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Canada will adjust counter-tariffs on steel and aluminum products on July 21 to levels “consistent” with progress made during trade negotiation with the United States, Prime Minister Mark Carney said Thursday. Source link
What if high interest rates weren’t a parenthesis, but the new normal? With many borrowers eagerly awaiting a drop in interest rates to finally take or refinance a mortgage loan, the US Federal Reserve (Fed) has just sent a clear message: there’s no rush.Despite signs of easing inflation, the central bank prefers to wait before further cutting rates. As a result, mortgage loan interest rates remain high, squeezing household purchasing power and freezing part of the housing market.Behind this apparently technical decision from the Fed lies a very concrete reality: the cost of borrowing remains high, monthly payments are weighing more…
Readers often send us their mutual fund portfolios and ask for help in decluttering them. That is reduced unnecessary funds. Since we do not offer investment advice, we can do the next best thing – offer some generic steps to DIY this decluttering process.The first step is to recognise clutter. I hold 8 funds. If I posted just that information in a personal finance forum and asked, ‘Is it too many?’, at least a few answers would say, ‘Yes. ‘ Someone might even advise me on the ideal number of funds a folio should have.However, the context is missing here. I can…
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TerraPower, the nuclear energy company founded by Bill Gates, has secured a major $650 million investment to advance its Natrium reactor. This funding round included support from Nvidia’s NVentures, Bill Gates, and HD Hyundai. It brings TerraPower’s private financing to over $1.4 billion. With $2 billion in federal support from the U.S. Department of Energy, the company now has more than $3.4 billion to speed up the design and building of its first commercial Natrium reactor. The plant is being built in Kemmerer, Wyoming, at the site of a retiring coal plant. The goal is to have it operational by…
Amazon just revealed its robotaxi plans! The retail giant is charging into the self-driving space through Zoox, its autonomous vehicle arm, aiming to produce up to 10,000 robotaxis annually at a massive new facility near Silicon Valley. This bold move is Amazon’s bid to challenge Waymo’s lead and join in reshaping future transportation. The new production plant, located in Hayward, California, spans 220,000 square feet — about the size of three and a half football fields. Zoox says this factory is the first of its kind in the U.S., built solely for the serial production of purpose-designed robotaxis. Before diving…
The USD/CHF remains flat near 0.8186 as the Juneteenth holiday keeps volumes light.SNB surprises with 25 bps cut to 0%, leaving it with the lowest rates among peers.10-year Swiss bond yield edges up to 0.3% on Middle East tensions and policy signals. The Swiss Franc (CHF) holds steady against the US Dollar (USD) on Thursday, showing muted price action as traders digest the Swiss National Bank’s (SNB) decision to cut its key policy rate by 25 basis points to 0%. With holiday-thinned liquidity due to the Juneteenth observance in the US , the USD/CHF pair remains broadly flat, lacking clear…
The European Central Bank (ECB) has released its third climate-related financial disclosure, marking steady progress toward its sustainability goals. This year’s report shows that carbon emissions from the ECB’s portfolios keep declining. It also adds a new feature: a metric that measures exposure to sectors linked to nature degradation. The update shows how the ECB is incorporating climate and nature risks into its financial and monetary policy. This aligns with EU climate neutrality goals and the Paris Agreement. Corporate Bond Portfolio Sees 38% Drop in Carbon Intensity The ECB’s €331 billion corporate bond portfolio has significantly reduced its carbon intensity…
Artificial Intelligence (AI) is becoming a central tool in the fight against climate change. From tracking deforestation to verifying carbon credits and forecasting climate risks, AI is being used to reshape how we understand and respond to environmental problems. This article showcases the top six companies using AI for climate, carbon, and nature-based solutions. Ranging from nimble startups to publicly traded innovators, these companies are using machine learning, geospatial data, and advanced AI analytics to bring speed, transparency, and accountability to environmental and climate action. Before getting to know each one of them, let’s unravel the reasons why AI is…