Kenneth Newcombe, a carbon-offsetting pioneer, is accused of a 100-million-dollar fraud scheme that could see him sentenced to 20 years in jail. The businessman previously sat on the board of the industry’s largest regulator, and the charges have led to a wider fallout and questions about oversight. In theory, everyone was a winner.C-Quest Capital gave families in countries like Malawi and India energy-efficient stoves, reducing the amount of carbon going into the atmosphere. In return, the organisation was able to sell ‘carbon credits’ to companies like Shell and BP, helping them meet environmental goals by offsetting their own emissions with savings…
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The 2025 BMW 2-series Gran Coupe, entering its second generation, seeks to improve upon the mixed reception of its predecessor, which debuted for the 2020 model year. The original model’s bulbous shape and front-wheel-drive configuration received criticism, and its pricing made it less appealing compared to the rear-wheel-drive 2-series coupe and the more spacious X1 crossover. While the new Gran Coupe still faces a pricing challenge, it boasts a more attractive design, which is a significant step forward. In terms of aesthetics, the 2025 2-series Gran Coupe aligns more closely with BMW’s larger models, particularly the redesigned 5-series. While the…
By Tom Westbrook SYDNEY (Reuters) – Australian dollar debt sales, running at the fastest clip on record, are starting to hit the brakes as capital markets hunker down for the U.S. election, according to bankers in Sydney. Some A$267.6 billion ($180.4 billion) has been raised in the debt market over the year to Oct. 8, the largest figure on Dealogic records stretching back to 1995, as pandemic-era borrowing has been refinanced into hot investor demand. Financial institutions have sold A$95.6 billion in debt – a record for the year-to-date, as is the A$61.4 billion in asset or mortgage-backed debt. Total…
(Bloomberg) — JPMorgan Chase & Co. sold $8 billion of US investment-grade corporate bonds on Tuesday after posting earnings on Friday, setting the stage for a potential flood of issuance from top Wall Street banks.Most Read from BloombergThe biggest lender in the US by assets sold the bonds in four parts, according to a person with knowledge of the matter. Earlier discussions with investors were for a size between $6 billion and $7 billion, according to separate people familiar with the matter. The bank raked in about $34 billion in orders, allowing it to increase the final deal size.The longest…
The modern Ford Bronco successfully channels nostalgia through its retro design, making it a prime candidate for various special editions. Following the release of the vibrant Bronco Free Wheeling package, Ford has introduced another tribute to its heritage: the 2025 Ford Bronco Stroppe Edition. This particular edition honors Bill Stroppe, a prominent figure in the 1960s and ’70s known for modifying factory-built Broncos for competitive off-road racing, including the Baja 1000, where a Stroppe-modified Bronco achieved a historic win in 1969 as the only stock 4×4 to do so. The Stroppe Edition is crafted to catch the eye, featuring a…
Chinese e-commerce company Alibaba has invested heavily in its fast-growing international business as growth slows for its China-focused Taobao and Tmall business.Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese e-commerce giant Alibaba’s international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT.That’s based on an assessment of Alibaba International’s new model, Marco MT, by translation benchmark framework Flores, the Chinese company said.Alibaba’s fast-growing international unit released the AI translation product as an update to one unveiled about a year ago, which it says…
Rudi Klein’s Los Angeles junkyard stands out as a remarkable collection site for automotive enthusiasts, boasting a unique array of rare and historically significant vehicles. After decades of gathering these treasures, Klein’s collection is now set to be auctioned off by RM Sotheby’s. This junkyard, often overlooked as a source of high-value automobiles, is about to become a hotspot for collectors eager to acquire pieces of automotive heritage. The variety within the collection is impressive, featuring an extensive lineup of vintage cars, particularly from prestigious brands such as Porsche and Ferrari. The yard is brimming with numerous Porsches, including models…
Image source: Getty Images The FTSE 100 leading share index is up 7% in 2024. It’s risen as the appetite for blue-chip stocks has reignited following years of underperformance. I’ve long felt that Footsie stocks have looked cheap on an historical basis. And investors are now piling into the index in the quest for bargains. It’s a trend I expect to continue in 2025. I also plan to keep shopping for FTSE 100 stocks. Some of my purchases in the year to date include Aviva, Legal & General, Ashtead and Coca-Cola HBC. But there are some companies I’ll continue avoiding…
Domestically, India’s economic structure is characterised by a mix of agriculture, industry and services. The services sector, including information technology, telecommunications, and financial services, is a major driver of growth, contributing over 50% of GDP. Agriculture remains crucial, employing a significant portion of the workforce and ensuring food security. Much of India’s untapped potential lies in its demographic dividend, yet just 36%2 of India’s population lives in urban areas despite having the largest young population in the world. Both economic growth and urbanisation will be driven by India’s ability to incorporate this cohort – as well as more women –…
Earlier this year, Porsche introduced the 992.2-generation 911, showcasing the base Carrera model and the GTS equipped with an innovative T-Hybrid powertrain. The 911 lineup is extensive and varied, akin to a deep NFL roster, indicating that even more 992.2 variants are on the horizon. The first GT model from this generation is scheduled to make its appearance on Friday, October 18, at 12:30 p.m. ET, generating anticipation among car enthusiasts. To build excitement for the upcoming reveal, Porsche has shared a teaser image highlighting the side profile of the new 911, which is partially hidden in shadows. This photograph…