Ionomr Innovations Raises $20M in Series A-4 Financing for Hydrogen Polymer and Membrane Technologies
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#1d75cdcf ver:0.07
Ionomr Innovations, a developer and manufacturer of polymer and membrane technologies for hydrogen applications, has closed a Series A-4 funding round with lead investors NGIF Cleantech Ventures and Pallasite Ventures, supported by Shell Ventures, Chevron Technology Ventures, Finindus, and others. The funding will allow Ionomr to scale its ion-exchange membranes and polymers for the hydrogen economy, including green hydrogen production, hydrogen fuel cells, and carbon utilization. The company's materials can make hydrogen production more efficient and cost-competitive. Ionomr Innovations is revolutionizing electrochemistry with its innovative products.
This latest funding round will enable Ionomr Innovations to further develop and scale its polymer and membrane technologies for various hy...
#newstr #IonomrInnovations #HydrogenPolymer #MembraneTechnologies #3m #Evoloh #Cleantech #Electrolyzer #GreenHydrogen #ClimateTech #HydrogenEconomy #SustainableAviationFuel #VirginAtlantic
Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns
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#dda14a4e ver:0.37
Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States .
The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives . The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and inve...
#newstr #China #Us #Business #EconomicCooperation #ForeignInvestment
Oil prices decline further as US crude inventories rise
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#12d86ea3 ver:0.46
Oil prices continued to slide for a second consecutive day on Wednesday, following the release of US data showing a significant increase in crude inventories. Brent crude futures for May settled down 17 cents, or 0.2%, to $85.78 a barrel, while US West Texas Intermediate (WTI) futures for May settled down 20 cents, or 0.3%, to $81.07 a barrel. The decline in prices was attributed to weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Gasoline inventories fell for a seventh week, down 3.3 million barrels to 230.8 million, and gasoline product supplied slipped below 9 million barrels, suggesting that gasoline markets may have been overbought. The US drafted a UN resolution calling for a ceasefire that would allow the release of 40 ...
#newstr #OilPrices #UsCrudeInventories #GasolineDemand #UnDraftResolution #InterestRates #UkrainianAttacksOnRussianRefineries
H&M Appoints Helena Saxon as New Board Member
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#94a48a73 ver:0.04
Heineken N.V. has announced the appointment of Glenn Caton as the President of the Europe Region, succeeding Soren Hagh .
Glenn Caton joins Heineken from Mondelez International, where he currently holds the position of Senior Vice President Global Commerce .
Soren Hagh will be leaving Heineken on December 31, 2023, to pursue a new role .
This leadership change reflects Heineken's commitment to driving growth and success in the European market. With the appointment of Glenn Caton, the company aims to continue its strong presence and expand its operations in the region .
The Coca-Cola Company has also announced a new leader for its Sparkling Flavors category. Santiago Iturralde, a former executive at Unilever, will become the president of the Sparkling Flavors global category, effective ...
#newstr #Heineken #Cocacola #BeerInstitute #SplashBeverageGroup #H&m
The Economic Impact of Poor Mental Health on Workers in the UK
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#b4f46e91 ver:0.11
Loneliness and depression have significant economic and health implications, with the global economy bearing a profound cost. U.S. Surgeon General Dr. Vivek Murthy warns that depression alone is costing the global economy around $1 trillion per year . Dr. Murthy emphasizes the link between loneliness, social isolation, and mental health problems. He highlights the importance of workplaces fostering a supportive and inclusive environment to combat loneliness and depression. According to Dr. Murthy, mental health impacts productivity, engagement, retention, and absenteeism. Therefore, supporting employees' mental health should be a priority for leaders, especially in the context of the pandemic and remote work. Dr. Murthy believes that employers have a responsibility to support mental healt...
#newstr #MentalHealth #UkEconomy #Nhs
S4 Capital Reports Decline in Sales and Earnings, Martin Sorrell Cites Challenging Year
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#cdafb14b ver:0.05
Stocks slipped on Wednesday as disappointing earnings reports from big tech companies, known as the 'Magnificent Seven,' fell short of expectations. Cloud sales growth and demand for AI tools have slowed, possibly due to fears of a global economic slowdown. The S&P 500 index dropped 1.43% in response. The European Central Bank left interest rates unchanged at 4%, but concerns about a recession in Europe persist. In the UK, the housing market is projected to continue its decline, with prices not expected to recover until 2025. The triple lock, which ensures that the full new State Pension will rise in line with earnings, is set to take effect next April. However, the Institute for Fiscal Studies (IFS) claims that the State Pension would be 11% lower if it had grown in line with prices or ea...
#newstr #S4Capital #MartinSorrell #AdvertisingIndustry #Earnings #Revenue
EnBW Expects Decline in Core Profit for 2024 on Lower Wholesale Prices
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#bb8457a1 ver:0.07
Stock market volatility persisted as the benchmark Nigerian Exchange Limited, NGX, All-Share Index, ASI, closed higher, gaining a modest 11 basis points, bps, Week-on-Week, WoW, at 66,464.57 points last Friday from 66,362.14 points the previous week. Investors are eagerly anticipating policy statements from the fiscal and monetary authorities as the new ministers and apex bank leadership settle down to roll out new economic plans . The second-quarter 2023 financial results are being announced, and the third-quarter 2023 reports are expected to start pouring in soon . Analysts are predicting mixed Q3'23 earnings reports due to ongoing fiscal reforms and foreign exchange challenges . The market capitalization closed at N36.510 trillion, with a year-to-date growth of 29.89%. Analysts anticipa...
#newstr #Enbw #CoreProfit #WholesalePrices #Earnings #Ebitda #Dividend
GBP/USD exchange rate firms on positive US durable goods orders data
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#b4222ee6 ver:0.97
The GBP/USD exchange rate firmed on March 27, 2024, following the release of positive durable goods orders data from the US. Durable goods orders in the United States expanded by 1.4% in February, surpassing market expectations of a 1.1% rise and rebounding from last month's downwardly revised -6.9% figure. The Pound (GBP) remained range-bound against most of its peers due to the absence of significant macroeconomic data releases. However, grocery price inflation in the UK slowed to 4.5% in March, the lowest level since February 2022. Market participants are now awaiting the UK's finalised GDP data for the fourth quarter of 2023, which is expected to confirm that the UK economy fell into a technical recession in the second half of 2023. This may have an impact on GBP exchange rates later i...
#newstr #Gbp/usd #DurableGoodsOrders #GroceryPriceInflation #GdpData #TechnicalRecession
China Files WTO Complaint Over US Electric Vehicle Subsidies, Escalating Trade Tensions
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#ac1676e0 ver:0.18
China's stock market experienced a decline as tensions between the US and China escalated over a new American policy that could disadvantage Chinese electric vehicle (EV) manufacturers. The Shanghai Composite Index fell by 1.3%, or 38.34 points, to close at 2,993.14, while the Shenzhen Component Index dropped by 2.4%, or 226.96 points, to 9,222.47 . China argues that the US Inflation Reduction Act includes discriminatory subsidies that unfairly exclude Chinese-made EVs. In response, China has filed a complaint with the World Trade Organization (WTO) against the Act .
Despite the market downturn, data from the National Bureau of Statistics revealed a strong 10.2% year-on-year increase in industrial profits for the first two months of 2024 .
In addition to the trade tensions, Guangdong Ti...
#newstr #China #Us #Wto #ElectricVehicles #Subsidies #TradeDispute
Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns
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#dda14a4e ver:0.35
Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States .
The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives. The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and investme...
#newstr #China #Us #BusinessRelations #EconomicCooperation #Trade #Technology #Investment
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/ad064203-cc2d-47f7-463d-90fb8c1f5f00/public
Investors Remain Optimistic Despite Nagging Thoughts of Stock Market Correction
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#00c74072 ver:0.29
Despite nagging thoughts of a potential stock market correction, investors remain optimistic as the US stock market continues to reach record highs. The first quarter of 2024 saw gains of over 10%, easing initial investor angst and trepidation. While US stocks are considered expensive, they are not at extremes, and earnings forecasts for next year are rising. Additionally, the US economy is expected to avoid a recession this year, and interest rates are projected to start falling over the summer. Volatility gauges in stock, bond, and currency markets are also unusually subdued. Although the picture outside the United States may be patchier, stocks in Europe and Japan are cheaper, and the economic growth nadir in both areas may have already passed. The recent Bank of America global fund man...
#newstr #StockMarket #Correction #Equities #InterestRates #EconomicGrowth #Volatility #Investors
Public Opinions on Immigration, Law and Order, and Various Other Topics
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#b06159f1 ver:0.13
In a letter to the editor titled 'Everything will be on the line in November', published in the South Florida Sun Sentinel, the author emphasizes the importance of voting against Donald Trump in the upcoming November election. The author raises concerns about the immigration problem, inflation, the age of the president, and the banning of books. They assert that everything is at stake in this election and urge readers to stand up for the preservation of America .
Another letter to the editor highlights the benefits of immigration, stating that it strengthens the economy and communities. The letter cites the Congressional Budget Office's estimate of $7 trillion in economic growth over the next ten years due to immigration. It also mentions the contributions immigrants make through taxes an...
#newstr #PublicOpinions #Immigration #LawAndOrder #Mta #RedLightCameras #Trump #NyAttorneyGeneral #Israel #Hamas #RepAlexandriaOcasiocortez
Nikkei 225 Reaches New All-Time High as Japanese Equities Surge, but Falls 1.10% at Close of Trade
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#0265b35c ver:0.26
Japanese equities continued their upward trend on Thursday, with the Nikkei 225 surging 2.08% to reach a new all-time high. The gains were driven by the Paper & Pulp sectors, propelling shares higher. Concordia Financial Group Ltd, Tokyo Electric Power Co., Inc., and Chiba Bank Ltd were among the biggest gainers on the Nikkei 225, while Sapporo Holdings Ltd., DOWA Holdings Co., Ltd., and Nippon Yusen K.K. were among the biggest losers. The positive performance of Japanese equities comes ahead of the Bank of Japan's rate decision tomorrow. In commodities trading, crude oil and gold prices rose, while the USD/JPY and EUR/JPY currency pairs fell. The US Dollar Index Futures was down 0.12% at 102.93.
On Friday, Japan equities continued to rise, with the Nikkei 225 adding 0.15% to hit a new al...
#newstr #Japan #Equities #Nikkei225 #Paper&PulpSectors #BankOfJapanRateDecision #CommoditiesTrading #CurrencyPairs #UsDollarIndexFutures #TokyoStockExchange #SumitomoRealty&DevelopmentCo #TokyoTatemonoCo,Ltd #SuzukiMotorCorp #NexonCoLtd #MitsubishiHeavyIndustries,Ltd #KawasakiHeavyIndustries,Ltd
Japanese Yen Hits 34-Year Low Against US Dollar, Prompting Warning from Finance Minister
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#080c8e6b ver:1.2
The Japanese yen has reached a 34-year low against the US dollar, trading at 151.97 yen per dollar in the Asia session. This marks a decline of about 0.2% and is the weakest level since the mid-1990s . The yen's depreciation has drawn comparisons to Japan's intervention in the foreign exchange market in 2022 when authorities defended the currency at 151.94 yen per dollar. Japanese Finance Minister Shunichi Suzuki has issued a warning, stating that Japan would take 'decisive steps' against excessive currency moves . The depreciation of the yen contributes to higher import costs and aids exports. The weakening yen is extending beyond its borders, potentially impacting the competitiveness of Chinese exports . Despite Japan's recent exit from negative interest rates, the yen remains the worst-...
#newstr #JapaneseYen #UsDollar #FinanceMinister #ImportCosts #Exports #China #MonetaryPolicy
H&M Reports Strong Q1 Operating Profit, Aims for 10% Profit Margin in 2024
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#347aa46b ver:0.86
US retail sales for December 2023 exceeded expectations, rising by 0.6% from November to $615 million. This increase was 0.3% higher than November's sales, indicating the resilience of American shoppers and a positive financial start to the new year. Out of the 13 categories monitored, nine experienced sales increases, including clothing, fashion accessories, and non-store retailers. However, health and personal care shops saw a 1.4% decrease, and petrol station sales were down by 1.3%. Automotive and fuel sales increased by 4.9% annually, while spending at petrol stations dropped by 11.5% due to falling fuel prices. The strong retail sales figures may influence the US Federal Reserve to maintain its current interest rates.
Retail sales in the US rebounded in February, rising by 0.6% afte...
#newstr #UsRetailSales #NrfForecast #SupplyChainFlexibility #Walmart #H&m #Q1OperatingProfit
Tech Entrepreneur Oluwaseun Dania Ranked Among Top Enablers in Nigeria's Digital Economy
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#efd703e8 ver:0.11
Tech entrepreneur Oluwaseun Dania, founder and lead consultant of Alpha-Geek Technologies, has been ranked among the 50 Most Valuable Personalities (MVP) in Nigeria's Digital Economy. The recognition was given at a One Day Industry Colloquium/Lunch/Recognition Ceremony organized by KnowHow Media, where Dania received a recognition plaque for his contributions to the growth of the digital ecosystem .
The ranking was based on Dania's innovation, vision, impact, and influence in the digital space . Speaking at the event, Dania emphasized the importance of collaboration in the sector and called for increased cooperation among industry players to foster a vibrant and sustainable digital economy . He expressed his dedication to continuing his contributions to the sector and working towards a ...
#newstr #OluwaseunDania #AlphageekTechnologies #Nigeria #DigitalEconomy #Ranking #Innovation #Collaboration
India Adds More Billionaires Than China: Hurun Global Rich List 2024
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#47d6aef8 ver:0.23
Donald Trump's wealth reached a record high in a single day as his business empire faced a New York fraud lawsuit. A state appeals court reduced the bond he had to post from $US500 million to $US175 million. At the same time, his social media company, Trump Media & Technology Group, completed a 29-month-long merger process, increasing his net worth by over $US4 billion . As a result, Trump is set to join the ranks of the world's wealthiest 500 people on the Bloomberg Billionaires Index with a fortune of $US6.5 billion . His shares in Digital World Acquisition Corp., valued at around $US3.9 billion, are locked up for six months . The completion of the merger overcame investigations, settlements, and lawsuits . Bernard Arnault remains the richest person in the world with a fortune of around ...
#newstr #HurunGlobalRichList #India #China #Billionaires #Wealth #Industries
Turkey, US, and Kazakhstan Seek to Strengthen Partnerships and Improve Relations
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#b6210d7f ver:0.05
In an effort to improve bilateral relations, Turkish and US officials have engaged in comprehensive talks about the conflicts in Ukraine and Gaza, as well as various other issues. The meetings, known as the Strategic Mechanism, took place in Washington and aimed to move beyond deep policy disagreements and foster cooperation .
After a meeting with US Secretary of State Antony Blinken, Turkish Foreign Minister Hakan Fidan stated that there is an opportunity to open a 'new page with a positive agenda' in Turkey-US relations . The two countries have decided to resume 'counterterrorism consultations' to address the biggest obstacle between them, which is the US support for the YPG/PKK . The joint statement released after the meeting outlines a broad framework for opening a new page, including...
#newstr #TurkeyusRelations #Ukraine #Gaza #Counterterrorism #Ypg/pkk #JointStatement #KobaneCrisis #KazakhstanusStrategicPartnership #Trade #EconomicCooperation #EnergySecurity #Peacekeeping
The Debate Over Banning TikTok in the U.S.: National Security vs. Free Speech
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#0bc546b8 ver:0.25
The debate over whether the United States should ban TikTok centers around concerns about data security and potential vulnerabilities due to its ownership by Chinese company ByteDance. In February 2023, the White House ordered federal agencies to delete the app from government devices, and in March 2023, House lawmakers questioned TikTok's CEO about the app's relationship to ByteDance and China's influence. The House Energy and Commerce Committee has advanced a bill stating that TikTok must sever ties with its parent company within six months or face a ban in the U.S. Concerns arise that under communist control, China could order ByteDance to provide user data to Chinese authorities, posing a risk to national security and data privacy. However, a ban on TikTok would also have negative econ...
#newstr #Tiktok #NationalSecurity #DataSecurity #Bytedance #China #EconomicConsequences #Gdp #SmallAndMidsizedBusinesses #VirtualPrivateNetworks #Technology