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New Era Helium Inc., which controls over 137,000 acres that hold helium and natural gas reserves in Southeastern New Mexico, has rebranded to New Era Energy & Digital Inc. to reflect its recent shift into a vertically integrated energy supplier. The new company aims to develop “next-generation digital infrastructure and integrated power assets, including powered land and powered shells”, it said in an online statement. “The company delivers turnkey solutions that will enable hyperscale, enterprise and edge operators to accelerate data center deployment, optimize total cost of ownership and future-proof their infrastructure investments”. The Midland, Texas-based company “projects generational AI infrastructure…
The sustainability-linked loan (SLL) market has made progress towards addressing some of its key integrity and credibility issues, according to a new review by UK financial services regulator the Financial Conduct Authority (FCA), marking “important steps in the development of a credible transition finance ecosystem,” according to the regulator. The observations by the FCA follow a 2023 review of the SLL market, which outlined a series of market integrity concerns that it said could hold back the development of a useful net zero transition financing tool and raise the risk of greenwashing. Sustainability-linked debt ties terms on financing, such as…
This as-told-to essay is based on a conversation with Daniel Snell, a 53-year-old cofounder and CEO of Arrival, based in London. The following has been edited for length and clarity.As efficiency starts to improve, whether driven by AI or not, underperformers will get squeezed out.I’ve been running my management consulting and social impact company, Arrival, for 20 years now. Lately, I’ve experienced investors and business leaders hoping that AI can unlock efficiency, productivity, and performance to get organizations growing again.Having worked with senior leaders at companies like Tesco and GSK to help develop high-performing teams, I tell my clients that…
Months ago, Ahmet Tozal took out three credit card loans and withdrew his life savings to make a fortune off crypto.The 44-year-old Turkish garment worker, who lived in Istanbul at the time, said he’d been goaded by a new friend who contacted him via a random WhatsApp message in 2023.The woman claimed she’d messaged him accidentally, but was friendly and seemed interested in Turkey, Tozal said. She told him she was a wealthy businesswoman who would soon be visiting his country on holiday.Tozal said she sent him dozens of photos of herself, a young East Asian woman traveling the world…
NEW YORK (AP) — Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they shrug off President Donald Trump’s tariffs, which are starting to take a toll on jobs and lead to some price increases.Retail sales rose 0.5% last month, a slowdown from a revised 0.9% in June, which was revised upward, according to the Commerce Department’s report released Friday. The pace in July matched economists’ estimates. The increases followed two consecutive months of spending declines — a 0.1% pullback in April and a 0.9% slowdown in May.Excluding auto sales, which have been volatile…
Coal production in China fell by 3.8% on the year last month, to the lowest level since April 2024 in the first annual decline for this year, Reuters reported today, citing figures from China’s statistics bureau.Coal production over the first seven months of the year, however, was higher by 3.8% from last year, the data showed, with the total at 2.78 billion tons.Per Bloomberg, the reason for the dip in July was, on the one hand, government efforts to curb oversupply, which is already sizable, and, on the other hand, bad weather consisting of high temperatures and heavy rains that…
Singapore-based food tech start-up Prefer announced that it has raised $4.2 million in a Pre-Series A funding round, and has commercially launched its new soluble coffee and cocoa powders, aimed at replicating coffee and cocoa at a fraction of the carbon footprint and at lower cost. Founded in 2022 by Jake Berber and Ding Jie Tan, Prefer provides climate-resilient alternatives for the food products by transforming upcycled ingredients. The company’s process uses fermentation to transform food manufacturing byproducts, such as rice and soy, into flavors and ingredients that replicate the taste and functionality of coffee and cocoa while significantly reducing…
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MADRID (AP) — Firefighters in Spain, Portugal and Greece continued to battle wildfires Friday on a public holiday in all three countries as persistent hot, dry conditions challenged efforts to contain the blazes.Spain was fighting 14 major fires. Temperatures were expected to climb over the weekend. “Today will once again be a very tough day, with an extreme risk of new fires,” Spanish Prime Minister Pedro Sánchez wrote on X.The national weather agency AEMET warned of extreme fire risk in most of the country, including where the largest blazes were burning in the north and west. A heatwave which brought…
Singapore: State refiner Indian Oil Corp (IOC) has bought two million barrels of U.S. West Texas Intermediate crude for October delivery, three trade sources said on Friday.It purchased the cargoes from Mercuria at a premium of $2.80-2.90 a barrel to dated Brent, they added, speaking on condition of anonymity.IOC recently snapped up crude from the United States, Canada and the Middle East as U.S. President Donald Trump ramped up pressure on India for purchases of Russian oil ahead of talks with President Vladimir Putin to reach a ceasefire in Ukraine. Published On Aug 15, 2025 at 12:48 PM IST Join…