[ad_1] Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate, citing uncertainty around the potential impact of President Trump’s economic policies. Powell said the Trump administration is making policy changes in several areas, including trade, taxes, government spending, immigration and regulation, and added that the “net effect” of those changes are what will matter for the economy and the Fed’s interest rate policies.”While there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their likely effects remains high,” Powell said at a…
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[ad_1] Private sector investments remain the missing link in India’s growth. Latest estimates show private sector capital expenditure fell to a three-year low of 11.2 percent in 2023-24, below the pre-Covid average of 11.8 percent. Worryingly, analysts believe the downward trend will likely continue in the current fiscal, with capex potentially dropping below 11 percent of GDP. This is despite India Inc’s profitability touching near decadal highs. Crisil says corporate revenue growth will likely accelerate to 8 percent in 2025-26 on the back of higher volumes. At the same time, profitability is set to increase for the third successive year…
[ad_1] Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025.Brian Snyder | ReutersTesla’s stock has never had a stretch this red.For seven straight weeks, since Elon Musk went to Washington, D.C. to join the Trump administration, shares in his automaker have declined, closing on Friday at $270.48. It’s the longest such losing streak for Tesla in its 15 years as a public company.Tesla shares finished the week down more than 10% and at their lowest level since Nov. 5, Election Day, when they closed…
[ad_1] Western Australia-focused manganese developer Firebird Metals (ASX:FRB) has started testwork and produced its first lithium manganese iron phosphate (LMFP) batteries for electric vehicles (EVs).The company said in a Tuesday (March 4) press release that it is the first Australian company to achieve this milestone, adding that it is set to become a low-cost manganese-based cathode material business.”Manganese sulphate is a critical element within LMFP and our manganese processing knowledge and IP enables Firebird to drive significant value by co-precipitation,” said Firebird Managing Director Peter Allen.The company announced a strategic collaboration with Central South University in Changsha, the capital city…
[ad_1] (Reuters) -The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. Powell spoke at a volatile time, with stock markets and bond yields both declining in the wake of President Donald Trump’s whipsaw announcements of steep import tariffs on major trading partners Mexico and Canada, followed by delays in implementing them. Trump has also doubled tariffs on imports from China. MARKET REACTION:…
[ad_1] President Donald Trump’s shifting tariff policy has the stock market on pace for a down week, but some defensive stocks could still help investors see gains in their portfolios. Stocks extended their losses on Friday from the previous session, with the S & P 500 and Nasdaq Composite on pace for their biggest weekly declines since September. The latest sell-off comes on the heels of a weaker-than-expected February jobs report and continued uncertainty regarding U.S. trade with Canada, Mexico and China. The week’s multisession declines began Monday, when President Trump announced he would impose 25% tariffs on Tuesday on…
[ad_1] The Lower Thames Crossing (LTC) has outlined potential different private financing options available to bring the project forward, including a semi-private option that would see its total anticipated cost increase to £10.2bn. A decision on whether to grant a development consent order (DCO) application for the major road and tunnel scheme between Kent and Essex is still pending, with a deadline of 23 May for the government’s decision. Chancellor Rachel Reeves confirmed the UK government was actively exploring private finance options for the LTC scheme at the start of this year. In updates to the DCO application, the LTC…
[ad_1] Swedish data center operator EcoDataCenter has secured €450 million ($521 million) in new funding from its owner, Nordic investment firm Areim. EcoDataCenter will use the new capital to grow its operations. This includes building a new 150MW data center campus in Östersund, Sweden. The investment shows that more companies want sustainable data infrastructure. They are looking for greener solutions for their digital operations. A Major Step in Sustainable Data Center Growth The newly raised capital is part of Areim’s dedicated data center fund, the Areim DC Fund, which has now reached a total of €900 million ($977 million). The…
[ad_1] Swedish data center operator EcoDataCenter has secured €450 million ($521 million) in new funding from its owner, Nordic investment firm Areim. EcoDataCenter will use the new capital to grow its operations. This includes building a new 150MW data center campus in Östersund, Sweden. The investment shows that more companies want sustainable data infrastructure. They are looking for greener solutions for their digital operations. A Major Step in Sustainable Data Center Growth The newly raised capital is part of Areim’s dedicated data center fund, the Areim DC Fund, which has now reached a total of €900 million ($977 million). The…
[ad_1] Microsoft takes another significant step in its sustainability journey by partnering with Climate Impact Partners and Terra Natural Capital to support the Panna afforestation project in India’s Madhya Pradesh state. This initiative aims to plant up to 11.6 million native trees across 20,000 hectares, an area larger than Washington D.C., over the next 30 years. The project aims to cut 3 million tonnes of carbon dioxide (CO₂) from the air. Microsoft will buy 1.5 million tonnes of verified carbon removal credits, which is half of what the project will produce. Remarking on their big carbon removal initiative, Brian Marrs,…