Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AP Møller-Maersk has warned that plans for a shipping emissions trading scheme intended to fix the price gap between fossil fuels and green energy would only encourage the sector’s use of LNG.The measures will be discussed at crunch talks held by the UN’s International Maritime Organization next month. Plans to place an economic cost on shipping pollution have split the industry into opposing camps, with some supporting a complex credit trading scheme over a flat levy on each tonne of emissions.The Danish…
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(Bloomberg) — Victor Khosla, the founder of Strategic Value Partners LLC, is looking to hire amid one of the most promising environments for opportunistic credit investors in the last 10 years. Most Read from Bloomberg “For investors like SVP, if you take out the first six months of Covid, there’s never been such a rich vein of opportunities over the last decade in an economy that’s not in a recession,” Khosla said in an interview. Debt markets are facing a “reckoning” after a period of complacency, he said in a separate Bloomberg Television interview on Monday. The money manager is…
Today the European Commission released the Steel and Metals Action Plan, part of the Clean Industrial Deal (CID) framework that the ICCT wrote about a few weeks ago. The automotive sector is a major consumer of steel in the European Union and steel is a primary contributor to the emissions of producing vehicles. Thus, the Steel and Metals Action Plan could substantially support the decarbonization of the automotive sector, and as we’ll outline here, it can serve as a lead market to support the transition of the steel sector. Certain aspects of the Plan warrant careful consideration. A recent ICCT…
Micha Pawlitzki | The Image Bank | Getty Images The nuclear industry is racing to launch advanced small reactors by the early 2030s, aiming to meet the deep-pocketed technology sector’s growing need for electricity to fuel artificial intelligence.The world has relied largely on the same pressurized-water reactor technology for the past 70 years, but those plants have proven incredibly expensive to build in the U.S. in the 21st century.The first new nuclear plant completed in decades, reactors 3 and 4 at Plant Vogtle in Georgia, infamously cost about $18 billion more than expected and opened seven years behind schedule. Each…
The metals industry is a subsector of basic materials. It includes companies that:Mine, process, or invest in the extraction of precious metals such as gold, silver, platinum, and palladium.Mine and process industrial metals such as copper, iron ore, and aluminum ore (bauxite).Convert raw metal materials such as iron ore into more valuable metal products such as steel.There’s a blurred line between this sector and mining. Some metals companies operate an integrated mining business, while others don’t. Keep reading for a closer look at this subgroup of the basic materials sector and some of the best metals stocks to invest in.…
As the Trump administration calls federal employees back into the office, U.S. DOT Secretary Sean Duffy will provide free parking at the agency’s headquarters in a dense corner of Washington, a policy that is known to encourage driving by employees who otherwise would take transit — and inflict more congestion, emissions, and traffic violence on surrounding communities.Previously, workers paid $155 a month to park at the U.S. DOT’s Southeast Washington offices — and spaces were prioritized for people with disabilities, as well as carpoolers and those who need cars to perform their job functions. Now, all of the spaces will…
Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, U.S., January 21, 2024. Mike Segar | ReutersPresident Donald Trump in an interview with NBC News on Saturday that he would not fire anyone involved in the Signal group chat where attack plans were inadvertently divulged to a journalist ahead of a military strike, and later added he “couldn’t care less” if automakers raised prices due to new tariffs.In the wide-ranging interview, Trump also discussed his commitment to annexing Greenland and reiterated that a military option was not…
Add another one to the board for USC. In a year when the Trojans have continued to emphasize keeping local talent home, they have added yet another piece to the group for 2026.High three-star defensive tackle Malik Brooks has committed to play for USC to become the 17th commitment in what continues to be the top-rated class in the cycle.Brooks was offered by defensive line coach Eric Henderson and head coach Lincoln Riley nearly a year ago, and now the Downey-St. Pius X-St. Matthias Academy standout junior is the 11th in-state commitment for the program in the 2026 class.The 6-foot-3,…
Marianne Plaisance, 33, and her boyfriend had been looking to buy a house in Montreal, Québec, Canada, for about two years. In 2022, Plaisance came across an online listing for a three-bedroom, two-bathroom condo located inside an old bank. The apartment was 3,500 square feet, split between the first floor and a basement.”The first time I saw the listing, I freaked out,” she tells CNBC Make It. “I knew it was meant for us, but I kept calm because, you know, the house market is a bit crazy.”When Plaisance first saw the property listing, she knew it would be the…
Revenue: EUR271.4 million, a decrease of 0.7% from 2023. EBIT: EUR216.3 million, an increase of 1.7% from 2023. FFO (Funds From Operations): EUR157.1 million, a decrease of 8.3% from 2023. Portfolio Occupancy Rate: Increased to 95.4%. Dividend Proposal: EUR1 per share. Cash Position: EUR212.4 million. LTB (Loan-to-Value): 39.2%. Net Initial Yield: 6.24%. EPRA Net Initial Yield: 5.84%, down from 5.91% in 2023. Tenant Sales Increase: 2.5% overall, with a 0.6% increase in footfall. Equity Ratio: 49.2%. APRA NTA (Net Tangible Assets): EUR29.02 per share, a decrease of 8.1%. Total Debt: EUR1.81 billion. Average Interest Rate: 2.76%. Interest Coverage: 4.4 times.…