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Oil prices are on track to post a weekly gain amid expectations that the first U.S. trade deal post-tariffs, with the UK, could be a good sign of thaw in the tense trade relations ahead of the U.S.-China talks this weekend.As of 9:45 a.m. EDT on Friday, the front-month U.S. benchmark futures, WTI Crude, were up by 0.92% at $60.42. The international benchmark, Brent Crude, was rising by 0.80% at $63.31.After posting a weekly loss last week, oil was on track early on Friday for a weekly gain this week, after the U.S. and the UK announced on Thursday a…
The U.S. is proposing that the Task Force on Climate-related Financial Risks (TFCR) at the Basel Committee on Banking Supervision (BCBS) be downgraded to a working group, the Financial Times reported on Friday, citing sources briefed on the matter.The Basel Committee is the top global regulator of the banking sector, and its 45 members comprise central banks and bank supervisors from 28 jurisdictions. For the United States, the representatives on the committee are four institutions – the Fed, the Federal Reserve Bank of New York, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation.In a…
$3B Investment: Coal India to deploy ₹250B (~$3B) in 4.5 GW of solar and wind projects to support India’s green transition. Strategic Partnership: Renewable energy to power AM Green’s 5 MTPA green ammonia plants; MoU signed for long-term supply. Dual Approach: Coal India scales clean energy alongside India’s 80 GW coal capacity expansion, amid growing power demand. Coal India Ltd. announced a bold pivot towards clean energy with plans to install approximately 4.5 gigawatts of renewable power—primarily solar and wind—at an estimated cost of ₹250 billion (around $3 billion). The initiative is part of the company’s strategy to offset emissions…
Pioneering Standard Compliance: Iberdrola becomes the first global issuer to align a green bond with both the EU Green Bond Standard (EU GBS) and ICMA Green Bond Principles. Strong Market Demand: The €750M issuance attracted over €3.7B in demand—five times the offer—enabling a 3.5% coupon with a negative premium. Investor Confidence in ESG Strategy: 93% of participating investors were ESG-focused, validating Iberdrola’s sustainability-led growth and financial resilience. Iberdrola has achieved a global first, issuing a €750 million green bond that complies with both the newly introduced EU Green Bond Standard (EU GBS) and the International Capital Market Association (ICMA) Green…
Updated 2025-05-09T13:49:31Z 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. Companies such as UPS, Meta, Microsoft, BlackRock, and Block are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025. Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and…
Honeywell is teaming up with Teradyne Robotics to help companies in the U.S., Europe, and beyond move materials more efficiently and safely. The partnership combines Honeywell’s warehouse software and automation experience with Teradyne’s autonomous robots and collaborative machines that can handle tasks like moving pallets and navigating busy warehouse floors. What’s Related“This relationship with Honeywell will provide businesses with end-to-end solutions, from automation system design through to implementation and maintenance,” said Ujjwal Kumar, Group President of Teradyne Robotics. “The combined strengths of Teradyne Robotics and Honeywell will help companies tackle the challenges they are experiencing today with labor-intensive, inefficient material-handling…
High-Impact Action: Google’s partnerships aim to eliminate 25,000+ tonnes of superpollutants by 2030—equivalent to up to 3 million tonnes of CO₂. Global Deployment: Initiatives in Indonesia and Brazil will tackle HFCs and methane—among the most potent, short-lived climate pollutants. Market Signal: The move reinforces Google’s leadership in carbon markets and signals confidence in high-integrity carbon credits with full audit trails. Google is doubling down on climate action with two new partnerships focused on eliminating potent superpollutants that disproportionately accelerate global warming. In collaboration with Recoolit and Cool Effect, Google will fund projects that destroy hydrofluorocarbons (HFCs) in Indonesia and capture…
Is nothing sacred anymore?Reddit is one of the last places on the internet where posts and comments don’t feel like an endless pit of AI slop. But that is starting to change, and it’s threatening what Reddit says is its competitive advantage.Reddit CEO Steve Huffman says that what keeps people coming back to the site is the information provided by real people, who often give thoughtful answers to questions. As the internet becomes saturated with AI-generated content, Huffman says that Reddit’s communities, curated and managed by real people, set it apart from other social media platforms. “The world needs community and shared…
Starting a company is hard. Starting a logistics and supply chain company—where tech expectations are high and margins are tight—is even harder. After five startups in this industry, I’ve learned a few lessons that may help others just starting their journey. Here are some tips I’d offer to any logistics tech founder trying to build something from the ground up: 1. Use Fractional Roles and Gig Services Early What’s RelatedFull-time hires are expensive—and often unnecessary in the early stages. Many highly experienced professionals are open to fractional roles in startups, often at a discount to market rates in exchange for equity and…
Forward-looking insights: New scenarios simulate short-term economic and financial disruptions from climate shocks through 2030. Direct application: High-resolution data supports climate stress-testing, risk assessments, and monetary policy planning. Strategic tool for leaders: Developed with top academics, the tool equips financial institutions to anticipate near-term volatility from physical and transition climate risks. The Network for Greening the Financial System (NGFS) has released its first vintage of short-term climate scenarios, offering financial institutions, policymakers, and investors a detailed view of how climate events and transition policies may disrupt economies by 2030. The tool, publicly and freely available, simulates sectoral and macroeconomic pathways…