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At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it
At UN Climate talks, oil companies pledge to combat methane; Environmentalists call it "smokescreen"
Fifty oil companies representing nearly half of global production have pledged to reach near-zero methane emissions and end routine flaring in their operations by 2030, the president of this year’s U_N_ climate talks said Saturday, a move that environmental groups called a “smokescreen.”
2023-12-02 20:24
Oil on track for biggest monthly gains in over a year
Oil on track for biggest monthly gains in over a year
By Florence Tan and Mohi Narayan (Reuters) -Oil prices edged lower on Monday, but were hovering near three-month highs, set
2023-07-31 11:53
Local businesses in northern Nigeria feel the sting of regional sanctions against neighboring Niger
Local businesses in northern Nigeria feel the sting of regional sanctions against neighboring Niger
A decision by a bloc of West African nations to shut down their borders with Niger as a way of sanctioning its coup plotters is harming local businesses in northern Nigeria, where a cross-border economy has boomed for years
2023-08-09 04:57
UEFA to prevent clubs spreading cost of transfers with lengthy contracts
UEFA to prevent clubs spreading cost of transfers with lengthy contracts
Chelsea and other European clubs will no longer be able to spread a transfer fee across more than five years of a player’s initial contract after UEFA closed a loophole in its regulations. The Blues have signed a number of players on lengthy deals over the last two transfer windows, including handing eight-and-a-half-year contracts to Enzo Fernandez and Mykhailo Mudryk in January. The transfer fees are then spread evenly over the course of that contract, meaning the longer it is, the smaller the annual payments recorded on the club’s accounts. For instance, a £100million fee would be amortised at £20million a year with a five-year contract, but at only £12.5m a year if a deal was eight years. There is still nothing in the rules – which come into force from July 1 – preventing a club from spreading the cost by extending a contract, but for amortisation purposes that extension itself could not be for more than five years either. Clubs can still sign players to longer contracts if their national associations allow it, but the cost of the transfer fee must be amortised over the first five years unless the contract is extended. UEFA said the new regulations would not apply to deals already done, but would “ensure equal treatment of all clubs and improve financial sustainability”. European football’s governing body has also moved to prevent clubs colluding to inflate the value of players for accounting purposes. This follows the capital gains scandal involving clubs in Italy, which led to the entire Juventus board resigning in November last year. Clubs must assess whether a transaction counts as a straight swap, in which case it must be accounted for in line with international standards. International Accounting Standard (IAS) 38 states that if it is not possible to calculate the fair value of a player, profit on a sale cannot be recognised. UEFA confirmed Lisbon’s Jose Alvalade Stadium would host the 2025 Women’s Champions League final, and announced plans for a minimum standards framework for women’s national teams to ensure equality of player welfare standards and travel and training conditions. UEFA said the detail would be announced in due course. The 2024 and 2025 Europa Conference League finals are set to be staged in Athens and Wroclaw in Poland respectively. The Athens venue is a new arena, so will be assessed during AEK Athens’ European competition matches and Greece’s Euro qualifiers before being confirmed officially in December. Europe’s third-tier men’s club competition will be rebranded as the UEFA Conference League from 2024-25, dropping the word ‘Europa’ from its title following research among fans and commercial partners to further distinguish it from the Europa League. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Jonny Bairstow steals the show at Lord’s – Wednesday’s sporting social Everton to consult with fans about potential midseason stadium switch in 2024-25 Josh Tongue enjoys taste of Ashes but Australia in control at Lord’s
2023-06-29 00:50
Houston sued over program setting aside public contracts for minorities
Houston sued over program setting aside public contracts for minorities
By Daniel Wiessner A white married couple that owns two landscaping companies has sued Houston, claiming that the
2023-09-21 01:46
Microsoft reports higher profits and revenue powered by cloud computing and AI investments
Microsoft reports higher profits and revenue powered by cloud computing and AI investments
Microsoft has reported a 27% increase in profit for the July-September quarter compared to the same time last year
2023-10-25 05:27
Whole Foods Market Unveils Latest Impact Report on Nourishing a More Sustainable Global Food System
Whole Foods Market Unveils Latest Impact Report on Nourishing a More Sustainable Global Food System
AUSTIN, Texas--(BUSINESS WIRE)--Jul 25, 2023--
2023-07-25 22:15
Traders boost bets Fed will keep rates on hold this year
Traders boost bets Fed will keep rates on hold this year
Despite a stronger-than-expected reading for third-quarter U.S. economic growth, traders on Thursday added to bets the Federal Reserve
2023-10-26 20:56
Exclusive-Ukraine winter wheat sowing seen unchanged despite export crisis
Exclusive-Ukraine winter wheat sowing seen unchanged despite export crisis
By Pavel Polityuk KYIV Ukrainian farmers are not expected to reduce the area of winter wheat they sow
2023-08-29 17:59
Signa Insolvency Engulfs Galeria Stores, Halts Frasers Deal
Signa Insolvency Engulfs Galeria Stores, Halts Frasers Deal
The insolvency of Signa Holding GmbH is starting to cause ripple effects across Rene Benko’s property and retail
2023-11-30 23:53
Disney gambles on free cricket to turn the tables in India streaming war
Disney gambles on free cricket to turn the tables in India streaming war
By Aditya Kalra, Munsif Vengattil and Dawn Chmielewski NEW DELHI/LOS ANGELES Walt Disney is attempting to revive the
2023-08-29 13:17
Japan, South Korea partnership funds to go to chips, energy
Japan, South Korea partnership funds to go to chips, energy
Top business leaders from Japan and South Korea will use a fund meant to underscore the two countries’ burgeoning ties to strengthen their cooperation in energy, industry and other sectors
2023-05-10 19:46