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Ecuador restores power after substation explosion

Electricity was restored across Ecuador on Tuesday after an explosion at a power substation triggered outages in several provinces, the government said.Environment and Energy Minister Juan Carlos Blum said in a post on X that power had been fully restored nationwide.Earlier, Ecuador's national powe…

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China Resources New Energy, Asia's biggest IPO this year, to debut July 2

China Resources New Energy (001248.SZ) will start trading in Shenzhen on July 2 after an initial public offering that could raise up to 24.5 billion yuan ($3.6 billion), setting up the city's biggest IPO on record and Asia's largest listing so far this year.The debut gives China's stock market a bl…

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FDA allows Philip Morris to market Zyn as less harmful than cigarettes

The U.S. Food and Drug Administration said on Tuesday it would allow Philip Morris NYSE:PM to market its Zyn nicotine pouches as less harmful than cigarettes.The agency allowed the company to market 20 variants of Zyn products with the claim that "using ZYN instead of cigarettes puts you at a lower…

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