Updated

Honeywell company veteran Kapur to replace Adamczyk as CEO

(Reuters) -Honeywell International Inc said on Tuesday that Vimal Kapur, who has more than three decades of experience leading the diversified manufacturer’s various businesses, will succeed Darius Adamczyk as chief executive. The 57-year-old Kapur will take over the top role on June 1, roughly 10 months after he was appointed Honeywell’s president and chief operating …

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EU agrees on principles of new debt rules, but many details still open

By Jan Strupczewski BRUSSELS (Reuters) – European Union finance ministers agreed on Tuesday on broad principles of a reform of Europe’s fiscal rules to better accommodate investment and give more flexibility to cut debt for high-debt countries, but crucial details remain to be decided. Conclusions of a meeting of the EU’s 27 finance ministers on …

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Work set to resume at Simandou iron ore after Guinea, shareholders agree terms

(This March 13 story has been corrected to fix spelling of name in paragraph 13 and to clarify shareholding in paragraphs 10-12) CONAKRY (Reuters) – Guinean authorities and shareholders have agreed on the terms of a joint venture to mine Simandou, one of the world’s largest deposits of iron ore, paving the way for work …

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California copes with heavy rain, flooding in latest ‘atmospheric river’ storm

By Steve Gorman and Brendan O’Brien LOS ANGELES (Reuters) – Emergency officials in several California counties spent Friday patrolling levies and swollen rivers as an “atmospheric river” storm drenched the already-sodden state with torrential rains, causing floods that washed out roads and prompted evacuations. The latest deluge from dense streams of Pacific moisture sweeping California’s …

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Tech execs race to save startups from ‘extinction’ after SVB collapse

By Jeffrey Dastin, Anna Tong and Krystal Hu PALO ALTO, California (Reuters) – Technology executives, prominent venture capitalists and founders including OpenAI CEO Sam Altman raced this weekend to keep alive companies caught up in the collapse of Silicon Valley Bank. Friday’s dramatic failure of the bank, which focuses on tech startups, was the biggest …

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Eyeing China, Biden and allies unveil nuclear-powered submarine plan for Australia

By Steve Holland, Elizabeth Piper, David Brunnstrom and Lewis Jackson SAN DIEGO/CANBERRA (Reuters) -The United States, Australia and Britain on Monday unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China’s ambitions in the Indo-Pacific. Addressing a ceremony at the U.S. naval base in San Diego, …

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Trump wades into education culture war as he eyes race with DeSantis

By James Oliphant DAVENPORT, Iowa (Reuters) -Former President Donald Trump came to Iowa on Monday just days after Florida Governor Ron DeSantis visited the key early voting state and leaned into some of the culture-war battles that have propelled the political fortunes of his potential presidential rival. Speaking to a crowd in a Davenport, Iowa …

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