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April 24 (Reuters) - The Democratic governor of ​Maine, Janet Mills, on Friday vetoed a bill that would have made it the first U.S. state to impose a moratorium on large new data ‌centers, even as local opposition to the electricity-hungry facilities grows.
The decision reflects the difficult trade-off facing political leaders, who must weigh the impact of data centers, opens new tab on the environment and household energy bills against the millions of dollars in investment and tax revenue they can bring.
If signed into law, the bill would have frozen approvals until October 2027 for data centers requiring more than ​20 megawatts of power while a state-appointed council analyzed their impact on the local grid, electricity bills, air and water.
Mills, in a letter to ​the Maine legislature, said she supports a temporary moratorium on data center projects - and would have signed the bill if ⁠it had included an exemption for a data center project underway in the town of Jay that is key to jobs and tax revenue.
"A moratorium is appropriate ​given the impacts of massive data centers in other states on the environment and on electricity rates. But the final version of this bill fails to allow ​for a specific project in the Town of Jay that enjoys strong local support from its host community and region," Mills said in a statement
The Androscoggin paper mill in the town shut down in 2023 after a boiler explosion, leading to hundreds of job losses.
Work to develop a $550 million data center, which reuses existing infrastructure that would not have had a major impact on the electric ​grid or energy bills, is expected to create more than 800 construction jobs and at least 100 high-paying permanent jobs, and would contribute property tax revenue ​to the town of Jay, Mills said.
Mills also said that she plans to issue an executive order establishing a council to examine the impact of data centers in Maine and ‌has signed ⁠a bill to prohibit data center projects from Maine's business development tax incentive programs.
American tech giants have pledged to spend more than $600 billion on artificial intelligence data centers this year as part of a spending spree that has boosted the U.S. economy and is considered the biggest since the telecom boom of the late 1990s.
But mounting opposition to that buildout has led more than a dozen U.S. states to weigh legislation that would halt or restrain development of ​the facilities, even as the Trump administration ​pressures states to stay out of ⁠AI regulation.
To ease worries about rising electricity bills, Washington last month got big technology companies to sign a voluntary pledge at the White House that they would bear the cost of new electricity generation to power their data centers.
Two Democratic lawmakers - ​Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez - have also introduced legislation to halt all construction on data centers until ​Congress passes AI safety ⁠legislation.
Maine lawmakers passed the bill against data centers last week, sponsored by Democratic state representative Melanie Sachs. The state was seen as a test case of whether such measures could be adopted in other places.
Limiting data center development would have, however, added to the economic pressure in a rural state already grappling with mill closures that have ⁠eroded one ​of its key industries.
Sachs said Mills' decision to veto the bill was "simply wrong".
While a veto might ​protect the proposed data center project in Jay, it poses significant potential consequences for all ratepayers, our electric grid, our environment and our shared energy future," Sachs said.
Virginia, one of the world's largest data ​center hubs, is among the U.S. states considering similar legislation.
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BOSTON, April 24 (Reuters) - A federal judge on Friday expanded the reach of restrictions stopping the Trump administration from forcing universities to turn over sweeping amounts ​of data so it can examine the schools' use of race as ‌an admissions factor.
Boston-based U.S. District Judge F. Dennis Saylor said, opens new tab the department could not require the data to be produced by dozens of universities nationally, including Harvard, Yale, Columbia ​University and other members of the Ivy League.
The U.S. Education Department ​had sought seven years of admissions data on the race ⁠and sex of students to track compliance with the U.S. Supreme Court's ​2023 ruling ending affirmative action in higher education.
Six academic groups including the Association ​of American Universities as well as several individual schools had intervened in a lawsuit by 17 states to secure the same type of relief that Saylor had granted to the states' ​public universities in an earlier April 3 ruling.
Saylor cited a failure to consider ​the Education Department's capacity to implement the "massive" data reporting requirement on a rushed timeline as ‌the ⁠Trump administration works to dismantle the agency.
The Education Department and a lawyer for the academic groups did not respond to requests for comment.
The department requested the data through an Integrated Postsecondary Education Data System survey that it created at ​the direction of ​President Donald Trump.
Trump ⁠had cited universities' "rampant use" of "hidden racial proxies."
The case is Commonwealth of Massachusetts v. U.S. Department of Education, U.S. District ​Court for the District of Massachusetts, No. 1:26-cv-11229.
For the Department of Education: Brittany Bruns of the U.S. Department of Justice
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April 24 (Reuters) - Pop artist Robert Indiana's former agent has won a $102 million verdict in Manhattan federal court against another ​entity it accused of exploiting Indiana during his final days, forging thousands of his ‌works and selling them for millions of dollars.
A jury found on Thursday that art publisher American Image Art and its founder Michael McKenzie must pay Morgan Art Foundation for interfering with its contracts and violating its rights ​in Indiana's works including his iconic "Love" image, according to a verdict sheet, opens new tab made public on Friday
American ​Image's trial attorney, Nicole Brenecki of Jodre Brenecki, said that McKenzie disagrees with ⁠the verdict and "will carefully evaluate his post-trial options."
This verdict restores trust to the Robert Indiana ​market," Morgan's attorney, Luke Nikas of Quinn Emanuel Urquhart & Sullivan, said in a statement on Friday. "We ​exposed these forgeries, held Michael McKenzie accountable, and protected the integrity of the artist’s legacy.”
Indiana was best known for his image of the letters L, O, V and E arranged in a square with the O tilted ​diagonally to the right, which he created in 1965 for a Christmas card by the ​Museum of Modern Art in Manhattan. The image appeared on a U.S. postage stamp in 1973.
Morgan Art Foundation, ‌which began ⁠working with Indiana in the 1990s, said in a 2018 lawsuit that the then-89-year-old Indiana had become isolated and bedridden since giving Jamie Thomas – whom he had allegedly hired to run errands around his Maine home – power of attorney, enabling American Image Art and McKenzie to profit at the ​artist's expense.
Indiana died the ​day after the ⁠lawsuit was filed.
The lawsuit accused Thomas of conspiring with McKenzie to sell forgeries of Indiana's art to galleries. Morgan's attorney said in a closing ​statement at trial on Wednesday that McKenzie had forged thousands of Indiana's ​works, according ⁠to a transcript.
Thomas could not immediately be reached for comment.
American Image denied the allegations and countersued Morgan in 2022, alleging it falsely claimed to own copyrights in Indiana's work. A Manhattan judge dismissed that ⁠case ​in 2024.
The case is Morgan Art Foundation Ltd v. McKenzie ​d/b/a American Image Art, U.S. District Court for the Southern District of New York, No. 1:18-cv-04438.
For Morgan: Luke Nikas of ​Quinn Emanuel Urquhart & Sullivan
For American Image: Nicole Brenecki of Jodre Brenecki
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WASHINGTON, April 27 (Reuters) - President Donald Trump's administration has terminated the entire National Science Board of more than 20 members, two fired ​members of the board said on Monday.
The ‌independent board was established in 1950 to guide the governance of the National Science Foundation and to advise the president and the Congress on policies ​about science and engineering
It included over 20 members appointed for ​six-year terms
Since taking office in early 2025, Trump has put ⁠pressure on independent institutions. Political experts say his administration is attempting to ​remake those bodies by installing loyalists in leadership positions and by ​removing independent and critical voices.
Board members were told on Friday they were being ousted effective immediately, members Yolanda Gil and Keivan Stassun, said in emailed statements.
Yes, ​all 22 current members of the National Science Board were terminated ​on Friday effective immediately. No reason was given," Gil, who works at the Information ‌Sciences ⁠Institute of the University of Southern California, said.
The majority of the board members were academics. It also had representation from national labs, non-profits and the industry, Gil told Reuters.
Seeing similar actions by the ​Administration across the federal ​government and ⁠especially with regards to scientific research, it seemed only a matter of time," Stassun, who works at ​Vanderbilt University, said.
Stassun, who said he was disappointed, ​also confirmed ⁠Gil's account that Friday's termination email did not provide any reason.
The National Science Foundation directed questions to the White House.
A White House official ⁠said ​authorities given to the board by Congress ​when the board was created may need updating. The National Science Foundation's work "continues uninterrupted," ​the official said.
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WASHINGTON, April 27 (Reuters) - A U.S. official said on ​Monday that President Donald Trump is ‌unhappy with an Iranian proposal because it did not address Iran's nuclear program.
Earlier in the day, Trump discussed ⁠the proposal with his top national ​security aides. The U.S.-Iran conflict remains in ​a stalemate with energy supplies from the region reduced.
He doesn't love ​the proposal," the U.S. official said, ​referring to Trump.
Work to bridge gaps ​between the ​U.S. ⁠and Iran has not halted, sources from mediator Pakistan have said.
Iranian sources earlier on Monday said the proposal would ​set aside discussion of Iran's nuclear ​program until the war has ended and disputes ‌over ⁠shipping from the Gulf are resolved. Washington has said nuclear issues must be dealt with from the outset.
Reporting by Steve Holland ​and Nandita Bose; Editing by Caitlin Webber
But ​hopes of reviving peace efforts ​have ⁠receded since Trump announced this weekend he had scrapped a visit by his special ⁠envoy ​Steve Witkoff and son-in-law Jared ​Kushner to Islamabad, the Pakistani capital.
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April 27 (Reuters) - Afghanistan is at risk of losing more than 25,000 female teachers and health workers by 2030 if the Taliban-led country's ​restrictions on girls' education and women's employment are not lifted, according ‌to a new UNICEF report released on Monday.
The Taliban has banned women from most public sector jobs and limited girls to receiving an education only until the age ​of 12.
These restrictions, according to the report, have already affected at ​least 1 million girls - a figure that is expected to ⁠double by 2030 if nothing changes. UNICEF called on the Taliban to ​lift the ban that it imposed after returning to political power in 2021.
UNICEF's "The ​Cost of Inaction on Girls' Education and Women’s Labour Force Participation in Afghanistan" report found a rapid decline in qualified women entering the teaching and healthcare sectors.
Up to 20,000 ​female teachers and 5,400 health workers could be lost by 2030, ​according to the report, which estimated that this figure is about 25% of Afghanistan's 2021 ‌workforce. ⁠As many as 9,600 health workers could be lost by 2035, it added.
Afghanistan cannot afford to lose future teachers, nurses, doctors, midwives, and social workers, who sustain essential services," UNICEF Executive Director Catherine Russell said. "This will ​be the reality if ​girls continue ⁠to be excluded from education."
Female healthcare workers are required to attend to female patients, and female teachers are preferred ​for girls in gender-disaggregated schools whenever possible, the report ​noted.
The growing ⁠decrease could have at least a AFN 5.3 billion ($84 million) annual economic impact on Afghanistan's economy, according to UNICEF, which added that this is the ⁠equivalent ​of about 0.5% of the country's gross domestic ​product.
Afghanistan's de facto authorities should safeguard skills training and allow women to participate in the ​labor market, UNICEF said.
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DUBAI/WASHINGTON, April 28 (Reuters) - U.S. President Donald Trump is unhappy with the latest Iranian proposal ​on resolving the two-month war, a U.S. official said, dampening hopes for a resolution to the conflict that has disrupted energy supplies, ‌fuelled inflation, and killed thousands.
Iran's latest proposal would set aside discussion of Iran's nuclear program until the war is ended and disputes over shipping from the Gulf are resolved.
That is unlikely to satisfy the U.S., which says nuclear issues must be dealt with from the outset, and Trump was unhappy with Iran's proposal for that reason, a U.S. official briefed ​on the president's Monday meeting with his advisers said, speaking on condition of anonymity.
White House spokeswoman Olivia Wales said the U.S. "will not negotiate ​through the press" and has "been clear about our red lines" as the Trump administration looks to end the war against ⁠Iran it began in February alongside Israel.
A previous agreement in 2015 between Iran and multiple other countries including the U.S. sharply curtailed Iran's nuclear program, ​which it has long maintained is for peaceful, civilian purposes. But that deal fell apart when Trump unilaterally withdrew from it in his first term in ​office.
Hopes of reviving peace efforts have receded since the U.S. president scrapped a visit planned for last weekend by his special envoy Steve Witkoff and son-in-law Jared Kushner to Islamabad, the Pakistani capital, where Iranian Foreign Minister Abbas Araqchi shuttled in and out twice during the weekend.
Araqchi also visited Oman and on Monday went to Russia, where he met President Vladimir Putin ​and received words of support from a longstanding ally.
With the warring sides still seemingly far apart, oil prices resumed their upward march, extending gains ​in early Asia trade on Tuesday.
For oil traders, it's not the rhetoric that matters any more, but the actual physical flow of crude oil through the Strait of Hormuz, ‌and right ⁠now, that flow remains constrained," Fawad Razaqzada, market analyst at City Index and FOREX.com, said in a note.
At least six tankers loaded with Iranian oil have been forced back to Iran by the U.S. blockade in recent days, ship-tracking data showed, underscoring the war's impact on traffic.
Iran's foreign ministry condemned U.S. seizures of Iran-linked tankers as "outright legalization of piracy and armed robbery on the high seas", in a social media post.
Between 125 and 140 ships usually crossed in and out ​of the strait daily before the war, ​but only seven have done ⁠so in the past day, according to Kpler ship-tracking data and satellite analysis from SynMax, and none of them were carrying oil bound for the global market.
With his approval ratings falling, Trump faces domestic pressure to end a war ​for which he has given the U.S. public shifting rationales.
Araqchi told reporters in Russia that Trump had requested negotiations ​because the U.S. has ⁠not achieved any of its objectives.
Senior Iranian officials, speaking on condition of anonymity, told Reuters the proposal carried by Araqchi to Islamabad over the weekend envisioned talks in stages, with the nuclear issue to be set aside at the start.
A first step would require ending the U.S.-Israeli war on Iran and providing guarantees that the ⁠U.S. cannot ​start it up again. Then negotiators would resolve the U.S. Navy's blockade of Iran's trade ​by sea and the fate of the Strait of Hormuz, which Iran aims to reopen under its control
Only then would talks look at other issues, including the longstanding dispute over Iran's nuclear program, ​with Iran still seeking some kind of U.S. acknowledgment of its right to enrich uranium.
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STOCKHOLM, April 27 (Reuters) - FIFA should scrap its peace prize ‌to avoid getting drawn into politics, Norwegian Football Association (NFF) President Lise Klaveness said on Monday, suggesting that the awarding of such prizes be left to the Nobel Institute in Oslo.
Led by Gianni Infantino, world ​soccer's governing body came under fire for awarding its inaugural peace prize to U.S. ​President Donald Trump in December at the draw for the 2026 World ⁠Cup.
The FIFA peace award was seen by many as a consolation prize for Trump, ​who has said on numerous occasions that he should be awarded the Nobel Peace Prize ​and whose country will co-host this year's World Cup with Canada and Mexico.
We (the NFF) want to see it (the FIFA peace prize) abolished. We don't think it's part of FIFA's mandate to give such a ​prize, we think we have a Nobel Institute that does that job independently already," ​Klaveness told an online press briefing.
We think it's important for football federations, confederations and also FIFA to ‌try ⁠to avoid situations where this arm's-length distance to state leaders is challenged, and these prizes will typically be very political if you don't have real good instruments and experience to make them independent, with juries and criteria et cetera.
That is full-time work, it's so ​sensitive, I think from ​a resource angle, ⁠from a mandate angle, but most importantly from a governance angle I think it should be avoided also in the future," she ​said.
The 45-year-old lawyer said the NFF board would be writing a ​letter saying ⁠it supported calls for an investigation into the awarding of the prize by non-profit organisation FairSquare, which has alleged that Infantino and FIFA may have breached their own ethical guidelines regarding political ⁠impartiality in ​awarding the prize.
There should be checks and balances ​on these issues and this complaint from FairSquare should be treated with a transparent timeline, and that the reasoning ​and the conclusion should be transparent," Klaveness said.
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April 27 (Reuters) - Chelsea manager Sonia Bompastor renewed calls for goal-line technology to be introduced in the ​Women’s Super League after replays showed striker ‌Sam Kerr should have been awarded a third goal in Sunday’s 4-1 win over Everton.
Australian Kerr was on ​a hat-trick when her header bounced ​onto the post and rolled over the ⁠line before being cleared by Everton goalkeeper Courtney ​Brosnan.
"I think it just shows again, we need ​to have the technology next season in this league,” Bompastor told reporters
We won the game by a three-goal ​difference so it didn’t create a lot ​of conversations, but if we had been in a ‌situation ⁠where the goal-difference at the end of the season would have been important, then this goal is something I would have been really ​upset about."
The ​Women's Super ⁠League did not immediately respond to a request for comment made outside normal ​UK business hours.
Kerr remains tied with ​Fran ⁠Kirby as Chelsea’s leading scorer in the WSL with 63 goals.
Chelsea, who are six points behind ⁠Manchester ​City with two games to ​play, travel to Leicester City next on Sunday.
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LONDON, April 23 (Reuters) - Eddie Jones saw every press conference as an opportunity, while Roy Hodgson could barely hide his disdain for journalists, and a fascinating insight into how coaches deal with the media has been shortlisted for the Sports Entertainment Book Of The Year.
On the Record & On the Ball - How Elite Coaches Master the Media", published ​by Fairfield Books is the work of Tim Percival, Communications Lead with the England Rugby team, and the product of his two decades working ‌in media relations in elite sport.
It is partly a handbook for coaches and players while also giving media professionals a different perspective on the people they spend their lives chasing and is packed with anecdotes from a range of sports and personalities.
It is partly a handbook for coaches and players while also giving media professionals a different perspective on the people they spend their lives chasing and is packed with anecdotes from a range of sports and personalities.
One of the reasons I wanted to write the book was to help coaches and the sports media understand each other better, as there can often be friction ​between them," Percival told Reuters in an interview.
"I think anyone with an interest in how top-level sport works should find it interesting. It offers a look behind ​the curtain, which people always find intriguing. I also believe it’s a very good book for journalism and communications students.”
If anyone recognised ⁠the psychological opportunity of a press conference, it was former England rugby coach Jones, who was a master of delivering a point he wanted to make, particularly if he ​wanted to bury another. Even the most cynical journalists loved him as he invariably provided colour
Percival saw the Australian up close and personal for nearly three years at England's RFU ​and quotes his former colleague in the book: "Around the world, apart from probably New Zealand, rugby is fighting for recognition, so I think the national coach has got a responsibility to be engaging," Jones said.
The approach often made for compelling viewing. “His media conferences could be absolutely brilliant and very entertaining to be part of,” adds Percival.
Jose Mourinho is another whose "antics" are widely covered in the book, including an explanation ​of how, in his Chelsea days, he had a special two-way relationship with The Sun newspaper, slipping them exclusive morsels but from his own agenda.
Former Australia netball coach Lisa ​Alexander is another who embraced the media. "The press conference is the fifth quarter, and your job doesn’t finish after a game until you go to bed that night," she said.
Almost everything they write about a captain is driven by results so I considered it irrelevant and ​wouldn't play their game," he said.
Atherton's approach ​seems somewhat ironic now he has ⁠become one of the world's most highly-regarded cricket journalists.
Percival thinks the number of interviews Premier League soccer managers are now obliged to do can be excessive, calling it a "treadmill of platitudes", but declines to blame media training for the routinely appalling "footballer-speak" interviews given by players.
The ​fear of saying something that becomes a negative headline makes them tighten up," he said. "It's also linguistic convergence - they learn what 'a ​football interview' sounds like, and ⁠they mimic it.
As the book title suggests, Percival has an intriguing section on the concept of "on/off the record" which, as he illustrates with a series of classic examples, means different things to different people ⁠in different ​places.
The current fashion for news organisations to tell readers they "understand" something is happening is merely their way of ​delivering information someone has given them "for background".
Why this has become so prevalent is anyone's guess and the practice has become so ludicrous that it is now not unusual for press officers to reply to queries by saying: "Off ​the record, we will not be commenting on this."As the book title suggests, Percival has an intriguing section on the concept of "on/off the record" which, as he illustrates with a series of classic examples, means different things to different people ⁠in different ​places.As the book title suggests, Percival has an intriguing section on the concept of "on/off the record" which, as he illustrates with a series of classic examples, means different things to different people ⁠in different ​places.
The winners of the 2026 Charles Tyrwhitt Sports Book Awards are announced on May 21.
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ROME, April 23 (Reuters) - U.S. director, actor, screenwriter and producer Maggie Gyllenhaal will head the main competition jury at ​this year's Venice Film Festival, organisers said on ‌Thursday.
Gyllenhaal's acting career has spanned more than three decades, including roles in the 2008 superhero film "The Dark Knight" and in ​the 2009 movie "Crazy Heart", for which she was ​nominated for an Academy Award as best supporting ⁠actress.
She made her directing debut in 2021 with the ​acclaimed drama "The Lost Daughter", which she also wrote, earning ​her the award for best screenplay at that year's Venice Film Festival.
"I am thrilled to accept the invitation to lead this ​year's Venice Film Festival jury," Gyllenhaal said in ​a statement
Venice has always supported truthful, singular voices and I am ‌honoured ⁠to play a part in continuing that brave and necessary tradition. I will not be standing in judgement, but in curiosity, admiration and excitement."
Festival director Alberto Barbera ​said Gyllenhaal had ​built a ⁠career based on both intelligence and courage.
Having her as the president of our ​jury means being able to rely on ​an authoritative ⁠and independent voice, animated by that authentic passion for arthouse cinema which has always represented the heart of ⁠the ​Festival," he said.
The 83rd Venice International ​Film Festival runs from September 2-12. The movies in competition are traditionally ​announced in July.
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BEIJING, April 26 (Reuters) - An American YouTuber is giving foreign visitors a first-hand look at the Chinese high-tech cars many U.S. consumers can only see ​online.
At the Beijing Auto Show, which opened on Friday, 34-year-old Ethan Robertson shepherded more than a dozen people from Australia, ‌New Zealand, the United Arab Emirates and elsewhere through sprawling halls packed with electric SUVs, pickup trucks and futuristic concept cars — offering an up-close look at the vehicles making China's auto industry increasingly hard to ignore
The North Carolina native is the co-founder of Wheelsboy, a YouTube channel specialising in Chinese cars for English-speaking audiences. For ​many on his tour, the appeal of the vehicles was obvious: low prices, advanced technology and plenty of variety.
At one booth, ​he showed off a luxury electric SUV from Stellantis (STLAM.MI), opens new tab-backed Leapmotor (9863.HK), opens new tab, which sports wide screens and a fridge in ⁠the back seat.
You're looking at a car that's maybe $30,000 and that car is fully equipped," he said. "Whereas $30,000 barely gets you into any electric vehicle ​or hybrid" in the United States.
That price difference is a big reason why his largely American audience reacts ​with a mix of fascination and frustration
Our comment section is full of people saying things like, 'I can't believe the government won't allow them to sell this car in my country,'" Robertson told Reuters.
One participant on the tour, New Zealand retiree John Cordell, was drawn to a shiny yellow Deepal S07 midsize crossover.
First of all, I ​was attracted to the color," the 77-year-old former heating and ventilation engineer, said. But it was more than the paintwork that won him over. ​He praised the interior, the heads-up display, the screens and the surround-view camera system.

His brother-in-law and his son accompanied him on the two-day, $399 per person tour.
Cordell ‌already owns ⁠a Chinese EV back home — a BYD Atto 3 — and said technology was a major selling point. "Everything is very well engineered," he said.
Andrew Pertsoulis, a 62-year-old retired performance coach from Sydney, said what stood out most was how futuristic the cars felt inside. "It's what separates them," he said. The large screens and tech-rich interiors made him feel like he had "stepped into a new generation of vehicle".
Robertson, who lives in ​China, said the perception of Chinese ​cars among U.S. viewers has ⁠changed in the six years he has been covering the industry. While the cars were seen as low-quality copycats early on, that's given way to recognition that many brands are now pushing the industry forward in ​areas such as battery performance, software and charging speeds.
Robertson, who started studying Chinese as an undergraduate, said ​he still sometimes gets ⁠accused of working for Chinese companies or the government because of positive coverage on his channel, which has 210,000 subscribers. He doesn't work for either, he said.
Lei Xing is the American co-host of the China EVs & More podcast. Even for him, ⁠China's industry - with ​more than 100 automakers - is huge and complex. "I get lost," Lei said.
More Americans are starting to follow the industry more closely.
While Lei doesn't ​expect Chinese brands to enter the U.S. market quickly, due to hostile politics, he expects the cars will eventually reach American shores.
It's a matter of time," Lei said. "I know in ​my life I'm going to be able to buy a Chinese EV."
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MOSCOW, April 24 (Reuters) - New European Union sanctions will ban condensate imports from Yamal LNG and other Russian projects that ​produce the light fuel as a byproduct of ‌their liquefied natural gas production from January 1, 2027, according to the EU's official journal.
The European Union on Thursday formally approved a ​90-billion-euro ($105 billion) loan to Ukraine and new sanctions against Russia ​ahead of an informal summit of the bloc's leaders ⁠in Cyprus.
The EU is tightening sanctions against Russia ​over the war in Ukraine as U.S.-brokered peace talks have ​been paused, with Washington's focus on the war in Iran.
The EU has banned Russia's oil imports since December 2022 and subsequently introduced a ​price cap for Russian oil.
The bloc has almost fully ​ended Russian coal, crude oil and fuels imports. In 2021, it ‌imported ⁠43% of its fuels from Russia and 25% of its crude oil supply.
Russia produces gas condensate, a type of light oil, at its two LNG-producing projects: Yamal LNG ​and Arctic LNG-2.
The ​Yamal LNG ⁠plant in the Arctic exported 1.12 million tons of gas condensate to Rotterdam in ​the Netherlands in 2024, up 16.3% from ​2023.
Last year, ⁠the supplies rose by 7.4% to 1.2 million tons.
Gas condensate is used as feedstock for production of petrochemical products ⁠as ​well as motor fuel.
The EU initially ​excluded gas condensates from sanctions in 2022, citing the need to ensure ​security of LNG supplies.
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CAIRO, April 26 (Reuters) - Analysts have shaved their forecasts for Egyptian economic growth in a Reuters poll for this year and next as the Iran war drives up energy prices and puts ​pressure on inflation.
Gross domestic product growth will be 4.6% in the year to June, 4.6% next year ‌and 5.5% in 2027/28, according to the median estimate of 12 economists surveyed April 8-23.
In a January poll, before the war broke out, economists had predicted growth of 4.9%, thinking reforms taken under an International Monetary Fund (IMF) programme two years earlier were bearing fruit faster than
We ​expect energy prices to remain high in the coming quarters, even after the normalisation of flows through ​the Strait of Hormuz. It will fuel inflationary pressure in Egypt," said Pascal Devaux of BNP ⁠Paribas
In this context, we expect a slowdown in activity in Egypt, but not a sharp drop."
Growth slumped to 2.4% ​in 2023/24 but rebounded after March 2024 when Egypt sharply devalued its currency and raised interest rates as part of ​an $8 billion IMF financial support package.
The central bank, citing the Iran war, this month revised down its year-on-year GDP growth forecast for fiscal 2025/26 to 4.9% from the 5.1% it had predicted in February.
Last week the IMF likewise chopped its projected growth to 4.2% in calendar 2026 from ​an earlier estimate of 4.7%.
In addition to raising energy prices, the war could also hurt tourism in Egypt, slow the ​flow of remittances from Egyptians working in the Gulf and reduce tolls from ships passing through the Suez Canal
The poll forecast inflation ‌would average ⁠13.5% in 2025/26, 12.00% in 2026/27 and 9.0% in 2027/28. Economists had put inflation at 11.6%, 9.1% and 8.2% in the last poll.
Egypt's annual urban consumer inflation increased to a faster-than-expected ​15.2% in March from 13.4% ​in February, according to the ⁠state statistics agency CAPMAS.
The Iran conflict is seen pushing the central bank to slow an easing cycle of its overnight interest rates begun a year ago.
Analysts forecast the lending rate ​to still be 20.00% by end-June, then slip to 17.0% by end-June next year ​and 13.25% end-June ⁠2028. Analysts in the January survey had expected a 200 basis point cut by January and another 500-point cut by June 2027.
The central bank cut its benchmark rate five times in 2025 and yet once again in February for a cumulative drop ⁠of 825 ​basis points.
Contributors expected the Egyptian pound to inch weaker to 51.58 to ​the U.S. dollar by end-June 2026 from its current 51.06 pounds. It is expected to be 51.50 by end-June 2027 and 51.85 at the end ​of June 2028.
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HOUSTON, April 24 (Reuters) - Top oilfield services companies SLB (SLB.N), opens new tab and ​Baker Hughes (BKR.O), opens new tab said on Friday they expect higher spending on oil exploration and production, as tighter global supplies driven by ‌the Middle East conflict highlight the need for investment, particularly in North America.
The U.S.-Israeli war with Iran has halted 20% of the world's oil that usually flows through the now-closed Strait of Hormuz and shut in 9 million barrels a day of oil production, causing Asian and European countries to scramble for supplies. It has also ​focused attention on energy security and the need for supply diversity.
There is a growing need for increased upstream investment to expand ​global production capacity and ensure we can meet rising demand," Lorenzo Simonelli, CEO of Baker Hughes, said in ⁠a post-earnings conference call, adding he sees a potential acceleration of investment decisions for liquefied natural gas projects in North America.
Many countries will ​likely prioritize supply diversification and invest in exploration once the conflict subsides, SLB CEO Olivier Le Peuch said, adding he expects increased investment in ​projects in North America and Latin America, including in deepwater offshore markets.
SLB expects oil prices to trade at higher levels after the war than before it, Le Peuch said.
Oilfield services firms provide equipment, services and labor to companies that explore and produce oil and gas.
SLB's revenue from the Middle East and ​Asia dropped 10% in the first quarter to $2.69 billion, hurt by disruptions due to Qatar declaring force majeure on gas exports, as well as production ​constraints and security concerns in Iraq and offshore operations across the region.
The company expects the conflict to hit second-quarter earnings by 6 to 8 cents per ‌share sequentially, ⁠with revenue from international markets offsetting some of the impact.
Baker Hughes' revenue declined 19% to $1.15 billion in the region in the quarter. The Middle East is both companies' biggest market and accounted for over a third of their quarterly revenue.
Baker Hughes shares climbed to $68.61, the highest since 2007. SLB shares climbed to $56.55, the highest since 2023.
Halliburton (HAL.N), opens new tab, which reported results earlier this week, said Middle East revenue fell 12.7%, hurt by lower activity ​in Saudi Arabia and reduced drilling-related ​services in Qatar. It warned ⁠disruptions caused by the Iran war and the strait's closure could cut current-quarter earnings per share by 7 to 9 cents. Rerouting supplies has increased logistics costs and raw material prices, it said.
However, analysts expect post-war ​repairs to energy-linked infrastructure to generate demand for the sector. Rystad Energy has projected as much as $58 ​billion in repair ⁠costs.
We anticipate seasonal recoveries around the world and a resurgence of activity in the Middle East as the conflict winds down. 2027 and 2028 are expected to be strong years of growth given the change in oil market fundamentals due to the Middle East conflict," said James West, an analyst ⁠at Melius ​Research.
SLB's net income fell 5.6% to $752 million during the quarter, while adjusted net income ​attributable to Baker Hughes rose 12% to $573 million.
Reporting by Vallari Srivastava, Arunima Kumar and Pooja Menon in Bengaluru, Arathy Somasekhar in Houston, Editing by Sriraj Kalluvila, Nathan Crooks, Rod Nickel
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April 25 (Reuters) - French President Emmanuel Macron reiterated on Saturday that he was focused on efforts to reopen the Strait of Hormuz, a day after the head ​of TotalEnergies (TTEF.PA), opens new tab warned of global energy shortages if the Iran war ‌continues for months.
Macron, speaking at a news conference in Athens alongside Greek Prime Minister Kyriakos Mitsotakis, said panic caused by geopolitical uncertainty can in itself lead to shortages.
Our goal ​is to achieve a full reopening in the coming days and ​weeks, in accordance with international law, guaranteeing freedom of navigation without ⁠tolls on the Strait of Hormuz. Then things can gradually return to ​normal," Macron said.
TotalEnergies (TTEF.PA), opens new tab CEO Patrick Pouyanne pressed on Friday for the reopening of ​the strait, through which about a fifth of the globe's oil and gas supply normally flows.
Movement through the strait, which is also a key transport route for goods including fertilisers ​and pharmaceuticals, has been choked due to the U.S.-Israeli war with Iran, as Iran ​has seized container ships and the United States has mounted a blockade on Iranian ports.
"If ‌it ⁠lasts two, three months more, we are entering in a world of scarcity of energy, which Asian countries have already suffered," Pouyanne told the World Policy Conference in Chantilly, outside Paris. "You cannot have 20% of the oil and gas ​of the planet ​being stranded and ⁠not accessible without major consequences."
More than a dozen countries have said they are willing to join an international mission led by ​France and Britain to protect shipping in the strait ​when conditions ⁠permit, even as U.S. President Donald Trump has said he does not need allies' help.
We're all in the same boat, and it's not a boat we chose, ⁠if ​I may say. We're victims of geopolitics and ​we're victims of this war that started several months ago," Macron said on Saturday.
Reporting by Makini Brice ​in Paris; additional reporting by Claude Chendjou in Paris; Editing by Susan Fenton
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MOSCOW, April 26 (Reuters) - Russian Defence Minister Andrei Belousov has arrived in North Korea, Russia's defence ministry ​said on Sunday, the second senior Russian ‌official to visit Pyongyang in recent days.
Earlier, North Korean state media KCNA reported that Russia's State Duma ​Chairman Vyacheslav Volodin had also arrived in ​Pyongyang and will attend the opening ceremony ⁠of a newly built memorial for North Korean ​troops who died fighting in the Ukraine war.
Belousov ​is due to hold talks with North Korea's top leadership and senior military officials and will take part ​in "ceremonial and commemorative events," the Russian defence ​ministry said.
Separately, Russian President Vladimir Putin sent a telegram ‌to ⁠North Korean leader Kim Jong Un to mark the opening of the memorial, the Kremlin said.
Putin thanked Kim and North Korean soldiers for ​helping Russia ​repel a ⁠major Ukrainian incursion into its western Kursk region and said he was ​confident the two countries would continue ​to ⁠strengthen their strategic partnership.
Kim and Putin met in June 2024 and signed a comprehensive strategic treaty ⁠that ​includes a mutual defence pact. ​The two countries have rapidly developed diplomatic and military ties ​since 2023.
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WASHINGTON, April 23 (Reuters) - The National Transportation Safety Board said Thursday a key runway safety system failed to ​activate before a March 22 fatal collision between an Air Canada Express ‌jet and a fire truck that killed two pilots.
The NTSB also said in its preliminary report that red runway entrance lights that indicate when it is not safe to cross a runway were ​on until about three seconds before the time of the collision. The ​NTSB said the system is designed to turn the lights off ⁠about 2 to 3 seconds before the airplane reaches each intersection.
The Express CRJ-900 ​regional jet touched down roughly 2 seconds before the collision and was at 104 ​mph at the time of the crash.
The NTSB is leading the investigation into the fatal collision of the CRJ-900 jet operated by Air Canada's regional partner Jazz Aviation. The crash sent 39 ​of the 76 passengers and crew to hospital, including six with serious injuries.
The ​airport's ground surveillance system did not generate an alert warning of the proximity of vehicles to the ‌runway ⁠and the fire truck that collided with the jet lacked a transponder that would have transmitted its location to air traffic control.
The turret operator in the truck involved in the collision recalled hearing the words "stop stop stop" (on the tower frequency) radio, ​but he did not ​know who that ⁠transmission was intended for and then heard "Truck 1 stop stop stop" and realized it was for their vehicle and subsequently ​noticed that they had entered the runway, the NTSB said.
The ​NTSB said ⁠the local controller who was handling the Air Canada plane had about 18 years of experience and the ground controller who was also the controller-in-charge had about 19 years ⁠of ​experience, and was responsible handling aircraft that were taxiing.
The ​Federal Aviation Administration has encouraged airports to equip fire trucks with transponders because it makes the vehicles' ​movements easier to track at busy airports.
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WASHINGTON, April 24 (Reuters) - Castelion, a small California defense startup, has won a $105 million U.S. Navy contract to ready ‌its Blackbeard hypersonic missile for use aboard the Navy's carrier-based F/A-18 fighter jets, clearing the way for the weapon to move from the laboratory toward the battlefield next year.
The award matters because the United States is expending the kinds of weapons it ​would need to stop China from seizing Taiwan by force. Unlike a ballistic missile fired from land, ​Blackbeard can be carried aboard a Navy aircraft carrier and launched from an F/A-18 — ⁠a jet flying off a carrier deck — putting the weapon within striking range of Chinese missile sites and ​warships that a land-based weapon could not easily reach.
Because Blackbeard travels faster than five times the speed of ​sound and is designed to be cheap enough to buy in large numbers, the United States could use it to make a Chinese military commander think twice before ordering an attack.
The most sacred targets in our engineering process are schedule and affordability. ​That forces more creative solutions - instead of waiting 52 weeks for a space-rated computer, we use automotive-grade components ​backed by tens of billions in commercial investment annually, and they work," Sean Pitt, Castelion's co-founder and chief operating officer, told ‌Reuters.
The ⁠Navy contract will fund hardware and software integration of Blackbeard onto the F/A-18, flight testing, and the full system safety and airworthiness certification the military requires before a weapon can be cleared for storage, loading and carriage from an aircraft carrier at sea — the last major hurdle before the Navy decides whether to buy Blackbeard in ​volume for the carrier air ​wing. Castelion expects to ⁠clear that hurdle and have weapons ready for fielding next year.
To support anticipated production orders, Castelion has privately funded Project Ranger, a manufacturing campus being built entirely ​with company money at a cost the company puts at $250 million. The company already ​operates facilities ⁠across Texas, California and Washington, and when fully operational the New Mexico campus will be capable of producing thousands of Blackbeard missiles annually, with that capacity expected to be in place by the end of next year.
Pentagon budget documents ⁠released ​this week show the Navy plans to buy 4,500 air-launched hypersonic ​missiles for F/A-18E/Fs over the next five years, with an average unit cost of about $384,000 — a relatively low figure for hypersonic-class weapons.
Castelion's contract ​award was posted to the government's awards database on Friday.
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SEOUL, April 25 (Reuters) - The speaker of Russia's parliament, a close ally of President Vladimir ​Putin, arrived in North Korea on ‌Saturday to attend an event to commemorate Pyongyang's deployment of troops to help Moscow in ​the Ukraine conflict, Tass news ​agency reported.
Vyacheslav Volodin, speaker of Russia's Duma, ⁠was welcomed by Jo Yong-won, Russian ​news agency Tass said. Jo is North ​Korean leader Kim Jong Un's close political confidant and the head of the Supreme People's Assembly.Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
North Korea ​has sent an estimated 14,000 troops ​to fight with Russian forces against Ukraine. More ‌than ⁠6,000 of them have been killed, according to South Korean, Ukrainian and Western officials.
North Korea is expected to hold a ceremony to ​mark the "liberation ​of Kursk" ⁠a year after Moscow declared the region had been recaptured ​from Ukraine.
North Korea's Kim and ​Putin ⁠met in June 2024 and signed a comprehensive strategic treaty that includes a mutual ⁠defence ​pact. The two countries ​had rapidly developed diplomatic and military ties since 2023.
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