Author: omc_admin

California Governor Gavin Newsom released a revised proposal for the 2025-2026 state budget, containing plans to extend the state’s “Cap-and-Invest” program, requiring major emitters to purchase allowances for carbon emissions above a declining cap, through 2045. According to the budget proposal, the Cap-and-Invest program, which was set to expire in 2030, is anticipated to generate $60 billion over the duration of the extension. The proposed extension of the carbon pricing program comes despite growing pressure by the Trump administration and Republican state politicians targeting state initiatives charging companies for their greenhouse gas emissions. In April, President Trump signed an executive…

Fast-fashion giant Shein is leasing a massive warehouse near Ho Chi Minh City, Vietnam, according to a Reuters report citing sources familiar with the deal. The move is to avoid rising U.S. tariffs on Chinese imports. What’s RelatedThis will be Shein’s first warehouse in Vietnam. The facility, which covers about 15 hectares—or roughly the size of 26 football fields—will serve as a storage and distribution hub for clothing before it’s shipped out. Shein has also been looking to lease more space in southern Vietnam. The warehouse deal comes just weeks after the U.S. ended a key trade exemption for Chinese…

Trucking safety took center stage this week as the American Trucking Associations (ATA) recognized several companies, drivers, and industry leaders for their strong commitment to keeping roads and workplaces safe. What’s Related“For trucking, safety isn’t just a box to check — it’s at the heart of what we do,” said ATA President and CEO Chris Spear. “These professionals lead by example, showing what real dedication and attention to detail looks like day in and day out.” The awards were distributed during ATA’s 2025 Safety, Security & Human Resources National Conference in Louisville. Winners included individual and company honors, covering everything…

Raipur: The Chhattisgarh govt issued a circular to all district collectors regarding the allocation of land for Bio-CNG plants to be established in urban local bodies for processing bio-waste and agricultural waste.The circular, issued by the Urban Administration and Development Department from the ministry, references the decision taken in the state Cabinet meeting held on April 17. In compliance with the Cabinet’s decision, govt land is to be allocated at concessional lease rates for Bio-CNG plants being set up in all urban local bodies of the state for the processing of bio-waste-cum-agricultural waste. The Urban Administration Department and the concerned…

New Delhi: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Friday highlighted the transformative impact of Piped Natural Gas (PNG) in India, noting that it is now powering over 1.47 crore households, around 45,000 commercial establishments, and more than 20,000 industries across the country.In a post shared on social media platform X, Puri stated: “Over the last decade, commercial PNG connections have grown by 164 per cent and industrial connections by an unprecedented 308 per cent.”He emphasised that PNG is both environmentally friendly and cost-effective.”It helps industries lower their fuel costs, thereby reducing production expenses and boosting…

United States President Donald Trump said on Thursday that India had offered a trade deal that proposed almost “no tariffs” on US goods, as the South Asian nation seeks to avert higher import and export costs. India disputed Trump’s claim. But New Delhi is looking to clinch a trade deal with the US within the 90-day pause announced by Trump on April 9, on so called reciprocal tariffs for major trading partners. On May 8, the White House secured a trade agreement with the United Kingdom, two days after India inked a similar pact with it. India’s equity benchmarks jumped about…

Jakarta: Indonesian President Prabowo Subianto inaugurated two offshore oil and gas projects on Friday, hailing them as a milestone to reaching energy self-sufficiency.Prabowo has vowed to boost energy security for Southeast Asia’s largest economy, while also pledging to phase out coal power and reach net-zero emissions by 2050.”Achieving national energy self-sufficiency is vital for the independence of our nation,” he said.”If we are able to reach energy self-sufficiency, we will save tens of billions of US dollars.”The $600-million projects operated by Indonesian firm Medco E&P Natuna in the South Natuna Sea aim to produce 20,000 oil barrels per day, energy…

This week, I attended events by Amazon, Disney, NBCUniversal, and other streaming and network giants in New York, where they made their biggest pitches of the year to ad buyers.The TV upfronts are an annual series of presentations and parties during which TV ad sellers do their best to sell the bulk of their inventory. Given the jittery macro environment and the decline of linear TV viewing, this year’s incarnation was expected to be a buyer’s market. A recent EMARKETER forecast estimated that tariffs could drag down this year’s haul by as much as $4.1 billion, a 23.5% decline from last…

TORONTO — Mike Novogratz said he spent nearly four years and more than $25 million trying to take crypto firm Galaxy Digital public in the United States.”It felt un-American, unfair, infuriating,” Novogratz said.Novogratz told CNBC that a process that should take 45 to 90 days stretched out to 1,320 days. He said it took nine rounds of comments with the Securities and Exchange Commission.”One of the things that people didn’t understand about the crypto tax is that you needed to be very well capitalized — and a pretty big, strong company — just to stay in the game,” he said.The…

Harvard has lost about $89 million more in federal funding, this time from the Department of Energy (DOE), as the university defies demands from the Trump administration over its purported inaction on anti-Israeli bias on campus. The DOE action follows the Task Force to Combat Anti-Semitism’s freeze of $2.2 billion in multi-year grants and $60 million in multi-year contracts to Harvard, announced April 14, and was taken in coordination with the termination of $450 million in grants from eight government agencies. Earlier on March 31 the Department of Education, the Department of Health and Human Services and the General Services…