Massachusetts ratepayers to pay extra $512M for transmission line for Canadian hydropower

Massachusetts ratepayers to pay extra 2M for transmission line for Canadian hydropower

PORTLAND, Maine — Three Massachusetts utilities and Central Maine Power’s parent company have agreed that Massachusetts ratepayers must shoulder $512 million in additional costs caused by delays in construction of a power transmission project in Maine that will allow Canadian hydropower to reach the New England power grid. Proponents said Wednesday that the project aimed … Read more

HS2 Euston link funding announced in Budget

HS2 Euston link funding announced in Budget

PA Media HS2 construction at Euston was paused after funding for the link was put in doubt The government is “committing the funding required” to begin tunnelling work to bring HS2 to London Euston station, Chancellor Rachel Reeves has announced. Ms Reeves said in her Budget speech this would encourage private investment in the area. … Read more

Dynarex Baby powder recall expanded to 42K bottles over asbestos link

Dynarex Baby powder recall expanded to 42K bottles over asbestos link

The maker of a popular baby powder brand expanded a nationwide recall of the product to nearly 42,000 bottles due to the risk they are contaminated with cancer-causing asbestos, according to the US Food and Drug Administration. Dynarex Corporation, which sells medical supplies and personal care products, was expanding the recall had initially recalled about … Read more

Last GDP report before election shows economy grew less than expected

Last GDP report before election shows economy grew less than expected

The US economy grew slightly slower than expected in the third-quarter amid easing inflation and strong consumer spending. The Commerce Department’s Bureau of Economic Analysis released its advance estimate for third-quarter gross domestic product (GDP), which found the US economy grew at an annual rate of 2.8% in the third-quarter, which runs from July through September. Economists … Read more

Saudi startup Riyadh Air orders 60 Airbus A321neo planes

Saudi startup Riyadh Air orders 60 Airbus A321neo planes

PARIS — Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft, the European aerospace manufacturer said Wednesday. Riyadh Air plans to begin passenger flights next summer and has placed an order for 60 A321neo planes, the largest among Airbus’ best-selling A320neo family, the company said in a statement. The creation of Riyadh Air by … Read more

Firms to pay more than half of Budget tax rises

Firms to pay more than half of Budget tax rises

Getty Images More than half of the tax rises in the Budget will be paid for by businesses, with a hike in the amount employers pay in National Insurance to generate £25bn. Chancellor Rachel Reeves has decided firms will bear the brunt of her £40bn total tax rise by increasing the National Insurance rate as … Read more

David Ellison to fully control combined Paramount-Skydance after deal closes: filing

David Ellison to fully control combined Paramount-Skydance after deal closes: filing

David Ellison will fully control Paramount Global when it merges with his company, Skydance Media, according to a new regulatory filing. According to the amended Federal Communications Commission filing Tuesday, Ellison’s role will be chairman and CEO of new Paramount, combining the assets of Hollywood production company Skydance and Paramount, home to CBS, Showtime and … Read more