane Wind Scale, the U.S. National Hurricane Center said on Monday. Milton is located about 150 miles (240 km) west of Progreso Mexico, with maximum sustained…
US Lets Starlink Provide Direct-To-Cell Coverage for Hurricane-Hit Areas
Oct. 6 By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Sunday allowed Elon Musk’s SpaceX and T Mobile to enable Starlink satellites with direct-to-cell capability to provide coverage for cellphones in areas of North Carolina hard-hit by Hurricane Helene. The FCC…
Tropical Storm Milton Set to Become Hurricane Impacting Florida’s West Coast
Oct. 5 By Chandni Shah (Reuters) – Tropical Storm Milton has strengthened and is set to become a hurricane that will impact Florida’s west coast next week, the U.S. National Hurricane Center said on Saturday. The storm was about 385 miles (620 km) west-northwest of…
US Port Strike Ends, Leaving Cargo Backlog
Oct. 4 By Doyinsola Oladipo and David Shepardson (Reuters) -U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century, but clearing the cargo…
China’s WuXi Explores Sale of Pharma Operations as US Restrictions Loom, FT Reports
Oct. 3 By Rishabh Jaiswal (Reuters) -WuXi AppTec and WuXi Biologics are planning to sell some of their operations after the Chinese biotech companies were targeted by the U.S. on national security grounds, the Financial Times reported on Thursday. WuXi AppTec has put its cell…
Thousands in North Carolina Still Without Water Days After Helene’s Destruction
Oct. 2 By Karl Plume ASHEVILLE, North Carolina (Reuters) -Tens of thousands of North Carolina residents remained without running water on Wednesday, six days after Hurricane Helene slammed into Florida and carved a destructive path through much of the U.S. Southeast, killing more than 180…
Factbox-Companies Have Planned for US East Coast Ports Strike
Oct. 1 By Mike Scarcella (Reuters) -Some 45,000 union workers walked off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the nation’s presidential election. The International Longshoremen’s Association (ILA) union,…
Epic Games Accuses Samsung, Google of Scheme to Block App Rivals
Sept. 30 By Mike Scarcella (Reuters) – “Fortnite” video game maker Epic Games on Monday accused Alphabet’s Google and Samsung, the world’s largest Android phone manufacturer, of conspiring to protect Google’s Play store from competition. Epic filed a lawsuit in U.S. federal court in California…