[ad_1] Petrobras and the Brazilian Development Bank (BNDES) have launched ProFloresta+, a large-scale reforestation and carbon credit program aimed at restoring 50,000 hectares of degraded Amazon land.This initiative is expected to capture 15 million tons of carbon dioxide (CO2), equivalent to the annual emissions of nearly 9 million gasoline-powered cars, according to a company statement by Petrobras on Monday.With an investment of $77 million (R$450 million), ProFloresta+ will generate 4,500 jobs and marks Brazil’s first large-scale carbon restoration transaction with transparent pricing and public contracts.Its initial phase includes purchasing 5 million carbon credits to support reforestation across 15,000 hectares.This initiative…
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[ad_1] Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesHowmet Aerospace, which supplies parts for planes built by Airbus and Boeing, may halt some shipments if they are impacted by tariffs announced by President Donald Trump, according to a letter seen by Reuters.Pittsburgh-based Howmet said in the letter to customers that it has declared a force majeure event, a legal practice that allows parties to a contract to avoid their obligations if hit by unavoidable and unpredictable external circumstances.”Howmet will be excused from supplying any products or services that are impacted by this declared national emergency and/or the tariff…
[ad_1] One share I have been eyeing as for possible inclusion my ISA for some time is chipmaker Nvidia (NASDAQ: NVDA), but the high price of the stock has put me off. However, the share price has now come down by 24% since the start of the year. So, is this the sort of opportunity I have been waiting for to add Nvidia to my portfolio? Here’s why it’s been falling A share does not lose almost a quarter of its value in three months for no good reason – and so it is with Nvidia. Some investors were already…
[ad_1] The stock market continued its collapse Friday as the Nasdaq fell into a bear market amid the fallout from President Donald Trump’s hefty “Liberation Day” tariffs. China matched the U.S. by imposing 34% retaliatory tariffs on U.S. imports. Amid the market turmoil, Trump called on Jerome Powell to cut interest rates, but the Fed chief dampened hopes for an imminent cut. The stock market continued to plummet Friday following the worst single-day sell off since 2020 on Thursday after President Donald Trump’s “Liberation Day” tariffs sparked fear of a global trade war that could lead the U.S. into a…
[ad_1] Image source: Getty Images With the likes of Diageo, Tesco, and Unilever, the UK has some great dividend stocks. But I think there might also be some outstanding opportunities outside the FTSE 100. Renew Holdings (LSE:RNWH) is a collection of businesses that maintain the UK’s water, electricity, and rail infrastructure. And I think there’s an awful lot to like about the stock. Infrastructure Renew’s operations involve maintaining, replacing, and upgrading, things like rail tracks, transmission lines, and water pipes. And there are a lot of attractions to being in this industry. The UK’s infrastructure is critical to it functioning.…
[ad_1] Image source: Getty Images Many holdings in investors’ Stocks and Shares ISA portfolios will have dropped significantly last week. I know mine did! There was hardly anywhere to hide, with FTSE 100 banks and US tech stocks getting hit equally hard. Admittedly, it might seem more like a time to run for the hills rather than invest further money into a falling market. However, some stocks are starting to look extremely attractive for long-term investors like myself. Here are two I see right now. Amazon The first stock is Amazon (NASDAQ: AMZN). As I type, shares of the e-commerce…
[ad_1] Image source: Getty Images UK shares have largely performed well over the last six months when looking at the FTSE 100. The UK’s flagship index has delivered close to a 5% total return compared to the 3% loss from the US S&P 500 over the same period. Yet, not all British businesses are having a great time. Three examples of FTSE stocks that have taken a hit lately are: Ocado Group – down 25% JD Sports Fashion – down 54% Vistry (LSE:VTY) – down 56% Needless to say, these losses aren’t pleasant for shareholders. But sometimes, stocks that take…
[ad_1] Image source: Getty Images Jet2 (LSE:JET2) stock just keeps getting cheaper, driven by broader macroeconomic concerns as Trump’s tariffs sink markets. With £2.3bn in net cash and a market cap around £2.5bn, the company is looking exceedingly cheap. In fact, I believe this could be the cheapest UK stock. The Trump impact Jet2 has been underappreciated for some time. However, the stock has also been swept up in the broad sell-off. The share price is now down 5% over the week and 10% over the month. Jet2 isn’t directly exposed to the tariffs, but it could face secondary pressures…
[ad_1] The SpaceX logo is shown on a Falcon 9 rocket as it is prepared for launch to carry NASA’s SpaceX Crew-8 astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, and Roscosmos cosmonaut Alexander Grebenkin to the International Space Station at the Kennedy Space Center, in Cape Canaveral, Florida, U.S., March 2, 2024.Joe Skipper | ReutersElon Musk’s SpaceX, United Launch Alliance and Jeff Bezos’ Blue Origin on Friday won U.S. Space Force rocket launch contracts worth a combined $13.5 billion through 2029 to send some of the Pentagon’s most sensitive and complex satellites into space.The Space Force’s flagship National Security Space Launch procurement program will assign roughly 54 missions through 2029 in…
[ad_1] It turns out there’s a reason Federal Reserve Chair Jerome Powell always wears a purple tie at his press conferences. “At the beginning, the only significance was that I liked purple ties,” Powell quipped during a moderated Q&A interview on Friday. “But I will say, for the next press conference, I reached for a blue tie or a red tie, and [went], ‘Maybe not, you know?'” Powell said the importance of Fed independence served as a key catalyst for his color selection. Historically, “red” is a color most often associated with Republicans while “blue” is associated with Democrats. “We…