Vietnam plans to launch its carbon credit market on a trial basis from 2025 to 2028, without permitting sales to foreign entities while it builds out its infrastructure and allows companies to adapt.According to a report in Vietnam+, the country is accelerating the development of its carbon market, setting emission quotas for the power, iron and steel, and cement sectors starting in 2025. This move aims to help these industries address the challenges posed by the EU’s Carbon Border Adjustment Mechanism (CBAM) while also refining regulations related to the implementation of Article 6.The 2025-28 pilot program was discussed at a…
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Investing.com — Shares of GSK plc (OTC:) (LON:) jumped on Thursday after the company said that it has reached settlements regarding about 80,000 lawsuits related to its Zantac product in the United States. At 3:46 am (0746 GMT), GSK was trading 6.6% higher at £1,554.23. The company has agreed to resolve 93% of the product liability cases pending in U.S. state courts for a total payment of up to $2.2 billion. This comes as GSK continues to face litigation over claims that Zantac may be linked to cancer, although the company maintains that there is no reliable scientific evidence supporting…
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity.A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one.As a result, these cabins are often booked by big-time business travelers, or the well heeled, including — to borrow a movie title — crazy rich Asians.A Singapore-to-London economy class ticket on Singapore’s flag carrier, booked about six months in advance, costs 1,700 Singapore dollars ($1,303.68) for a round trip. A business class ticket jumps to…
(Reuters) -Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio said they will not be involved with activist investor Starboard Value, which reportedly wants the U.S. drug giant to make changes to turn its performance around.”We have decided not to be involved in the efforts of Starboard Value regarding Pfizer,” the executives said in a statement on Wednesday, which was issued by Guggenheim Partners, an advisor to Pfizer.”We are fully supportive of Pfizer Chairman & CEO Albert Bourla, senior management and the board, and we are confident that over time they will deliver shareholder value.”Sources had earlier told Reuters that…
Image source: Getty Images Whenever I see a FTSE stock with a dividend yield above 10%, I always have a look at it in detail. In my eyes, you can find sustainable income paying shares with yields up to 10%. But when it goes above that, things become a little more murky. So when I saw a 29% yield, naturally I wanted to see what the story is. Why the yield’s so high The stock I’m referring to is the Regional REIT (LSE:RGL). The real estate investment trust specialises in offering exposure to the regional commercial property. The portfolio currently…
Investing.com – European stock markets traded in a lackluster fashion Thursday, with investors wary ahead of the release of key US inflation data. At 03:05 ET (07:05 GMT), the in Germany traded 0.1% lower, the in France fell 0.2%, while the in the U.K. climbed 0.2%. European markets look to US inflation, China European traders have traded in a cautious manner Thursday ahead of the release of U.S. data later in the day, as this report could influence Fed rate cut expectations. Last week’s hot number saw traders scale back expectations of more outsized interest rate cuts from the Federal…
Image source: Getty Images US shares have outperformed their UK counterparts over the last few years. But the threat of an economic slowdown has investors and analysts concerned about the S&P 500. High valuations combined with signs of a possible recession make investing in US stocks a challenge at the moment. So could the FTSE 100 have some better opportunities? Recession worries US stocks are trading at unusually high valuations at the moment. And as JP Morgan analysts have been pointing out, future returns haven’t been strong when this has happened before. Source: J.P. Morgan Guide to the Markets Q4…
ABU DHABI (Reuters) – Qatar is planning initiatives to boost private sector growth in the Gulf state, including writing off some loans to Qatari companies made during the COVID-19 pandemic, state media reported late on Wednesday. The Cabinet has called for the preparation and implementation of a package of initiatives to increase private sector participation in the national economy, the Qatar News Agency reported, based on directives from Emir Sheikh Tamim bin Hamad Al Thani. The initiatives are intended to offer support to private companies struggling to recover from the pandemic and strengthen the private sector as part of government…
By Lewis Krauskopf and Saqib Iqbal AhmedNEW YORK (Reuters) – A tight U.S. presidential race is leading some investors to brace for an unclear or contested election result that could trip up this year’s booming stock market rally.With less than a month before the election, polls and prediction markets show Democrat Kamala Harris and Republican Donald Trump in a virtual dead heat. Harris led Trump by a marginal 46% to 43% in a Reuters/Ipsos poll released on Tuesday, a tighter race than the same poll showed a couple weeks earlier.Given Trump’s efforts to overturn his loss to President Joe Biden…
Hennessey has once again pushed boundaries, this time pitting its powerful Escalade V against a Lamborghini Huracán Evo. The Hennessey H1000 version of the Cadillac Escalade V is already an over-the-top luxury SUV, but now, it boasts an incredible 1,005 bhp and 883 lb-ft of torque. Curious to see how it would perform against a Lamborghini, Hennessey put the two vehicles to the test, with some surprising results. Hennessey Escalade V vs. Huracán Evo The Hennessey Escalade V is unlike any other SUV. Despite its size and weight, it can go from 0 to 60 mph in just 3.6 seconds.…