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Public-private partnership aims to boost clean energy investment through the North East Investment Zone (NEIZ) and green industrial clusters. Lloyds Banking Group commits to unlocking private capital for infrastructure, offshore wind, EV manufacturing, and supply chain growth. Initiative aligns with net-zero targets and regional economic development through high-value job creation in clean energy. Lloyds Banking Group, the Office for Investment (OFI), and North East Mayor Kim McGuinness have announced a strategic initiative to scale up green energy investment across North East England. Launched at UKREiiF, the collaboration aims to accelerate the region’s clean energy leadership and leverage its growing status…
Russia’s top oil producer, state-controlled Rosneft, has acquired the company that holds the license to operate and develop a giant rare earths deposit in Siberia, the largest such reserve in Russia and one of the world’s biggest.Rosneft has taken over control of Vostok Engineering, the company which holds the license for the Tomtor rare earth metals deposit in Yakutia, the Russian national companies registry showed on Wednesday.At the end of 2024, Russian President Vladimir Putin urged the Tomtor deposit to be developed, either by the then owner of the licenses, or with the help of third parties.“Those businesses that took…
Global delivery giant FedEx announced the purchase of more than three million gallons of blended sustainable aviation fuel (SAF) over one year from producer Neste, with the fuel to be used for cargo flights out of Los Angeles International Airport (LAX), marking FedEx’s first major U.S. SAF deployment. According to FedEx and Neste, the blended fuel will include a minimum of 30% neat SAF, and will account for roughly a fifth of all jet fuel consumed annually by FedEx at LAX. In 2021, FedEx announced a goal to achieve carbon neutrality in operations by 2040, allocating $2 billion in investments…
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, outlined that “oversold NYMEX natural gas trampoline[d]… higher” on Tuesday. The report pointed out that the June natural gas contract closed at $3.427 per million British thermal units (MMBtu) yesterday, and that this represented a 31.4¢, or 10.1 percent, increase. “The six sessions ending Monday saw a 68¢ (-18 percent) re-pricing of the June natural gas contract, with Monday’s low within 0.1¢ of the front-month’s closing low in late April,” Rubin noted in the report. “Yesterday’s rally, helped by…
Uber Freight is placing AI at the center of freight management, aiming to transform how shippers plan, execute, and optimize logistics. What’s RelatedWith the launch of its new AI-powered logistics network, Uber Freight says it’s moving beyond task automation to enable smarter decisions, faster execution, and better performance. The system is powered by a proprietary large language model trained on nearly $20 billion in freight data and integrated directly into the company’s transportation management system (TMS). “This is the inflection point we’ve been building toward,” said Lior Ron, Founder and CEO of Uber Freight. “We’re not just automating tasks—we’re enabling a new…
€200M guarantee will unlock sustainable asset leasing for SMEs and small mid-caps across four major EU economies. EIF’s largest multi-country energy transition guarantee to date, focused on green tech, energy efficiency, and mobility. First InvestEU-backed collaboration between EIF and BNP Paribas Leasing Solutions, catalyzing private sector-led climate investment. The European Investment Fund (EIF) and BNP Paribas Leasing Solutions have signed a €200 million portfolio guarantee under the InvestEU program, marking a major push to scale green financing for small and medium-sized enterprises (SMEs) and small mid-caps in France, Germany, Italy, and Spain. The initiative targets leasing investments in key areas…
Software plays a vital role in supply chain operations. From planning and procurement to transportation and warehouse management, the right tools can save companies time, money, and headaches. What’s RelatedThis guide breaks down the most important categories of supply chain software, using real-world examples and use cases to show how each tool helps companies move products more efficiently. 1. Transportation Management Systems (TMS) What it is: A TMS helps companies plan, execute, and optimize the movement of goods. It can automate carrier selection, track shipments in real time, and analyze performance. Popular examples: Oracle Transportation Management SAP Transportation Management Project44 Use…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Elliott Management won two seats on the board of oil refiner Phillips 66, after the activist hedge fund squared off in its first-ever proxy vote against a major US corporation. Phillips 66 shareholders voted in favour of two Elliott-backed directors. Former ConocoPhillips executive Sigmund Cornelius and ex-Targa Resources executive Michael Heim were elected to the board, Elliott said in a statement on Wednesday.Current board director Bob Pease, who was previously backed by Elliott in an earlier settlement with Phillips 66 before the…
NEW YORK (AP) — To survive warming oceans, clownfish cope by shrinking in size.Scientists observed that some of the orange-striped fish shrank their bodies during a heat wave off the coast of Papa New Guinea. Fish that slimmed were more likely to survive.Heat waves are becoming more common and intense underwater due to climate change. Warmer water temperatures can bleach sea anemones that clownfish call home, forcing them to adapt to stay alive.Scientists monitored and measured 134 colorful clownfish in Kimbe Bay during an intense heat wave in 2023 that’s still bleaching corals worldwide. They found that 101 clownfish decreased…
US stock market today: US stock markets opened lower on Wednesday, weighed down by rising treasury yields and investor caution ahead of key economic data. The Dow Jones Industrial Average dropped 329.13 points, or 0.77 per cent , to 42,348.11. The S&P 500 slid 34.21 points, or 0.58 per cent , to 5,906.25, while the tech-heavy Nasdaq Composite fell 117.06 points, or 0.61 per cent , to 19,025.65.The pullback across major indices comes as markets remain on edge over the Federal Reserve’s interest rate outlook. Treasury yields continued to rise, with the benchmark 10-year US note yielding 4.543 per cent…