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Mumbai, Jun 07 (ANI): Mukesh Ambani, Chairman and Managing Director of Reliance Industries, addresses the gathering during an event for the launch of the ‘Divine Scientist’, a biography on Professor MM Sharma (unseen), at Institute of Chemical Technology in Mumbai on Saturday. (ANI Photo) New Delhi: Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake…
Solar and wind energy are highly variable, dependent on the day, weather and location of the facilities. At times, they can generate more electricity than is needed, but they can also fall short when demand is at its peak. Unfortunately, any extra energy created by these sources is often wasted, as there are few methods that adequately store it long-term. To improve energy security in the United States, the nation requires both sources of energy and novel ways to store and distribute it. “Rather than sourcing carbon from below-ground, RCC enables the use of above-ground carbon as a…
Welcome back to our Sunday edition, where we round up some of our top stories and take you inside our newsroom. Want to know what a day in the life is like for the CEO of a superyacht firm? Anders Kurtén of Fraser Yachts told BI about his daily drive to Monaco and his nightly unwinding routine.On the agenda today:But first: One writer’s “vindication.”If this was forwarded to you, sign up here. Download Business Insider’s app here.This week’s dispatch Shutterstock; Emojipedia; BI Hot takesKatie Notopoulos is one of those people who articulates what you think before you quite realize you…
Updated 2025-06-29T09:47:01Z 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. Declining foot traffic and rising e-commerce have led thousands of stores to permanently close. Former household names like Borders, Circuit City, and Blockbuster are now just retail history. BI rounded up dozens of once-beloved stores that no longer have a meaningful brick-and-mortar presence. Brick-and-mortar retail is a tough business.One day, your…
This week in ESG news: UK releases new sustainability, climate reporting standards; GRI releases climate, energy reporting standards; Microsoft signs two multi-million ton carbon removal deals; EU states target bigger cuts in sustainability reporting and due diligence requirements; IFRS publishes transition plan disclosure guidance; EU’s new rules to help fund cleantech, industrial decarbonization; JPMorgan signs carbon removal agreement with Oxy; first-ever European sovereign sustainability-linked bond offering raises €1 billion; New York turns to nuclear energy to support clean energy goals; capital raises for carbon data, real estate decarbonization Singapore companies ask for more time to begin mandatory climate reporting; Meta…
ROME (AP) — Major heat waves across Southern Europe have pushed temperatures above 40 C (104 F) in countries including Italy, Spain and Greece, as local authorities issued fresh warnings against the risk of wildfires.Experts link the rising frequency and intensity of these heatwaves to climate change, warning that such extreme weather events are becoming increasingly common across Europe’s southern region.Severe heat waves were recorded in Italy, Greece, Spain and Portugal before the weekend, with locals and tourists alike taking shelter from the sweltering conditions.Two-thirds of Portugal were on high alert on Sunday for extreme heat and wildfires, with temperatures…
In the U.S., GDP growth forecasts were revised down to 1.4%, while the Fed’s cautious rate stance at 4.25-4.50% and restrained easing outlook further limited demand optimism. This weakening demand environment left traders questioning the sustainability of any oil prices projections above the $70 mark. Israel-Iran Ceasefire Vaporizes Geopolitical Risk Premium A surprise ceasefire between Israel and Iran on June 24 wiped out the geopolitical risk premium, triggering a 6% single-day price drop. The premium, estimated at $10 per barrel during peak tensions, dissolved quickly as Strait of Hormuz flows remained intact, and Iranian exports of 1.7 million bpd were…
“Climate is our biggest war. Climate is here for the next 100 years. We need to focus and … not allow those [other] wars to take our attention away from the bigger fight that we need to have.”Ana Toni, the chief executive of Cop30, the UN climate summit to be held in Brazil this November, is worried. With only four months before the crucial global summit, the world’s response to the climate crisis is in limbo.Fewer than 30 of the 200 countries that will gather in the Amazonian city of Belém have drafted plans, required by the 2015 Paris agreement,…
Even IT pros are susceptible to hackers these days.According to an FBI warning, a notorious cybercriminal group known as Scattered Spider is deceiving IT help desks into targeting the US airline industry.Scattered Spider gained attention in 2023 for hacking both MGM Resorts and Caesars Entertainment within a week of each other.”These actors rely on social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access,” the FBI said on X. “These techniques frequently involve methods to bypass multi-factor authentication (MFA), such as convincing help desk services to add unauthorized MFA devices to compromised accounts.”The FBI said the group…
California’s politicians want you to believe they’re trying to rein in sky-high gas prices. They’re not. What’s really happening is years of restrictive policies and overregulation are finally catching up with the state’s fuel supply—and now lawmakers are scrambling to put a Band-Aid on a self-inflicted wound.Let’s break it down.The Real Price of “Green”Starting July 1, Californians will get hit with a one-two punch: a hike in the state’s gasoline excise tax and new rules from the California Air Resources Board (CARB) that make it more expensive to produce gasoline. Together, these could raise pump prices by as much as…