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2025-06-26T15:46:00Z 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. The Trump-branded smartphone might not be “Made in the USA” after all. Since its announcement, Trump Mobile has changed the wording of its gold-colored T1 smartphone listing. Now it says the $499 phone will be “brought to life right here in the USA” and ” The listing for the Trump-branded smartphone still…
Sudan and South Sudan have not reached an agreement during discussions on revised oil export fees which South Sudan pays to Sudan to export oil from its ports, local outlet Radio Tamazuj reported on Thursday, quoting technical sources and officials. South Sudan, a landlocked country in East Africa, broke from Sudan in 2011 and took with it around 350,000 barrels of day (bpd) in oil production at the time. However, the only export oil pipeline out of South Sudan passes through its neighbor to the north, Sudan. To access Port Sudan on the Red Sea, South Sudan is paying transit fees to Sudan…
The Republic of Slovenia announced its inaugural sustainability-linked bond (SLB) offering, raising €1 billion from the issuance of a new 10-year benchmark issuance, with interest tied to the country’s performance towards its 2030 greenhouse gas emissions targets. The offering is the first-ever sustainability-linked bond from a European Sovereign, marking a significant milestone for SLBs. After significant early growth, the volume of sustainability-linked bond offerings have declined significantly over the past several quarters on investor concerns over the credibility and robustness of the bonds’ linked sustainability targets. Despite the recent softness in the SLB market, demand for the bond was strong, with the…
Diversified Energy Co. PLC and Carlyle have formed a partnership to invest up to $2 billion in proven developed producing (PDP) natural gas and oil assets across the United States. “This exclusive partnership will combine Carlyle’s deep credit and structuring expertise, led by Carlyle’s asset-backed finance (ABF) team, with Diversified’s market-leading operating capabilities and differentiated business model of acquiring and optimizing portfolios of existing long-life oil and gas assets to generate reliable production and consistent cash flow”, a joint statement said. “Under the terms of the agreement, Diversified will serve as the operator and servicer of the newly acquired assets”,…
The world is facing a looming crisis of inequality that could see the first trillionaires emerge while nearly half of humanity still languishes in poverty, a group of 40 former presidents and prime ministers warns.In a letter seen by the Guardian, the group – which includes the ex-British prime minister Gordon Brown – issues a joint appeal to current world leaders for a “new economic coalition of the willing” to address the escalating threats of inequality, poverty and environmental breakdown.The former leaders also condemn “narrow unilateralism” and the “outdated” 1944 economic model while urging comprehensive debt relief, international tax cooperation,…
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | ReutersPresident Donald Trump now personally holds sweeping veto power over U.S. Steel’s decisions in key areas, according to an amended corporate charter filed with the Securities and Exchange Commission.U.S. Steel says Trump holds what the White House calls a “golden share” in the Pittsburgh-based company. The amended charter, however, does not reference future presidents. Instead, it says the veto power passes to the Treasury and Commerce Departments as representatives of the U.S. government after Trump leaves…
ATHENS, Greece (AP) — It’s dubbed the “Rally of Gods” — a punishing, four-day event on the World Rally Championship circuit that will take 69 crews from 31 countries across rough, treacherous terrain in Greece.Known for its brutal combination of dust and heat on its twisty, mountainous stages, the Acropolis Rally started on Thursday afternoon with a special stage in the very center of Athens. Unlike much of the rest of the rally, the start will see the cars sliding on city streets outside Greece’s parliament building near the foot of the Acropolis.Roads in the Greek capital’s center shut down…
Sustainability-focused European asset manager Ambienta announced that it has raised €500 million (USD$586 million) for its new small cap strategy, aimed at investing in and growing “small cap environmental sustainability champions.” The firm sad that the fund has surpassed its original €450 million target, driven by strong demand from its existing investors. Laurent Donin de Rosière, Partner and Head of Investor Relations and Strategic Partnerships, said: “At a time when others are retreating from sustainability, we are deepening our commitment with confidence. We firmly believe that companies driven by sustainability trends will continue to outperform. Our conviction remains as strong…
The United States Department of Energy (DOE) has issued an emergency order to ensure the Southeast U.S. grid handles a surging power demand amid high temperatures. It has authorized Duke Energy Carolina to operate specific electric generating units within the company’s area at maximum generation output levels, the DOE said in an online statement. The DOE said the order, authorized by Section 202(c) of the Federal Power Act, is in effect June 24-25. Section 202(c) of the FPA gives the DOE the power to support energy companies in serving their customers during emergencies when they would otherwise struggle to provide…
Meta adds 791 MW of wind and solar power through four new Invenergy deals, pushing total capacity from the partnership to 1,800 MW. Over 740 MW of new clean energy will be generated in Ohio alone, supporting Meta’s growing AI and data infrastructure needs. All projects are expected to begin commercial operations in 2027, with Meta receiving clean energy credits from the local grid-supplied power. Meta has signed four new clean energy agreements with Invenergy totaling 791 MW, reinforcing its push to power expansive data center and AI operations with sustainable electricity. These deals elevate Meta’s total procured capacity from…