Saudi Arabia, a country heavily reliant on oil revenues, launched its first carbon credit exchange platform on November 12 during the United Nations Climate Change Conference (COP29) in Baku. This initiative is led by Saudi Arabia’s RVCMC (Regional Voluntary Carbon Market Company) as part of its strategy to develop a voluntary carbon market. RVCMC, primarily controlled by Saudi Arabia’s Public Investment Fund (PIF), aims to build a market infrastructure that will accelerate financial flows towards essential climate projects. RVCMC’s CEO, Riham ElGizy, highlighted the importance of a solid and integrated infrastructure to facilitate private sector participation in carbon credit trading.…
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Qualcomm recently reported earnings and shared thoughts about its upcoming legal fight with Arm Holdings. Source link
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Governor Christopher Waller said on Tuesday that he believes the private sector should lead when it comes to payment sector innovations. “I hold the view that it is generally the private sector that can most reliably and efficiently provide goods and services to the economy. And I apply this view to the payments ecosystem,” Waller said in the text of a speech prepared for delivery before The Clearing House Annual Conference 2024, held in New York. Waller asked, “what is the fundamental market inefficiency that would be solved by government…
Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone. Gilaxia | E+ | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are increasingly bypassing private equity funds and buying stakes in private companies directly, according to a new survey.Half of family offices plan to do “direct deals” — or invest in a private company without a private equity fund — over the next…
(Bloomberg) — A rally that drove stocks to a series of all-time highs struggled to gain much traction, with traders awaiting key inflation data and more clues on Donald Trump’s transition to presidency. Most Read from Bloomberg Equities wavered after the S&P 500’s biggest five-day run in a year. Following sizable post-election gains, small caps lost some ground. Bitcoin fell after a record-breaking surge that took the digital asset close to $90,000. The dollar headed toward its highest since November 2022. Treasury yields climbed as investors prepared for data to show a slight pickup in consumer prices. The post-election advance…
Much-awaited guidance on global carbon markets has emerged from early talks at COP29. Some hail it an early win, but others say it is too hasty. Article 6 of the 2015 Paris Agreement laid out the ways countries could trade carbon emissions, offering two methods. Article 6.2 allows countries to engage in their own carbon transfer agreements, while Article 6.4 supports trading mediated by the UN. But for years negotiations on how they can be implemented have gummed up adoption. COP29’s earliest activity has seen some key details of Article 6.4 now confirmed. Negotiators have agreed on standards for carbon…
Delegates at the ongoing UN Climate Change Conference (COP29) achieved an important breakthrough on the first day of the event in Baku, Azerbaijan, reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, key for advancing the establishment and growth of a global carbon market. The consensus will help develop and approve methodologies for cutting carbon usage, establish a market-based system for carbon credits, register activities, and accredit third-party verification bodies. COP29 President Mukhtar Babayev said: “This will be a game-changing tool to direct resources to the developing world. Following years of stalemate,…
Image source: Getty Images During the first quarter of 2020, Covid-19 was starting to get serious. The escalations related to pandemic lockdowns caused a stock market crash during February and March that year. At that time, the extent of the drop caused some long-term investors to snap up FTSE stocks. So if I had done the same in April 2020, here’s what I’d have now. Assessing the return I’m going to assume that I invested £5k in the iShares Core FTSE 100 (LSE:ISF) at the start of April 2020. The index tracker is the largest in the UK, with net…
HUNTSVILLE, Ala.–(BUSINESS WIRE)–ADTRAN Holdings, Inc. (NASDAQ: ADTN; FSE: QH9), announced today that Company representatives will meet with investors at the 18th Annual Needham Virtual Security, Networking, & Communications Conference on November 19, 2024. ADTRAN representatives will discuss company performance and current industry trends that may affect the market and ADTRAN’s business. What: 18th Annual Needham Virtual Security, Networking, & Communications ConferenceWhen: November 19, 2024Where: Virtual Conference The matters discussed at this conference may include certain forward-looking statements that represent the Company’s expectations or beliefs and reflect management’s best judgment based on factors currently known. These statements by their nature involve…
The Honeywell International sign sits outside of the company’s former global headquarters in Morristown, New Jersey.Daniel Barry | Bloomberg | Getty ImagesActivist investor Elliott Management has a $5 billion-plus stake in Honeywell, and it is pushing the industrial conglomerate to break itself up into two companies.Elliott believes that Honeywell should divide itself along its two primary business lines — Aerospace, which supplies engines and avionics to the military and commercial users, and Automation, which is a supplier of sensors and control systems to industrial users.Elliott managing partner Jesse Cohn and partner Marc Steinberg wrote in a Monday letter that “the conglomerate structure that once suited Honeywell…