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China is considering easing its recently imposed export restrictions on rare earth elements for European semiconductor companies, Chinese media reported on Wednesday, signalling that Beijing may be attempting to stabilize global supply chains amid mounting tech industry panic.In April, China added seven rare earth elements and related products to its export control list, making it mandatory for exporters to obtain licenses regardless of the end customer’s nationality. While some licenses have been granted, the complex and lengthy approval process has caused confusion at customs and raised alarms among European Union manufacturers. The potential policy shift was discussed during a meeting hosted…

A massive glacier has collapsed in southern Switzerland, partly destroying the small village of Blatten, which had been evacuated recently because of the impending danger.At about 3.30pm local time, a huge collapse occurred on the Birch glacier, emergency services in the Wallis region said.Numerous homes in Blatten, normally home to 300 people, were destroyed, Jonas Jeitziner, of the regional emergency management service, told Switzerland’s Keystone-ATS domestic news agency.The glacier collapse had been expected for several days.A landslide above Blatten on 18 May had prompted the evacuation order. Photograph: Cyril Zingaro/APEmpty homes in Blatten before the avalanche struck on Wednesday. Photograph:…

Meta has been working on plans to open physical stores and hire retail workers, Business Insider has learned.The company has a project to expand its retail footprint, which is not broadly known internally yet, according to an internal communication seen by BI. The communication also said Meta planned to hire retail employees.Meta has only one physical retail space, Meta Store, which it opened on its campus in Burlingame, California, in 2022. The store lets shoppers test out some of its hardware products, including its Meta Quest VR headsets and Ray-Ban Meta smart glasses, much like its rival Apple, which has…

2025-05-28T15:41:40Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Latest Nvidia will release its first-quarter earnings after the closing bell on Wednesday. Shares of the tech giant were up 0.9% year-to-date through Tuesday. There are concerns around how tariffs will impact the business, but Wall Street is still optimistic. Nvidia will report fiscal first-quarter earnings on Wednesday after the closing bell.The…

A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | ReutersOPEC+ countries on Wednesday agreed to leave their formal output quotas unchanged, with market focus shifting toward potential increases from an eight-member subset of the alliance that had been carrying out separate voluntary production cuts.The OPEC+ coalition has been operating a group-wide production agreement, along with two output cuts that are only informally tackled by an eight-member subset of the organization. Under formal policy, the entire OPEC+ group is cutting roughly…

Russia could consider adjusting the oil price level in its so-called budget rule amid falling oil prices, Finance Minister Anton Siluanov said on Wednesday.Under the budget rule, Russia has a baseline price of $60 per barrel of oil, above which it funnels excess revenue to its National Wealth Fund, a rainy-day reserves fund. However, when the price is below $60 per barrel – as Russia’s crude grades have been for two months now – Russia taps into the fund to offset shortfalls in revenue from oil and gas exports.Changing the so-called cut-off price for the budget rule would signal a…

Climate solutions provider Watershed announced the launch of an open and free version of its global emissions database, in a move aimed at enabling organizations and companies to make more accurate decarbonization decisions. Founded in 2019, San Francisco-based Watershed provides an enterprise sustainability platform enabling companies to measure, report, and reduce their greenhouse gas emissions, to meet their climate goals and address regulatory sustainability reporting requirements. Watershed’s Comprehensive Environmental Data Archive (CEDA), which will be open to the public, covers emissions data from 148 countries, 400 industries, and 95% of global GDP. CEDA was created by environmental database provider VitalMetrics,…

BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce. The transaction includes a limited upfront payment, with additional consideration contingent upon the successful redeployment of the unit before June 2027. The acquisition is part of BW Offshore’s strategy to offer timely and competitive redeployment solutions to its clients, and the company projects visible project opportunities emerging over the next few years. “The acquisition of the FPSO Nganhurra represents a strategic decision to capitalize on a compelling market opportunity,” said Marco Beenen,…

€350M equity boost fuels Neot e-motion’s launch, expanding low-carbon mobility financing across Europe. €500M total equity now enables Neot to finance nearly €2B in zero-emission transport assets. Strategic backing from Mirova, Alba Infra Partners, and Banque des Territoires underscores investor confidence in green leasing models. Neot Capital has launched Neot e-motion, a new pan-European leasing platform dedicated to accelerating zero-emission mobility, supported by a €350 million equity injection from Mirova, Alba Infra Partners, and Banque des Territoires. The platform aims to offer “as-a-service” financing solutions for public and private transport operators — spanning electric buses, coaches, trucks, boats, and charging…

In an oil and gas report sent to Rigzone late Tuesday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 2.4 million barrels for the week ending May 23. “This follows a 1.3 million barrel build in the prior week, with the crude balance realizing significantly looser than our expectations,” the strategists stated in the report. “For this week’s crude balance, from refineries, we model another increase in crude runs (+0.2 million barrels per day). Among net imports, we model a moderate increase, with exports (+0.2 million barrels per day)…