Author: omc_admin
NEW YORK (AP) — Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection in an uncertain economy.The Seattle-based company also reported strong sales growth for its prominent cloud computing arm Amazon Web Services, it said after the market closed Thursday.However, uncertainty about President Donald Trump’s tariffs and consumer spending clouded Amazon’s outlook.Trump’s erratic trade policies — including 145% tariffs on China — have paralyzed businesses and threaten to raise prices and hurt consumers. However, big companies like Amazon are expected to navigate the…
People walk through the hallways at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty ImagesData center demand is not slowing down in the world’s largest market centered in northern Virginia, executives at Dominion Energy said Thursday.Dominion provides electricity in Loudoun County, nicknamed “Data Center Alley” because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they train artificial intelligence models.”We have not observed any evidence of slowing…
European budget airline Ryanair threatened to cancel hundreds of orders of Boeing aircraft amid tariffs imposed by the United States, which have driven prices higher and is considering alternative suppliers, including Chinese planemaker COMAC. The news agency Reuters first reported the story on Thursday. The airline had ordered 330 Boeing 737 MAX aircraft – at a list price of more than $30bn. Ryanair’s chief executive Michael O’Leary said in a letter to an undisclosed senior US lawmaker “If the US government proceeds with its ill-judged plan to impose tariffs, and if these tariffs materially affect the price of Boeing aircraft…
Chinese mechanical engineering company LEAD has received a major order from Italian battery manufacturer FAAM. The order includes the delivery of an end-of-line (EOL) for the new 8 GWh LFP factory Teverola 2 near Naples. The end-of-line production steps are considered particularly important in cell production, as this is where the cells are filled with the electrolyte and the decisive formation of the cell (the first charging) and the final inspection take place. FAAM relies on LEAD machines for this. “The system is designed to meet the most stringent efficiency, safety, and quality standards, giving FAAM a strong competitive edge…
Skycharger will set up two public charging hubs for electric trucks in Southern California, an effort supported with funds from the California Energy Commission. The two locations, specifically Kettleman City, CA and Lebec, CA, will offer charging rates of at least 200 kW and will be able to charge 64 electric trucks simultaneously. Moreover, each site will be equipped with 5.1 MW of solar power and 8 MWh of battery energy storage to minimise the impact on the grid and secure operationality. As mentioned above, Skycharger has received a $10 million award from the California Energy Commission (CEC) to build the two sites…
Daily Light Crude Oil Futures Dip-buyers entered the market around the $56.30 level, offering some intraday support. But without follow-through buying above $59.67, the rally lacks conviction. A sustained move above this threshold could trigger momentum toward the next technical target at $63.06. Conversely, renewed weakness below $59.67 opens the door for a potential slide to $54.48. Stronger U.S. Equities Provide Short-Term Lift Oil prices were buoyed by a broader rally in U.S. equities, driven by upbeat earnings from tech giants Meta and Microsoft. This helped ease some market anxiety over the health of the U.S. economy and counterbalance bearish…
The International Monetary Fund (IMF) has downgraded its economic growth forecast for the oil exporters in the Middle East to 2.3% from 4% expected in October, due to the slide in oil prices.“Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects,” the IMF said on Thursday in its Regional Economic Outlook for the Middle East and Central Asia.The IMF expects oil prices to decline in 2025 to $66.90 per barrel, nearly $6 below the October projection, “as the gradual phase-out of OPEC+ oil production…
Cairn Oil & Gas, India’s largest private oil and gas E&P company, is partnering with Norway-based Electromagnetic Geoservices (EMGS), to acquire a 3D Controlled Source Electro-magnetic (CSEM) survey for its exploration campaign in the deepwater Krishna-Godavari block off India’s East coast. CSEM is a geophysical method used to map subsurface resistivity, enhancing hydrocarbon detection accuracy. EMGS is the global marine electromagnetic market leader having acquired data for global supermajors, throughout the world. Cairn is one of the early adopters of 3D CSEM survey technology in India. The EMGS vessel, Atlantic Guardian, is currently acquiring data for the KGDWHP-2017/1 block using…
Real-time ESG Risk Management: DMA Evaluate enables continuous materiality updates, aligning with evolving regulations and stakeholder expectations. Audit-Ready Automation: Built-in workflows and documentation simplify compliance and eliminate manual spreadsheet reliance. Strategic ESG Integration: AI-powered insights help leadership anticipate ESG risks and integrate them into broader business strategy. Datamaran has unveiled DMA Evaluate, a powerful enhancement to its double materiality assessment platform, designed to help companies dynamically manage ESG risks and regulatory obligations with speed, accuracy, and scale. The launch responds to mounting pressure from the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), which demand that businesses…
$100M Series A funding fuels Syre’s mission to decarbonize the textile industry by scaling textile-to-textile polyester recycling. H&M Group inks $600M offtake deal, securing a major share of Syre’s future recycled polyester output. Global expansion plan includes 10–12 plants by 2032, targeting over 3 million metric tons of production and 15 million tons of CO₂e abatement. Syre, a textile-to-textile recycling startup launched by H&M Group and impact investor Vargas, has raised $100 million in Series A funding to make circular polyester production a hyperscale reality within the next few years. With the global textile industry contributing 10% of CO₂e emissions…