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More news - Latest news In a bold statement at a recent conference, Fortescue Metals Group Ltd. expressed skepticism about the global pursuit of net-zero carbon emissions, labeling it unrealistic. The company president expressed concern at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, highlighting the immense challenges and technological obstacles that lie in the path of achieving these environmental goals. This statement sparked significant dialogue between environmental experts and industry leaders on the practical aspects of net zero commitment. Critics argue that such a stance could undermine global efforts to fight climate change, while supporters believe it brings much-needed realism to the conversation. Fortescue, known for its significant role in the mining sector,...

More news - Recent news Abu Dhabi National Oil Company (ADNOC) has finalized a deal to purchase Covestro, a major German chemical producer, for a total of $16.4 billion. This acquisition marks a significant expansion of ADNOC's portfolio in the global chemicals market. The transaction is part of ADNOC's strategic initiatives to diversify its operations and strengthen its footprint in the international chemical industry. Covestro, known for its innovative solutions in the polymer industry, will provide ADNOC with a broader range of capabilities and access to new markets. Industry experts predict that this acquisition will not only strengthen ADNOC's position but also bring advancements in technology and sustainability in the chemical industry. The deal is expected to close after satis...

More news - Breaking news In anticipation of the effects of the newly announced economic stimulus, Chinese stock markets are expected to play a dominant role in trading activities. This period marks a critical phase in which investors are closely monitoring the stock's performance, awaiting the broader implementation of the government's latest economic recovery measures. The focus remains on how these financial stimuli, aimed at boosting China's economy, will translate into market trends and investor confidence. With analysts predicting significant movements in stock markets, there is palpable tension among traders and institutional investors over the potential for growth and stability. This scenario represents a unique opportunity for market participants to develop st...

More news - News 24 hours Shares of Stellantis and Aston Martin have fallen significantly following recent profit warnings, mainly attributed to continued difficulties in the Chinese market. The announcements led to a sharp drop in share prices, reflecting investor concerns about the financial health of the auto giants in a difficult economic environment. The profit warnings issued by both companies highlighted a number of issues impacting their operations in China, including supply chain disruptions and reduced consumer spending in the region. These factors have forced companies to revise their financial forecasts downwards, causing repercussions on the stock market. As Stellantis and Aston Martin grapple with these setbacks, analysts are closely monitoring the broader implications ...

Related media - Latest news Wall Street is preparing for what is expected to be a see-saw October, with key economic data on the horizon. An upcoming jobs report, scheduled for release next week, is particularly in the spotlight as investors and analysts predict its potential to spark significant market moves. While September ended on a surprisingly positive note for stock performance, the anticipation for next month's results casts a shadow of uncertainty. Financial experts suggest that the strength seen in the final month of the third quarter may not easily continue into October, underscoring the critical nature of upcoming jobs data. The jobs report is a crucial indicator of economic health, influencing not only market sentiment but also future policy decisions by c...

Related media - Recent news In a surprising turn of events, France's inflation rate fell more significantly than expected in September, mainly due to lower energy and transportation costs. This unexpected decline has provided some economic relief and reflects broader trends impacting the Eurozone's financial stability. The cooling of inflation comes at a time when often volatile energy prices have shown a sharp decline, along with a notable drop in transportation costs. The combination of these factors has helped ease the overall cost of living pressures that have weighed on consumers in recent months. Economists are carefully analyzing these trends to determine whether this decline is a temporary fluctuation or a sign of a more sustained change in the economic landscape. The decreas...

More news - Recent news In a surprising turn of events, despite the Federal Reserve's decision last week to lower interest rates, Treasury bond yields rose. This phenomenon has left many market analysts and investors perplexed, prompting a deeper look at the underlying factors at play. The recent interest rate cut was expected to lead to a decrease in Treasury bond yields as it typically stimulates bond prices and reduces yields. However, the opposite trend was observed. Analysts speculate this could be the result of investors' anticipation of higher inflation or expectations of increased borrowing by the federal government, both of which may push yields higher despite lower interest rates . Furthermore, the market reaction could also be influenced by global economic trends and geopo...

More news - Breaking news Meta Platforms Inc. has introduced the innovative Quest 3S virtual reality headset priced at $299, along with a preview of its Orion augmented reality glasses. The announcement was made at a high-profile event, underscoring Meta's continued push into immersive technology markets. The Quest 3S VR headset, designed to enhance the user experience with updated features, is priced competitively to appeal to a broader audience. This move is expected to strengthen Meta's presence in the virtual reality industry, potentially increasing its market share over rivals. At the same time, Meta provided a first look at the prototype Orion AR glasses, signaling its ambitious plans to expand beyond virtual reality into augmented reality. The prototype highlights advances in ...

More news - Latest news The economic tremors of the 2008 financial crisis continue to resonate across the UK’s fiscal framework, underscoring a number of budgetary constraints that have persisted over the years. This editorial delves into how the fallout from that global financial upheaval still affects Britain’s economic policies and financial health today. Historically, the 2008 crisis has left an indelible mark on economies around the world, but its prolonged impact on the UK has been particularly significant. The fiscal policies and budgetary measures adopted in the aftermath have been instrumental in shaping the current economic landscape. These measures have often been characterised by rigorous austerity, aimed at stabilising and reducing public debt, but have also sparked cons...

More news - Latest news British Prime Minister Keir Starmer recently expressed a perspective that stresses the importance of enduring difficult times to facilitate substantial national development. In a keynote speech at an “In Conversation” event with leading business leaders, Starmer stressed that such difficult times are not only inevitable, but essential to sparking a comprehensive national renewal. Speaking at the event, which included discussions with Debbie Weinstein, a senior figure in the British business community, Starmer elaborated on how these difficulties could serve as a foundation for robust social and economic reforms. He said navigating these struggles effectively could lead to a stronger, more united nation. The Prime Minister’s remarks reflect a broader strategy t...