Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
(Adds details on bifacial technology, statement from trade group, analyst comment)
June 12 (Reuters) - U.S. trade officials on Wednesday said bifacial solar panels, a new technology through which power is produced on both sides of a cell, would be excluded from the Trump administration's tariffs on overseas-made solar products.
The announcement was made in a U.S. Trade Representative document posted online and is scheduled to be published in the Federal Register on Thursday, it said.
It is the second time U.S. trade officials have announced exemptions to the tariffs, which were imposed in early 2018. The tariff on solar panel imports was set at 30% but has since dropped to 25%.
The USTR late last year excluded some of the products made overseas by SunPower Corp. On Wednesday, it excluded two other solar technologies and said it would not consider any additional exclusions.
The news was welcomed by the top solar industry trade group.
This a significant win," John Smirnow, vice president of market strategy for the Solar Energy Industries Association, said in a statement. "This exemption will accelerate the adoption of bifacial technology in the United States, which is still in a relatively early stage.
Bifacial technology is a small but growing part of the market for solar panels. They are capable of producing more power than traditional panels but are higher in cost.
Colin Smith, an analyst with Wood Mackenzie, said the exemption would help spur demand for the now tariff-free products and bring down the technology's cost.
"It's certainly going to make developers look into bifacials more closely," Smith said.
Several large Asian manufacturers, including Canadian Solar, LONGi, LG, Trina Solar and Yingli Solar, have some bifacial module production. (Reporting by Nichola Groom Editing by Chizu Nomiyama and Susan Thomas)