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Papua New Guinea will “immediately” lift a ban on forest carbon credit schemes, the Pacific nation’s climate minister told AFP on Thursday, opening up its vast wilderness to offset global emissions.The island of New Guinea is cloaked in the world’s third-largest rainforest belt, helping the planet breathe by sucking in carbon dioxide gas and turning it into oxygen.Foreign companies have in recent years snapped up tracts of forest in an attempt to sell carbon credits, pledging to protect trees that would otherwise fall prey to logging or land clearing.But a string of mismanagement scandals forced Papua New Guinea to temporarily…

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Papua New Guinea will “immediately” lift a ban on forest carbon credit schemes, the Pacific nation’s climate minister told AFP on Thursday, opening up its vast wilderness to offset global emissions. Environment Minister Simo Kilepa told AFP that, with new safeguards now in place, this three-year moratorium would “be lifted immediately”. Source link

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Image source: Getty Images Alphabet (NASDAQ:GOOGL) stock is down 13.5% over one month. That’s not as bad as some of its peers, but the stock is down 25% from its highs. In other words, a £10,000 investment made one month ago would be worth £8,650 today. The pound is roughly flat against the dollar so there’s no need to account for currency fluctuations. What’s behind the sell-off? Alphabet, Google’s parent company, has faced a challenging year, with its stock plunging by 23.4%. The broader market sell-off has played a role. However, the decline has been exacerbated by Google’s struggles in…

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SK Hynix rebounds over 10% following tariff and AI demand newsSK Hynix shares were trading over 10% higher after U.S. President Donald Trump announced a pause on some of his “reciprocal tariffs,” and a report showed that the company has overtaken rival Samsung Electronics in an important market.The South Korean semiconductor company was among the best performers amid a broad-based jump in the Kospi index. Its competitor Samsung Electronics was up 5.8%. A report from Counterpoint Research on Wednesday said that SK Hynix, for the first time, overtook Samsung in the DRAM market according to its first-quarter revenue share. SK Hynix…

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Trump pauses so-called “reciprocal” tariffs for 90 days.NASDAQ Composite explodes 10% higher as Trump pauses severe bilateral tariffs.Trump administration keeps 10% worldwide tariff in place.S&P 500 and Dow Jones also spike above 7%.In one the most volatile sessions in living memory, the NASDAQ Composite spiked as much as 10% on Wednesday after US President Trump surprised everyone with a sudden 90-day pause on US tariffs. The tech-heavy index shot up as much as 10% to 16,752 from an intraday low of 15,270.Prior to the rally, the NASDAQ Composite had traded flat for part of the session. The Dow Jones Industrial…

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By Rae Wee SINGAPORE (Reuters) -Global stocks rallied, the dollar found its footing and a manic bond selloff stabilised on Thursday after U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries. Following a days-long market rout that erased trillions of dollars from global stocks and jolted U.S. Treasury bonds and the dollar, Trump on Wednesday announced a 90-day pause on many of his new tariffs in a shock reversal. The move sent Wall Street’s “Magnificent Seven” stocks surging again and tacking on more than $1.5 trillion in market value…

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Chaos over Trump’s tariffs — aka the global trade war — would be disastrous for shared and active transportation priorities, even if skyrocketing car prices do discourage some Americans from picking up that new Ford F-150, advocates say.Global markets cheered the news on Wednesday that President Trump had backed off some of his most disruptive economic policies, postponing reciprocal tariffs on most countries for the next 90 days. That delay, though, did not include China, on which the administration still plans to raise tariffs a whopping 125 percent — and it did not stop transportation reform advocates from wondering what news…

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Papua New Guinea will “immediately” lift a ban on forest carbon credit schemes, the Pacific nation’s climate minister told AFP on Thursday, opening up its vast wilderness to offset global emissions. Environment Minister Simo Kilepa told AFP that, with new safeguards now in place, this three-year moratorium would “be lifted immediately”. Source link

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