The year 2022 was a tough one for Wall Street. In particular, the S&P 500 — which tracks the biggest U.S.-listed companies — closed down around 20% in what was its worst performance in more than a decade. With market participants concerned that the American central bank’s rate-hiking campaign to fight the persistently high inflation … Read more
Laos Faces Debt Crisis After Borrowing Billions From China Voice of America – VOA Newssource
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By Benjamin Storrow | 01/03/2023 06:21 AM EST President Joe Biden hands the pen he used to sign the Democrats’ landmark climate change and health care bill to Sen. Joe Manchin (D-W.Va.) in August. APThe White House and Joe Manchin are at odds over electric vehicles — again.The latest tiff comes after the Treasury Department … Read more
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CO2 Battery company Energy Dome has won €17.5 million (US$18.5 million) in grant and equity financing from the European Innovation Council, the maximum amount available. The Milan-headquartered firm was one of 78 companies to win the funds through the latest round of the European Innovation Council’s (EIC) Accelerator funding programme, which received applications from over … Read more
By Avery Ellfeldt | 01/03/2023 06:27 AM EST Rostin Behnam, chair of the Commodity Futures Trading Commission, testifies Dec. 1 before the Senate Agriculture, Nutrition and Forestry Committee. The CFTC this year plans to take a closer look at the voluntary carbon market. Chip Somodevilla/Getty ImagesU.S. regulators laid the groundwork last year to address the … Read more
The Swiss Federal Council has published a position paper on the “prevention of greenwashing in the financial sector.” The Federal Council is composed of seven members—each a head of a government department—who, collectively, serve as the executive body of the Swiss government. The paper clarifies that financial products may only be labelled as sustainable or … Read more
As Tesla Inc. shares slumped to their worst performance on record in the fourth quarter, the electric-vehicle company delivered fewer cars than analysts expected, according to a Monday announcement.Tesla TSLA, +5.12% reported 405,278 cars were delivered in the final three months of the year, up 31.3% from the same period a year before, while the … Read more
150 financial institutions, managing more than $24 trillion, call on … PRIsource