Critical Raw Materials (CRM) like lithium, nickel, cobalt, copper, manganese, graphite and rare earth elements are crucial for renewable energy technologies like solar panels, wind turbines and for battery production, driving the global shift to electrification. Yet with surging demand, geopolitical uncertainties affecting supply, and significant environmental and social impacts linked to CRM extraction and use, all five United Nations Regional Commissions and international experts have called at COP28 for international coordination and urgent action to ensure that massive CRM expansion does not undermine sustainable development. UNECE Executive Secretary Tatiana Molcean highlighted: “Delivering the decarbonization needed for the Paris Agreement…
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Boeing said Monday it made a “best and final offer” to striking union machinists that includes bigger raises and larger bonuses than a proposed contract that was overwhelmingly rejected.The company said the offer includes pay raises of 30% over four years, up from the rejected 25% raises.The new offer — and labeling it a final one — demonstrates Boeing’s eagerness to end the strike by about 33,000 machinists that began Sept. 13. The company introduced rolling furloughs of non-unionized employees last week to cut costs during the strike.The strikers face their own financial pressure to return to work. They received…
(Reuters) -Stellantis said on Monday it has begun a search for a candidate to succeed CEO Carlos Tavares, whose contract is set to expire in 2026. The automaker, however, added there was still a possibility of Tavares staying on longer. Tavares has been under pressure to correct the automaker’s struggling North American operations, with record falls in sales and profit that have sent the company’s share price tumbling. Tavares, who is an avid race car driver, was named top boss in 2021 and has been a part of several automakers including Renault (EPA:), PSA and Nissan (OTC:). Chrysler-parent Stellantis (NYSE:)’…
Authors: Erin Leonard and Maggie MonastWith more than 80 times the warming power of carbon dioxide over the first 20 years after its release, methane is one of the most potent greenhouse gasses. One major contributor to global methane is livestock operations — 32% of methane emissions from human activity come from livestock and animal agriculture.The good news is that methane’s massive warming potential also creates an opportunity for a big and rapid impact if we can mitigate those emissions. To avoid the worst effects of climate change, we need to rapidly lower livestock methane emissions, a process that requires…
In a year marked by significant volatility, XOS Inc. has seen its shares tumble to a 52-week low, with the stock price touching $4.62. The electric vehicle company, which specializes in commercial vehicles, has faced a challenging market environment, contributing to a stark 1-year change with a decline of -55.28%. Investors have shown concern over the company’s performance amidst a broader industry downturn, which has seen many EV-related stocks retreat from their previous highs. The 52-week low represents a critical juncture for XOS as it navigates through the headwinds of supply chain issues and competitive pressures. In other recent news,…
Eleven new companies have joined the Rise Ahead Pledge, bringing the total number of signatories to 24, collectively addressing the $1.1 trillion funding need in social innovation.A new report emphasizes the importance of using advanced technologies like AI for social innovation, highlighting it as one of the key avenues for collaboration between companies and social innovators under the pledge.By January 2025, pledge signatories will quantify their investments in social innovation, underscoring their commitment to measurable impact and long-term value creation.What happens when 24 companies decide to take a stance on social innovation? You get a growing movement steadily reshaping how…
Apollo has offered to invest up to $5 billion, while Qualcomm is eyeing a takeover Source link
Image source: Getty Images Premium content from Motley Fool Share Advisor UK Our monthly Ice Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios. “Best Buys Now” Pick #1: BAE Systems (LSE: BA.) BAE Systems as well as the entire European defence shares has been consolidated for 6 months while the tailwind to increased defence expenditures amid rising geopolitical strife will continue for several years. U.S. Army has awarded BAE a $440 million contract in September to produce additional Bradley…
Shares of Trump Media & Technology Group (DJT) dropped more than 6% on Monday to trade at their lowest level since the social media company went public in March. The moves come after DJT’s lockup period officially expired last week.Stakeholders, including former President Donald Trump, were subject to a six-month lockup period before being able to sell or transfer shares. That lockup period expired last Thursday, although Trump has said he would not sell his stake.“I have absolutely no intention of selling,” the former president told reporters at a press conference prior to the lockup period expiration. “I love it.…
WALLA WALLA, Wash.–(BUSINESS WIRE)–Newsweek again named Banner (NASDAQ:) Bank one the World’s Most Trustworthy Companies, ranking Banner fifth among all banks on the 2024 list and the highest-ranked U.S. bank. Newsweek states their list recognizes companies that have earned the confidence of consumers, investors and employees by producing quality products, paying employees fair wages and appointing effective leaders.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923619849/en/Banner Bank is highest-ranking U.S. Bank on Newsweek’s 2024 list of World’s Most Trustworthy Companies. (Photo: Business Wire)We always appreciate earning independent third-party recognition for doing right by our stakeholders, said Mark Grescovich,…