U.S. Department of Agriculture (USDA) Deputy Secretary Xochitl Torres Small visited western Pennsylvania last week to announce a new $104 million investment in clean energy projects under the Rural Energy Source link
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(Bloomberg) — AirCarbon Exchange is closing its operations in Abu Dhabi after only one year of trading.Its clearing functions will be shifted to Singapore, where the company’s based, it said in a statement.ACX set up its Middle East outpost in Abu Dhabi Global Market in August 2021, and the first purchases were made on the platform a year ago.Investors and companies wanting to improve their environmental credentials could buy carbon credits on the bourse, which was touted as the world’s first fully-regulated carbon exchange.Abu Dhabi sovereign fund Mubadala Investment Co. bought a stake in ACX Abu Dhabi in November 2022,…
Last night (10 October), Tesla (NASDAQ: TSLA) held its highly anticipated robotaxi event. At the Hollywood event, CEO Elon Musk revealed the company’s plans for self-driving taxis. Should I rush to buy Tesla stock for my ISA now that we know what its plans are? Let’s discuss. Robotaxis are the future As a growth investor who’s looking to capitalise on long-term technological trends, I’m excited about robotaxis. Looking 10-20 years out, I reckon that they’re the future of mobility (they’re far safer than human-driven cars). Already, I have a large position in Alphabet – the owner of Waymo (which has…
By Samia Nakhoul, Parisa Hafezi and Pesha Magid DUBAI (Reuters) – Gulf states are lobbying Washington to stop Israel from attacking Iran’s oil sites because they are concerned their own oil facilities could come under fire from Tehran’s proxies if the conflict escalates, three Gulf sources told Reuters. As part of their attempts to avoid being caught in the crossfire, Gulf states including Saudi Arabia, the United Arab Emirates and Qatar are also refusing to let Israel fly over their airspace for any attack on Iran and have conveyed this to Washington, the three sources close to government circles said.…
Dividend investing is a tried-and-true strategy for building long-term wealth. It may not be as sexy as buying the hottest hyper-growth stocks or cutting-edge technology companies, but dividend stocks can be the tortoise that drives steady portfolio wealth when looking at a multi-decade period. And it does take time. For example, if you buy a dividend stock yielding 2% that grows its dividend per share by 6% per year, it will be yielding just 3.6% in 10 years. But if that same compounding occurs for 30 years, your initial investment will be yielding over 11% at the end of the…
Image source: Getty Images The J Sainsbury (LSE:SBRY) share price is down 4.5% on Friday (11 October). But this isn’t because of anything wrong with the underlying business. The reason is that its largest investor has made a significant sale at a discount to the stock’s previous level. So could this be an opportunity for investors looking to buy the stock? Discount selling Sainsbury’s largest shareholder is the Qatar Investment Authority (QIA). And the firm decided to dispose of 109m shares in the UK supermarket chain at a price of £2.80 each. That’s around 4% of the company’s outstanding share…
Danish biotech Zealand Pharma is targeting the “next generation” of weight loss drugs as competitors pile into a market dominated by heavyweights Novo Nordisk and Eli Lilly.CEO Adam Steensberg told CNBC Thursday that early-stage trials of its experimental obesity injection point to higher-quality weight loss — with reduced muscle loss and fewer side effects — versus traditional GLP-1 treatments. The company is now scouting for a global pharma firm to partner with, he added.”Our focus is really what’s needed in the 2030s, and it’s really about establishing, you can say, the next-generation molecules that are not based on GLP-1s,” Steensberg said.Last month,…
Investing.com – The U.S. dollar traded with small losses Friday, but remained on course for weekly gains as traders reassessed likely Federal Reserve rate cuts in the wake of the strong payrolls number. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 102.594. For the week, the index is on track for 0.4% advance, building on the previous week’s over 2% surge. PPI data up next The dollar has been in demand since last week’s strong report, with traders largely ruling out the chance of another…
Highlights • The Biden administration and the Commodity Futures Trading Commission (CFTC) have recently issued principles and guidance to enhance the credibility of voluntary carbon credits (VCCs) and the integrity of voluntary carbon markets (VCMs) • The administration underscored the importance of those directives with coordinated parallel civil and criminal proceedings by the CFTC, SEC and DOJ against a high-profile developer and marketer of VCCs • VCM participants, including developers, issuers, and marketers, need to mindful of the spotlight that is on the quality of carbon emission projects underlying VCCs and the potential risks posed by any related misconduct Companies…
Image source: Getty Images The FTSE 100 index hit a new all-time high this year. That does not mean, however, that every one of the shares in the blue-chip index has been doing well. Far from it, in fact. One has more than halved since the beginning of 2024. On paper that has pushed its dividend based on historical data up to over 9%. But that is indeed only on paper, as it has announced plans to suspend the shareholder payout for the foreseeable future. Clearly the firm is in trouble. But could this be the sort of recovery play…