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Japan’s Nippon Steel is expected to close its acquisition of U.S. Steel for $55 per share, sources familiar with the matter told CNBC’s David Faber.President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion over the next 14 months. U.S. Steel’s headquarters will remain in Pittsburgh, the president said.U.S. Steel gained about 2% on Tuesday to close at $53.04 per share. The stock rose more than 20% Friday on the back of Trump’s announcement. The $55 per share bid for U.S. Steel is the offer…

AI-Driven Shift: Launching a category-defining, agentic AI ecosystem to automate and optimize sustainability and energy operations. Strategic Leadership: Appointment of Julien Picaud to lead product innovation, integrating AI with sustainability platforms and recent EcoAct capabilities. Responsible Innovation: Focus on frugal AI to balance high-performance with energy-efficient, cost-effective infrastructure. Schneider Electric is reshaping the future of sustainability and energy management with the launch of a multi-year initiative to build a category-defining, agentic AI ecosystem. Designed to operate autonomously or in sync with consultants and clients, this next-gen platform leverages artificial intelligence to deliver intelligent, automated decision-making at scale. “Our vision is…

Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including a 2,000-hectare blaze near Swan Hills. The province issued a notice to the town’s residents telling them to prepare to evacuate within an hour if needed.  That fire is less than half a kilometer away from a CNRL-operated well site and within 20 kilometers of separate well sites operated by CNRL and other companies. Canadian Natural said in an email that it’s monitoring…

The European Council announced today that it has adopted amendments to a regulation on CO2 emissions standards for new passenger cars and vans, giving car manufacturers more time to comply with CO2 targets, avoiding significant penalties that are slated to start this year. The EU adopted a series of clean mobility regulations in 2023, including a requirement for a 100% reduction in CO2 emissions from new cars and vans registered in the EU from 2035, as well as interim emissions reduction targets for new vehicles on the path to the 2035 goal, with penalties for exceeding the emissions targets for each…

World-first: Only global SLB to include Net Zero targets across Scope 1, 2, and 3 emissions. Strong demand: Bond was 5x oversubscribed, with $10B in orders from institutional investors. Diversification milestone: Marks Snam’s debut in US markets; over 10% of its medium/long-term funding is now in foreign currency. Snam has successfully placed a $2 billion multi-tranche USD-denominated Sustainability-Linked Bond (SLB), marking a historic first in sustainable finance: a Net Zero target across Scope 1, 2, and 3 GHG emissions. This debut transaction—the largest of its kind by a European investment-grade regulated issuer in 2025—was executed under Rule 144A/Reg S format…

New Delhi: India’s energy future is taking shape, steadily moving towards self-sufficiency, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday.In a post on X social media platform, the Union Minister said it is hard to predict when India’s oil demand will peak.”We currently import $150 billion worth of energy every year. If global green hydrogen prices fall, it could trigger a revolution in sustainable energy,” the minister informed.Under Prime Minister Narendra Modi’s visionary leadership, this revolution is set to unfold — bringing out the best for India, Minister Puri further added.The country has made remarkable…

First Chinese Commodity Exchanges to Join UN SSE: SHFE and INE mark a national milestone by aligning with global ESG practices. Commitment to Sustainable Finance: Both exchanges will promote green, digital, and inclusive financial reforms in line with China’s national goals. Global ESG Integration: Their membership strengthens ESG transparency and sustainability in the global derivatives and energy markets. The Shanghai Futures Exchange (SHFE) and the Shanghai International Energy Exchange (INE) have become the first commodity futures exchanges from mainland China to join the United Nations Sustainable Stock Exchanges (UN SSE) initiative. The announcement came from SHFE Chairman Tian Xiangyang during…

London/Dubai: OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share.When the 22-member group meets on Wednesday to review the market, it is not expected to change policy, the sources said.But they said they expected an output hike to be agreed for July when the eight OPEC+ members meet on Saturday. OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, has agreed three layers of output…

This story first appeared in the May 2025 issue of Logistics Management as part of a broader roundtable on AI, automation, and supply chain innovation. In this piece, Gartner’s Dwight Klappich explains why warehouse robotics adoption is lagging despite strong interest, what’s fueling the slowdown, and how multi-agent orchestration platforms could reshape the future of automation. What’s RelatedLM: How would you realistically define the current robotics landscape inside today’s logistics operations? What trends or challenges are shaping adoption right now? Dwight Klappich: We continue to see strong interest in what Gartner refers to as intralogistics smart robots which are ‘the…

DHL Group is partnering with Shopify to help merchants ship products more easily across borders. The partnership connects Shopify sellers directly to DHL’s global shipping network through the Shopify Shipping platform, cutting out extra steps and making international delivery simpler and faster. What’s RelatedWith DHL already built into Shopify, sellers won’t need to sign up separately with a shipping company or figure out international customs on their own. Instead, they’ll have one place to manage shipping, including taxes, duties, and paperwork. “As the world’s leading logistics company, DHL connects merchants to their end customers through our extensive network spanning 220…