Ukraine, in the midst of war, continues to play an active role in the fight against greenhouse gas emissions.The Climate Innovation Vouchers program, set up by the European Bank for Reconstruction and Development (EBRD) with the support of the European Union (EU), finances Ukrainian companies developing innovative industrial technologies.These initiatives focus on optimizing industrial processes while contributing to decarbonization.Two companies, Pipes.one and Carbominer, are benefiting from this support to develop concrete solutions for the construction and agricultural sectors.The Ukrainian industrial sector is thus positioning itself for resilience in times of crisis, while strengthening its ability to reduce production costs and…
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(Bloomberg) — PT Barito Renewables Energy shares plunged by the daily limit for a second day after FTSE Russell said it would exclude the company from its indexes.Most Read from BloombergThe shares fell 20% on Monday, bringing its two-day loss to nearly 36%. The index compiler said last week that the Indonesian power company will be deleted from its gauges on Tuesday after being added on Monday, citing “high shareholder concentration.”FTSE’s unusual decision is the latest twist for the group, whose shares have been on a wild ride since it went public late last year. The gauge operator in June…
Pause to Think: Using Mental Models to Learn and Decide. 2024. Jaime Lester. Columbia Business School Publishing. Pause to Think offers a perfect balance of light and serious reading. It is direct, delightful, and articulate in suggesting specific ways to improve approaches to anything we attempt to do. The author presents mental models in accessible, entertaining ways that prove both memorable and immediately useful. Jaime Lester is a hedge fund industry veteran and an adjunct professor at Columbia Business School. He has divided this powerful book into two sections — Part I: Important Concepts and Part II: Important Frameworks —…
Nach den Rekordhochs bleiben die Aussichten für die Aktienmärkte gut – so die überwiegende Meinung. Kurzzeitige Rücksetzer seien aber immer wieder möglich. 23. September 2024. FRANKFURT (Börse Frankfurt). Dass die US-Notenbank am Mittwoch die Leitzinsen um 50 und nicht nur 25 Basispunkte gesenkt hat, befeuert zunächst die Märkte. Am Donnerstag kletterten Dow Jones, S&P 500 und auch der DAX auf neue Allzeithochs. Nur der Nasdaq 100 ist von seinem Rekordhoch aus dem Juli noch ein ganzes Stück entfernt. „Die Zinswende in den USA wurde mit einer kleinen Verzögerung gebührend gefeiert“, kommentiert Christian Henke von IG. „Immer mehr Investoren sind überzeugt, dass der…
Image source: Getty Images Interest rate cuts can affect markets in unexpected ways. To keep my portfolio stable, I’m considering the best shares to buy to prepare for volatility After the US cut interest rates by 50bps last week, all eyes are on the Bank of England (BoE). In August, it made the first rate cut of the year, at 25bps. Brokers and financial institutions expect at least one more rate cut this November, taking it down to 4.75%, with four more cuts down to 3.75% throughout 2025. The US’s leading tech index, the Nasdaq, is up 1.8% since the…
Google announced today a new agreement with carbon removal company Mombak for the purchase of 50,000 carbon credits generated through Mombak’s reforestation projects in the Brazilian Amazon. The agreement marks Google’s first-ever purchase of nature-based carbon credits, and follows a commitment announced in March by the company to contract for at least $35 million of carbon removal credits over the next 12 months, and the announcement by the company earlier this month of another deal for 100,000 tons of Direct Air Capture-based credits at a landmark $100/ton price. Google also recently formed part of the launch of the Symbiosis Coalition, alongside tech…
Intel, once the global leader in chip manufacturing, has seen its shares decline by nearly 60 per cent since the start of 2024. (Photo: Shutterstock)2 min read Last Updated : Sep 23 2024 | 9:22 AM IST Apollo Global Management has proposed a $5 billion investment in Intel, indicating confidence in the chipmaker’s turnaround strategy, according to a Bloomberg report on Monday. Intel executives are currently considering Apollo’s proposal, which could be structured as an equity investment, the report added. The discussions are ongoing, and no agreement has been finalised. This development follows recent reports that San Diego-based Qualcomm…
(Reuters) -Alaska Airlines said on Monday that it experienced an IT outage that caused significant disruption to its operations, including delayed flights. Alaska issued a ground stop in Seattle, it said in a statement to Reuters, adding that the issue has been resolved but it expects some residual impact to operations. The ground stop was for arrivals in Seattle and lasted for about 2 hours, the airlines said. On Sunday night, the airline on its X account confirmed there had been an outage as multiple users complained they were facing issues accessing its website and app. “This was not a…
LONDON — The British pound has jumped to its highest level in two-and-a-half years following a hawkish rate hold from the Bank of England, but strategists warn the upcoming U.K. budget could pose a risk to investor and consumer sentiment.Many investors are awaiting the new Labour government’s fiscal plan at the end of October before making longer-term calls on the U.K. economy and assets, with Prime Minister Keir Starmer warning decisions lie ahead that will be “painful” for the public to shoulder.Labour, meanwhile, kicks off its annual party conference on Monday, its first in power for 15 years, as its…
(Bloomberg) — Gold touched a record high ahead of US data that may offer clues on whether the Federal Reserve’s 50-basis-point rate reduction last week will be the first in a series of aggressive cuts.Most Read from BloombergBullion rose as much as 0.4% to hit $2,631.13 an ounce, beating the previous all-time high posted Friday. Traders are weighing the outlook for rates ahead of a batch of crucial economic data — including the US personal consumption expenditures gauge and jobless claims — due later in the week.Fed Governor Christopher Waller said on Friday he’d likely back quarter-point cuts at each…