[ad_1] This month, on 11 June, the chancellor Rachel Reeves will set out the spending plans for all government departments for the years ahead. The much-anticipated spending review will confirm departmental budgets – including capital budgets – for the current financial year and, critically, detail spending limits for the rest of this parliament. The announcement will be a particularly significant moment for construction, revealing which departments are going to have resources to spend on new buildings and infrastructure in the years ahead. However, just as important as the basic numbers on capital spend will be the 10-year infrastructure strategy that the…
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[ad_1] One major benefit of tokenizing carbon credits is that it can help bring more people into the climate fight. [ad_2] Source link
[ad_1] Image source: Getty Images What I look for in a stock investment is a business with a strong competitive position and the ability to generate free cash. And the FTSE 100 has a number of outstanding dividend shares that fit the bill. Two that stand out to me are Admiral (LSE:ADM) and Croda International (LSE:CRDA). Both are terrific businesses, but should they be on my list of stocks to buy in June? Admiral Admiral is – in my view – the top class player in the field when it comes to UK insurance. Over the last 10 years, it…
[ad_1] European Commission President Ursula von der Leyen, as well as her climate chiefs Wopke Hoekstra and Teresa Ribera, have promised a proposal to cut 90 percent of the EU’s greenhouse gas emissions by 2040. But many governments pushed back at those plans. As a result, Hoekstra delayed the legislation to explore options giving governments more leeway. Last week, he told EU countries that his proposal, now expected on July 2, would let them use international carbon credits to help meet the goal. Germany, France and Poland are among the countries backing the approach. The scientists are having none of…
[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The EU’s climate advisory board has said the bloc should not use international carbon credits to count towards its climate targets, arguing that it would undermine domestic efforts to cut emissions.The advice published on Monday recommends that the EU should aim to cut greenhouse gas emissions by 90-95 per cent by 2040 compared with 1990 levels when it presents a climate goal early next month.“There is no doubt that we have to reduce emissions very significantly, very rapidly,” said Ottmar Edenhofer,…
[ad_1] Some high yield market participants claim the days of +1,000-basis-point (bps) spreads are behind us. Citing improved credit quality, aggressive Fed intervention, and a persistent shortage of supply, they argue that future recessions will not push high yield spreads to the extremes seen in 2020 or in prior downturns. But a closer, data-driven examination reveals that these arguments are overstated or flawed. In fact, conditions remain firmly in place for spreads to breach +1,000 bps again in the next recession, making it a mistake to dismiss that possibility too easily. During the most recent US recession, the risk premium…
[ad_1] Current mortgage interest rates for today, June 2, 2025, are higher on the long term and unchanged on the short term. According to Zillow data, the average 30-year fixed mortgage rate rose by four basis points to 6.81%, while the 15-year fixed interest rate remained unchanged at 6.02%. This weekend, there was more turmoil in the world’s hot spots. Ukraine launched a drone attack deep inside Russia, destroying dozens of Moscow’s long-range bombers. Meanwhile, a U.S.-Israeli-backed aid effort in Gaza resulted in more than 30 Gazans being shot and killed. That global unrest may shake bond markets in today’s…
[ad_1] Image source: Getty Images Up over 40% in the past year, the price of gold has comfortably outperformed both the FTSE 100 and S&P 500. Its cheaper cousin, silver, continues to remain stubbornly stuck in the low $30 range. But with the gold to silver ratio now sitting at 100, I can only see one outcome: I believe significantly higher silver prices are coming. New gold cycle Rising gold prices have been a real tonic for Fresnillo (LSE: FRES). In just 15 months, the share price has nearly trebled. But despite the meteoric rise, it still receives hardly any…
[ad_1] The Environmental Defense Fund offered a helping hand to Apple as the tech giant fights a lawsuit accusing it of greenwashing after it promoted its popular smartwatches as carbon neutral. The green group filed a friend of the court brief last month in support of Apple’s claim that its purchase of carbon credits negated enough climate pollution to justify its assertion that the watches don’t contribute to global warming. The credits were bought through the voluntary carbon market, which isn’t subject to government regulation. EDF’s defense of Apple, one of the world’s most valuable companies, thrusts it into a…
[ad_1] Tesla (NASDAQ:TSLA) stock jumped as much as 20.6% last month, marking its best monthly performance since late 2024 and reversing a period of underperformance for the electric vehicle (EV) giant. At the centre of this rally is the return of Elon Musk to day-to-day leadership at Tesla. This follows his controversial stint as head of the Department of Government Efficiency (DOGE) under the Trump administration. Investors had grown weary of Musk’s political distractions, which many felt cast a shadow over Tesla’s prospects. With Musk now recommitted to the company, confidence has returned and the so-called ‘Musk overhang‘ on the…