US banks set aside billions as buffer against bad loans

Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.

Consumer & Gadgets

Energy industry apps improve efficiency

A team of University of Houston researchers has developed a series of digital applications to make energy industry processes more efficient. Three innovative online calculators, the most recent being the UH Hydrocarbon Gas ...

Energy & Green Tech

Researchers develop more efficient method to recover heavy oil

The current global supply of crude oil is expected to meet demand through 2050, but there may be a few more drops to squeeze out. By making use of a previously undesired side effect in oil recovery, researchers have developed ...

Business

China's trade rises as economy recovers from virus slump

China's trade improved in June in a fresh sign the world's second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. ...

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