Author: omc_admin

Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the launch of its new ICE Global Climate Risk Solution, aimed at providing investors with a view of physical climate risks of their portfolios, based on geospatial data. According to ICE, the new solution marks an expansion of its geospatial platform to introduce global physical risk for corporate and sovereign asset classes, leveraging building footprint data for over 1.6 billion buildings worldwide to deliver scenario-aligned, forward-looking risk scores and physical and transition climate risk metrics. ICE said that the new solution enables clients to assess climate-related risks…

By Tsvetana Paraskova – May 08, 2025, 7:46 AM CDT Oil prices surged as the U.S. announced its first post-tariff trade deal with the UK, signaling potential market stability. U.S.-China trade talks are set to begin in Geneva, marking the first step toward easing trade tensions. Despite optimism, OPEC+ production increases are expected to limit oil price growth. Oil prices rose by more than 1% early on Thursday as the market expects a U.S.-UK trade deal announcement later today and the start of U.S.-China ice-breaker talks later this week.As of 8:35 a.m. EDT…

In a surprising twist, it wasn’t flashy AI features that finally nudged longtime iPhone users to upgrade — it appears to have been tariffs.Wall Street analysts have been predicting a major iPhone upgrade cycle since Apple started integrating generative AI into the devices about a year ago. It hasn’t really happened yet.But one firm that surveys buyers says worries of higher prices might have triggered people to upgrade their phones. Consumer Intelligence Research Partners says concern over impending price hikes because of tariffs drove a notable surge in iPhone purchases in the first quarter of 2025. This wasn’t a marginal…

Google announced today the launch of a new collaboration with South Carolina-based nuclear project developer Elementl Power, including an agreement to invest in three advanced nuclear energy projects. The agreement comes as Google and its tech giant peers increasingly turn to nuclear energy to help address the growing emissions impact of their rapidly expanding data center footprints. While Google has set 2030 goals to reach net zero emissions across its operations and value chain, and to reduce 50% of its combined Scope 1, 2, and 3 absolute emissions, on a 2019 basis, the company recently reported that its emissions increased by 13%…

Essar group’s green logistics solutions provider GreenLine Mobility Solutions has partnered with Shriram Finance for the deployment of a new fleet of LNG-powered trucks, a statement said on Wednesday. GreenLine Mobility Solutions on Wednesday flagged off a new fleet of LNG-powered trucks at Chakan, Pune, the statement said. The deployment is supported by Shriram Finance Ltd, one of India’s largest NBFCs. GreenLine is an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining,…

Google LLC and Shell PLC have partnered to extend the life of the NordzeeWind project, the first wind farm on the Dutch side of the North Sea according to Shell, by at least four years. “We purchased 100 percent of the wind farm’s 108-megawatt capacity, which enabled Shell to pursue permit extensions and invest in crucial upgrades, preventing the premature loss of valuable clean energy”, the Internet giant said in an online statement. “This initiative helps to keep existing carbon-free energy resources on the grid that would otherwise have retired”. Put online 2007, the project, off the coast of the…

Woodfibre LNG said it plans to submit an application to regulatory agencies to add a second workplace accommodation floatel at the Woodfibre LNG project site in British Columbia. The application seeks regulatory approval to moor a second floatel adjacent to the current floatel, the MV Isabelle X, to add approximately 900 employees to the construction project, the company said in a news release. The MV Isabelle X is moored at the Woodfibre LNG project site, located 4.3 miles (7 kilometers) near Squamish. Once complete, the Woodfibre LNG facility will produce approximately 2.1 million metric tons of liquefied natural gas (LNG)…

Chinese leader, the highest-profile guest of Moscow’s WWII commemorations, keen to maintain ‘deep’ relationship with Russia.Chinese President Xi Jinping has told Russian leader Vladimir Putin that his country will stand with Moscow against “unilateralism and hegemonic bullying” during a visit to the country to commemorate the defeat of Nazi Germany in World War II. Arriving in Moscow on Thursday at the start of a four-day visit, Xi hailed the “deeper” trust developing between the two countries, appearing to take a swipe at Western critics of Russia’s continuing offensive in Ukraine, which Putin has characterised as a war against latter-day Nazis.…

Poland’s Ministry of Economic Development and Technology has offered the US EV battery recycling specialists, Ascend Elements, the equivalent of up to 290 million euros in funding to support the construction of a production facility for recycled cathode material in Poland. The location in Poland for the Ascend Materials battery recycling plant has already been found, says the company, while a final investment decision has not yet been made. Ascend Elements specialises in producing battery materials from black mass and has already been active in Poland for around a year through a joint venture with the Polish company Elemental Strategic…

The European Commission announced the launch of a new call for evidence, seeking input on its initiative to revise its Sustainable Finance Disclosure Regulation (SFDR), which aims to improve the regulation’s usefulness and to reduce reporting and compliance burdens for investors. The Sustainable Finance Disclosure Regulation, in application since 2021, sets out how financial market participants, such as asset managers, have to communicate sustainability information to investors, regarding the integration of sustainability risks and the consideration of adverse sustainability impacts in their processes and the provision of sustainability‐related information with respect to financial products. The regulation’s underlying goals include helping…