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Paris-based banking services provider La Banque Postale announced the launch of a new ESG-focused approach to its financial savings products, aimed at enabling customers to select savings products according to their sustainability criteria and preferences. The new ESG approach covers the entire scope of La Banque Postale’s financial savings products, which spans areas including ordinary securities accounts, life insurance, and Share Savings Plans from across the group’s business units which include CNP Assurances, LPB AM, and Louvre Banque Privée. The bank added that extra- financial factors are now central to the advisory approach of its relationship managers, beyond their regulatory…

Germany, which has been opposing for years EU attempts to treat nuclear power as a green electricity source on par with renewable energy, has dropped this opposition under new chancellor Friedrich Merz, which could make EU energy policy much easier to adopt.  Germany under former chancellor Olaf Scholz was opposing treating nuclear on an equal footing as solar and wind in the EU’s goals and policy to achieve net-zero by 2050. The anti-nuclear camp was led by Germany and Austria and was dismissing nuclear as a “green” power source. Now Merz’s Germany appears to be shifting its anti-nuclear stance on EU energy…

OPEC+ did not lift production by 400,000 barrels per day in May and June to kill the oil price and to go full throttle on an oil price war. That’s what Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB), said in an oil report sent to Rigzone by the SEB team on Friday, adding that the group did it to meet added demand for oil in the Middle East, “which rise[s] significantly in summertime due to air conditioning and religious pilgrimage to Saudi Arabia”. “The plan of lifting production by 2.1 million barrels per day by December…

Indre-et-Loire inaugurates Centre-Val de Loire region’s first green hydrogen station at Sorigny’s Isoparc business park, providing a strategic refueling point for various hydrogen vehicles. The €2 million ($2.16 million) facility, leveraging innovative hybrid compression technology, underscores regional ambitions to accelerate sustainable energy transition. The new facility boasts a daily production capacity of 200 kilograms of hydrogen and features an advanced hybrid compression system developed by Eifhytec, combining mechanical and thermochemical methods for optimal energy efficiency and reduced spatial footprint. Managed by the Touraine Vallée de l’Indre Community of Communes (CCTVI), the station supports the region’s wider renewable hydrogen initiative, Hy’Touraine.…

2025-05-19T09:35:32Z 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. Nvidia CEO Jensen Huang praised DeepSeek R1 for significant contributions to AI research. DeepSeek has made a “real impact” in how people think about inference and reasoning AI, Huang said. Nvidia’s stock fell sharply amid January’s DeepSeek selloff, but Huang said investors got it wrong. Jensen Huang heaped praise on the Chinese…

The launch of ChatGPT set off a race among Big Tech companies and startups to scale AI, but Google CEO Sundar Pichai doesn’t see it as a situation where only one player wins.”I think all of us are going to do well in this scenario,” Pichai said during an episode of the “All-In Podcast,” published Friday.Podcast host David Friedberg agreed with Pichai and said there seems to be a misconception that there’s one winner “and everyone else is a loser.” Friedberg said AI is introducing “an entirely new world” that’s bigger than that.Pichai’s comments came after former Googler and Podcast…

Moody’s Downgrade and Weak Chinese Data Spark Demand Fears The oil market came under pressure following Moody’s downgrade of the U.S. credit outlook and softer-than-expected Chinese economic data. Monday’s data from China showed industrial output and retail sales growth slowing in April, denting hopes for a sustained recovery in the world’s second-largest oil consumer. Analysts flagged the timing of Moody’s downgrade as particularly damaging, given rising concerns over U.S. debt sustainability and broader monetary health. While the immediate market reaction has been modest, traders are bracing for a potential “slow bleed” in sentiment. China’s economic hiccups are equally concerning, especially…

Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs.China’s industrial output and retail sales growth have slowed amid trade tensions with the United States. Factory output grew 6.1 percent year-on-year in April, down from a 7.7 percent rise in March, data released by China’s National Bureau of Statistics showed on Monday. While down compared with the previous month, the figure beat analysts’ expectations. Analysts polled by the Reuters and Bloomberg news agencies had respectively forecast growth of 5.5 percent and 5.7 percent. Retail sales grew 5.1 percent year-on-year, slower than the 5.9 percent growth recorded…

Big Tech is winning the battle of the bulge.Companies are shedding layers of management in an attempt to reduce bureaucracy. Some employees are applauding the move, known as flattening the middle, in hopes of getting faster and boosting efficiency.Microsoft said Tuesday it’s slashing about 6,000 employees. While the days since have made it clear many of those cut were individual-contributor-level engineers, executives previously told BI one motivation behind the recent cuts was to increase managers’ “span of control,” or the number of reports per manager.Intel announced a great flattening last month, emphasizing more time in the office, less admin, and…

Abu Dhabi National Oil Co. (ADNOC) has acquired a 38 percent stake in the Block I gas and condensate fields on Turkmenistan’s side of the Caspian Sea, which are operated by Petroliam Nasional Bhd. (Petronas). Malaysia’s national oil and gas company Petronas signed a new production sharing contract with ADNOC investment firm XRG and State Enterprise Hazarnebit. Petronas will retain a 57 percent stake, while the local partner will own the remaining five percent. Block I currently produces about 400 million cubic feet a day of natural gas, according to Petronas. “It offers significant long-term potential, with access to over…