May 2 (Reuters) - U.S. investment management company Global Infrastructure Partners and Canada's pension fund CPP Investments are nearing a deal to buy clean energy company Allete ( ALE ), and a deal could be announced soon, a source familiar with the matter told Reuters. Reuters had reported in December that Allete ( ALE ), a power utility and energy...

* China's Xi makes first visit to Europe in five years * EU states differ on China strategy, weakening bloc's leverage * EU threatens tariffs on China EV vehicles, green tech * Paris, Brussels readier than Berlin to push back on subsidies * Xi's Serbia, Hungary trips seen as move to deepen EU rifts By Laurie Chen and Michel Rose...

(Reuters) - The success of ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say - and intensify missile arms races. Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S....

LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its...