A Brazilian state was set to close a massive $180 million carbon credit deal, but now faces an escalating legal battle, accused of violating national laws and Indigenous rights, potentially ruining the project.Brazil’s Federal Prosecutor’s Office is seeking to nullify the 2024 contract, which sells 12 million carbon credits from Pará to companies like Amazon, Bayer, H&M Group and Walmart.Indigenous and Quilombola leaders voice concerns that the program could restrict their access to their land and interaction with nature, undermining inherent rights and deep spiritual connection to the rainforest.Widespread accusations over the failure of free, prior, and informed consent for…
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A prolonged conflict between Israel and Iran may do more than rattle energy markets. One argument on Wall Street is that it could push the Federal Reserve to cut interest rates sooner than expected. “A sustained rise in oil prices could cause the Fed to strike a more dovish tone,” Oxford Economics chief US economist Ryan Sweet wrote in a recent note to clients, arguing that an extended oil shock could dent demand and potentially spill over into an otherwise resilient labor market. That’s because, historically, sudden spikes in oil prices tend to cause only a temporary rise in inflation…
Conventional wisdom says that when stocks fall bonds (particularly Treasurys) will pick up the slack. During April’s tariff announcements, however, stocks tumbled as expected, but bond yields rose, meaning their prices fell and didn’t come to the rescue. For many investors (and some advisors) it felt like 2022 déjà vu when both stocks and bonds tanked by double digits amid high inflation and a series of Fed interest-rate hikes.Some clients may be fearful that bonds are no longer a reliable hedge against stock market volatility. I wouldn’t go that far, but now might be a good time to review the…
At the 2025 SMM (2nd) Global Renewable Metal Industry Chain Summit – Main Forum hosted by SMM Information & Technology Co., Ltd., Jane Xie, the Director of Sustainable Development Business at Shanghai Greenment Environmental Information Technology Co., Ltd., delivered a speech on the topic of “How ESG is Forging the Future of Metals.” The Impact of ESG on the Metals Industry ESG Accelerator | Investors ESG is no longer a ‘nice-to-have’ box to tick; it’s the fundamental license to operate and compete for the entire value chain. ESG Accelerator | Supply Chain Recycled Metals as an ESG Solution Challenges: Key…
As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNETWith each passing day, it seems like average 30-year mortgage rates could remain stuck near 6.8% for the rest of the year. Yet conflicting economic forces could push mortgage rates up or down in the coming months.Housing market experts say the same thing: The direction of mortgage rates depends on the economic impact of policies by the Trump administration and the projected pace of the interest rate cuts by the Federal Reserve.On Wednesday, the Fed plans to keep borrowing rates the same at its…
Meta Platforms and XGS Energy have announced a groundbreaking agreement to develop 150 MW of next-generation geothermal power in New Mexico. This project aims to supply clean, steady, and water-free electricity to Meta’s data center operations, while also feeding power into the PNM electric grid. Urvi Parekh, Global Head of Energy at Meta, said, “Advances in AI require continued energy to support infrastructure development. With next-generation geothermal technologies like XGS ready for scale, geothermal can be a major player in supporting the advancement of technologies like AI, as well as domestic data center development. We’re excited to partner with XGS…
Image source: Getty Images With the FTSE 100 trading close to record highs, some of the UK’s largest companies are starting to look quite expensive to me. As a long-term investor, I’m looking for stocks with the potential to beat the market over long periods. For me, that sometimes means following Warren Buffett’s example and buying shares in good businesses that are temporarily out of fashion. I reckon I’ve found two FTSE 100 stocks that could fit the bill perfectly. Quality at a bargain price? Sports fashion footwear retailer JD Sports Fashion (LSE: JD.) has seen its share price halve…
Image source: Getty Images The Lloyds (LSE: LLOY) share price is up nearly 40% in 2025 so far, making it one of the standout performers in the FTSE 100. After years of lagging behind, the UK’s biggest mortgage lender has bounced back. But I think long-term investors should look through the noise and see what prospects lie ahead in 2025 and beyond. Recent financials The company’s share price has been propelled to 76p each as I write on 17 June by a combination of solid financials, reduced uncertainty and a relatively robust economic outlook. Despite reporting a 20% drop in…
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that they are in a good position on interest rate policy but noted that there is now more uncertainty following the Iran-Israel conflict.Key takeaways”We should incorporate Euro appreciation into our monetary policy decision.””We need more agile pragmatism more than ever.””We need a common calendar for the European economy and financial integration following the Draghi report.””I fully support ECB President Christine Lagarde’s idea of global role of Euro.””We need deeper, more liquid, more integrated financial markets in Europe.”Market reactionEUR/USD edges slightly lower following these comments and was last seen…
Peak Design’s latest photo accessory is a carbon fiber tripod that’s available in short, standard, and tall sizes. I had an opportunity to try all three and am impressed by the upgrades. Source link